DEFI vs PANG

Comparison between Hashdex Bitcoin ETF (DEFI, ETF) and LEVERAGE SHARES 2X LONG PANW DAILY ETF (PANG, ETF).

DEFI vs PANG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DEFI(ETF)	PANG(ETF)
Net Assets	$10M	$10M
Expense Ratio	0.25%	N/A
Max Drawdown	51.95%	100.00%
Sharpe Ratio	-1.08	0.92
5Y Beta	1.26	2.25

Net Assets

DEFI

$10M

PANG

$10M

Expense Ratio

DEFI

0.25%

PANG

N/A

Max Drawdown

Winner

DEFI

51.95%

PANG

100.00%

Sharpe Ratio

DEFI

-1.08

Winner

PANG

0.92

5Y Beta

Winner

DEFI

1.26

PANG

2.25

DEFI vs PANG - Holdings Comparison

DEFI and PANG have 0 common holdings. Overlap is 0.00%

DEFI's top 25 holdings weight is 0.49%. PANG's top 25 holdings weight is 11.25%.

Rank	DEFI	PANG
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.49%	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 11.25%
#2	N/A	N/A
#3	N/A	N/A
#4	N/A	N/A
#5	N/A	N/A
#6	N/A	N/A
#7	N/A	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	1	1

DEFI vs PANG - Historical Returns

Returns include dividend reinvestment.

Period	DEFI	PANG
1 month	-21.26%	+61.36%
3 months	-9.98%	+150.89%
6 months	-29.40%	+80.58%
1 year	-40.80%	+51.61%
5 years(CAGR)	N/A	+391.91%
10 years(CAGR)	N/A	+63.34%
Max(CAGR)	-3.53%	+18.59%

DEFI

-21.26%

Winner

PANG

+61.36%

DEFI

-9.98%

Winner

PANG

+150.89%

DEFI

-29.40%

Winner

PANG

+80.58%

DEFI

-40.80%

Winner

PANG

+51.61%

5Y(CAGR)

DEFI

N/A

PANG

+391.91%

10Y(CAGR)

DEFI

N/A

PANG

+63.34%

Max(CAGR)

DEFI

-3.53%

Winner

PANG

+18.59%

DEFI vs PANG - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	DEFI	PANG
2026	-29.31%	+108.66%
2025	-10.57%	-16.11%
2024	+36.09%	N/A
2018	N/A	+0.00%
2017	N/A	-99.91%
2016	N/A	-69.26%
2015	N/A	+0.00%
2014	N/A	-36.36%
2013	N/A	+22.45%
2012	N/A	+8.89%
2011	N/A	-76.19%
2010	N/A	+2000.00%
2009	N/A	-90.20%
2008	N/A	+750.00%
2007	N/A	-16.67%
2006	N/A	+0.00%
2005	N/A	+50.00%
2004	N/A	-50.00%
2003	N/A	+220.00%
2002	N/A	-71.43%
2001	N/A	-50.00%
2000	N/A	-36.36%
1999	N/A	-15.38%

DEFI vs PANG Drawdown Comparison

The maximum drawdown for DEFI was -51.95%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for PANG was -100.00%, occurring on Dec 21, 2017. Recovery took 2483 trading sessions.

The current DEFI drawdown is -49.27%. The current PANG drawdown is -14.49%.

Rank	DEFI	PANG
#1	-51.95% Oct 6, 2025 - Jun 5, 2026	-100.00% Feb 11, 2008 - Mar 21, 2025
#2	-28.47% Dec 17, 2024 - May 21, 2025	-95.83% Mar 2, 2000 - Feb 5, 2008
#3	-26.06% Apr 8, 2024 - Oct 29, 2024	-62.38% Oct 28, 2025 - May 15, 2026
#4	-12.02% Aug 13, 2025 - Oct 6, 2025	-61.54% Nov 1, 1999 - Feb 23, 2000
#5	-8.24% Nov 22, 2024 - Dec 6, 2024	-36.87% Mar 25, 2025 - Jun 6, 2025
#6	-7.49% May 22, 2025 - Jul 9, 2025	-35.97% Jul 9, 2025 - Oct 6, 2025
#7	-7.49% Oct 29, 2024 - Nov 6, 2024	-33.33% Feb 23, 2000 - Mar 2, 2000
#8	-7.21% Mar 28, 2024 - Apr 8, 2024	-25.32% Jun 1, 2026 - Jun 9, 2026
#9	-5.81% Jul 14, 2025 - Aug 13, 2025	-11.55% Oct 8, 2025 - Oct 27, 2025
#10	-4.87% Dec 6, 2024 - Dec 13, 2024	-9.39% May 22, 2026 - May 29, 2026
#11	-2.35% Nov 13, 2024 - Nov 15, 2024	-7.31% Jun 30, 2025 - Jul 9, 2025
#12	N/A	-5.86% May 18, 2026 - May 21, 2026
#13	N/A	-4.91% Jun 6, 2025 - Jun 17, 2025
#14	N/A	-2.83% Jun 25, 2025 - Jun 30, 2025
#15	N/A	-2.76% Jun 17, 2025 - Jun 23, 2025