- Issuer
- Leverage Shares
- Inception Date
- Mar 21, 2025
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
PANG Performance Chart
Leverage Shares 2X Long PANW Daily ETF (PANG) is up 199.7% since the beginning of the year. PANG is currently trading at $33 per share.
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Returns By Period
Leverage Shares 2X Long PANW Daily ETF (PANG) has returned 199.67% so far this year and 124.18% over the past 12 months.
Leverage Shares 2X Long PANW Daily ETF
- 1D
- -2.36%
- 1M
- 50.17%
- 6M
- 217.60%
- YTD
- 199.67%
- 1Y
- 124.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- 9.11%
- YTD
- 9.32%
- 1Y
- 19.17%
- 3Y*
- 18.87%
- 5Y*
- 11.45%
- 10Y*
- 13.53%
PANG Monthly Returns History
Based on dividend-adjusted daily data since Mar 21, 2025, PANG's average daily return is +0.42%, while the average monthly return is +10.48%. At this rate, an investment would double in approximately 0.6 years.
Historically, 65% of months were positive and 35% were negative. The best month was May 2026 with a return of +138.3%, while the worst month was Feb 2026 at -31.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PANG closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +27.0%, while the worst single day was Nov 20, 2025 at -14.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.59% | -31.48% | 13.06% | 21.84% | 138.32% | 41.66% | 4.02% | 199.67% | |||||
| 2025 | -11.56% | 14.77% | 4.03% | 11.41% | -30.43% | 18.39% | 12.93% | 15.17% | -26.87% | -7.49% | -14.75% |
Benchmark Metrics
Leverage Shares 2X Long PANW Daily ETF has an annualized alpha of 69.02%, beta of 2.33, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since March 21, 2025.
- This ETF captured 328.64% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -87.41%) - a profile typical of hedging or uncorrelated assets.
- R2 of 0.25 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 69.02%
- Beta
- 2.33
- R²
- 0.25
- Upside Capture
- 328.64%
- Downside Capture
- -87.41%
Expense Ratio
PANG has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PANG ranks 51 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Leverage Shares 2X Long PANW Daily ETF (PANG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PANG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.23 | -0.06 |
| Martin ratioReturn relative to average drawdown | 4.31 | 9.69 | -5.37 |
Dividends
Dividend History
Leverage Shares 2X Long PANW Daily ETF provided a 3.91% dividend yield over the last twelve months, with an annual payout of $1.30 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.30 | $1.30 |
Dividend yield | 3.91% | 11.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Leverage Shares 2X Long PANW Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $1.30 | $1.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Leverage Shares 2X Long PANW Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Leverage Shares 2X Long PANW Daily ETF was 62.38%, occurring on Feb 24, 2026. Recovery took 57 trading sessions.
The current Leverage Shares 2X Long PANW Daily ETF drawdown is 2.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -62.38%Feb 2026 | 3mo 28d | 2mo 20d | 6mo 18dOct 2025 - May 2026 |
2025 selloff2025 | -36.87%Apr 2025 | 12d | 2mo | 2mo 12dMar 2025 - Jun 2025 |
2025 bear market2025 | -35.97%Aug 2025 | 29d | 1mo 29d | 2mo 28dJul 2025 - Oct 2025 |
2026 bear market2026 | -25.32%Jun 2026 | 7d | 17d | 24dJun 2026 - Jun 2026 |
2025 correction2025 | -11.55%Oct 2025 | 7d | 11d | 18dOct 2025 - Oct 2025 |
Drawdown Indicators
| PANG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.38% | -56.78% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -62.38% | -9.10% | -53.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.36% | -1.66% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -22.04% | -10.71% | -11.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.25% | 2.09% | +29.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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