Skip to content
etf.net

DRAL vs OKTG

Defiance Daily Target 2X Long DRAM ETF

DRALBCboe

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

0.0%by weight

Expense ratio

DRAL −0.04pt a year

DRAL0.71%OKTG0.75%

Avg volume · 30D

DRAL 8.0×the volume

DRAL307KOKTG38.5K

DRAL vs OKTG Performance

Jul 31, 2026 – Oct 30, 2026

−22.1%DRAL+79.7%OKTG

Jul 31, 2026 to Oct 30, 2026. DRAL −22.1%. OKTG +79.7%. Use the arrow keys to read each point.0%25%50%100%125%Jul 2026Sep 2026Oct 2026
Expense ratio
DRAL 0.71%, better
OKTG 0.75%
Fund size
DRAL $10M
OKTG $8M
Holdings
DRAL 7
OKTG 5
Avg volume (30D)
DRAL 307K sh, better
OKTG 38.5K sh
NAV per share
DRAL $6.86
OKTG $53.95
52W range

ETF.net Grade

DRAL: Cost 78, Risk 37, Mission not scored, Tradability 48, Holdings not scored, Durability 54. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for DRAL, OKTG, with each pillar’s weight
PillarDRALOKTG
Cost30% weightA78HigherA70
Mission25% weightNot scoredA94
Risk15% weightD37A76Higher
Tradability15% weightC48A73Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC54HigherC51

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. DRAL 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 DRAL 44th 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 44BCIEGLeverage Shares 2X Long CIEN Daily ETFScore 59
  6. Rank 44BDRALDefiance Daily Target 2X Long DRAM ETFScore 59
  7. Rank 44BFBLGraniteShares 2x Long META Daily ETFScore 59

Our read on each fund

ETF.net Research

DRALBDefiance Daily Target 2X Long DRAM ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

DRAL No data

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

DRAL No data

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

DRAL No data

  • 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

DRAL No data

  • 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 DRAL profile⁠

Full OKTG profile⁠

DRAL vs OKTG Holdings

How DRAL and OKTG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DRAL and 0.0% of OKTG.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for DRAL and OKTG.

Country, concentration and asset class

Country by domicile

Country weights in DRAL and OKTG, widest gap first
CountryMore in DRALMore in OKTG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • DRAL237.6%
  • OKTG200.3%

Securities held

  • DRAL2
  • OKTG1

Asset class

DRAL
Equity
OKTG
Equity

Holdings

  • Only in DRAL2
  • In both0
  • Only in OKTG1

Only in DRAL

2 securities, 37.3% of DRAL by weight

  • United States Treasury Bill 11/19/202629.94%
  • First American Government Obligations Fund 12/01/20317.36%

Only in OKTG

1 security, 0.3% of OKTG by weight

  • First American Treasury Obligations Fund 01/01/20400.32%

Weight gaps

DRAL and OKTG share no securities.

All 8 DRAL holdings⁠All 6 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.

DRAL vs OKTG Cost

Overpaying OKTG vs DRAL

$700

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

  • DRAL 0.71%

    $13,782

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • DRAL 0.71%
  • 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$15K051015202530OKTG $14,482DRAL $13,782

Year by year

YearDRALOKTGOverpaying
10$1,267$1,336$69
20$4,824$5,078$254
30$13,782$14,482$700

Expense ratio

  • 0.71%DRAL, cheaper
  • 0.75%OKTG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

DRAL 86th cheapest of 315 funds

OKTG 87th cheapest of 315 funds

DRAL vs OKTG Dividends

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

Distribution history

DRALAll DRAL payments⁠

No distribution history available.

OKTGAll OKTG payments⁠

No distribution history available.

DRAL vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
DRAL 0.00OKTG 2.39

DRAL and OKTG in the news

All news⁠

Popular comparisons

  • DRALBvsTSMGA

    Defiance Daily Target 2X Long DRAM ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.71% · 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.

  • DRALBvsUNHGA

    Defiance Daily Target 2X Long DRAM ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.71% · 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.

  • DRALBvsPANGA

    Defiance Daily Target 2X Long DRAM ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.71% · 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.