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MSTU vs OKTG

T-REX 2X Long MSTR Daily Target ETF

MSTUCCboe

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.30pt a year

MSTU1.05%OKTG0.75%

Avg volume · 30D

MSTU 210.0×the volume

MSTU8.08MOKTG38.5K

MSTU vs OKTG Performance

Dec 31, 2025 – Nov 2, 2026

−67.2%MSTU+170.5%OKTG

Dec 31, 2025 to Nov 2, 2026. MSTU −67.2%. OKTG +170.5%. Use the arrow keys to read each point.0%100%300%Dec 2025Jun 2026Nov 2026
Expense ratio
MSTU 1.05%
OKTG 0.75%, better
Fund size
MSTU $542M
OKTG $8M
1Y total return
MSTU −91.0%
OKTG No data
Holdings
MSTU 4
OKTG 6
Avg volume (30D)
MSTU 8.08M sh, better
OKTG 38.5K sh
NAV per share
MSTU $27.00
OKTG $53.95
52W range

ETF.net Grade

MSTU: Cost 42, Risk 31, Mission 80, Tradability 61, Holdings not scored, Durability 81. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for MSTU, OKTG, with each pillar’s weight
PillarMSTUOKTG
Cost30% weightC42A70Higher
Mission25% weightA80A94Higher
Risk15% weightD31A76Higher
Tradability15% weightB61A73Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherC51

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. MSTU 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 MSTU 97th 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 97CHYNXT-REX 2X Long SK Hynix Daily Target ETFScore 46
  6. Rank 97CMSTUT-REX 2X Long MSTR Daily Target ETFScore 46
  7. Rank 97CNBILGraniteShares 2x Long NBIS Daily ETFScore 46

Our read on each fund

ETF.net Research

MSTUCT-REX 2X Long MSTR Daily Target ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

MSTU Two times MicroStrategy's daily move, reset every morning. MSTU is the liquid, lower-fee way to run that trade: less than half the fee of its 2X MSTR rival, and one of the busiest tickers in the leveraged single-stock aisle.

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

MSTU MSTU seeks daily investment results, before fees and expenses, equal to 200% of the performance of MicroStrategy Inc.'s publicly traded common stock. It is designed for a holding period of one trading day, not for tracking the multiple 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

  • MSTU At 1.05% a year, it charges under half what rival 2X MSTR fund MSTP does (2.30%), and lands right around the median for leveraged single-stock funds.
  • Among the most actively traded funds in the leveraged single-stock group, which matters when the intended holding period is one day and spreads eat the edge.
  • The mandate is blunt: 200% of MSTR's daily move, before fees, inside a 1940 Act fund. One lever, no index to second-guess, no overlay.rexshares.com
  • A several-hundred-million-dollar fund that sits in the upper half of a crowded field of leveraged single-stock bull products.
  • 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

  • MSTU The 2x is a daily target that resets each morning. Held through a choppy stretch, results can drift well away from twice MSTR's move, in either direction.
  • One stock, doubled. No diversification cushion, and MSTR is a hard mover on its own, so drawdowns can arrive fast and deep.
  • Launched in 2024, so its record covers a short, unusually wild window for MSTR rather than a full market cycle. It also pays no distributions.
  • 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 MSTU profile⁠

Full OKTG profile⁠

MSTU 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.

MSTU vs OKTG Cost

Overpaying MSTU vs OKTG

$5,013

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

  • MSTU 1.05%

    $19,495

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • MSTU 1.05%
  • 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$20K051015202530MSTU $19,495OKTG $14,482

Year by year

YearMSTUOKTGOverpaying
10$1,847$1,336$511
20$6,927$5,078$1,849
30$19,495$14,482$5,013

Expense ratio

  • 1.05%MSTU
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

MSTU 201st cheapest of 315 funds

MSTU vs OKTG Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
MSTU No data
OKTG None
Last payment
MSTU $0.29
OKTG No data
Ex-dividend
MSTU Aug 25, 2026
OKTG No data
Paid on
MSTU Aug 26, 2026
OKTG No data
Frequency
MSTU Irregular
OKTG No data

Distribution history

Per share, 2026, same scale for both

MSTUIrregular · 1 paymentAll MSTU payments⁠
One bar per payment. 1 payment in 2026 YTD. Aug 25, 2026 $0.29. Use the arrow keys to read each point.$0$0.252026YTD
OKTGAll OKTG payments⁠

No distribution history available.

MSTU vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSTU 157.3%since Oct 2024OKTG No data
Return per unit of riskSharpe ratio, 3 years
MSTU −0.54since Oct 2024OKTG No data
Worst fallMax drawdown, 5 years
MSTU −99.9%since Sep 2024OKTG No data
Market sensitivityBeta, 5 years
MSTU 4.62OKTG 2.39

MSTU and OKTG in the news

All news⁠

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