Skip to content
etf.net

OKTG vs UNHG

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

OKTG −0.02pt a year

OKTG0.75%UNHG0.77%

Avg volume · 30D

UNHG 18.9×the volume

OKTG38.5KUNHG726K

OKTG vs UNHG Performance

Dec 31, 2025 – Oct 30, 2026

+247.6%OKTG+22.2%UNHG

Dec 31, 2025 to Oct 30, 2026. OKTG +247.6%. UNHG +22.2%. Use the arrow keys to read each point.100%200%300%Dec 2025Jun 2026Oct 2026
Expense ratio
OKTG 0.75%, better
UNHG 0.77%
Fund size
OKTG $8M
UNHG $63M
1Y total return
OKTG No data
UNHG +11.9%
Holdings
OKTG 5
UNHG 5
Avg volume (30D)
OKTG 38.5K sh
UNHG 726K sh, better
NAV per share
OKTG $53.95
UNHG $20.57
52W range

ETF.net Grade

OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for OKTG, UNHG, with each pillar’s weight
PillarOKTGUNHG
Cost30% weightA70HigherB60
Mission25% weightA94HigherA90
Risk15% weightA76A83Higher
Tradability15% weightA73A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51B66Higher

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 UNHG 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 ›

UNHG ranks 2nd and OKTG 3rd 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

Our read on each fund

ETF.net Research

OKTGALeverage Shares 2x Long OKTA Daily ETF

UNHGALeverage Shares 2x Long UNH 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.

UNHG Two times UnitedHealth's daily move, reset every night: a managed-care insurer in a category stuffed with chip and AI names. UNHG got there first, and it charges 0.77%.

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.

UNHG The fund seeks daily investment results equal to twice the daily performance of UnitedHealth Group Incorporated 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.
  • UNHG At 0.77%, the cheaper of the only two 2x UNH funds: Direxion's UNHU runs 0.97% net of a waiver through September 1, 2027. Both sit below the category's typical fee.
  • First to the 2x UNH trade, listed July 2025, months before Direxion's version arrived in March 2026. It trades actively for a single-stock leveraged fund.direxion.com
  • Exposure comes from total return swaps reset at each close, and day-to-day it has stayed close to its 2x target. One of the better-built funds in a crowded bull field.leverageshares.comsec.gov

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.
  • UNHG Daily reset means multi-day results depend on the path UNH takes, not just its direction. Choppy stretches can erode value even if the stock ends where it started.leverageshares.com
  • Swap-based exposure carries counterparty risk, and everything rides on one managed-care company's news, from earnings to policy headlines.leverageshares.com
  • Listed in 2025, so there is little history to judge it across a full market cycle.

Full OKTG profile⁠

Full UNHG profile⁠

OKTG vs UNHG 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 UNHG Cost

Overpaying UNHG vs OKTG

$347

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

  • OKTG 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • OKTG 0.75%
  • UNHG 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530UNHG $14,829OKTG $14,482

Year by year

YearOKTGUNHGOverpaying
10$1,336$1,371$35
20$5,078$5,205$127
30$14,482$14,829$347

Expense ratio

  • 0.75%OKTG, cheaper
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

OKTG vs UNHG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
OKTG None
UNHG No data
Last payment
OKTG No data
UNHG $1.90
Ex-dividend
OKTG No data
UNHG Dec 30, 2025
Paid on
OKTG No data
UNHG Jan 2, 2026
Frequency
OKTG No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

OKTGAll OKTG payments⁠

No distribution history available.

UNHGIrregular · 1 paymentAll UNHG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $1.90. Use the arrow keys to read each point.$0$22026YTD

OKTG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKTG No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
OKTG No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
OKTG No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
OKTG 2.39UNHG 5.53

Popular comparisons

  • 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.

  • UNHGAvsTSMGA

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

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsPANGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2x Long PANW 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.

  • UNHGAvsPANGA

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

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsAMDGB

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

    Expense ratio
    0.75% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsAMDGB

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

    Expense ratio
    0.77% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.