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OKTG vs OSCX

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Defiance Daily Target 2X Long OSCR ETF

OSCXDNasdaq

Overlap

Expense ratio

OKTG −0.57pt a year

OKTG0.75%OSCX1.32%

Avg volume · 30D

OKTG 5.5×the volume

OKTG38.5KOSCX7.03K

OKTG vs OSCX Performance

Dec 31, 2025 – Oct 30, 2026

+247.6%OKTG+156.2%OSCX

Dec 31, 2025 to Oct 30, 2026. OKTG +247.6%. OSCX +156.2%. Use the arrow keys to read each point.0%100%300%Dec 2025Jun 2026Oct 2026
Expense ratio
OKTG 0.75%, better
OSCX 1.32%
Fund size
OKTG $8M
OSCX $7M
1Y total return
OKTG No data
OSCX +35.2%
Holdings
OKTG 5
OSCX 8
Avg volume (30D)
OKTG 38.5K sh, better
OSCX 7.03K sh
NAV per share
OKTG $53.95
OSCX $31.54
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. OSCX: Cost 25, Risk 65, Mission 91, Tradability 23, Holdings not scored, Durability 62.
Pillar letters and Scores for OKTG, OSCX, with each pillar’s weight
PillarOKTGOSCX
Cost30% weightA70HigherD25
Mission25% weightA94HigherA91
Risk15% weightA76HigherB65
Tradability15% weightA73HigherF23
Holdings10% weightNot scoredNot scored
Durability5% weightC51B62Higher

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 OSCX 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 OSCX 258th 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 258DIREDefiance Daily Target 2X Long IREN ETFScore 36
  6. Rank 258DOSCXDefiance Daily Target 2X Long OSCR ETFScore 36
  7. Rank 261DARCXTradr 2X Long ACHR Daily ETFScore 35

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

OSCXDDefiance Daily Target 2X Long OSCR 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.

OSCX The first 2X wrapper on Oscar Health: 200% of OSCR's daily move, reset every session, inside a plain brokerage account. The trade-offs are a 1.32% fee and one health insurtech stock carrying the entire position.

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.

OSCX The Fund seeks daily investment results equal to 200% of the daily performance of Oscar Health, Inc.

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.
  • OSCX Defiance launched it in September 2025 as the first 2X long ETF on Oscar Health, putting an amplified bet on OSCR in a normal brokerage account with no margin or options approval.yahoo.com
  • The mandate is one testable line: 200% of Oscar Health's daily performance. It has stayed close to that daily target.
  • Leverage is rebuilt each day rather than left to drift, so stated exposure starts every session back at 2x the reference stock.

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.
  • OSCX At 1.32% with no waiver, it costs more than the typical fund in its category and more than top-ranked 2x peers such as TSMG (0.76%) and OKTG (0.75%).
  • Hold past one day and compounding takes over: in choppy stretches, multi-day results can diverge meaningfully from 2x OSCR's move over the same period.yahoo.com
  • Small and thinly traded next to the big single-stock leveraged names, and young since its 2025 launch, so there is little track record and spreads can run wide.

Full OKTG profile⁠

Full OSCX profile⁠

OKTG vs OSCX 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 OSCX Cost

Overpaying OSCX vs OKTG

$9,186

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

  • OKTG 0.75%

    $14,482

  • OSCX 1.32%

    $23,668

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • OSCX 1.32%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530OSCX $23,668OKTG $14,482

Year by year

YearOKTGOSCXOverpaying
10$1,336$2,296$960
20$5,078$8,507$3,429
30$14,482$23,668$9,186

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.32%OSCX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

OSCX 243rd cheapest of 315 funds

OKTG vs OSCX Dividends

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

Distribution history

OKTGAll OKTG payments⁠

No distribution history available.

OSCXAll OSCX payments⁠

No distribution history available.

OKTG vs OSCX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataOSCX 166.5%since Oct 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataOSCX 0.57since Oct 2025
Worst fallMax drawdown, 5 years
OKTG No dataOSCX −84.5%since Sep 2025
Market sensitivityBeta, 5 years
OKTG 2.39OSCX 2.67

Popular comparisons

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

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  • OKTGAvsPANGA

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