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OKTG vs PYPU

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Direxion Daily PYPL Bull 2X ETF

PYPUCNYSE Arca

Overlap

Expense ratio

OKTG −0.22pt a year

OKTG0.75%PYPU0.97%

Avg volume · 30D

OKTG 5.6×the volume

OKTG37.8KPYPU6.73K

OKTG vs PYPU Performance

Aug 7, 2026 – Nov 9, 2026

+16.9%OKTG−3.6%PYPU

Aug 7, 2026 to Nov 9, 2026. OKTG +16.9%. PYPU −3.6%. Use the arrow keys to read each point.−25%50%75%100%125%Aug 2026Sep 2026Nov 2026
Expense ratio
OKTG 0.75%, better
PYPU 0.97%
Fund size
OKTG $5M
PYPU $2M
Holdings
OKTG 6
PYPU 8
Avg volume (30D)
OKTG 37.8K sh, better
PYPU 6.73K sh
NAV per share
OKTG $34.20
PYPU $37.25
52W range

ETF.net Grade

OKTG: Cost 70, Risk 78, Mission 95, Tradability 69, Holdings not scored, Durability 50. PYPU: Cost 56, Risk 92, Mission 91, Tradability 40, Holdings not scored, Durability 51.
Pillar letters and Scores for OKTG, PYPU, with each pillar’s weight
PillarOKTGPYPU
Cost30% weightA70HigherB56
Mission25% weightA95HigherA91
Risk15% weightA78A92Higher
Tradability15% weightB69HigherC40
Holdings10% weightNot scoredNot scored
Durability5% weightC50C51Higher

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 PYPU 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 PYPU 124th 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 124CPLULLeverage Shares 2X Long PLUG Daily ETFScore 40
  7. Rank 124CPYPUDirexion Daily PYPL Bull 2X ETFScore 40
  8. Rank 124CQUACorgi QBTS 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

PYPUCDirexion Daily PYPL Bull 2X 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.

PYPU Most leveraged single-stock ETFs chase chips and crypto. PYPU aims 2x daily leverage at PayPal instead, for 0.97% net of a waiver through September 1, 2027. A one-stock trade that resets every day, not a buy-and-hold holding.

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.

PYPU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of PayPal Holdings, Inc. common shares.

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.
  • PYPU Aims for 200% of PayPal stock's daily move, so a bullish view on one payments name can be expressed in a plain brokerage account, no margin or options approval needed.direxion.com
  • Day to day it has tracked its stated 200% target closely, one of the tighter implementations in a crowded field of geared single-stock funds.
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), near the typical fee for leveraged single-stock ETFs.
  • Launched March 2026 inside Direxion's single-stock lineup, alongside 2x bull funds on Adobe, Texas Instruments and UnitedHealth.direxion.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.
  • PYPU The 2x target resets daily. Hold longer and compounding takes over, so multi-day results can land well above or below twice PayPal's move over the same stretch.direxion.com
  • Small and thinly traded since its 2026 launch, which can widen spreads. Checking the quote matters more here than in a mega-fund.
  • Cheaper alternatives exist in the category: peers OKTG (0.75%) and TSMG (0.76%) charge less, with no waiver holding those numbers down.

Full OKTG profile⁠

Full PYPU profile⁠

OKTG vs PYPU 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 PYPU Cost

Overpaying PYPU vs OKTG

$3,716

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

  • OKTG 0.75%

    $14,482

  • PYPU 0.97%

    $18,198

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • PYPU 0.97%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530PYPU $18,198OKTG $14,482

Year by year

YearOKTGPYPUOverpaying
10$1,336$1,712$376
20$5,078$6,443$1,365
30$14,482$18,198$3,716

Expense ratio

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

OKTG 87th cheapest of 312 funds

PYPU 156th cheapest of 312 funds

OKTG vs PYPU Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
OKTG None
PYPU No data
Last payment
OKTG No data
PYPU $0.31
Ex-dividend
OKTG No data
PYPU Sep 22, 2026
Paid on
OKTG No data
PYPU Sep 29, 2026
Frequency
OKTG No data
PYPU Quarterly

Distribution history

Per share, 2026, same scale for both

OKTGAll OKTG payments⁠

No distribution history available.

PYPUQuarterly · 2 paymentsAll PYPU payments⁠
One bar per payment. 2 payments in 2026 YTD. Jun 23, 2026 $0.17; Sep 22, 2026 $0.31. Use the arrow keys to read each point.$0$0.252026YTD

OKTG vs PYPU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
OKTG 2.39PYPU −1.26

Popular comparisons

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

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