NFXL vs OKTG

NFXLCDirexion Daily NFLX Bull 2X Shares

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

NFXL Netflix at double speed in a single ticker. NFXL aims for 200% of NFLX's move each trading day, resets that target every day, and comes with a bear twin for traders who want the other side.

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

NFXL The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Netflix 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

• NFXL One job, plainly stated: 200% of Netflix's daily move, built mostly from swaps with large global banks, and it has stayed close to that daily target.sec.gov
• Among hundreds of geared single-stock bull funds, it sits in the upper tier for how cleanly it delivers the objective written in its own prospectus.
• No margin account, no options chain. The gearing lives inside a registered fund that manages its own daily exposure, and the shares trade like any other stock.sec.gov
• Live since 2024 and actively traded, with a Direxion bear counterpart (NFXS) launched beside it, so both directions on Netflix exist in the same format.direxion.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

• NFXL Priced above the category median: 1.05% net, 1.06% gross, net of a waiver through September 1, 2027, versus 0.75% at peer OKTG and 0.76% at TSMG.
• The 2x target applies to one day only. Hold longer and daily compounding takes over, so the path can diverge from twice Netflix's return, especially in choppy stretches.sec.gov
• One stock, one story. An earnings night or a content headline at Netflix lands here at double size, in either direction, with no diversification to soften it.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 NFXL profile⁠

Full OKTG profile⁠