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OKTG vs SOFX

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Daily Target 2X Long SOFI ETF

SOFXCNasdaq

Overlap

Expense ratio

OKTG −0.58pt a year

OKTG0.75%SOFX1.33%

Avg volume · 30D

SOFX 36.0×the volume

OKTG38.5KSOFX1.39M

OKTG vs SOFX Performance

Dec 31, 2025 – Oct 30, 2026

+247.6%OKTG−73.8%SOFX

Dec 31, 2025 to Oct 30, 2026. OKTG +247.6%. SOFX −73.8%. Use the arrow keys to read each point.0%100%300%Dec 2025Jun 2026Oct 2026
Expense ratio
OKTG 0.75%, better
SOFX 1.33%
Fund size
OKTG $8M
SOFX $59M
1Y total return
OKTG No data
SOFX −81.7%
Holdings
OKTG 5
SOFX 10
Avg volume (30D)
OKTG 38.5K sh
SOFX 1.39M sh, better
NAV per share
OKTG $53.95
SOFX $7.47
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. SOFX: Cost 22, Risk 35, Mission 88, Tradability 74, Holdings not scored, Durability 78.
Pillar letters and Scores for OKTG, SOFX, with each pillar’s weight
PillarOKTGSOFX
Cost30% weightA70HigherF22
Mission25% weightA94HigherA88
Risk15% weightA76HigherD35
Tradability15% weightA73A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51A78Higher

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 SOFX 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 SOFX 118th 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 118CSNXXTradr 2X Long SNDK Daily ETFScore 41
  6. Rank 118CSOFXDaily Target 2X Long SOFI ETFScore 41
  7. Rank 118CWDCXTradr 2X Long WDC Daily ETFScore 41

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

SOFXCDaily Target 2X Long SOFI 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.

SOFX Defiance got here first: SOFX has aimed for twice SoFi's daily move since January 2025, more than a year before Direxion's rival landed. Swaps do the work, and the leverage resets every single day.

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.

SOFX The fund seeks daily results equal to twice the daily percentage change in SoFi Technologies, Inc.'s share price.

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.
  • SOFX Launched January 2025, beating the only other 2x SOFI fund (Direxion's SOFA, February 2026) to market by more than a year.direxion.com
  • Narrow job, done tightly: daily results have tracked the stated twice-SOFI target closely, and the fund trades actively enough for short-hold positioning.
  • A swap-based book pegged to one stock. No index, no basket: SoFi's tape doubled, recalculated each day.defianceetfs.com
  • Sits in the upper half of a single-stock leveraged bull field that runs to hundreds of funds.

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.
  • SOFX 1.33% a year with no waiver trimming it, above the typical fee in this category. Direxion's SOFA charges 0.97% net of a waiver through September 1, 2027.
  • Leverage resets daily, so results over longer stretches can drift from twice SOFI's move. Defiance itself says not to expect 2x cumulative returns past a day.defianceetfs.com
  • One stock, doubled. Any SoFi earnings jolt or headline lands here at twice the size, in both directions.

Full OKTG profile⁠

Full SOFX profile⁠

OKTG vs SOFX 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 SOFX Cost

Overpaying SOFX vs OKTG

$9,335

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

  • OKTG 0.75%

    $14,482

  • SOFX 1.33%

    $23,817

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • SOFX 1.33%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530SOFX $23,817OKTG $14,482

Year by year

YearOKTGSOFXOverpaying
10$1,336$2,313$977
20$5,078$8,564$3,486
30$14,482$23,817$9,335

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.33%SOFX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

SOFX 248th cheapest of 315 funds

OKTG vs SOFX Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
OKTG None
SOFX No data
Last payment
OKTG No data
SOFX $3.60
Ex-dividend
OKTG No data
SOFX Dec 30, 2025
Paid on
OKTG No data
SOFX Dec 31, 2025
Frequency
OKTG No data
SOFX Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

OKTGAll OKTG payments⁠

No distribution history available.

SOFXIrregular · 1 paymentAll SOFX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $3.60. Use the arrow keys to read each point.$0$2.502026YTD

OKTG vs SOFX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataSOFX 102.4%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataSOFX −0.07since Feb 2025
Worst fallMax drawdown, 5 years
OKTG No dataSOFX −88.1%since Jan 2025
Market sensitivityBeta, 5 years
OKTG 2.39SOFX 4.56

Popular comparisons

  • OKTGAvsTSMGA

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

    Expense ratio
    0.75% · 0.76%
    Category
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  • SOFXCvsTSMGA

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    Category
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    Expense ratio
    1.33% · 0.76%
    Category
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