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OKTG vs RCAX

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Daily Target 2X Long RCAT ETF

RCAXDNasdaq

Overlap

Expense ratio

OKTG −0.55pt a year

OKTG0.75%RCAX1.30%

Avg volume · 30D

RCAX 2.2×the volume

OKTG38.5KRCAX84.3K

OKTG vs RCAX Performance

Jul 31, 2026 – Oct 30, 2026

+79.7%OKTG−70.9%RCAX

Jul 31, 2026 to Oct 30, 2026. OKTG +79.7%. RCAX −70.9%. Use the arrow keys to read each point.0%50%Jul 2026Sep 2026Oct 2026
Expense ratio
OKTG 0.75%, better
RCAX 1.30%
Fund size
OKTG $8M
RCAX $3M
Holdings
OKTG 5
RCAX 8
Avg volume (30D)
OKTG 38.5K sh
RCAX 84.3K sh, better
NAV per share
OKTG $53.95
RCAX $4.00
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. RCAX: Cost 32, Risk 16, Mission 96, Tradability 26, Holdings not scored, Durability 50.
Pillar letters and Scores for OKTG, RCAX, with each pillar’s weight
PillarOKTGRCAX
Cost30% weightA70HigherD32
Mission25% weightA94A96Higher
Risk15% weightA76HigherF16
Tradability15% weightA73HigherD26
Holdings10% weightNot scoredNot scored
Durability5% weightC51HigherC50

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 RCAX 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 RCAX 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 283DQSUDaily Target 2X Long QS ETFScore 28
  6. Rank 283DRCAXDaily Target 2X Long RCAT ETFScore 28
  7. Rank 289DAKALT-REX 2X Long AKAM Daily Target ETFScore 27

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

RCAXDDaily Target 2X Long RCAT 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.

RCAX The first 2x long ETF on Red Cat Holdings, a military drone maker. It aims for 200% of RCAT's daily move, resets every night, and charges 1.30%.

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.

RCAX The fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in Red Cat Holdings, Inc.'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.
  • RCAX Defiance built this as the first 2X long ETF on Red Cat Holdings, so amplified bullish exposure to one drone name takes a single ticker and no margin account.etfgi.com
  • The mandate is narrow and literal: two times RCAT's daily percentage change, before fees. Day to day, it has tracked that stated target closely.
  • Red Cat builds drone hardware and software for military, government and commercial users, so this is one concentrated name rather than a diluted drone basket.redcat.red

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.
  • RCAX Daily reset is the whole story. Hold past one session and compounding takes over, so multi-day results can diverge sharply from 2x RCAT's move, especially in choppy stretches.
  • At 1.30%, the fee sits above the category median and above 2x single-stock peers like TSMG (0.76%) and OKTG (0.75%).
  • Launched February 2026, it is still a small fund with a short record, and volume is moderate, so spreads and position size deserve a look before trading.

Full OKTG profile⁠

Full RCAX profile⁠

OKTG vs RCAX 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 RCAX Cost

Overpaying RCAX vs OKTG

$8,887

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

  • OKTG 0.75%

    $14,482

  • RCAX 1.30%

    $23,369

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • RCAX 1.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530RCAX $23,369OKTG $14,482

Year by year

YearOKTGRCAXOverpaying
10$1,336$2,263$927
20$5,078$8,393$3,315
30$14,482$23,369$8,887

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.30%RCAX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

RCAX 229th cheapest of 315 funds

OKTG vs RCAX Dividends

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

Distribution history

OKTGAll OKTG payments⁠

No distribution history available.

RCAXAll RCAX payments⁠

No distribution history available.

OKTG vs RCAX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
OKTG 2.39RCAX 0.73

Popular comparisons

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