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AALG vs OKTG

Leverage Shares 2x Long AAL Daily ETF

AALGCNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.03pt a year

AALG0.78%OKTG0.75%

Avg volume · 30D

AALG 1.1×the volume

AALG40.5KOKTG38.5K

AALG vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

−49.3%AALG+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. AALG −49.3%. OKTG +247.6%. Use the arrow keys to read each point.0%100%200%300%Dec 2025Jun 2026Oct 2026
Expense ratio
AALG 0.78%
OKTG 0.75%, better
Fund size
AALG $4M
OKTG $8M
1Y total return
AALG −34.0%
OKTG No data
Holdings
AALG 5
OKTG 5
Avg volume (30D)
AALG 40.5K sh, better
OKTG 38.5K sh
NAV per share
AALG $8.99
OKTG $53.95
52W range

ETF.net Grade

AALG: Cost 60, Risk 67, Mission 93, Tradability 65, Holdings not scored, Durability 53. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for AALG, OKTG, with each pillar’s weight
PillarAALGOKTG
Cost30% weightB60A70Higher
Mission25% weightA93A94Higher
Risk15% weightB67A76Higher
Tradability15% weightB65A73Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC53HigherC51

Rank among Single-Stock Long Leveraged funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AALG and OKTG are both graded against the same 315 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

OKTG ranks 3rd and AALG 123rd of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  2. Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
  3. Rank 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
  4. Rank 3APANGLeverage Shares 2x Long PANW Daily ETFScore 70
  5. Rank 118CWDCXTradr 2X Long WDC Daily ETFScore 41
  6. Rank 123CAALGLeverage Shares 2x Long AAL Daily ETFScore 40
  7. Rank 123CAAPELeverage Shares 2X Long AAPL Daily ETFScore 40

Our read on each fund

ETF.net Research

AALGCLeverage Shares 2x Long AAL Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

AALG American Airlines, amplified. AALG came to market first with 2x daily exposure to AAL, and at 0.78% it charges less than the typical leveraged single-stock fund. The leverage resets every day.

OKTG A 2x daily amplifier on Okta, the identity-security stock, in an ETF wrapper. Leverage Shares prices it at 0.75%, under the typical leveraged single-stock fund, in a corner of the market built mostly around mega-caps.

Stated mandate

AALG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of American Airlines Group stock.

OKTG The fund seeks daily leveraged investment results equal to 200% of the daily performance of the publicly traded common stock identified as OKTA, before fees and expenses.

Why people hold it

  • AALG Launched July 2025 as the first ETF offering 2x daily leveraged exposure to American Airlines stock, a corner of the single-stock market rivals reached later.globenewswire.com
  • Charges 0.78% with no waiver attached, below the median fee in its leveraged single-stock peer group. For scale, TSMG runs 0.76% and UNHG 0.77%, also unwaived.
  • Built to do one job: swaps on AAL sized for 200% of the stock's daily move. No index committee, no basket, nothing diluting the airline bet.leverageshares.com
  • Ranks in the upper half of a crowded leveraged single-stock field on how closely it has hit its stated daily target.
  • OKTG Costs 0.75% a year, below the roughly 1.01% median for leveraged single-stock funds, and matches the fee on Leverage Shares' other 2x products like UNHG and ASMG.
  • Mechanically simple: it aims for 200% of Okta's daily move before fees and expenses, no margin account, options chain or share borrow involved.leverageshares.com
  • Unusual target. Most 2x single-stock ETFs point at mega-caps such as AAPU and GGLL; this one puts the same machinery on a cybersecurity name.

Worth knowing

  • AALG The 2x target applies to a single trading day. Hold longer and compounding takes over, so returns can differ from 2x AAL, and higher volatility widens the gap.sec.gov
  • A small, thinly traded fund, so spreads tend to run wider than on the headline leveraged names.
  • One stock, doubled: an AAL earnings miss or fuel spike lands twice as hard, and the swap counterparties add a layer beyond the airline itself.sec.gov
  • OKTG The leverage resets every day. Hold past that and returns compound, so a choppy stretch can leave you far from 2x Okta's move over the period.
  • One company, doubled. An earnings gap or a breach headline at Okta hits the fund at twice the size, with no other holdings to soften it.
  • Launched in November 2025 and still small and thinly traded, so spreads can run wider than on the long-established mega-cap leveraged funds.

Full AALG profile⁠

Full OKTG profile⁠

AALG vs OKTG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AALG vs OKTG Cost

Overpaying AALG vs OKTG

$520

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AALG 0.78%

    $15,002

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • AALG 0.78%
  • OKTG 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AALG $15,002OKTG $14,482

Year by year

YearAALGOKTGOverpaying
10$1,388$1,336$52
20$5,268$5,078$190
30$15,002$14,482$520

Expense ratio

  • 0.78%AALG
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

AALG 142nd cheapest of 315 funds

AALG vs OKTG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
AALG No data
OKTG None
Last payment
AALG $0.28
OKTG No data
Ex-dividend
AALG Dec 30, 2025
OKTG No data
Paid on
AALG Jan 2, 2026
OKTG No data
Frequency
AALG Irregular
OKTG No data

Distribution history

Per share, 2025 to 2026, same scale for both

AALGIrregular · 1 paymentAll AALG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.28. Use the arrow keys to read each point.$0$0.252026YTD
OKTGAll OKTG payments⁠

No distribution history available.

AALG vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AALG 102.5%since Aug 2025OKTG No data
Return per unit of riskSharpe ratio, 3 years
AALG 0.24since Aug 2025OKTG No data
Worst fallMax drawdown, 5 years
AALG −64.2%since Jul 2025OKTG No data
Market sensitivityBeta, 5 years
AALG 2.54OKTG 2.39

Popular comparisons

  • AALGCvsTSMGA

    Leverage Shares 2x Long AAL Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.78% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsTSMGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AALGCvsUNHGA

    Leverage Shares 2x Long AAL Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.78% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsUNHGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.75% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AALGCvsPANGA

    Leverage Shares 2x Long AAL Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.78% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsPANGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.