MPG vs OKTG

MPGCLeverage Shares 2x Long MP Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

MPG Two times the daily move of MP Materials, owner of Mountain Pass, North America's only active, scaled rare earth site. A supply-chain trade with the volume turned up, at 0.76% a year with no waiver propping up the number.

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

MPG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of MP Materials Corp. stock (MP).

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

• MPG 0.76% a year, gross and net identical, no fee waiver doing the work, and below the typical fee in the single-stock leveraged crowd.
• One holding, one job: 200% of MP Materials' daily move, the US rare earth magnet story with leverage attached.mpmaterials.com
• Trades like a stock: no margin account, no margin calls, and exposure limited to what you put in, per the issuer factsheet.leverageshares.com
• Day to day, results have hugged the stated 2x target closely, which is the whole point of a daily-reset product.

• 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

• MPG The 2x resets daily. Hold for weeks and compounding takes the wheel; choppy stretches can leave you short of 2x the stock's move.leverageshares.com
• One company, no diversification. MP Materials swings hard on policy and rare earth headlines, and this doubles those swings both ways.mpmaterials.com
• Launched in 2025 and still a small fund with moderate volume, so spreads can run wider than on the category's giants.

• 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 MPG profile⁠

Full OKTG profile⁠