LNOK vs OKTG

LNOKCDaily Target 2X Long NOK ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

LNOK The first 2x daily long ETF on Nokia, a 5G and network-gear name in a field crowded with AI chip tickers. Swaps plus short-dated options, reset every day, 1.30% a year, no margin account to open.

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

LNOK The fund seeks leveraged long exposure to NOK, targeting twice the underlying's daily performance.

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

• LNOK The original Nokia leverage play: Defiance launched it in January 2026 as the first daily 2X long ETF on Nokia Oyj, so the exposure is a one-ticker trade instead of a margin account and borrowed shares.globenewswire.comdefianceetfs.com
• Mechanically plain: it aims for 200% of the daily percentage change in Nokia's ADR share price, using swap agreements and options contracts rather than an index.globenewswire.com
• A telecom-infrastructure target in a category stacked with semis and megacaps, and it rates in the upper half of that several-hundred-fund bull-leverage group.defianceetfs.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

• LNOK The leverage resets daily. Hold longer than a day and returns compound, so the result can drift well away from 2x Nokia's move over that stretch, most of all in choppy markets.globenewswire.com
• Cost sits above the category median: 1.30% a year, with no waiver in place, versus 0.76% at TSMG and 0.75% at OKTG, two of the best-rated 2x single-stock funds, also unwaived.
• Everything rides on one company's stock, delivered synthetically through swap counterparties, and this is a small fund with a short track record behind it.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 LNOK profile⁠

Full OKTG profile⁠