ARMW vs OKTG

ARMWBRoundhill ARM WeeklyPay ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

ARMW No sold calls here. ARMW uses swaps to target 1.2x Arm Holdings' calendar-week total return and pays shareholders every week, resetting its exposure at the final close of each week. Fee: 1.00%, with no waiver.

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

ARMW The fund seeks weekly shareholder distributions and, as a secondary objective, calendar-week returns before fees and expenses equal to 1.2 times Arm Holdings plc common shares' calendar-week total return.

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

• ARMW It writes no options. The fund targets 1.2x Arm's weekly total return through swaps, so the upside isn't capped the way a covered-call income fund's is.roundhillinvestments.com
• Leverage resets at the close of the last trading day of each calendar week, so the compounding math runs off weekly moves, not daily ones.sec.gov
• Distributions land weekly, sized by a formula that reads Arm's recent total return and implied volatility rather than option premium collected.sec.gov
• Sits in the top tier of a crowded single-stock leverage group, with an actively managed structure built around the 1.2x weekly mandate in its prospectus.

• 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

• ARMW 1.00% a year, no waiver, and near the going rate for leveraged single-stock funds. ARMG, which also references Arm, charges 0.78%.
• The payout formula moves with Arm's recent return and implied volatility, so the weekly amount is variable by design, not a fixed rate.sec.gov
• One chip-design company, geared 1.2x. The prospectus says it is not meant for investors seeking daily exposure, and the fund only launched in 2025.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 ARMW profile⁠

Full OKTG profile⁠