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ANEL vs OKTG

Defiance Daily Target 2X Long ANET ETF

ANELCNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.70pt a year

ANEL1.45%OKTG0.75%

Avg volume · 30D

ANEL 6.3×the volume

ANEL241KOKTG38.5K

ANEL vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

+10.5%ANEL+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. ANEL +10.5%. OKTG +247.6%. Use the arrow keys to read each point.100%200%300%Dec 2025Jun 2026Oct 2026
Expense ratio
ANEL 1.45%
OKTG 0.75%, better
Fund size
ANEL $10M
OKTG $8M
1Y total return
ANEL −27.7%
OKTG No data
Holdings
ANEL 8
OKTG 5
Avg volume (30D)
ANEL 241K sh, better
OKTG 38.5K sh
NAV per share
ANEL $17.98
OKTG $53.95
52W range

ETF.net Grade

ANEL: Cost 19, Risk 70, Mission 95, Tradability 65, Holdings not scored, Durability 64. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for ANEL, OKTG, with each pillar’s weight
PillarANELOKTG
Cost30% weightF19A70Higher
Mission25% weightA95HigherA94
Risk15% weightA70A76Higher
Tradability15% weightB65A73Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB64HigherC51

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. ANEL 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 ANEL 109th 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 102CNOWLGraniteShares 2x Long NOW Daily ETFScore 45
  6. Rank 109CANELDefiance Daily Target 2X Long ANET ETFScore 44
  7. Rank 109CORCXDaily Target 2X Long ORCL ETFScore 44

Our read on each fund

ETF.net Research

ANELCDefiance Daily Target 2X Long ANET ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

ANEL Geared Arista Networks in one ticker: ANEL targets 200% of ANET's daily move via swaps, no margin account needed. A one-day trading tool carrying a 1.45% fee with no waiver, above what rival 2x funds charge.

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

ANEL The fund seeks two times the daily return of Arista Networks, Inc. before fees and expenses, using a single-day leveraged strategy rather than targeting results over longer 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

  • ANEL Two times ANET's daily move before fees and expenses, through swap agreements. Geared exposure inside a cash brokerage account, no margin account or options approval required.defianceetfs.com
  • It has stayed close to its stated 2x daily target, the core job of a geared fund, and ranks in the upper half of a crowded single-stock leveraged field.
  • A single-ticker way to trade Arista, the cloud and AI data-center networking supplier, with the swing doubled in whichever direction the stock moves that day.defianceetfs.com
  • 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

  • ANEL The 1.45% fee, with no waiver in place, sits above the category median and above 2x peers such as TSMG (0.76%) and OKTG (0.75%), neither of which waives fees.
  • The 2x target resets daily. Hold longer and compounding can push results well away from twice ANET's move over that stretch, especially in choppy markets.defianceetfs.com
  • One company carries the whole fund, so a single earnings report or guidance cut moves it twice as hard. It is also small and young, launched in 2025.
  • 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 ANEL profile⁠

Full OKTG profile⁠

ANEL 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.

ANEL vs OKTG Cost

Overpaying ANEL vs OKTG

$11,088

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

  • ANEL 1.45%

    $25,570

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • ANEL 1.45%
  • OKTG 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530ANEL $25,570OKTG $14,482

Year by year

YearANELOKTGOverpaying
10$2,509$1,336$1,173
20$9,241$5,078$4,163
30$25,570$14,482$11,088

Expense ratio

  • 1.45%ANEL
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

ANEL 260th cheapest of 315 funds

ANEL vs OKTG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
ANEL None
OKTG None

Distribution history

ANELAll ANEL payments⁠

No distribution history available.

OKTGAll OKTG payments⁠

No distribution history available.

ANEL vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ANEL 112.4%since Oct 2025OKTG No data
Return per unit of riskSharpe ratio, 3 years
ANEL 0.23since Oct 2025OKTG No data
Worst fallMax drawdown, 5 years
ANEL −56.5%since Sep 2025OKTG No data
Market sensitivityBeta, 5 years
ANEL 6.04OKTG 2.39

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