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CRCG vs OKTG

Leverage Shares 2x Long CRCL Daily ETF

CRCGBNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.03pt a year

CRCG0.78%OKTG0.75%

Avg volume · 30D

CRCG 85.8×the volume

CRCG3.24MOKTG37.8K

CRCG vs OKTG Performance

Dec 31, 2025 – Nov 9, 2026

−71.5%CRCG+144.2%OKTG

Dec 31, 2025 to Nov 9, 2026. CRCG −71.5%. OKTG +144.2%. Use the arrow keys to read each point.0%200%300%Dec 2025Jun 2026Nov 2026
Expense ratio
CRCG 0.78%
OKTG 0.75%, better
Fund size
CRCG $76M
OKTG $5M
1Y total return
CRCG −85.1%
OKTG No data
Holdings
CRCG 7
OKTG 6
Avg volume (30D)
CRCG 3.24M sh, better
OKTG 37.8K sh
NAV per share
CRCG $7.50
OKTG $34.20
52W range

ETF.net Grade

CRCG: Cost 61, Risk 44, Mission 96, Tradability 89, Holdings not scored, Durability 66. OKTG: Cost 70, Risk 78, Mission 95, Tradability 69, Holdings not scored, Durability 50.
Pillar letters and Scores for CRCG, OKTG, with each pillar’s weight
PillarCRCGOKTG
Cost30% weightB61A70Higher
Mission25% weightA96HigherA95
Risk15% weightC44A78Higher
Tradability15% weightA89HigherB69
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherC50

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. CRCG and OKTG are both graded against the same 312 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 312 funds
See all 312 ›

OKTG ranks 3rd and CRCG 26th of 312 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1AUNHGLeverage Shares 2x Long UNH Daily ETFScore 74
  2. Rank 2ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  3. Rank 3ACOTGLeverage Shares 2X Long COST Daily ETFScore 70
  4. Rank 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
  5. Rank 3APANGLeverage Shares 2x Long PANW Daily ETFScore 70
  6. Rank 26CBIDGLeverage Shares 2X Long BIDU Daily ETFScore 63
  7. Rank 26BCRCGLeverage Shares 2x Long CRCL Daily ETFScore 63
  8. Rank 26BMSFUDirexion Daily MSFT Bull 2X SharesScore 63

Our read on each fund

ETF.net Research

CRCGBLeverage Shares 2x Long CRCL Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

CRCG Two times the daily move in Circle, the listed issuer of the USDC stablecoin, wrapped as a regular ETF: no margin account, no margin calls. The fee runs 0.78%, under the single-stock leverage 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

CRCG The fund seeks daily investment results equal to 200% of the daily performance of Circle 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

  • CRCG 0.78% a year, below the typical single-stock leveraged fund and in line with Leverage Shares siblings TSMG (0.76%) and UNHG (0.77%). No fee waiver propping that number up.
  • Hews closely to its stated 200% daily target, one of the tighter implementations among the hundreds of leveraged single-stock funds.
  • A 1940 Act fund using swaps: issuer materials cite no margin calls and losses capped at the amount invested, unlike running the same bet in a margin account.leverageshares.com
  • Trades actively through the session, which matters for a tool built to be used in short stretches.
  • 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

  • CRCG Leverage resets every day. Hold through choppy weeks and the result can wander well away from double Circle's move over that stretch.leverageshares.comleverageshares.com 2
  • One stock, doubled, and a young one: Circle listed in June 2025, so there is little history on how wide its swings run. Sits at the volatile end of the ETF universe.cnbc.com
  • Not an income vehicle: no distributions paid, and the fund itself only launched in August 2025.globenewswire.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 CRCG profile⁠

Full OKTG profile⁠

CRCG 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.

CRCG vs OKTG Cost

Overpaying CRCG vs OKTG

$520

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

  • CRCG 0.78%

    $15,002

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • CRCG 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$20K051015202530CRCG $15,002OKTG $14,482

Year by year

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

Expense ratio

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

OKTG 87th cheapest of 312 funds

CRCG 142nd cheapest of 312 funds

CRCG vs OKTG Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
CRCG None
OKTG None

Distribution history

CRCGAll CRCG payments⁠

No distribution history available.

OKTGAll OKTG payments⁠

No distribution history available.

CRCG vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRCG 169.7%since Sep 2025OKTG No data
Return per unit of riskSharpe ratio, 3 years
CRCG −0.36since Sep 2025OKTG No data
Worst fallMax drawdown, 5 years
CRCG −95.3%since Aug 2025OKTG No data
Market sensitivityBeta, 5 years
CRCG 0.39OKTG 2.39

Popular comparisons

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    Leverage Shares 2x Long CRCL Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
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    Category
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  • OKTGAvsUNHGA

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  • OKTGAvsTSMGA

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