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HIMZ vs OKTG

Daily Target 2X Long HIMS ETF

HIMZDNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

0.0%by weight

Expense ratio

OKTG −0.58pt a year

HIMZ1.33%OKTG0.75%

Avg volume · 30D

HIMZ 9.2×the volume

HIMZ353KOKTG38.5K

HIMZ vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

−72.5%HIMZ+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. HIMZ −72.5%. OKTG +247.6%. Use the arrow keys to read each point.0%100%300%Dec 2025Jun 2026Oct 2026
Expense ratio
HIMZ 1.33%
OKTG 0.75%, better
Fund size
HIMZ $52M
OKTG $8M
1Y total return
HIMZ −87.4%
OKTG No data
Holdings
HIMZ 10
OKTG 5
Avg volume (30D)
HIMZ 353K sh, better
OKTG 38.5K sh
NAV per share
HIMZ $22.37
OKTG $53.95
52W range

ETF.net Grade

HIMZ: Cost 22, Risk 35, Mission 99, Tradability 69, Holdings not scored, Durability 76. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for HIMZ, OKTG, with each pillar’s weight
PillarHIMZOKTG
Cost30% weightF22A70Higher
Mission25% weightA99HigherA94
Risk15% weightD35A76Higher
Tradability15% weightB69A73Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA76HigherC51

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. HIMZ 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 HIMZ 249th 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 249DAPPXTradr 2X Long APP Daily ETFScore 39
  6. Rank 249DHIMZDaily Target 2X Long HIMS ETFScore 39
  7. Rank 249CRBLUT-Rex 2X Long RBLX Daily Target ETFScore 39

Our read on each fund

ETF.net Research

HIMZDDaily Target 2X Long HIMS ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

HIMZ Two times the daily move in Hims & Hers, wrapped in one ticker. Defiance builds it with swaps and options and resets it every day, so it's a one-session tool, and the 1.33% fee (no waiver) sits above 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

HIMZ The Fund seeks 2x the daily percentage change in Hims & Hers Health Inc.'s share price before fees and expenses. It uses swaps and/or listed options and targets this result only for a single trading day.

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

  • HIMZ Does one thing on purpose: targets 2x the daily percentage change in HIMS before fees, using swaps and listed options, for a single trading day.defianceetfs.com
  • Day-to-day results have lined up closely with that stated 2x target, which is the entire job of a daily-reset fund.
  • Listed in March 2025 and moderately traded since, so there's an operating history and a working two-way market behind the ticker, not a day-one listing.
  • 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

  • HIMZ At 1.33%, with no fee waiver in place, it costs more than newer 2x single-stock funds such as TSMG (0.76%) and OKTG (0.75%), and sits above the category median.
  • The 2x target applies to one trading day only. Hold longer and your result is each day's return compounded, which can land far from 2x the period move.
  • Everything rides on one company's share price, and the measured risk record so far covers only about a year of trading.
  • 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 HIMZ profile⁠

Full OKTG profile⁠

HIMZ vs OKTG Holdings

How HIMZ and OKTG differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for OKTG.

Country, concentration and asset class

Country by domicile

Country weights in HIMZ and OKTG, widest gap first
CountryMore in HIMZMore in OKTG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • HIMZ283.9%
  • OKTG200.3%

Securities held

  • HIMZ3
  • OKTG1

Asset class

HIMZ
Equity
OKTG
Equity

Holdings

  • Only in HIMZ3
  • In both0
  • Only in OKTG1

Only in HIMZ

3 securities, 100% of HIMZ by weight

  • United States Treasury Bill 11/19/202681.33%
  • Hims & Hers Health Inc Com? Cs32.91%
  • First American Government Obligations Fund 12/01/20312.22%

Only in OKTG

1 security, 0.3% of OKTG by weight

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

Weight gaps

HIMZ and OKTG share no securities.

All 11 HIMZ 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.

HIMZ vs OKTG Cost

Overpaying HIMZ vs OKTG

$9,335

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

  • HIMZ 1.33%

    $23,817

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • HIMZ 1.33%
  • 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$20K$25K051015202530HIMZ $23,817OKTG $14,482

Year by year

YearHIMZOKTGOverpaying
10$2,313$1,336$977
20$8,564$5,078$3,486
30$23,817$14,482$9,335

Expense ratio

  • 1.33%HIMZ
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

HIMZ 248th cheapest of 315 funds

HIMZ vs OKTG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
HIMZ No data
OKTG None
Last payment
HIMZ $1.97
OKTG No data
Ex-dividend
HIMZ Dec 30, 2025
OKTG No data
Paid on
HIMZ Dec 31, 2025
OKTG No data
Frequency
HIMZ Irregular
OKTG No data

Distribution history

Per share, 2025 to 2026, same scale for both

HIMZIrregular · 1 paymentAll HIMZ payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $1.97. Use the arrow keys to read each point.$0$22026YTD
OKTGAll OKTG payments⁠

No distribution history available.

HIMZ vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
HIMZ 208.0%since Apr 2025OKTG No data
Return per unit of riskSharpe ratio, 3 years
HIMZ 0.24since Apr 2025OKTG No data
Worst fallMax drawdown, 5 years
HIMZ −98.2%since Mar 2025OKTG No data
Market sensitivityBeta, 5 years
HIMZ 4.11OKTG 2.39

Popular comparisons

  • HIMZDvsTSMGA

    Daily Target 2X Long HIMS ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.33% · 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
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  • HIMZDvsUNHGA

    Daily Target 2X Long HIMS ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.33% · 0.77%
    Category
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  • 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.

  • HIMZDvsPANGA

    Daily Target 2X Long HIMS ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.33% · 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.