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OKTG vs SOUX

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Daily Target 2X Long SOUN ETF

SOUXDNasdaq

Overlap

Expense ratio

OKTG −0.57pt a year

OKTG0.75%SOUX1.32%

Avg volume · 30D

SOUX 2.6×the volume

OKTG37.8KSOUX97.7K

OKTG vs SOUX Performance

Dec 31, 2025 – Nov 9, 2026

+144.2%OKTG−92.1%SOUX

Dec 31, 2025 to Nov 9, 2026. OKTG +144.2%. SOUX −92.1%. Use the arrow keys to read each point.0%200%300%Dec 2025Jun 2026Nov 2026
Expense ratio
OKTG 0.75%, better
SOUX 1.32%
Fund size
OKTG $5M
SOUX $4M
1Y total return
OKTG No data
SOUX −96.5%
Holdings
OKTG 6
SOUX 10
Avg volume (30D)
OKTG 37.8K sh
SOUX 97.7K sh, better
NAV per share
OKTG $34.20
SOUX $3.57
52W range

ETF.net Grade

OKTG: Cost 70, Risk 78, Mission 95, Tradability 69, Holdings not scored, Durability 50. SOUX: Cost 26, Risk 24, Mission 96, Tradability 37, Holdings not scored, Durability 59.
Pillar letters and Scores for OKTG, SOUX, with each pillar’s weight
PillarOKTGSOUX
Cost30% weightA70HigherD26
Mission25% weightA95A96Higher
Risk15% weightA78HigherF24
Tradability15% weightB69HigherD37
Holdings10% weightNot scoredNot scored
Durability5% weightC50B59Higher

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 SOUX 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 SOUX 284th 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 284DRIOXDaily Target 2X Long RIOT ETFScore 30
  7. Rank 284DSOUXDaily Target 2X Long SOUN ETFScore 30
  8. Rank 288DMSTPGraniteShares 2x Long MSTR Daily ETFScore 29

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

SOUXDDaily Target 2X Long SOUN 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.

SOUX SoundHound AI at double volume, one day at a time. Defiance got to this trade first: 2x daily SOUN exposure through swaps, no margin account needed. The leverage resets each day, and it charges 1.32% a year.

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.

SOUX The Fund seeks daily investment results equal to twice the daily percentage change in SoundHound AI, Inc.'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.
  • SOUX First out of the gate on SoundHound AI (June 2025 launch): 2x daily exposure that sits in a plain brokerage account, no margin agreement required.etfgi.com
  • Since launch it has stayed close to its stated target of 200% of SOUN's daily move, before fees.
  • One ticker, one job: double the day's move in a single stock, built with swaps inside a 1940 Act fund rather than a note.defianceetfs.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.
  • SOUX At 1.32% it costs more than the cheapest 2x single-stock funds (TSMG 0.76%, OKTG 0.75%, neither waived) and above the category median.
  • The daily reset is the whole mechanism: over longer stretches, compounding can push returns away from 2x the stock's move, especially in choppy markets.defianceetfs.com
  • Still a small, moderately traded fund, so spreads and liquidity are part of the cost of doing business.

Full OKTG profile⁠

Full SOUX profile⁠

OKTG vs SOUX 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 SOUX Cost

Overpaying SOUX vs OKTG

$9,186

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

  • OKTG 0.75%

    $14,482

  • SOUX 1.32%

    $23,668

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • SOUX 1.32%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530SOUX $23,668OKTG $14,482

Year by year

YearOKTGSOUXOverpaying
10$1,336$2,296$960
20$5,078$8,507$3,429
30$14,482$23,668$9,186

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.32%SOUX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 312 funds

SOUX 243rd cheapest of 312 funds

OKTG vs SOUX Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
OKTG None
SOUX No data
Last payment
OKTG No data
SOUX $8.84
Ex-dividend
OKTG No data
SOUX Dec 30, 2025
Paid on
OKTG No data
SOUX Dec 31, 2025
Frequency
OKTG No data
SOUX Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

OKTGAll OKTG payments⁠

No distribution history available.

SOUXIrregular · 1 paymentAll SOUX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $8.84. Use the arrow keys to read each point.$0$102026YTD

OKTG vs SOUX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataSOUX 119.6%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataSOUX −1.15since Jul 2025
Worst fallMax drawdown, 5 years
OKTG No dataSOUX −98.6%since Jun 2025
Market sensitivityBeta, 5 years
OKTG 2.39SOUX 6.94

Popular comparisons

  • OKTGAvsUNHGA

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

    Expense ratio
    0.75% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SOUXDvsUNHGA

    Daily Target 2X Long SOUN ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.32% · 0.77%
    Category
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  • OKTGAvsTSMGA

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

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SOUXDvsTSMGA

    Daily Target 2X Long SOUN ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.32% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsCOTGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2X Long COST Daily ETF

    Expense ratio
    0.75% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SOUXDvsCOTGA

    Daily Target 2X Long SOUN ETF · Leverage Shares 2X Long COST Daily ETF

    Expense ratio
    1.32% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.