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OKTG vs PENU

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

T-REX 2X Long PENG Daily Target ETF

PENUDCboe

Overlap

0.0%by weight

Expense ratio

OKTG −0.75pt a year

OKTG0.75%PENU1.50%

Avg volume · 30D

OKTG 1.2×the volume

OKTG38.5KPENU32.2K

OKTG vs PENU Performance

Sep 30, 2026 – Oct 30, 2026

−6.7%OKTG−22.6%PENU

Sep 30, 2026 to Oct 30, 2026. OKTG −6.7%. PENU −22.6%. Use the arrow keys to read each point.25%50%75%100%Sep 30Oct 15Oct 30
Expense ratio
OKTG 0.75%, better
PENU 1.50%
Fund size
OKTG $8M
PENU $3M
Holdings
OKTG 5
PENU 2
Avg volume (30D)
OKTG 38.5K sh, better
PENU 32.2K sh
NAV per share
OKTG $53.95
PENU $20.18
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. PENU: Cost 11, Risk 54, Mission not scored, Tradability 33, Holdings not scored, Durability 35.
Pillar letters and Scores for OKTG, PENU, with each pillar’s weight
PillarOKTGPENU
Cost30% weightA70HigherF11
Mission25% weightA94Not scored
Risk15% weightA76HigherC54
Tradability15% weightA73HigherD33
Holdings10% weightNot scoredNot scored
Durability5% weightC51HigherD35

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 PENU 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 PENU 283rd 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 283DMSTPGraniteShares 2x Long MSTR Daily ETFScore 28
  6. Rank 283DPENUT-REX 2X Long PENG Daily Target ETFScore 28
  7. Rank 283DQSUDaily Target 2X Long QS ETFScore 28

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

PENUDT-REX 2X Long PENG Daily Target 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.

PENU No data

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.

PENU No data

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.

PENU No data

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.

PENU No data

Full OKTG profile⁠

Full PENU profile⁠

OKTG vs PENU Holdings

How OKTG and PENU differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%

Sector

No Sector split for OKTG and PENU.

Country, concentration and asset class

Country by domicile

No country split for PENU.

Concentration

Weight in the 10 largest Holdings

  • OKTG200.3%
  • PENU282.0%

Securities held

  • OKTG1
  • PENU1

Asset class

OKTG
Equity
PENU
Equity

Holdings

  • Only in OKTG1
  • In both0
  • Only in PENU1

Only in OKTG

1 security, 0.3% of OKTG by weight

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

Only in PENU

1 security, 100% of PENU by weight

  • Recv Penu Trs Peng Eq176.02%

Weight gaps

OKTG and PENU share no securities.

All 6 OKTG holdings⁠All 3 PENU 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 PENU Cost

Overpaying PENU vs OKTG

$11,801

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

  • OKTG 0.75%

    $14,482

  • PENU 1.50%

    $26,283

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • PENU 1.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530PENU $26,283OKTG $14,482

Year by year

YearOKTGPENUOverpaying
10$1,336$2,590$1,254
20$5,078$9,519$4,441
30$14,482$26,283$11,801

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.50%PENU
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

PENU 271st cheapest of 315 funds

OKTG vs PENU Dividends

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

Distribution history

OKTGAll OKTG payments⁠

No distribution history available.

PENUAll PENU payments⁠

No distribution history available.

OKTG vs PENU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
OKTG 2.39PENU 0.00

Popular comparisons

  • OKTGAvsTSMGA

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

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PENUDvsTSMGA

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  • OKTGAvsUNHGA

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    Expense ratio
    0.75% · 0.77%
    Category
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  • PENUDvsUNHGA

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    Expense ratio
    1.50% · 0.77%
    Category
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  • OKTGAvsPANGA

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

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PENUDvsPANGA

    T-REX 2X Long PENG Daily Target ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.50% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.