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OKTG vs RVNL

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

GraniteShares 2x Long RIVN Daily ETF

RVNLCNasdaq

Overlap

Expense ratio

OKTG −0.47pt a year

OKTG0.75%RVNL1.22%

Avg volume · 30D

RVNL 2.9×the volume

OKTG37.8KRVNL109K

OKTG vs RVNL Performance

Dec 31, 2025 – Nov 9, 2026

+144.2%OKTG−68.6%RVNL

Dec 31, 2025 to Nov 9, 2026. OKTG +144.2%. RVNL −68.6%. Use the arrow keys to read each point.0%200%300%Dec 2025Jun 2026Nov 2026
Expense ratio
OKTG 0.75%, better
RVNL 1.22%
Fund size
OKTG $5M
RVNL $14M
1Y total return
OKTG No data
RVNL −52.6%
Holdings
OKTG 6
RVNL 2
Avg volume (30D)
OKTG 37.8K sh
RVNL 109K sh, better
NAV per share
OKTG $34.20
RVNL $16.72
52W range

ETF.net Grade

OKTG: Cost 70, Risk 78, Mission 95, Tradability 69, Holdings not scored, Durability 50. RVNL: Cost 38, Risk 56, Mission 95, Tradability 74, Holdings not scored, Durability 70.
Pillar letters and Scores for OKTG, RVNL, with each pillar’s weight
PillarOKTGRVNL
Cost30% weightA70HigherD38
Mission25% weightA95A95
Risk15% weightA78HigherB56
Tradability15% weightB69A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC50A70Higher

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 RVNL 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 RVNL 81st 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 81CQCMUDirexion Daily QCOM Bull 2X ETFScore 52
  7. Rank 81CRVNLGraniteShares 2x Long RIVN Daily ETFScore 52
  8. Rank 84CBEXTradr 2X Long BE Daily ETFScore 51

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

RVNLCGraniteShares 2x Long RIVN Daily 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.

RVNL One lever, one stock: RVNL aims to deliver 2x Rivian's daily move, reset every trading day. The fee is 1.15% net of a waiver through December 31, 2026, against a 7.90% gross.

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.

RVNL The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change of Rivian Automotive Inc. It is not designed to deliver twice the cumulative return over periods longer than one day.

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.
  • RVNL Sticks closely to its stated 2x daily target, one of the stronger implementations in a crowded field of 2x single-stock funds.
  • Leverage comes from swap agreements held inside the fund, so the amplified exposure sits in an ordinary brokerage account instead of a margin account.sec.gov
  • Most single-stock leverage points at mega-caps. This one aims at Rivian, the electric-vehicle maker, in a ticker that trades like a stock.graniteshares.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.
  • RVNL The 2x target resets daily. Hold longer and the result can drift well away from twice Rivian's move over the same stretch, especially in choppy markets.
  • At 1.15%, net of a waiver through December 31, 2026, the fee sits above the category median. Gross is 7.90%, so the waiver is doing real work.
  • Swap-based leverage carries counterparty risk, the fund is small by category standards, and it has made no distributions since launching in 2025.sec.gov

Full OKTG profile⁠

Full RVNL profile⁠

OKTG vs RVNL 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 RVNL Cost

Overpaying RVNL vs OKTG

$7,676

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

  • OKTG 0.75%

    $14,482

  • RVNL 1.22%

    $22,158

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • RVNL 1.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530RVNL $22,158OKTG $14,482

Year by year

YearOKTGRVNLOverpaying
10$1,336$2,131$795
20$5,078$7,931$2,853
30$14,482$22,158$7,676

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.22%RVNL
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 312 funds

RVNL 227th cheapest of 312 funds

OKTG vs RVNL Dividends

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

Distribution history

OKTGAll OKTG payments⁠

No distribution history available.

RVNLAll RVNL payments⁠

No distribution history available.

OKTG vs RVNL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataRVNL 77.6%since May 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataRVNL −0.50since May 2025
Worst fallMax drawdown, 5 years
OKTG No dataRVNL −83.6%since Apr 2025
Market sensitivityBeta, 5 years
OKTG 2.39RVNL 0.73

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