LUNL vs OKTG

LUNLDDaily Target 2X Long LUNR ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

LUNL A 2x daily lever on Intuitive Machines, the lunar-lander company. Defiance billed it as the first leveraged ETF on LUNR, and the leverage resets every session, so it is a day-trade tool rather than a buy-and-forget moon bet.

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

LUNL Seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Intuitive Machines, Inc.; the Fund is intended for single‐day (daily) use.

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

• LUNL Defiance launched it in January 2026 as the first 2x daily ETF on Intuitive Machines, so the trade needs no margin account and no options chain.yahoo.com
• One job: 200% of LUNR's daily move, before fees and expenses. No basket, no index committee, nothing else in the box.defianceetfs.com
• It has stayed close to its stated 2x daily mark, and it trades actively enough for traders to get in and out inside a session.
• The reference stock is a space infrastructure name built around lunar access and data services, a corner of the market with few leveraged wrappers.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

• LUNL The fee is 1.34%, with no waiver in place, above the norm for leveraged single-stock funds. Leverage Shares' 2x funds such as TSMG (0.76%) and OKTG (0.75%) cost less.
• Leverage resets daily. Hold past one session and the result depends on the path LUNR takes; the prospectus says the fund is intended for single-day use.
• Doubling one volatile stock cuts both ways, and the fund has not been paying distributions, so the outcome rides entirely on price.

• 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 LUNL profile⁠

Full OKTG profile⁠