OKTG vs TSMU

OKTGALeverage Shares 2x Long OKTA Daily ETF

TSMUCGraniteShares 2x Long TSM 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.

TSMU Two US ETFs aim at twice Taiwan Semiconductor's daily move, and this is one of them. Straight 2x daily exposure to the world's largest contract chipmaker, at a fee that sits well above the leveraged single-stock norm.

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.

TSMU The fund seeks daily, before-fee-and-expense investment results equal to twice the daily percentage change of Taiwan Semiconductor Manufacturing Co Ltd.

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.

• TSMU Does one thing: targets twice TSM's daily percentage change, before fees and expenses. No options overlay, no income sleeve, no stock picking.graniteshares.com
• It has hit its stated daily multiple tightly, one of the stronger implementations among 2x single-stock funds.
• Rare target. Only one other US ETF, TSMX, aims at twice TSM's daily move, and most leveraged chip products point at other names.
• The leverage sits inside the wrapper, so the 2x exposure arrives through an ordinary brokerage trade rather than a margin account.

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.

• TSMU The fee is 2.45% a year. TSMX chases the same stock at the same 2x multiple for 0.99%, and the wider 2x single-stock group typically charges around 1%.
• The multiple resets every day. Hold past one session and compounding can push the result away from twice TSM's move over that stretch, most of all in choppy markets.
• One company, doubled, and launched in 2024. TSM's own swings land twice as hard, there is no diversification cushion, and the track record is short.

Full OKTG profile⁠

Full TSMU profile⁠