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OKTG vs QSU

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Daily Target 2X Long QS ETF

QSUDNYSE Arca

Overlap

Expense ratio

OKTG −0.57pt a year

OKTG0.75%QSU1.32%

Avg volume · 30D

QSU 2.5×the volume

OKTG37.8KQSU95.8K

OKTG vs QSU Performance

Dec 31, 2025 – Nov 9, 2026

+144.2%OKTG−91.0%QSU

Dec 31, 2025 to Nov 9, 2026. OKTG +144.2%. QSU −91.0%. Use the arrow keys to read each point.0%200%300%Dec 2025Jun 2026Nov 2026
Expense ratio
OKTG 0.75%, better
QSU 1.32%
Fund size
OKTG $5M
QSU $5M
1Y total return
OKTG No data
QSU −96.9%
Holdings
OKTG 6
QSU 9
Avg volume (30D)
OKTG 37.8K sh
QSU 95.8K sh, better
NAV per share
OKTG $34.20
QSU $3.13
52W range

ETF.net Grade

OKTG: Cost 70, Risk 78, Mission 95, Tradability 69, Holdings not scored, Durability 50. QSU: Cost 26, Risk 20, Mission 89, Tradability 40, Holdings not scored, Durability 59.
Pillar letters and Scores for OKTG, QSU, with each pillar’s weight
PillarOKTGQSU
Cost30% weightA70HigherD26
Mission25% weightA95HigherA89
Risk15% weightA78HigherF20
Tradability15% weightB69HigherC40
Holdings10% weightNot scoredNot scored
Durability5% weightC50B59Higher

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 QSU 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 QSU 284th 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 284DOKLLDaily Target 2X Long OKLO ETFScore 30
  7. Rank 284DQSUDaily Target 2X Long QS ETFScore 30
  8. Rank 284DRIOXDaily Target 2X Long RIOT ETFScore 30

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

QSUDDaily Target 2X Long QS 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.

QSU The first 2x ETF on QuantumScape. QSU aims to deliver 200% of QS's daily move, resets every session, and charges 1.32% a year with no fee waiver.

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.

QSU The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in QuantumScape Corporation's share price. It is designed for a single trading day rather than longer holding periods.

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.
  • QSU Defiance got there first: QSU launched in 2025 as the debut 2x long vehicle on QuantumScape, the solid-state battery developer.nasdaq.com
  • The daily math is the entire job, and QSU has hit its stated 200% target closely.
  • It is a registered 1940 Act fund, so the position is sized in shares: no margin account, no option expiry, no loss beyond what you put in.defianceetfs.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.
  • QSU The leverage resets daily. Hold longer and results compound, so a choppy stretch in QS can leave the fund well off 2x the stock's move for the period.
  • At 1.32% with no waiver, it runs above the category median and above 2x single-stock peers like TSMG (0.76%) and OKTG (0.75%), neither of which waives fees.
  • Young and small: a 2025 launch with a modest asset base, moderate trading, and every dollar riding on one company's share price.

Full OKTG profile⁠

Full QSU profile⁠

OKTG vs QSU 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 QSU Cost

Overpaying QSU vs OKTG

$9,186

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

  • OKTG 0.75%

    $14,482

  • QSU 1.32%

    $23,668

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • QSU 1.32%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530QSU $23,668OKTG $14,482

Year by year

YearOKTGQSUOverpaying
10$1,336$2,296$960
20$5,078$8,507$3,429
30$14,482$23,668$9,186

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.32%QSU
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 312 funds

QSU 243rd cheapest of 312 funds

OKTG vs QSU Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
OKTG None
QSU None

Distribution history

OKTGAll OKTG payments⁠

No distribution history available.

QSUAll QSU payments⁠

No distribution history available.

OKTG vs QSU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataQSU 108.1%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataQSU −2.55since Nov 2025
Worst fallMax drawdown, 5 years
OKTG No dataQSU −98.2%since Oct 2025
Market sensitivityBeta, 5 years
OKTG 2.39QSU 5.66

Popular comparisons

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