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MSFL vs OKTG

GraniteShares 2x Long MSFT Daily ETF

MSFLBNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.40pt a year

MSFL1.15%OKTG0.75%

Avg volume · 30D

MSFL 36.0×the volume

MSFL1.39MOKTG38.5K

MSFL vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

−1.2%MSFL+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. MSFL −1.2%. OKTG +247.6%. Use the arrow keys to read each point.100%200%300%Dec 2025Jun 2026Oct 2026
Expense ratio
MSFL 1.15%
OKTG 0.75%, better
Fund size
MSFL $60M
OKTG $8M
1Y total return
MSFL −15.1%
OKTG No data
Holdings
MSFL 2
OKTG 5
Avg volume (30D)
MSFL 1.39M sh, better
OKTG 38.5K sh
NAV per share
MSFL $27.74
OKTG $53.95
52W range

ETF.net Grade

MSFL: Cost 38, Risk 59, Mission 80, Tradability 96, Holdings not scored, Durability 80. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for MSFL, OKTG, with each pillar’s weight
PillarMSFLOKTG
Cost30% weightD38A70Higher
Mission25% weightA80A94Higher
Risk15% weightB59A76Higher
Tradability15% weightA96HigherA73
Holdings10% weightNot scoredNot scored
Durability5% weightA80HigherC51

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. MSFL 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 MSFL 44th 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 44BHPELLeverage Shares 2X Long HPE Daily ETFScore 59
  6. Rank 44BMSFLGraniteShares 2x Long MSFT Daily ETFScore 59
  7. Rank 44BMUUDirexion Daily MU Bull 2X ETFScore 59

Our read on each fund

ETF.net Research

MSFLBGraniteShares 2x Long MSFT Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

MSFL A one-day trading tool, not a way to own Microsoft: it aims to double MSFT's daily move, then resets every evening. Costs 1.15% net of a waiver through December 31, 2026, above the category norm.

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

MSFL The Fund seeks daily results equal to twice the daily percentage change of Microsoft Corporation’s common stock before fees and expenses; it is designed for daily leveraged exposure rather than matching Microsoft’s return over longer periods.

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

  • MSFL Does the one job it claims: day to day it has tracked twice MSFT's move closely, which is the only target a daily-reset fund sets.graniteshares.com
  • Actively traded with tight on-screen pricing, so getting in and out rarely eats the trade idea itself.
  • Among the hundreds of 2x single-stock bull funds, one of the stronger implementations in the group.
  • 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

  • MSFL Hold past a day and compounding takes over: in choppy stretches it can trail twice MSFT's move, or lose ground while the stock goes nowhere.sec.gov
  • 1.15% net of a waiver through December 31, 2026 (1.30% gross), above the category median. Cheaper 2x peers exist, like OKTG at 0.75% and TSMG at 0.76%, on other stocks.
  • One company, one day at a time: no diversification cushion, and payouts are not the point of the structure.
  • 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 MSFL profile⁠

Full OKTG profile⁠

MSFL 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.

MSFL vs OKTG Cost

Overpaying MSFL vs OKTG

$6,595

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

  • MSFL 1.15%

    $21,077

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • MSFL 1.15%
  • 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$25K051015202530MSFL $21,077OKTG $14,482

Year by year

YearMSFLOKTGOverpaying
10$2,015$1,336$679
20$7,521$5,078$2,443
30$21,077$14,482$6,595

Expense ratio

  • 1.15%MSFL
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

MSFL 222nd cheapest of 315 funds

MSFL vs OKTG Dividends

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

Distribution history

MSFLAll MSFL payments⁠

No distribution history available.

OKTGAll OKTG payments⁠

No distribution history available.

MSFL vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSFL 59.5%since Apr 2024OKTG No data
Return per unit of riskSharpe ratio, 3 years
MSFL 0.24since Apr 2024OKTG No data
Worst fallMax drawdown, 5 years
MSFL −62.1%since Mar 2024OKTG No data
Market sensitivityBeta, 5 years
MSFL 3.15OKTG 2.39

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