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OKTG vs QCMU

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Direxion Daily QCOM Bull 2X ETF

QCMUCNasdaq

Overlap

0.0%by weight

Expense ratio

OKTG −0.32pt a year

OKTG0.75%QCMU1.07%

Avg volume · 30D

QCMU 3.6×the volume

OKTG38.5KQCMU137K

OKTG vs QCMU Performance

Dec 31, 2025 – Nov 2, 2026

+170.5%OKTG−36.7%QCMU

Dec 31, 2025 to Nov 2, 2026. OKTG +170.5%. QCMU −36.7%. Use the arrow keys to read each point.100%300%Dec 2025Jun 2026Nov 2026
Expense ratio
OKTG 0.75%, better
QCMU 1.07%
Fund size
OKTG $8M
QCMU $19M
1Y total return
OKTG No data
QCMU −44.8%
Yield (12M)
OKTG No data
QCMU 3.52%
Holdings
OKTG 6
QCMU 7
Avg volume (30D)
OKTG 38.5K sh
QCMU 137K sh, better
NAV per share
OKTG $53.95
QCMU $17.51
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. QCMU: Cost 40, Risk 63, Mission 67, Tradability 60, Holdings not scored, Durability 73.
Pillar letters and Scores for OKTG, QCMU, with each pillar’s weight
PillarOKTGQCMU
Cost30% weightA70HigherC40
Mission25% weightA94HigherB67
Risk15% weightA76HigherB63
Tradability15% weightA73HigherB60
Holdings10% weightNot scoredNot scored
Durability5% weightC51A73Higher

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 QCMU 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 QCMU 78th 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 78CLRCUTradr 2X Long LRCX Daily ETFScore 52
  6. Rank 78CQCMUDirexion Daily QCOM Bull 2X ETFScore 52
  7. Rank 83CBABUDirexion Daily BABA Bull 2X ETFScore 51

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

QCMUCDirexion Daily QCOM 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.

QCMU Qualcomm's daily move, doubled. Direxion packages 200% daily exposure to QCOM through swaps, with a matching bear fund for the other side of the trade. The leverage resets every day, which makes it a short-horizon tool by design.

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.

QCMU The fund seeks daily investment results equal to 200% of the performance of QUALCOMM Incorporated common shares before fees and expenses.

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.
  • QCMU Delivers the leveraged Qualcomm trade in a plain brokerage account: the fund aims for 200% of QCOM's daily move using swaps, no margin account or options chain required.direxion.com
  • Direxion runs a matched pair on the name, QCMU for 2X bull and QCMD for 1X bear, so switching sides of the Qualcomm story means switching tickers, not platforms.direxion.com
  • A fee waiver trims the 2.44% gross expense ratio to 1.07% net through September 1, 2027, a meaningful gap worth knowing about.
  • Scores in the upper tier of a crowded single-stock leveraged field on how tightly it hits its daily target and how it trades.

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.
  • QCMU Daily reset is the whole story: hold more than a day and compounding can push returns away from 2X QCOM's move over that stretch, in either direction. Losses are magnified too.direxion.com
  • Cost runs above the category median even after the waiver. Peers like OKTG (0.75%) and TSMG (0.76%) charge less with no waiver attached.
  • One company, one bet. Launched in 2025, so the track record is short, and it is a smaller, moderately traded fund where limit orders earn their keep.

Full OKTG profile⁠

Full QCMU profile⁠

OKTG vs QCMU Holdings

How OKTG and QCMU differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for OKTG.

Country, concentration and asset class

Country by domicile

Country weights in OKTG and QCMU, widest gap first
CountryMore in OKTGMore in QCMU
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • OKTG207.4%
  • QCMU100.0%

Securities held

  • OKTG1
  • QCMU2

Asset class

OKTG
Equity
QCMU
Equity

Holdings

  • Only in OKTG1
  • In both0
  • Only in QCMU2

Only in OKTG

1 security, 7.4% of OKTG by weight

  • First American Treasury Obligations Fund 01/01/20407.35%

Only in QCMU

2 securities, 24.0% of QCMU by weight

  • Goldman Finl Sq Trsry Inst 50615.16%
  • Qualcomm Inc8.80%

Weight gaps

OKTG and QCMU share no securities.

All 6 OKTG holdings⁠All 6 QCMU 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 QCMU Cost

Overpaying QCMU vs OKTG

$5,333

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

  • OKTG 0.75%

    $14,482

  • QCMU 1.07%

    $19,815

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • QCMU 1.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QCMU $19,815OKTG $14,482

Year by year

YearOKTGQCMUOverpaying
10$1,336$1,881$545
20$5,078$7,046$1,968
30$14,482$19,815$5,333

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.07%QCMU
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

QCMU 213th cheapest of 315 funds

OKTG vs QCMU Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
OKTG No data
QCMU 3.52%
Payout (12M)
OKTG None
QCMU $0.59
Last payment
OKTG No data
QCMU $0.14
Ex-dividend
OKTG No data
QCMU Sep 22, 2026
Paid on
OKTG No data
QCMU Sep 29, 2026
Frequency
OKTG No data
QCMU Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

OKTGAll OKTG payments⁠

No distribution history available.

QCMUQuarterly · 5 paymentsAll QCMU payments⁠
One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 23, 2025 $0.22; Dec 23, 2025 $0.21; Mar 24, 2026 $0.13; Jun 23, 2026 $0.12; Sep 22, 2026 $0.14. Use the arrow keys to read each point.$0$0.252026YTD

OKTG vs QCMU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataQCMU 131.0%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataQCMU 0.30since Jul 2025
Worst fallMax drawdown, 5 years
OKTG No dataQCMU −68.7%since Jun 2025
Market sensitivityBeta, 5 years
OKTG 2.39QCMU 8.91

OKTG and QCMU in the news

All news⁠

Popular comparisons

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

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