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IREG vs OKTG

Leverage Shares 2x Long IREN Daily ETF

IREGBNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

IREG0.75%OKTG0.75%

Avg volume · 30D

IREG 33.2×the volume

IREG1.28MOKTG38.5K

IREG vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

−85.8%IREG+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. IREG −85.8%. OKTG +247.6%. Use the arrow keys to read each point.0%100%300%Dec 2025Jun 2026Oct 2026
Expense ratio
IREG 0.75%
OKTG 0.75%
Fund size
IREG $18M
OKTG $8M
Holdings
IREG 5
OKTG 5
Avg volume (30D)
IREG 1.28M sh, better
OKTG 38.5K sh
NAV per share
IREG $2.34
OKTG $53.95
52W range

ETF.net Grade

IREG: Cost 70, Risk 31, Mission 87, Tradability 75, Holdings not scored, Durability 55. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for IREG, OKTG, with each pillar’s weight
PillarIREGOKTG
Cost30% weightA70A70
Mission25% weightA87A94Higher
Risk15% weightD31A76Higher
Tradability15% weightA75HigherA73
Holdings10% weightNot scoredNot scored
Durability5% weightB55HigherC51

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. IREG 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 IREG 37th 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 37BCRWGLeverage Shares 2x Long CRWV Daily ETFScore 60
  6. Rank 37BIREGLeverage Shares 2x Long IREN Daily ETFScore 60
  7. Rank 37BMETUDirexion Daily META Bull 2X ETFScore 60

Our read on each fund

ETF.net Research

IREGBLeverage Shares 2x Long IREN Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

IREG A 2x daily swing at a single stock, priced like an index fund. IREG aims to deliver twice IREN Limited's daily move for 0.75% a year, roughly half what the other leveraged IREN ETF charges.

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

IREG The fund seeks to deliver twice the daily performance of IREN Limited 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

  • IREG 0.75% a year, against 1.31% for the only other 2x IREN ETF (IRE), and cheaper than the typical leveraged single-stock fund.leverageshares.com
  • Has hewed closely to its stated job of doubling IREN's daily move, one of the stronger implementations in the leveraged single-stock bull crowd.
  • Standard 1940 Act ETF wrapper: leveraged exposure through an ordinary brokerage ticket, no margin account, options approval or K-1 paperwork.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

  • IREG The 2x resets every day. Hold past a single session and compounding takes over, so multi-day results can drift far from twice IREN's move, especially in choppy tape.leverageshares.com
  • Leverage points both ways: a rough day in IREN lands about twice as hard here, before fees.leverageshares.com
  • One company, no diversification, and a track record that only starts in December 2025.
  • 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 IREG profile⁠

Full OKTG profile⁠

IREG 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.

IREG vs OKTG Cost

Same expense ratio

$14,482

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

  • IREG 0.75%

    $14,482

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • IREG 0.75%
  • OKTG 0.75%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530IREG $14,482OKTG $14,482

Year by year

YearIREGOKTG
10$1,336$1,336
20$5,078$5,078
30$14,482$14,482

Expense ratio

  • 0.75%IREG
  • 0.75%OKTG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

IREG 87th cheapest of 315 funds

OKTG 87th cheapest of 315 funds

IREG vs OKTG Dividends

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

Distribution history

IREGAll IREG payments⁠

No distribution history available.

OKTGAll OKTG payments⁠

No distribution history available.

IREG vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
IREG 8.86OKTG 2.39

Popular comparisons

  • IREGBvsTSMGA

    Leverage Shares 2x Long IREN 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.

  • 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.

  • IREGBvsUNHGA

    Leverage Shares 2x Long IREN 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.

  • 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.

  • IREGBvsPANGA

    Leverage Shares 2x Long IREN 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.

  • 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.