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OKTG vs SOFA

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Direxion Daily SOFI Bull 2X ETF

SOFACNasdaq

Overlap

Expense ratio

OKTG −0.22pt a year

OKTG0.75%SOFA0.97%

Avg volume · 30D

SOFA 2.0×the volume

OKTG38.5KSOFA78.8K

OKTG vs SOFA Performance

Jul 31, 2026 – Oct 30, 2026

+79.7%OKTG−5.1%SOFA

Jul 31, 2026 to Oct 30, 2026. OKTG +79.7%. SOFA −5.1%. Use the arrow keys to read each point.−25%25%50%100%125%Jul 2026Sep 2026Oct 2026
Expense ratio
OKTG 0.75%, better
SOFA 0.97%
Fund size
OKTG $8M
SOFA $13M
Holdings
OKTG 5
SOFA 8
Avg volume (30D)
OKTG 38.5K sh
SOFA 78.8K sh, better
NAV per share
OKTG $53.95
SOFA $12.55
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. SOFA: Cost 54, Risk 60, Mission 87, Tradability 45, Holdings not scored, Durability 64.
Pillar letters and Scores for OKTG, SOFA, with each pillar’s weight
PillarOKTGSOFA
Cost30% weightA70HigherC54
Mission25% weightA94HigherA87
Risk15% weightA76HigherB60
Tradability15% weightA73HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightC51B64Higher

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 SOFA 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 SOFA 71st 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 71CGOOXT-REX 2X Long Alphabet Daily Target ETFScore 54
  6. Rank 71CSOFADirexion Daily SOFI Bull 2X ETFScore 54
  7. Rank 76CUBRLGraniteShares 2x Long Uber Daily ETFScore 53

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

SOFACDirexion Daily SOFI Bull 2X 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.

SOFA Two ETFs chase 2x the daily move in SoFi stock. SOFA is the cheaper one at 0.97% net of a waiver through September 1, 2027. A one-day instrument with a daily reset, not a set-and-forget stake in the stock.

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.

SOFA The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of SoFi Technologies, Inc.'s common shares.

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.
  • SOFA 0.97% net of a waiver through September 1, 2027 (0.99% gross) against 1.33% for SOFX, the other 2x SoFi daily fund. Same reference stock, lower toll.
  • The mandate is plain: 200% of SoFi Technologies' daily share move, before fees and expenses. One stock, one multiple, spelled out in the fund's own documents.direxion.com
  • Since its February 2026 launch it has tracked that daily 2x target closely, putting it among the stronger implementations in the leveraged single-stock bull group.

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.
  • SOFA The 2x target resets every day. Hold longer and compounding pulls results away from 2x SoFi's move over the same stretch, most sharply when the stock whipsaws.direxion.com
  • A small fund with moderate volume and a short record, so trading costs can run wider than on the household-name leveraged ETFs.
  • Pricing sits near the middle of the leveraged single-stock pack, not the cheap end: OKTG, a 2x fund on a different stock, charges 0.75%.

Full OKTG profile⁠

Full SOFA profile⁠

OKTG vs SOFA 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 SOFA Cost

Overpaying SOFA vs OKTG

$3,716

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

  • OKTG 0.75%

    $14,482

  • SOFA 0.97%

    $18,198

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • SOFA 0.97%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SOFA $18,198OKTG $14,482

Year by year

YearOKTGSOFAOverpaying
10$1,336$1,712$376
20$5,078$6,443$1,365
30$14,482$18,198$3,716

Expense ratio

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

OKTG 87th cheapest of 315 funds

SOFA 156th cheapest of 315 funds

OKTG vs SOFA Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
OKTG None
SOFA No data
Last payment
OKTG No data
SOFA $0.06
Ex-dividend
OKTG No data
SOFA Sep 22, 2026
Paid on
OKTG No data
SOFA Sep 29, 2026
Frequency
OKTG No data
SOFA Quarterly

Distribution history

Per share, 2026, same scale for both

OKTGAll OKTG payments⁠

No distribution history available.

SOFAQuarterly · 3 paymentsAll SOFA payments⁠
One bar per payment. 3 payments in 2026 YTD. Mar 24, 2026 $0.05; Jun 23, 2026 $0.05; Sep 22, 2026 $0.06. Use the arrow keys to read each point.$0$0.052026YTD

OKTG vs SOFA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
OKTG 2.39SOFA 1.96

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