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MVLL vs OKTG

GraniteShares 2x Long MRVL Daily ETF

MVLLCNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −1.22pt a year

MVLL1.97%OKTG0.75%

Avg volume · 30D

MVLL 85.8×the volume

MVLL3.3MOKTG38.5K

MVLL vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

+151.4%MVLL+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. MVLL +151.4%. OKTG +247.6%. Use the arrow keys to read each point.0%400%600%800%Dec 2025Jun 2026Oct 2026
Expense ratio
MVLL 1.97%
OKTG 0.75%, better
Fund size
MVLL $227M
OKTG $8M
1Y total return
MVLL +91.2%
OKTG No data
Holdings
MVLL 2
OKTG 5
Avg volume (30D)
MVLL 3.3M sh, better
OKTG 38.5K sh
NAV per share
MVLL $22.72
OKTG $53.95
52W range

ETF.net Grade

MVLL: Cost 0, Risk 60, Mission 99, Tradability 93, Holdings not scored, Durability 81. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for MVLL, OKTG, with each pillar’s weight
PillarMVLLOKTG
Cost30% weightF0A70Higher
Mission25% weightA99HigherA94
Risk15% weightB60A76Higher
Tradability15% weightA93HigherA73
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. MVLL 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 MVLL 118th 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 118CINTWGraniteShares 2x Long INTC Daily ETFScore 41
  6. Rank 118CMVLLGraniteShares 2x Long MRVL Daily ETFScore 41
  7. Rank 118CSNXXTradr 2X Long SNDK Daily ETFScore 41

Our read on each fund

ETF.net Research

MVLLCGraniteShares 2x Long MRVL Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

MVLL Two times Marvell's daily move, reset every night. Trading since March 2025, MVLL is the longer-running of the two 2x MRVL funds, and it charges 1.50% net of a waiver through December 31, 2026.

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

MVLL The Fund seeks daily investment results, before fees and expenses, equal to twice the daily percentage change of Marvell Technology, Inc.

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

  • MVLL The mandate is literal: twice the daily percentage change of Marvell Technology stock, before fees. Day to day, the fund has stuck closely to that stated target.graniteshares.com
  • Actively traded by the standards of single-stock leverage, and it prices well on the exchange, which matters for the in-and-out trading this structure is built around.
  • Live since March 7, 2025, giving it a longer operating record than Direxion's MRVU, the other 2x MRVL fund, which launched in February 2026.graniteshares.comdirexion.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

  • MVLL Cost is the trade-off: 1.50% net of a waiver through December 31, 2026 (2.52% gross), above the category median and above MRVU's 0.97%, net of a waiver through September 1, 2027.
  • The 2x target resets every day. Hold past that and compounding takes the wheel, so multi-day results can land far from twice MRVL's move, especially after choppy stretches.graniteshares.com
  • One stock, no diversification cushion. A single earnings night at Marvell drives the whole fund, doubled, in either direction.graniteshares.com
  • 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 MVLL profile⁠

Full OKTG profile⁠

MVLL 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.

MVLL vs OKTG Cost

Overpaying MVLL vs OKTG

$18,049

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

  • MVLL 1.97%

    $32,531

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • MVLL 1.97%
  • OKTG 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530MVLL $32,531OKTG $14,482

Year by year

YearMVLLOKTGOverpaying
10$3,336$1,336$2,000
20$12,012$5,078$6,934
30$32,531$14,482$18,049

Expense ratio

  • 1.97%MVLL
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

MVLL 314th cheapest of 315 funds

MVLL vs OKTG Dividends

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

Distribution history

MVLLAll MVLL payments⁠

No distribution history available.

OKTGAll OKTG payments⁠

No distribution history available.

MVLL vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MVLL 186.4%since Apr 2025OKTG No data
Return per unit of riskSharpe ratio, 3 years
MVLL 1.11since Apr 2025OKTG No data
Worst fallMax drawdown, 5 years
MVLL −78.9%since Mar 2025OKTG No data
Market sensitivityBeta, 5 years
MVLL 7.79OKTG 2.39

Popular comparisons

  • MVLLCvsTSMGA

    GraniteShares 2x Long MRVL Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.97% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsTSMGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MVLLCvsUNHGA

    GraniteShares 2x Long MRVL Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.97% · 0.77%
    Category
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  • OKTGAvsUNHGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.75% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MVLLCvsPANGA

    GraniteShares 2x Long MRVL Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.97% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsPANGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.