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AAPX vs OKTG

T-REX 2X Long Apple Daily Target ETF

AAPXBCboe

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.30pt a year

AAPX1.05%OKTG0.75%

Avg volume · 30D

AAPX 1.4×the volume

AAPX54.9KOKTG38.5K

AAPX vs OKTG Performance

Dec 31, 2025 – Nov 2, 2026

+33.7%AAPX+170.5%OKTG

Dec 31, 2025 to Nov 2, 2026. AAPX +33.7%. OKTG +170.5%. Use the arrow keys to read each point.100%300%Dec 2025Jun 2026Nov 2026
Expense ratio
AAPX 1.05%
OKTG 0.75%, better
Fund size
AAPX $8M
OKTG $8M
1Y total return
AAPX +31.3%
OKTG No data
Yield (12M)
AAPX 0.50%
OKTG No data
Holdings
AAPX 2
OKTG 6
Avg volume (30D)
AAPX 54.9K sh, better
OKTG 38.5K sh
NAV per share
AAPX $42.31
OKTG $53.95
52W range

ETF.net Grade

AAPX: Cost 42, Risk 79, Mission 90, Tradability 55, Holdings not scored, Durability 66. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for AAPX, OKTG, with each pillar’s weight
PillarAAPXOKTG
Cost30% weightC42A70Higher
Mission25% weightA90A94Higher
Risk15% weightA79HigherA76
Tradability15% weightB55A73Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherC51

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. AAPX 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 AAPX 69th 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 62BUSGGLeverage Shares 2X Long USAR Daily ETFScore 56
  6. Rank 69BAAPXT-REX 2X Long Apple Daily Target ETFScore 55
  7. Rank 69BCSCLDirexion Daily CSCO Bull 2X ETFScore 55

Our read on each fund

ETF.net Research

AAPXBT-REX 2X Long Apple Daily Target ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

AAPX One of only two US ETFs built to double Apple's daily move, and the challenger rather than the incumbent. This is a one-day instrument: 200% of AAPL before fees, reset at every close.

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

AAPX The Fund seeks daily investment results, before fees and expenses, equal to 200% of Apple common-stock performance. Its objective applies for a single trading day rather than longer holding periods.

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

  • AAPX Does one job and states it plainly: 200% of Apple's daily stock move before fees and expenses. It has stayed close to that daily target since launching in January 2024.
  • Standing is strong: one of the better-executed products in a crowded field of leveraged single-stock bull funds.
  • Registered under the 1940 Act, so amplified Apple exposure arrives in a standard ETF wrapper with no margin account or options approval on your end.
  • 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

  • AAPX The daily reset compounds. Hold past a single session and the result can diverge from twice Apple's move over that stretch, in either direction.
  • One company, doubled. Apple news lands with twice the force, and there is nothing else in the portfolio to soften it.
  • Fees run 1.05% a year against 0.96% at AAPU, the other 2x Apple fund. It is also a smaller, moderately traded fund, so limit orders earn their keep.
  • 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 AAPX profile⁠

Full OKTG profile⁠

AAPX 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.

AAPX vs OKTG Cost

Overpaying AAPX vs OKTG

$5,013

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

  • AAPX 1.05%

    $19,495

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • AAPX 1.05%
  • 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$20K051015202530AAPX $19,495OKTG $14,482

Year by year

YearAAPXOKTGOverpaying
10$1,847$1,336$511
20$6,927$5,078$1,849
30$19,495$14,482$5,013

Expense ratio

  • 1.05%AAPX
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

AAPX 201st cheapest of 315 funds

AAPX vs OKTG Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AAPX 0.50%
OKTG No data
Payout (12M)
AAPX $0.20
OKTG None
Last payment
AAPX $0.20
OKTG No data
Ex-dividend
AAPX Dec 24, 2025
OKTG No data
Paid on
AAPX Dec 26, 2025
OKTG No data
Frequency
AAPX Annual
OKTG No data

Distribution history

Per share, 2024 to 2026, same scale for both

AAPXAnnual · 2 paymentsAll AAPX payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $6.93; Dec 24, 2025 $0.20. Use the arrow keys to read each point.$0$52026YTD
OKTGAll OKTG payments⁠

No distribution history available.

AAPX vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AAPX 42.8%since Feb 2024OKTG No data
Return per unit of riskSharpe ratio, 3 years
AAPX 0.73since Feb 2024OKTG No data
Worst fallMax drawdown, 5 years
AAPX −58.5%since Jan 2024OKTG No data
Market sensitivityBeta, 5 years
AAPX 1.72OKTG 2.39

Popular comparisons

  • AAPXBvsTSMGA

    T-REX 2X Long Apple Daily Target ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.05% · 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.

  • AAPXBvsUNHGA

    T-REX 2X Long Apple Daily Target ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.05% · 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.

  • AAPXBvsPANGA

    T-REX 2X Long Apple Daily Target ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.05% · 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.