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OKTG vs PYPG

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Leverage Shares 2x Long PYPL Daily ETF

PYPGBNasdaq

Overlap

Expense ratio

OKTG −0.02pt a year

OKTG0.75%PYPG0.77%

Avg volume · 30D

PYPG 12.6×the volume

OKTG38.5KPYPG483K

OKTG vs PYPG Performance

Dec 31, 2025 – Oct 30, 2026

+247.6%OKTG−28.3%PYPG

Dec 31, 2025 to Oct 30, 2026. OKTG +247.6%. PYPG −28.3%. Use the arrow keys to read each point.100%200%300%Dec 2025Jun 2026Oct 2026
Expense ratio
OKTG 0.75%, better
PYPG 0.77%
Fund size
OKTG $8M
PYPG $15M
1Y total return
OKTG No data
PYPG −50.6%
Holdings
OKTG 5
PYPG 4
Avg volume (30D)
OKTG 38.5K sh
PYPG 483K sh, better
NAV per share
OKTG $53.95
PYPG $7.99
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. PYPG: Cost 60, Risk 59, Mission 96, Tradability 82, Holdings not scored, Durability 61.
Pillar letters and Scores for OKTG, PYPG, with each pillar’s weight
PillarOKTGPYPG
Cost30% weightA70HigherB60
Mission25% weightA94A96Higher
Risk15% weightA76HigherB59
Tradability15% weightA73A82Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51B61Higher

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 PYPG 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 PYPG 23rd 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 23BADBGLeverage Shares 2x Long ADBE Daily ETFScore 64
  6. Rank 23BPYPGLeverage Shares 2x Long PYPL Daily ETFScore 64
  7. Rank 25BLULGLeverage Shares 2x Long LULU Daily ETFScore 63

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

PYPGBLeverage Shares 2x Long PYPL 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.

PYPG Most of the single-stock leverage aisle is chips and AI. PYPG points the same machinery at PayPal, aiming for 200% of the stock's daily move, resetting every day, at 0.77% with no fee waiver in play.

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.

PYPG Seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of PayPal Holdings 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.
  • PYPG The mechanism is plain: 200% of PayPal's daily move, rebuilt each day inside a 1940 Act ETF you buy in an ordinary brokerage account. No margin account, no options chain to roll.leverageshares.com
  • At 0.77% it sits below the typical fee in a category of 365 measured peers, and level with siblings such as UNHG at 0.77%, just above TSMG at 0.76% and OKTG at 0.75%.
  • Day to day it has tracked its stated 2x target closely, one of the stronger implementations among leveraged single-stock bull funds, and it trades with reasonable regularity for a niche ticker.

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.
  • PYPG The 2x target applies to one day only. Across a choppy stretch, compounding can leave your return well short of twice PayPal's move over that same stretch, even if the stock finishes higher.leverageshares.com
  • One company, double speed. An earnings miss or a shift in the payments business hits PYPG twice as hard, with no other holdings to soften it.
  • It launched in 2025 and remains a small fund. Themes has already wound down sibling leveraged ETFs that failed to gather assets, so closure is a real possibility across this shelf.themesetfs.com

Full OKTG profile⁠

Full PYPG profile⁠

OKTG vs PYPG 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 PYPG Cost

Overpaying PYPG vs OKTG

$347

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

  • OKTG 0.75%

    $14,482

  • PYPG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • PYPG 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530PYPG $14,829OKTG $14,482

Year by year

YearOKTGPYPGOverpaying
10$1,336$1,371$35
20$5,078$5,205$127
30$14,482$14,829$347

Expense ratio

  • 0.75%OKTG, cheaper
  • 0.77%PYPG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

PYPG 135th cheapest of 315 funds

OKTG vs PYPG Dividends

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

Distribution history

OKTGAll OKTG payments⁠

No distribution history available.

PYPGAll PYPG payments⁠

No distribution history available.

OKTG vs PYPG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataPYPG 78.9%since May 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataPYPG −0.33since May 2025
Worst fallMax drawdown, 5 years
OKTG No dataPYPG −79.5%since Apr 2025
Market sensitivityBeta, 5 years
OKTG 2.39PYPG 1.24

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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