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AAPB vs OKTG

GraniteShares 2x Long AAPL Daily ETF

AAPBBNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.46pt a year

AAPB1.21%OKTG0.75%

Avg volume · 30D

AAPB 1.3×the volume

AAPB50.5KOKTG38.5K

AAPB vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

+43.7%AAPB+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. AAPB +43.7%. OKTG +247.6%. Use the arrow keys to read each point.100%200%300%Dec 2025Jun 2026Oct 2026
Expense ratio
AAPB 1.21%
OKTG 0.75%, better
Fund size
AAPB $18M
OKTG $8M
1Y total return
AAPB +43.5%
OKTG No data
Yield (12M)
AAPB 3.06%
OKTG No data
Holdings
AAPB 2
OKTG 5
Avg volume (30D)
AAPB 50.5K sh, better
OKTG 38.5K sh
NAV per share
AAPB $47.21
OKTG $53.95
52W range

ETF.net Grade

AAPB: Cost 37, Risk 80, Mission 78, Tradability 78, Holdings not scored, Durability 75. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for AAPB, OKTG, with each pillar’s weight
PillarAAPBOKTG
Cost30% weightD37A70Higher
Mission25% weightA78A94Higher
Risk15% weightA80HigherA76
Tradability15% weightA78HigherA73
Holdings10% weightNot scoredNot scored
Durability5% weightA75HigherC51

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. AAPB 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 AAPB 44th 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 37CUNHUDirexion Daily UNH Bull 2X ETFScore 60
  6. Rank 44BAAPBGraniteShares 2x Long AAPL Daily ETFScore 59
  7. Rank 44BARMWRoundhill ARM WeeklyPay ETFScore 59

Our read on each fund

ETF.net Research

AAPBBGraniteShares 2x Long AAPL Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

AAPB A day-one member of the US single-stock leverage club: listed August 2022 at 1.75x Apple, raised to 2x in January 2024. It aims to deliver twice Apple's daily move, then resets the clock every night.

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

AAPB The Fund seeks daily investment results, before fees and expenses, equal to twice the daily percentage change of Apple’s common 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

  • AAPB Aims for twice Apple's daily percentage change, then resets. The exposure you own is today's, not a stale bet left over from last month.sec.gov
  • Actively managed, building the 2x exposure from swaps, options and Apple shares themselves rather than one fixed structure.graniteshares.com
  • On the market since August 2022, one of the originals in a field that now runs to hundreds of funds, and one of the stronger implementations in that crowd.
  • The multiple is a documented, board-approved setting, not a moving target: the 1.75x to 2x change ran through an SEC prospectus supplement before it took effect.sec.gov
  • 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

  • AAPB 1.15% net of a waiver through December 31, 2026 (1.31% gross), above the category median and above 2x peers such as TSMG at 0.76% and OKTG at 0.75%.
  • The daily reset means multi-day results compound and can diverge sharply from 2x Apple's move over the same stretch, and Apple's volatility widens that gap.sec.gov
  • GraniteShares frames it for holding periods measured in days, not years, and payouts are infrequent. A trading instrument, not an income one.graniteshares.com
  • 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 AAPB profile⁠

Full OKTG profile⁠

AAPB 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.

AAPB vs OKTG Cost

Overpaying AAPB vs OKTG

$7,523

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

  • AAPB 1.21%

    $22,005

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • AAPB 1.21%
  • 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$20K$25K051015202530AAPB $22,005OKTG $14,482

Year by year

YearAAPBOKTGOverpaying
10$2,115$1,336$779
20$7,873$5,078$2,795
30$22,005$14,482$7,523

Expense ratio

  • 1.21%AAPB
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

AAPB 226th cheapest of 315 funds

AAPB vs OKTG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AAPB 3.06%
OKTG No data
Payout (12M)
AAPB $1.41
OKTG None
Last payment
AAPB $1.41
OKTG No data
Ex-dividend
AAPB Dec 29, 2025
OKTG No data
Paid on
AAPB Dec 31, 2025
OKTG No data
Frequency
AAPB Irregular
OKTG No data

Distribution history

Per share, 2023 to 2026, same scale for both

AAPBIrregular · 2 paymentsAll AAPB payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 27, 2023 $4.31; Dec 29, 2025 $1.41. Use the arrow keys to read each point.$0$520232026YTD
OKTGAll OKTG payments⁠

No distribution history available.

AAPB vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AAPB 42.5%OKTG No data
Return per unit of riskSharpe ratio, 3 years
AAPB 0.83OKTG No data
Worst fallMax drawdown, 5 years
AAPB −58.1%since Aug 2022OKTG No data
Market sensitivityBeta, 5 years
AAPB 1.82OKTG 2.39

Popular comparisons

  • AAPBBvsTSMGA

    GraniteShares 2x Long AAPL Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.21% · 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.

  • AAPBBvsUNHGA

    GraniteShares 2x Long AAPL Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.21% · 0.77%
    Category
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  • 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.

  • AAPBBvsPANGA

    GraniteShares 2x Long AAPL Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.21% · 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.