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MSFU vs OKTG

Direxion Daily MSFT Bull 2X Shares

MSFUBNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.23pt a year

MSFU0.98%OKTG0.75%

Avg volume · 30D

MSFU 139.1×the volume

MSFU5.35MOKTG38.5K

MSFU vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

−0.9%MSFU+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. MSFU −0.9%. OKTG +247.6%. Use the arrow keys to read each point.100%200%300%Dec 2025Jun 2026Oct 2026
Expense ratio
MSFU 0.98%
OKTG 0.75%, better
Fund size
MSFU $416M
OKTG $8M
1Y total return
MSFU −15.3%
OKTG No data
Yield (12M)
MSFU 7.81%
OKTG No data
Holdings
MSFU 7
OKTG 5
Avg volume (30D)
MSFU 5.35M sh, better
OKTG 38.5K sh
NAV per share
MSFU $41.59
OKTG $53.95
52W range

ETF.net Grade

MSFU: Cost 54, Risk 61, Mission 81, Tradability 70, Holdings not scored, Durability 87. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for MSFU, OKTG, with each pillar’s weight
PillarMSFUOKTG
Cost30% weightC54A70Higher
Mission25% weightA81A94Higher
Risk15% weightB61A76Higher
Tradability15% weightA70A73Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA87HigherC51

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. MSFU 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 MSFU 29th 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 29BHOOXDaily Target 2X Long HOOD ETFScore 62
  6. Rank 29BMSFUDirexion Daily MSFT Bull 2X SharesScore 62
  7. Rank 29BONDGLeverage Shares 2X Long ONDS Daily ETFScore 62

Our read on each fund

ETF.net Research

MSFUBDirexion Daily MSFT Bull 2X Shares

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

MSFU A day-trading dial on Microsoft: MSFU targets 200% of MSFT's daily move, then resets every night. It launched as a 1.5x fund and was re-geared to a full 2x in April 2024, so today's version is the more aggressive one.

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

MSFU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Microsoft Corporation common shares.

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

  • MSFU The mandate is one line: 200% of Microsoft's daily move, before fees and expenses. No stock picking, no index committee, one name and one multiple.direxion.com
  • Fee is 0.98%, a shade under the going rate in the leveraged single-stock aisle, where 2x peers such as GGLL and AAPU also cluster near 1%.
  • Among the more heavily traded funds in its category, and Direxion runs a bear-side twin (MSFD) for exposure in the other direction.direxion.com
  • Trading since 2022, which makes it a veteran in a fund category that barely existed before then.
  • 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

  • MSFU The daily reset compounds. Over any stretch longer than a day, results can drift well away from 2x MSFT's move for that period, and choppy tape widens the gap.sec.gov
  • One company, no cushion. An earnings miss or a headline at Microsoft lands here at double strength, with nothing else in the portfolio to soften it.sec.gov
  • Direxion's own filings describe the fund as riskier than unleveraged alternatives and built around a one-day holding period, not the back of a drawer.sec.gov
  • 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 MSFU profile⁠

Full OKTG profile⁠

MSFU 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.

MSFU vs OKTG Cost

Overpaying MSFU vs OKTG

$3,880

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

  • MSFU 0.98%

    $18,362

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • MSFU 0.98%
  • 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$20K051015202530MSFU $18,362OKTG $14,482

Year by year

YearMSFUOKTGOverpaying
10$1,729$1,336$393
20$6,504$5,078$1,426
30$18,362$14,482$3,880

Expense ratio

  • 0.98%MSFU
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

MSFU 168th cheapest of 315 funds

MSFU vs OKTG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MSFU 7.81%
OKTG No data
Payout (12M)
MSFU $3.14
OKTG None
Last payment
MSFU $0.30
OKTG No data
Ex-dividend
MSFU Sep 22, 2026
OKTG No data
Paid on
MSFU Sep 29, 2026
OKTG No data
Frequency
MSFU Quarterly
OKTG No data

Distribution history

Per share, 2022 to 2026, same scale for both

MSFUQuarterly · 19 paymentsAll MSFU payments⁠
One bar per payment. 19 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.0062; Dec 20, 2022 $0.11; Mar 21, 2023 $0.09; Jun 21, 2023 $0.18; Sep 19, 2023 $0.26; Dec 21, 2023 $0.30; Mar 19, 2024 $0.31; Jun 25, 2024 $0.37; Sep 24, 2024 $0.33; Dec 12, 2024 $1.36; Dec 23, 2024 $0.40; Mar 25, 2025 $0.25; Jun 24, 2025 $0.37; Sep 23, 2025 $0.19; Dec 10, 2025 $2.30; Dec 23, 2025 $0.27; Mar 24, 2026 $0.13; Jun 23, 2026 $0.14; Sep 22, 2026 $0.30. Use the arrow keys to read each point.$0$2.5020232026YTD
OKTGAll OKTG payments⁠

No distribution history available.

MSFU vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSFU 56.3%OKTG No data
Return per unit of riskSharpe ratio, 3 years
MSFU 0.38OKTG No data
Worst fallMax drawdown, 5 years
MSFU −62.3%since Sep 2022OKTG No data
Market sensitivityBeta, 5 years
MSFU 1.84OKTG 2.39

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