FNG vs OKTG

FNGCLeverage Shares 2x Long FN Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

FNG Single-stock leverage usually aims at mega-caps. FNG points at Fabrinet, the optical-packaging specialist that assembles fiber-optic gear for data centers, and targets 2x its daily move. A trading tool, reset every session.

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

FNG The fund seeks daily returns, before fees and expenses, equal to 200% of the daily performance of FN.

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

• FNG Targets 200% of Fabrinet's daily move, reset each session. Simple math on one day of price action, no basket to unpack.leverageshares.com
• A 0.99% expense ratio, below the typical fee among 2x single-stock funds.
• Fabrinet does optical packaging and precision assembly for communications gear, lasers and sensors, well off the mega-cap path most single-stock leverage takes.fabrinet.com
• A registered 1940 Act fund: the leverage lives inside the ETF, not in a margin account you have to manage.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

• FNG The daily reset makes path matter. Hold past one session and each day compounds on the last, so choppy stretches can land far from 2x the period's move.leverageshares.com
• One stock, doubled. A single earnings print or customer shift at Fabrinet drives the whole ride, with no diversification to soften it.leverageshares.com
• Small, moderately traded and launched in 2026, with no regular distributions. Worth checking spreads before you trade.

• 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 FNG profile⁠

Full OKTG profile⁠