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OKTG vs UBRL

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

GraniteShares 2x Long Uber Daily ETF

UBRLCNasdaq

Overlap

Expense ratio

OKTG −0.43pt a year

OKTG0.75%UBRL1.18%

Avg volume · 30D

UBRL 5.6×the volume

OKTG38.5KUBRL215K

OKTG vs UBRL Performance

Dec 31, 2025 – Nov 2, 2026

+170.5%OKTG−43.5%UBRL

Dec 31, 2025 to Nov 2, 2026. OKTG +170.5%. UBRL −43.5%. Use the arrow keys to read each point.100%300%Dec 2025Jun 2026Nov 2026
Expense ratio
OKTG 0.75%, better
UBRL 1.18%
Fund size
OKTG $8M
UBRL $28M
1Y total return
OKTG No data
UBRL −61.0%
Holdings
OKTG 6
UBRL 2
Avg volume (30D)
OKTG 38.5K sh
UBRL 215K sh, better
NAV per share
OKTG $53.95
UBRL $11.47
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. UBRL: Cost 37, Risk 55, Mission 87, Tradability 77, Holdings not scored, Durability 77.
Pillar letters and Scores for OKTG, UBRL, with each pillar’s weight
PillarOKTGUBRL
Cost30% weightA70HigherD37
Mission25% weightA94HigherA87
Risk15% weightA76HigherB55
Tradability15% weightA73A77Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51A77Higher

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 UBRL 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 UBRL 76th 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 71CSOFADirexion Daily SOFI Bull 2X ETFScore 54
  6. Rank 76CUBRLGraniteShares 2x Long Uber Daily ETFScore 53
  7. Rank 76CUUUGLeverage Shares 2x Long UUUU Daily ETFScore 53

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

UBRLCGraniteShares 2x Long Uber 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.

UBRL Two times Uber's daily move, in one ticker. GraniteShares points a swap at a single ride-hailing and delivery stock and resets the leverage every day, at 1.15% net of a waiver through December 31, 2026. Built as a trading tool, per its own factsheet.

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.

UBRL The Fund seeks daily investment results equal to two times the daily percentage change in Uber Technologies Corporation's common stock, 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.
  • UBRL A clean mandate: 2x the daily percentage change in Uber's common stock, before fees. No stock picking, no index committee, one number to watch.graniteshares.com
  • Day-to-day results have stayed close to that 2x daily target, one of the stronger implementations in the leveraged single-stock crowd.
  • Live since 2024 through plenty of Uber news flow, and traded enough on a normal day to absorb ordinary retail-size orders.

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.
  • UBRL Daily reset: hold longer than a day and compounding takes over, so multi-day results can land well above or below 2x Uber's move over the same stretch.graniteshares.com
  • Pricey for the aisle: 1.15% net of a waiver through December 31, 2026 (1.35% gross), against 0.75% at OKTG and 0.76% at TSMG.
  • One company, doubled. Uber-specific headlines (regulation, driver costs, robotaxi deals) hit roughly twice as hard, with no other holdings to cushion them.graniteshares.com

Full OKTG profile⁠

Full UBRL profile⁠

OKTG vs UBRL 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 UBRL Cost

Overpaying UBRL vs OKTG

$7,061

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

  • OKTG 0.75%

    $14,482

  • UBRL 1.18%

    $21,543

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • UBRL 1.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530UBRL $21,543OKTG $14,482

Year by year

YearOKTGUBRLOverpaying
10$1,336$2,065$729
20$5,078$7,697$2,619
30$14,482$21,543$7,061

Expense ratio

  • 0.75%OKTG, cheaper
  • 1.18%UBRL
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

UBRL 224th cheapest of 315 funds

OKTG vs UBRL Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
OKTG None
UBRL No data
Last payment
OKTG No data
UBRL $2.22
Ex-dividend
OKTG No data
UBRL Dec 29, 2025
Paid on
OKTG No data
UBRL Dec 31, 2025
Frequency
OKTG No data
UBRL Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

OKTGAll OKTG payments⁠

No distribution history available.

UBRLIrregular · 1 paymentAll UBRL payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $2.22. Use the arrow keys to read each point.$0$2.502026YTD

OKTG vs UBRL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataUBRL 50.6%since Oct 2024
Return per unit of riskSharpe ratio, 3 years
OKTG No dataUBRL −0.54since Oct 2024
Worst fallMax drawdown, 5 years
OKTG No dataUBRL −65.6%since Sep 2024
Market sensitivityBeta, 5 years
OKTG 2.39UBRL 1.48

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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  • UBRLCvsTSMGA

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  • OKTGAvsPANGA

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  • UBRLCvsPANGA

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    Expense ratio
    1.18% · 0.76%
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