OKTG vs XPEG

OKTGALeverage Shares 2x Long OKTA Daily ETF

XPEGCLeverage Shares 2x Long XPEV 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.

XPEG Two times XPeng's daily move, in one US-listed ticker. XPEG uses swaps on the EV maker's ADR to double each day's swing (both directions), resets every night, and charges 0.75%.

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.

XPEG The fund seeks daily investment results equal to 200% of the daily performance of XPeng Inc. 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.

• XPEG Fee of 0.75%, below the typical 2x single-stock fund and below Direxion's 2x names such as AAPU and GGLL.
• Plain mechanics: swaps plus the XPEV ADR target 200% of the stock's daily move, and the fund has stayed very close to that daily target.sec.gov
• A 1940 Act fund, so you get geared XPeng exposure without a margin account or an options chain, and you cannot lose more than you put in.sec.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.

• XPEG Leverage resets daily. Hold longer than a day and results can drift far from 2x the stock's move, especially through choppy, back-and-forth stretches.sec.gov
• Small fund, thin trading. Spreads can widen, and the 2026 launch means a short track record to judge it by.
• One Chinese EV maker's ADR is the whole portfolio, and the fund has paid no distributions.sec.gov

Full OKTG profile⁠

Full XPEG profile⁠