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OKTG vs PDDL

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

GraniteShares 2x Long PDD Daily ETF

PDDLDNasdaq

Overlap

Expense ratio

OKTG −0.78pt a year

OKTG0.75%PDDL1.53%

Avg volume · 30D

OKTG 1.3×the volume

OKTG38.5KPDDL28.8K

OKTG vs PDDL Performance

Dec 31, 2025 – Oct 30, 2026

+247.6%OKTG−62.1%PDDL

Dec 31, 2025 to Oct 30, 2026. OKTG +247.6%. PDDL −62.1%. Use the arrow keys to read each point.0%100%200%300%Dec 2025Jun 2026Oct 2026
Expense ratio
OKTG 0.75%, better
PDDL 1.53%
Fund size
OKTG $8M
PDDL $6M
1Y total return
OKTG No data
PDDL −74.0%
Holdings
OKTG 5
PDDL 2
Avg volume (30D)
OKTG 38.5K sh, better
PDDL 28.8K sh
NAV per share
OKTG $53.95
PDDL $10.88
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. PDDL: Cost 3, Risk 46, Mission 98, Tradability 64, Holdings not scored, Durability 63.
Pillar letters and Scores for OKTG, PDDL, with each pillar’s weight
PillarOKTGPDDL
Cost30% weightA70HigherF3
Mission25% weightA94A98Higher
Risk15% weightA76HigherC46
Tradability15% weightA73HigherB64
Holdings10% weightNot scoredNot scored
Durability5% weightC51B63Higher

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 PDDL 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 PDDL 272nd 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 272DAVXXDefiance Daily Target 2X Long AVAV ETFScore 31
  6. Rank 272DPDDLGraniteShares 2x Long PDD Daily ETFScore 31
  7. Rank 272DPLUDaily Target 2X Long PL ETFScore 31

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

PDDLDGraniteShares 2x Long PDD Daily 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.

PDDL One of the few US ETFs wired to twice the daily move of Temu parent PDD Holdings. A one-session trading tool, priced at 1.50% net of a waiver through December 31, 2026 (1.51% gross).

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.

PDDL The Fund seeks daily investment results, before fees and expenses, equal to twice the daily percentage change in PDD Holdings Inc.'s common stock.

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.
  • PDDL Simple job, clearly stated: it aims for twice PDD's daily percentage change, before fees, from a normal brokerage ticket. No margin account, no options chain.graniteshares.com
  • Day to day it has tracked its stated 2x objective closely, which is the part of the job a daily-reset fund lives on.
  • GraniteShares has been running leveraged single-stock ETFs since 2022, including 2x funds on Nvidia and Tesla, so the plumbing here is a worn path.nasdaq.comglobenewswire.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.
  • PDDL The 2x target resets daily. Hold past a session and compounding can push results well away from 2x the stock's move over that stretch, especially in choppy tape.graniteshares.com
  • At 1.50% net of a waiver through December 31, 2026 (1.51% gross) it runs above the category median, and KPDD charges 1.26% for the same 2x PDD exposure.
  • A small fund that trades lightly next to the category's giants, so spreads and order type matter more here than with the household-name leveraged tickers.

Full OKTG profile⁠

Full PDDL profile⁠

OKTG vs PDDL 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 PDDL Cost

Overpaying PDDL vs OKTG

$12,224

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

  • OKTG 0.75%

    $14,482

  • PDDL 1.53%

    $26,706

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • PDDL 1.53%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530PDDL $26,706OKTG $14,482

Year by year

YearOKTGPDDLOverpaying
10$1,336$2,639$1,303
20$5,078$9,685$4,607
30$14,482$26,706$12,224

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.53%PDDL
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

PDDL 301st cheapest of 315 funds

OKTG vs PDDL Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
OKTG None
PDDL No data
Last payment
OKTG No data
PDDL $0.09
Ex-dividend
OKTG No data
PDDL Dec 29, 2025
Paid on
OKTG No data
PDDL Dec 31, 2025
Frequency
OKTG No data
PDDL Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

OKTGAll OKTG payments⁠

No distribution history available.

PDDLIrregular · 1 paymentAll PDDL payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $0.09. Use the arrow keys to read each point.$0$0.102026YTD

OKTG vs PDDL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataPDDL 59.8%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataPDDL −1.12since Aug 2025
Worst fallMax drawdown, 5 years
OKTG No dataPDDL −76.7%since Jul 2025
Market sensitivityBeta, 5 years
OKTG 2.39PDDL 0.08

Popular comparisons

  • OKTGAvsTSMGA

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

    Expense ratio
    0.75% · 0.76%
    Category
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  • PDDLDvsTSMGA

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  • OKTGAvsUNHGA

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  • OKTGAvsPANGA

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    Expense ratio
    0.75% · 0.76%
    Category
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  • PDDLDvsPANGA

    GraniteShares 2x Long PDD Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.53% · 0.76%
    Category
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