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OKTG vs ORCX

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Daily Target 2X Long ORCL ETF

ORCXCNasdaq

Overlap

Expense ratio

OKTG −0.56pt a year

OKTG0.75%ORCX1.31%

Avg volume · 30D

ORCX 74.3×the volume

OKTG37.8KORCX2.81M

OKTG vs ORCX Performance

Dec 31, 2025 – Nov 9, 2026

+144.2%OKTG−74.7%ORCX

Dec 31, 2025 to Nov 9, 2026. OKTG +144.2%. ORCX −74.7%. Use the arrow keys to read each point.0%200%300%Dec 2025Jun 2026Nov 2026
Expense ratio
OKTG 0.75%, better
ORCX 1.31%
Fund size
OKTG $5M
ORCX $143M
1Y total return
OKTG No data
ORCX −84.3%
Holdings
OKTG 6
ORCX 9
Avg volume (30D)
OKTG 37.8K sh
ORCX 2.81M sh, better
NAV per share
OKTG $34.20
ORCX $12.31
52W range

ETF.net Grade

OKTG: Cost 70, Risk 78, Mission 95, Tradability 69, Holdings not scored, Durability 50. ORCX: Cost 26, Risk 42, Mission 98, Tradability 76, Holdings not scored, Durability 81.
Pillar letters and Scores for OKTG, ORCX, with each pillar’s weight
PillarOKTGORCX
Cost30% weightA70HigherD26
Mission25% weightA95A98Higher
Risk15% weightA78HigherC42
Tradability15% weightB69A76Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC50A81Higher

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. OKTG and ORCX are both graded against the same 312 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 312 funds
See all 312 ›

OKTG ranks 3rd and ORCX 103rd of 312 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1AUNHGLeverage Shares 2x Long UNH Daily ETFScore 74
  2. Rank 2ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  3. Rank 3ACOTGLeverage Shares 2X Long COST Daily ETFScore 70
  4. Rank 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
  5. Rank 3APANGLeverage Shares 2x Long PANW Daily ETFScore 70
  6. Rank 103CGEVXTradr 2X Long GEV Daily ETFScore 45
  7. Rank 103CORCXDaily Target 2X Long ORCL ETFScore 45
  8. Rank 106CAPPXTradr 2X Long APP Daily ETFScore 44

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

ORCXCDaily Target 2X Long ORCL ETF

In short

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.

ORCX The first 2x ETF on Oracle, live since February 2025. It targets twice ORCL's daily move for 1.31%, pricier than most single-stock leverage, in a fund you can trade without a margin account.

Stated mandate

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.

ORCX The Fund seeks daily leveraged investment results equal to two times the daily percentage change in Oracle Corporation's share price.

Why people hold it

  • 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.
  • ORCX Two times Oracle's daily move, reset each day, inside an ordinary brokerage account. No margin agreement, no options chain, no share borrow to arrange.nasdaq.com
  • The daily math lands close to its stated 2x target, and the fund trades actively, so getting in and out is rarely the hard part.
  • First mover on leveraged Oracle (February 2025) and still in the upper half of a very crowded single-stock leverage field.nasdaq.com

Worth knowing

  • 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.
  • ORCX At 1.31% it sits above the category median, and ORCU runs the same 2x ORCL mandate at 0.97% net of a waiver through September 1, 2027.
  • The 2x target resets daily, so over longer stretches the result follows ORCL's path, not its start and end points. Choppy tape erodes value. This is a trading tool.
  • One company, doubled. An Oracle earnings night or cloud-contract headline hits here twice as hard, with no other holdings to cushion it.

Full OKTG profile⁠

Full ORCX profile⁠

OKTG vs ORCX 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.

OKTG vs ORCX Cost

Overpaying ORCX vs OKTG

$9,037

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

  • OKTG 0.75%

    $14,482

  • ORCX 1.31%

    $23,519

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • ORCX 1.31%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530ORCX $23,519OKTG $14,482

Year by year

YearOKTGORCXOverpaying
10$1,336$2,280$944
20$5,078$8,450$3,372
30$14,482$23,519$9,037

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.31%ORCX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 312 funds

ORCX 236th cheapest of 312 funds

OKTG vs ORCX Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
OKTG None
ORCX None

Distribution history

OKTGAll OKTG payments⁠

No distribution history available.

ORCXAll ORCX payments⁠

No distribution history available.

OKTG vs ORCX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataORCX 131.1%since Mar 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataORCX 0.01since Mar 2025
Worst fallMax drawdown, 5 years
OKTG No dataORCX −92.8%since Feb 2025
Market sensitivityBeta, 5 years
OKTG 2.39ORCX 6.17

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