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OKTG vs RKLX

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Daily Target 2X Long RKLB ETF

RKLXDNasdaq

Overlap

Expense ratio

OKTG −0.88pt a year

OKTG0.75%RKLX1.63%

Avg volume · 30D

RKLX 76.1×the volume

OKTG38.5KRKLX2.93M

OKTG vs RKLX Performance

Dec 31, 2025 – Nov 2, 2026

+170.5%OKTG−77.8%RKLX

Dec 31, 2025 to Nov 2, 2026. OKTG +170.5%. RKLX −77.8%. Use the arrow keys to read each point.0%100%300%Dec 2025Jun 2026Nov 2026
Expense ratio
OKTG 0.75%, better
RKLX 1.63%
Fund size
OKTG $8M
RKLX $122M
1Y total return
OKTG No data
RKLX −77.7%
Holdings
OKTG 6
RKLX 10
Avg volume (30D)
OKTG 38.5K sh
RKLX 2.93M sh, better
NAV per share
OKTG $53.95
RKLX $9.83
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. RKLX: Cost 2, Risk 38, Mission 93, Tradability 84, Holdings not scored, Durability 79.
Pillar letters and Scores for OKTG, RKLX, with each pillar’s weight
PillarOKTGRKLX
Cost30% weightA70HigherF2
Mission25% weightA94HigherA93
Risk15% weightA76HigherD38
Tradability15% weightA73A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51A79Higher

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 RKLX 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 RKLX 261st 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 261DPATXTradr 2X Long PATH Daily ETFScore 35
  6. Rank 261DRKLXDaily Target 2X Long RKLB ETFScore 35
  7. Rank 261DTDCLGraniteShares 2x Long TDC Daily ETFScore 35

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

RKLXDDaily Target 2X Long RKLB 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.

RKLX One ticker that turns Rocket Lab into a two-times day trade: RKLX targets 2x RKLB's daily move, resets every night, and charges 1.63%. Pure single-name space-launch leverage, built for days, not quarters.

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.

RKLX The Fund seeks daily results equal to two times the daily percentage change in Rocket Lab Corporation's share price, 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.
  • RKLX Mechanically simple: derivatives sized to deliver twice RKLB's daily percentage change before fees and expenses, rebalanced each day. The fund has tracked that daily target closely.defianceetfs.com
  • Amplified Rocket Lab exposure without a margin account, just one ticker in a brokerage account. Defiance also runs a 2x short RKLB fund (RKLZ), so either direction is on the menu.nasdaq.cometfgi.com
  • Among the more actively traded single-stock leveraged funds, so getting in and out mid-session is usually the easy part.

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.
  • RKLX The 1.63% fee sits above the category median and well above top-scoring 2x single-stock peers such as OKTG (0.75%) and TSMG (0.76%).
  • Daily reset brings path dependency: over a choppy stretch, results can diverge meaningfully from twice RKLB's move across that same stretch.defianceetfs.com
  • One stock, doubled. Launch cadence, contracts and earnings at Rocket Lab drive the entire position, with no diversification to soften a rough day.

Full OKTG profile⁠

Full RKLX profile⁠

OKTG vs RKLX 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 RKLX Cost

Overpaying RKLX vs OKTG

$13,611

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

  • OKTG 0.75%

    $14,482

  • RKLX 1.63%

    $28,093

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • RKLX 1.63%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530RKLX $28,093OKTG $14,482

Year by year

YearOKTGRKLXOverpaying
10$1,336$2,799$1,463
20$5,078$10,230$5,152
30$14,482$28,093$13,611

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.63%RKLX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

RKLX 306th cheapest of 315 funds

OKTG vs RKLX Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
OKTG None
RKLX No data
Last payment
OKTG No data
RKLX $5.95
Ex-dividend
OKTG No data
RKLX Dec 30, 2025
Paid on
OKTG No data
RKLX Dec 31, 2025
Frequency
OKTG No data
RKLX Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

OKTGAll OKTG payments⁠

No distribution history available.

RKLXIrregular · 1 paymentAll RKLX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $5.95. Use the arrow keys to read each point.$0$52026YTD

OKTG vs RKLX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataRKLX 217.6%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataRKLX 1.04since Apr 2025
Worst fallMax drawdown, 5 years
OKTG No dataRKLX −92.3%since Mar 2025
Market sensitivityBeta, 5 years
OKTG 2.39RKLX 8.46

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