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APPX vs OKTG

Tradr 2X Long APP Daily ETF

APPXDNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.61pt a year

APPX1.36%OKTG0.75%

Avg volume · 30D

APPX 32.1×the volume

APPX1.23MOKTG38.5K

APPX vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

−93.9%APPX+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. APPX −93.9%. OKTG +247.6%. Use the arrow keys to read each point.0%100%300%Dec 2025Jun 2026Oct 2026
Expense ratio
APPX 1.36%
OKTG 0.75%, better
Fund size
APPX $48M
OKTG $8M
1Y total return
APPX −93.6%
OKTG No data
Holdings
APPX 1
OKTG 5
Avg volume (30D)
APPX 1.23M sh, better
OKTG 38.5K sh
NAV per share
APPX $6.44
OKTG $53.95
52W range

ETF.net Grade

APPX: Cost 21, Risk 26, Mission 95, Tradability 80, Holdings 39, Durability 70. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for APPX, OKTG, with each pillar’s weight
PillarAPPXOKTG
Cost30% weightF21A70Higher
Mission25% weightA95HigherA94
Risk15% weightD26A76Higher
Tradability15% weightA80HigherA73
Holdings10% weightD39Not scored
Durability5% weightA70HigherC51

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. APPX 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 APPX 249th 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 123CXYZGLeverage Shares 2x Long XYZ Daily ETFScore 40
  6. Rank 249DAPPXTradr 2X Long APP Daily ETFScore 39
  7. Rank 249DHIMZDaily Target 2X Long HIMS ETFScore 39

Our read on each fund

ETF.net Research

APPXDTradr 2X Long APP Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

APPX One stock, one day, double the move. APPX aims for 200% of AppLovin's daily return and has tracked that target closely. The trade-off: 1.36% a year, above what most rival 2x single-stock 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

APPX Seeks daily, before-fee-and-expense results equal to 200% of the daily performance of AppLovin Corp. common shares.

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

  • APPX Does exactly one thing: targets 200% of AppLovin's daily move before fees, and day to day it has landed close to that mark.tradretfs.com
  • Volume and spreads put it among the easier names to get in and out of in a crowded field of roughly 380 leveraged single-stock funds.
  • Against that same peer group the overall build lands in the upper half: solid on the mechanics, with price the main thing holding it back.
  • 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

  • APPX At 1.36% with no fee waiver, it is pricier than 2x peers like TSMG at 0.76% and OKTG at 0.75%, also unwaived. Financing costs for the leverage sit on top of that.
  • Leverage resets daily. Hold longer than a day and compounding takes over, so multi-day results can diverge from 2x the stock's move over the same stretch.tradretfs.com
  • One ticker, doubled, trading since April 2025. No diversification cushion, and only a short history to judge the fund by.nasdaq.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 APPX profile⁠

Full OKTG profile⁠

APPX 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.

APPX vs OKTG Cost

Overpaying APPX vs OKTG

$9,778

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

  • APPX 1.36%

    $24,260

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • APPX 1.36%
  • 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$25K051015202530APPX $24,260OKTG $14,482

Year by year

YearAPPXOKTGOverpaying
10$2,362$1,336$1,026
20$8,735$5,078$3,657
30$24,260$14,482$9,778

Expense ratio

  • 1.36%APPX
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

APPX 254th cheapest of 315 funds

APPX vs OKTG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
APPX No data
OKTG None
Last payment
APPX $9.98
OKTG No data
Ex-dividend
APPX Dec 26, 2025
OKTG No data
Paid on
APPX Dec 30, 2025
OKTG No data
Frequency
APPX Irregular
OKTG No data

Distribution history

Per share, 2025 to 2026, same scale for both

APPXIrregular · 1 paymentAll APPX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 26, 2025 $9.98. Use the arrow keys to read each point.$0$102026YTD
OKTGAll OKTG payments⁠

No distribution history available.

APPX vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
APPX 180.3%since May 2025OKTG No data
Return per unit of riskSharpe ratio, 3 years
APPX 0.22since May 2025OKTG No data
Worst fallMax drawdown, 5 years
APPX −95.3%since Apr 2025OKTG No data
Market sensitivityBeta, 5 years
APPX 7.24OKTG 2.39

Popular comparisons

  • APPXDvsTSMGA

    Tradr 2X Long APP Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.36% · 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.

  • APPXDvsUNHGA

    Tradr 2X Long APP Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.36% · 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.

  • APPXDvsPANGA

    Tradr 2X Long APP Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.36% · 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.