{"url":"https://etfiq.com/compare/leverage/pald-vs-pang","section":"compare","title":"PALD vs PANG: which held to its multiple? | ETFIQ","description":"PALD sets out to return -1 times PANW each day and PANG +2 times. Over the three months to Sep 30, 2026 they finished \u22125.2 pts and \u221212.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, PALD or PANG?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, PALD finished 5.2 points from what its multiple implies and PANG finished 12.1 points from its own, so PALD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are PALD and PANG levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Palo Alto Networks, PALD at -1 times and PANG at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, PALD or PANG?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window PALD\u2019s moved at 60% annualized and PANG\u2019s at 60%, so PALD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold PALD or PANG for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, PALD or PANG?","acceptedAnswer":{"@type":"Answer","text":"PALD charges 1.02% a year and PANG charges 0.76%, so PANG is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"PALD vs PANG","item":"https://etfiq.com/compare/leverage/pald-vs-pang"}]},{"@type":"WebPage","name":"PALD vs PANG: which held to its multiple?","description":"PALD sets out to return -1 times PANW each day and PANG +2 times. Over the three months to Sep 30, 2026 they finished \u22125.2 pts and \u221212.1 pts away.","url":"https://etfiq.com/compare/leverage/pald-vs-pang","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, PALD finished 1.2 points over and PANG 3.3 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of PALD and PANG","description":"PALD sets out to return -1 times PANW each day and PANG +2 times. Over the three months to Sep 30, 2026 they finished \u22125.2 pts and \u221212.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/pald-vs-pang","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7157,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / PALD vs PANG \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n PALD vs PANG: which held to its multiple?\n\n Over three months against its own daily promise, PALD finished 1.2 points over and PANG 3.3 points short.\n Copy this for sharing \n \n Direxion Daily PANW Bear 1X ETF and Leverage Shares 2X Long PANW Daily ETF.\n\n Download as PDF \n\n \u221218.0% PALD returned, 3 months \n +13.6% PANG returned, 3 months \n \u22125.2 pts PALD from its stated multiple \n \u221212.1 pts PANG from its stated multiple \n\n ETFIQ Decay Resistance Score: PANG scores higher\n D","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/pald-vs-pang","a":{"ticker":"PALD","name":"Direxion Daily PANW Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: PALD returned \u221218.0% where its own daily promise gave \u221219.2%, 1.2 points over.","url":"https://etfiq.com/funds/pald","key_facts":[{"label":"What PANW did","value":"+12.9%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u221219.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221218.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.02%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"PANG","name":"Leverage Shares 2X Long PANW Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: PANG returned +13.6% where its own daily promise gave +16.9%, 3.3 points short.","url":"https://etfiq.com/funds/pang","key_facts":[{"label":"What PANW did","value":"+12.9%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+16.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+13.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.76%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 27, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/pald-vs-pang"}