OKTG vs WDCX

OKTGALeverage Shares 2x Long OKTA Daily ETF

WDCXCTradr 2X Long WDC 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.

WDCX Western Digital spun off SanDisk in 2025 and became a hard-drive pure play on AI-era storage. WDCX doubles that one stock's daily move and resets the leverage every night. A focused trading tool, priced above most 2x single-stock funds.

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.

WDCX The fund seeks daily investment results, before fees and expenses, equal to two times the daily performance of Western Digital Corp.'s common shares.

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.

• WDCX One job, stated plainly: two times Western Digital's daily move. No margin account, no options chain, no positions to roll.tradretfs.com
• Since the February 2025 SanDisk separation, Western Digital is a high-capacity hard-drive business, so this is amplified exposure to one narrow slice of storage rather than a mixed bag.sec.gov
• It trades actively, which tends to mean less bid-ask friction than you find in the thinnest corners of the leveraged single-stock aisle.

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.

• WDCX 1.49% a year sits above the roughly 1% median for 2x single-stock funds. Peers like UNHG (0.75%) and GGLL (0.96%) charge less, though neither tracks WDC.
• Leverage resets daily. Hold past one session and you own compounded daily moves, a path that choppy, back-and-forth markets can grind down.
• One stock, doubled: every earnings gap and storage-cycle headline hits twice as hard. The fund launched in 2026, so its track record is short.

Full OKTG profile⁠

Full WDCX profile⁠