PANG vs. NTSD

Last updated Jul 4, 2026

PANG (Leverage Shares 2X Long PANW Daily ETF) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. PANG charges 0.75%/yr vs 0.35%/yr for NTSD.

Performance

PANG vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PANW Daily ETF (PANG) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PANG

• 1D: -2.36%
• 1M: 50.17%
• 6M: 217.60%
• YTD: 199.67%
• 1Y: 124.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NTSD

• 1D: 0.84%
• 1M: 0.91%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PANG vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
PANG Leverage Shares 2X Long PANW Daily ETF	279.13%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	18.98%

Correlation

The correlation between PANG and NTSD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.22

Return for Risk

PANG vs. NTSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PANG

PANG Risk / Return Rank: 51
PANG Sharpe Ratio Rank: 61
PANG Sortino Ratio Rank: 54
PANG Omega Ratio Rank: 56
PANG Calmar Ratio Rank: 52
PANG Martin Ratio Rank: 34

NTSD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PANG vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PANW Daily ETF (PANG) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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	NTSD	Difference
Sharpe ratio: Return per unit of total volatility	1.68	—	—
Sortino ratio: Return per unit of downside risk	2.18	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.17	—	—
Martin ratio: Return relative to average drawdown	4.31	—	—

Drawdowns

PANG vs. NTSD - Drawdown Comparison

The maximum PANG drawdown since its inception was -62.38%, which is greater than NTSD's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for PANG and NTSD.

Drawdown Indicators

	PANG	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-62.38%	-5.58%	-56.80%
Max Drawdown (1Y) Largest decline over 1 year	-62.38%	—	—
Current Drawdown Current decline from peak	-2.36%	-0.21%	-2.15%
Average Drawdown Average peak-to-trough decline	-22.04%	-1.16%	-20.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.25%	—	—

Volatility

Volatility by Period

	PANG	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	67.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	80.62%	24.10%	+56.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.95%	24.10%	+57.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.95%	24.10%	+57.85%

PANG vs. NTSD - Expense Ratio Comparison

PANG has a 0.75% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

PANG vs. NTSD - Dividend Comparison

PANG's dividend yield for the trailing twelve months is around 3.91%, more than NTSD's 0.14% yield.

Position	TTM	2025
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	0.14%	0.00%
PANG Leverage Shares 2X Long PANW Daily ETF	3.91%	11.71%

Frequently Asked Questions

Can I hold both PANG and NTSD in my portfolio?

PANG and NTSD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PANG or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PANG or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 0.75% for PANG.

Which ETF pays a higher dividend yield, PANG or NTSD?

PANG has the higher dividend yield at 3.91%, compared with 0.14% for NTSD.

What is the main difference between PANG and NTSD?

They also come from different issuers: Leverage Shares and WisdomTree. Their fees differ too: 0.75% for PANG and 0.35% for NTSD.