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NBIL vs OKTG

GraniteShares 2x Long NBIS Daily ETF

NBILCNasdaq

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

0.0%by weight

Expense ratio

OKTG −0.66pt a year

NBIL1.41%OKTG0.75%

Avg volume · 30D

NBIL 117.0×the volume

NBIL4.5MOKTG38.5K

NBIL vs OKTG Performance

Dec 31, 2025 – Oct 30, 2026

+11.8%NBIL+247.6%OKTG

Dec 31, 2025 to Oct 30, 2026. NBIL +11.8%. OKTG +247.6%. Use the arrow keys to read each point.100%400%500%600%Dec 2025Jun 2026Oct 2026
Expense ratio
NBIL 1.41%
OKTG 0.75%, better
Fund size
NBIL $198M
OKTG $8M
1Y total return
NBIL −60.5%
OKTG No data
Holdings
NBIL 2
OKTG 5
Avg volume (30D)
NBIL 4.5M sh, better
OKTG 38.5K sh
NAV per share
NBIL $12.79
OKTG $53.95
52W range

ETF.net Grade

NBIL: Cost 20, Risk 44, Mission 97, Tradability 95, Holdings not scored, Durability 76. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for NBIL, OKTG, with each pillar’s weight
PillarNBILOKTG
Cost30% weightF20A70Higher
Mission25% weightA97HigherA94
Risk15% weightC44A76Higher
Tradability15% weightA95HigherA73
Holdings10% weightNot scoredNot scored
Durability5% weightA76HigherC51

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. NBIL 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 NBIL 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 97CMSTUT-REX 2X Long MSTR Daily Target ETFScore 46
  6. Rank 97CNBILGraniteShares 2x Long NBIS Daily ETFScore 46
  7. Rank 97CNFLUT-REX 2X Long NFLX Daily Target ETFScore 46

Our read on each fund

ETF.net Research

NBILCGraniteShares 2x Long NBIS Daily ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

NBIL Two times the daily move of Nebius, the Amsterdam AI-cloud company rebuilt from Yandex's non-Russian assets. One volatile stock, doubled, reset every night: a trading tool by design, not a set-and-forget holding.

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

NBIL The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change of Nebius Group N.V. stock.

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

  • NBIL Does the job on the tin: it has stayed close to its stated 2x daily NBIS target, one of the tighter implementations in a crowded single-stock leverage field.
  • Actively traded for such a young fund, which helps keep the cost of getting in and out contained.
  • Doubled exposure to a GPU-cloud builder in an ordinary brokerage account: no margin agreement, no options chain, no swap paperwork of your own.graniteshares.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

  • NBIL The 1.50% expense ratio sits well above the typical 2x single-stock fund, and rivals (NBIG, NEBX) chase the same daily NBIS target.leverageshares.comtradretfs.com
  • The multiple resets daily, so results over longer stretches can drift far from 2x the stock's move, especially through choppy trading.graniteshares.com
  • One AI infrastructure name, leveraged, launched in 2025: concentrated, volatile, and with a short record to judge it by. 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 NBIL profile⁠

Full OKTG profile⁠

NBIL vs OKTG Holdings

How NBIL and OKTG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of NBIL and 0.0% of OKTG.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Countryby domicile0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for NBIL and OKTG.

Country, concentration and asset class

Country by domicile

Country weights in NBIL and OKTG, widest gap first
CountryMore in NBILMore in OKTG
NetherlandsNBIL +100.0 points
United StatesOKTG +100.0 points

Outside the US: NBIL 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

  • NBIL100.0%
  • OKTG200.3%

Securities held

  • NBIL1
  • OKTG1

Asset class

NBIL
Leveraged/Inverse
OKTG
Equity

Holdings

  • Only in NBIL1
  • In both0
  • Only in OKTG1

Only in NBIL

1 security, 66.7% of NBIL by weight

  • Nbis66.71%

Only in OKTG

1 security, 0.3% of OKTG by weight

  • First American Treasury Obligations Fund 01/01/20400.32%

Weight gaps

NBIL and OKTG share no securities.

All NBIL holdings⁠All 6 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.

NBIL vs OKTG Cost

Overpaying NBIL vs OKTG

$10,510

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

  • NBIL 1.41%

    $24,992

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • NBIL 1.41%
  • 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$25K051015202530NBIL $24,992OKTG $14,482

Year by year

YearNBILOKTGOverpaying
10$2,444$1,336$1,108
20$9,017$5,078$3,939
30$24,992$14,482$10,510

Expense ratio

  • 1.41%NBIL
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

NBIL 257th cheapest of 315 funds

NBIL vs OKTG Dividends

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

Distribution history

NBILAll NBIL payments⁠

No distribution history available.

OKTGAll OKTG payments⁠

No distribution history available.

NBIL vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NBIL 207.5%since Nov 2025OKTG No data
Return per unit of riskSharpe ratio, 3 years
NBIL 0.40since Nov 2025OKTG No data
Worst fallMax drawdown, 5 years
NBIL −84.0%since Oct 2025OKTG No data
Market sensitivityBeta, 5 years
NBIL 7.58OKTG 2.39

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