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NBIG vs OKTG

Leverage Shares 2x Long NBIS Daily ETF

NBIGBNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

Expense ratio

OKTG −0.01pt a year

NBIG0.76%OKTG0.75%

Avg volume · 30D

NBIG 77.6×the volume

NBIG2.99MOKTG38.5K

NBIG vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

+7.8%NBIG+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. NBIG +7.8%. OKTG +247.6%. Use the arrow keys to read each point.100%400%500%600%Dec 2025Jun 2026Oct 2026
Expense ratio
NBIG 0.76%
OKTG 0.75%, better
Fund size
NBIG $71M
OKTG $8M
1Y total return
NBIG −63.1%
OKTG No data
Holdings
NBIG 6
OKTG 5
Avg volume (30D)
NBIG 2.99M sh, better
OKTG 38.5K sh
NAV per share
NBIG $6.96
OKTG $53.95
52W range

ETF.net Grade

NBIG: Cost 70, Risk 44, Mission 99, Tradability 90, Holdings not scored, Durability 64. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for NBIG, OKTG, with each pillar’s weight
PillarNBIGOKTG
Cost30% weightA70A70
Mission25% weightA99HigherA94
Risk15% weightC44A76Higher
Tradability15% weightA90HigherA73
Holdings10% weightNot scoredNot scored
Durability5% weightB64HigherC51

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. NBIG 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 NBIG 11th 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 11BECHXLeverage Shares 2X Long SATS Daily ETFScore 67
  6. Rank 11BNBIGLeverage Shares 2x Long NBIS Daily ETFScore 67
  7. Rank 15BGEVGLeverage Shares 2x Long GEV Daily ETFScore 66

Our read on each fund

ETF.net Research

NBIGBLeverage Shares 2x Long NBIS Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

NBIG A one-day trade on Nebius, the AI cloud builder, dialed to 2x. NBIG aims for 200% of NBIS's daily move, charges 0.76% (below the category norm), and has hugged that daily target closely since launch.

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

NBIG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of NBIS.

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

  • NBIG Does exactly what the label says: 200% of NBIS's daily move, nothing clever bolted on. At 0.76% it sits below the typical fee in this category.
  • Tracking has stayed close to the 2x daily mandate, one of the stronger implementations among the hundreds of single-stock bull funds in its peer group.
  • Actively traded for a single-stock leveraged fund, so sizing in and out within the session is rarely a wrestling match.
  • Part of a deep Leverage Shares 2x bench, priced in line with siblings like TSMG at 0.76% and UNHG at 0.77%, none of it propped up by a fee waiver.
  • 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

  • NBIG Daily reset is math, not magic: hold past a day and compounding pulls returns away from 2x. Leverage Shares builds it for short-term trades, often single-day holds.leverageshares.com
  • Two times one stock. Nebius is an AI cloud infrastructure company, and its headline-driven swings land on NBIG twice as hard, in both directions.thestreet.com
  • Short history: it listed in October 2025, so its record has not yet spanned a full market cycle.
  • 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 NBIG profile⁠

Full OKTG profile⁠

NBIG 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.

NBIG vs OKTG Cost

Overpaying NBIG vs OKTG

$174

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

  • NBIG 0.76%

    $14,656

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • NBIG 0.76%
  • 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$15K051015202530NBIG $14,656OKTG $14,482

Year by year

YearNBIGOKTGOverpaying
10$1,353$1,336$17
20$5,142$5,078$64
30$14,656$14,482$174

Expense ratio

  • 0.76%NBIG
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

NBIG 131st cheapest of 315 funds

NBIG vs OKTG Dividends

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

Distribution history

NBIGAll NBIG payments⁠

No distribution history available.

OKTGAll OKTG payments⁠

No distribution history available.

NBIG vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NBIG 205.4%since Nov 2025OKTG No data
Return per unit of riskSharpe ratio, 3 years
NBIG 0.37since Nov 2025OKTG No data
Worst fallMax drawdown, 5 years
NBIG −84.1%since Oct 2025OKTG No data
Market sensitivityBeta, 5 years
NBIG 7.53OKTG 2.39

Popular comparisons

  • NBIGBvsTSMGA

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

    Expense ratio
    0.76% · 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.

  • NBIGBvsUNHGA

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

    Expense ratio
    0.76% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • 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.

  • NBIGBvsPANGA

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

    Expense ratio
    0.76% · 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.