Skip to content
etf.net

ARMG vs OKTG

Leverage Shares 2x Long ARM Daily ETF

ARMGBNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.03pt a year

ARMG0.78%OKTG0.75%

Avg volume · 30D

ARMG 26.7×the volume

ARMG1.03MOKTG38.5K

ARMG vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

+74.2%ARMG+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. ARMG +74.2%. OKTG +247.6%. Use the arrow keys to read each point.400%600%800%1,000%Dec 2025Jun 2026Oct 2026
Expense ratio
ARMG 0.78%
OKTG 0.75%, better
Fund size
ARMG $51M
OKTG $8M
1Y total return
ARMG −30.9%
OKTG No data
Holdings
ARMG 5
OKTG 5
Avg volume (30D)
ARMG 1.03M sh, better
OKTG 38.5K sh
NAV per share
ARMG $9.96
OKTG $53.95
52W range

ETF.net Grade

ARMG: Cost 60, Risk 52, Mission 100, Tradability 89, Holdings not scored, Durability 69. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for ARMG, OKTG, with each pillar’s weight
PillarARMGOKTG
Cost30% weightB60A70Higher
Mission25% weightA100HigherA94
Risk15% weightC52A76Higher
Tradability15% weightA89HigherA73
Holdings10% weightNot scoredNot scored
Durability5% weightB69HigherC51

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. ARMG 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 ARMG 18th 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 15BSNDGLeverage Shares 2X Long SNDK Daily ETFScore 66
  6. Rank 18BARMGLeverage Shares 2x Long ARM Daily ETFScore 65
  7. Rank 18BBEGLeverage Shares 2x Long BE Daily ETFScore 65

Our read on each fund

ETF.net Research

ARMGBLeverage Shares 2x Long ARM Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

ARMG Arm Holdings, doubled by the day. ARMG aims for 200% of ARM's daily move, resets every night, and charges 0.78% a year, below the typical fee in the single-stock leveraged crowd.

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

ARMG The fund seeks daily investment results equal to 200% of the daily performance of Arm Holdings plc stock, before fees and expenses.

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

  • ARMG Fee is 0.78% with no waiver holding it down, so the number shouldn't move. That undercuts the rival 2x ARM fund (ARMW, 1.00%) and sits below the category's typical charge.
  • It has tracked its stated 2x daily objective tightly, one of the stronger implementations in a category stuffed with hundreds of single-stock leveraged funds.
  • The leverage lives inside the fund: no margin account, no margin calls, and losses stop at the amount invested, per the issuer's fund summary.leverageshares.com
  • Actively traded on Nasdaq since its January 2025 launch, which matters for a product built to be bought and sold inside a single session.leverageshares.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

  • ARMG The 2x target applies to one trading day. Hold longer and each day's return compounds: a choppy ARM that ends where it started can still leave the fund behind.sec.gov
  • The math cuts both ways at speed. Per the issuer, an ARM drop of more than 50% in one session would wipe out the full value of an investment.leverageshares.com
  • Everything rides on one chip-design company. The fund is non-diversified, so an ARM earnings gap or licensing headline lands here at double size.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 ARMG profile⁠

Full OKTG profile⁠

ARMG 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.

ARMG vs OKTG Cost

Overpaying ARMG vs OKTG

$520

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

  • ARMG 0.78%

    $15,002

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • ARMG 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$20K051015202530ARMG $15,002OKTG $14,482

Year by year

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

Expense ratio

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

OKTG 87th cheapest of 315 funds

ARMG 142nd cheapest of 315 funds

ARMG vs OKTG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ARMGIrregular · 1 paymentAll ARMG 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.

ARMG vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ARMG 175.0%since Feb 2025OKTG No data
Return per unit of riskSharpe ratio, 3 years
ARMG 0.47since Feb 2025OKTG No data
Worst fallMax drawdown, 5 years
ARMG −84.1%since Jan 2025OKTG No data
Market sensitivityBeta, 5 years
ARMG 6.89OKTG 2.39

Popular comparisons

  • ARMGBvsTSMGA

    Leverage Shares 2x Long ARM 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.

  • ARMGBvsUNHGA

    Leverage Shares 2x Long ARM 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.

  • ARMGBvsPANGA

    Leverage Shares 2x Long ARM 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.