{"url":"https://etfiq.com/compare/leverage/palu-vs-pang","section":"compare","title":"PALU vs PANG: which held to its multiple? | ETFIQ","description":"PALU sets out to return +2 times PANW each day and PANG +2 times. Over the three months to Sep 30, 2026 they finished \u221211.8 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, PALU or PANG?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, PALU finished 11.8 points from what its multiple implies and PANG finished 12.1 points from its own, so PALU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are PALU and PANG levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Palo Alto Networks, PALU at +2 times and PANG at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, PALU or PANG?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window PALU\u2019s moved at 60% annualized and PANG\u2019s at 60%, so PALU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold PALU 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, PALU or PANG?","acceptedAnswer":{"@type":"Answer","text":"PALU charges 1.08% 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":"PALU vs PANG","item":"https://etfiq.com/compare/leverage/palu-vs-pang"}]},{"@type":"WebPage","name":"PALU vs PANG: which held to its multiple?","description":"PALU sets out to return +2 times PANW each day and PANG +2 times. Over the three months to Sep 30, 2026 they finished \u221211.8 pts and \u221212.1 pts away.","url":"https://etfiq.com/compare/leverage/palu-vs-pang","dateModified":"2026-09-30","abstract":"Over the days both have traded, PALU finished 11.8 points from its stated multiple and PANG 12.1.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of PALU and PANG","description":"PALU sets out to return +2 times PANW each day and PANG +2 times. Over the three months to Sep 30, 2026 they finished \u221211.8 pts and \u221212.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/palu-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":6580,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / PALU vs PANG \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n PALU vs PANG: which held to its multiple?\n\n Over the days both have traded, PALU finished 11.8 points from its stated multiple and PANG 12.1.\n Copy this for sharing \n \n Direxion Daily PANW Bull 2X ETF and Leverage Shares 2X Long PANW Daily ETF.\n\n Download as PDF \n\n +13.9% PALU returned, 3 months \n +13.6% PANG returned, 3 months \n \u221211.8 pts PALU from its stated multiple \n \u221212.1 pts PANG from its stated multiple \n\n ETFIQ Decay Resistance Score: PALU scores higher\n Did it k","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/palu-vs-pang","a":{"ticker":"PALU","name":"Direxion Daily PANW Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: PALU returned +13.9% where its own daily promise gave +16.9%, 3.0 points short.","url":"https://etfiq.com/funds/palu","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":"+13.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$41m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.08%","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/palu-vs-pang"}