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OKTG vs SMUP

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

T-Rex 2x Long SMR Daily Target ETF

SMUPFCboe

Overlap

Expense ratio

OKTG −0.75pt a year

OKTG0.75%SMUP1.50%

Avg volume · 30D

SMUP 5.9×the volume

OKTG38.5KSMUP225K

OKTG vs SMUP Performance

Dec 31, 2025 – Oct 30, 2026

+247.6%OKTG−93.4%SMUP

Dec 31, 2025 to Oct 30, 2026. OKTG +247.6%. SMUP −93.4%. Use the arrow keys to read each point.0%100%300%Dec 2025Jun 2026Oct 2026
Expense ratio
OKTG 0.75%, better
SMUP 1.50%
Fund size
OKTG $8M
SMUP $4M
1Y total return
OKTG No data
SMUP −98.8%
Holdings
OKTG 5
SMUP 2
Avg volume (30D)
OKTG 38.5K sh
SMUP 225K sh, better
NAV per share
OKTG $53.95
SMUP $1.70
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. SMUP: Cost 11, Risk 7, Mission not scored, Tradability 28, Holdings not scored, Durability 55.
Pillar letters and Scores for OKTG, SMUP, with each pillar’s weight
PillarOKTGSMUP
Cost30% weightA70HigherF11
Mission25% weightA94Not scored
Risk15% weightA76HigherF7
Tradability15% weightA73HigherD28
Holdings10% weightNot scoredNot scored
Durability5% weightC51B55Higher

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 SMUP 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 SMUP 305th 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 304FEOSUT-REX 2X Long EOSE Daily Target ETFScore 18
  6. Rank 305FSMUPT-Rex 2x Long SMR Daily Target ETFScore 17
  7. Rank 306FASUPT-REX 2X Long ASTS Daily Target ETFScore 15

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

SMUPFT-Rex 2x Long SMR Daily Target 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.

SMUP No data

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.

SMUP No data

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.

SMUP No data

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.

SMUP No data

Full OKTG profile⁠

Full SMUP profile⁠

OKTG vs SMUP 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 SMUP Cost

Overpaying SMUP vs OKTG

$11,801

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

  • OKTG 0.75%

    $14,482

  • SMUP 1.50%

    $26,283

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • SMUP 1.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SMUP $26,283OKTG $14,482

Year by year

YearOKTGSMUPOverpaying
10$1,336$2,590$1,254
20$5,078$9,519$4,441
30$14,482$26,283$11,801

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.50%SMUP
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

SMUP 271st cheapest of 315 funds

OKTG vs SMUP Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
OKTG None
SMUP No data
Last payment
OKTG No data
SMUP $52.75
Ex-dividend
OKTG No data
SMUP Dec 24, 2025
Paid on
OKTG No data
SMUP Dec 26, 2025
Frequency
OKTG No data
SMUP Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

OKTGAll OKTG payments⁠

No distribution history available.

SMUPIrregular · 1 paymentAll SMUP payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $52.75. Use the arrow keys to read each point.$0$502026YTD

OKTG vs SMUP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataSMUP 126.5%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataSMUP −1.82since Aug 2025
Worst fallMax drawdown, 5 years
OKTG No dataSMUP −99.4%since Jul 2025
Market sensitivityBeta, 5 years
OKTG 2.39SMUP 5.55

Popular comparisons

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

    Expense ratio
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    Category
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  • OKTGAvsPANGA

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    Category
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  • SMUPFvsPANGA

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    Expense ratio
    1.50% · 0.76%
    Category
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