Leverage Shares 2X Long PANW Daily ETF (PANG) Performance
PANG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +208.7% since Dec 31, 2025
- 1 year
- +118.1% total return
- Since first price
- +158.9% since 2025
PANG trailing returns vs SPY, QQQ, AGG
| Period | PANG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −9.9% | −9.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +20.5% | +20.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +286.2% | +286.2% | +7.8% | +8.4% | −1.5% |
| YTD | +208.7% | +208.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +118.1% | +95.8% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 21, 2025 | +158.9% | +132.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PANG vs SPY
From Mar 21, 2025: PANG grew to $25,891, SPY to $13,699.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PANG returns by calendar year
2026 is year to date.
PANG annual returns table
| Year | PANG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +208.7% | −48.6% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PANG largest drawdowns
Now 20.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 28, 2025 | −62.4% | Feb 24, 2026 | May 15, 2026 | 4 months | 7 months |
| Mar 25, 2025 | −36.9% | Apr 7, 2025 | Jun 6, 2025 | 13 days | 2 months |
| Jul 9, 2025 | −36.0% | Aug 8, 2025 | Oct 6, 2025 | 30 days | 3 months |
| Oct 6, 2026 | −35.8% | Oct 20, 2026 | not yet | 14 days | 17 days so far |
| Aug 13, 2026 | −34.0% | Sep 2, 2026 | Oct 6, 2026 | 20 days | 54 days |
| Jun 1, 2026 | −25.3% | Jun 9, 2026 | Jun 26, 2026 | 8 days | 25 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PANG risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +124.4% |
| Volatility (annualized) | 129.6% |
| Sharpe ratio | 1.04 |
| Sortino ratio | 3.06 |
| Best month | +138.3% |
| Worst month | −31.5% |
| Best 12 months | +195.8% |
| Worst 12 months | −32.5% |
| Positive months | 67% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PANG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | −32.5% | +108.8% | +195.8% | 75% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
PANG performance overview
Leverage Shares 2X Long PANW Daily ETF (PANG) returned +118.1% over the past year, with distributions reinvested. Since its first recorded price on Mar 21, 2025 it has returned +158.9%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −62.4%, from Oct 28, 2025 to Feb 24, 2026, and it took 3 months to get back to the old high. Volatility has been 129.6% a year.
Related: PANG chart, PANG dividends. See the PANG overview for the latest quote and fund facts.
PANG performance FAQ
What is the PANG return over the past year?
PANG returned +118.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 95.8%.
How much would $10,000 invested in PANG be worth?
$10,000 invested in PANG at its first recorded close on March 21, 2025 would be worth about $25,891 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of PANG?
The largest peak-to-trough decline was −62.4% between October 28, 2025 and February 24, 2026. It recovered to the old high on May 15, 2026, 3 months after the bottom.
How volatile is PANG?
Over the past history PANG had an annualized volatility of 129.6% and a Sharpe ratio of 1.04 (excess return over 1–3 month T-bills per unit of risk).