AVGU vs. OKTG

Last updated Jul 17, 2026

AVGU (GraniteShares 2x Long AVGO Daily ETF) and OKTG (Leverage Shares 2X Long OKTA Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. AVGU charges 1.50%/yr vs 0.75%/yr for OKTG.

Performance

AVGU vs. OKTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long AVGO Daily ETF (AVGU) and Leverage Shares 2X Long OKTA Daily ETF (OKTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGU achieves a -2.35% return, which is significantly lower than OKTG's 110.88% return.

AVGU

• 1D: -10.31%
• 1M: -4.67%
• 6M: -0.30%
• YTD: -2.35%
• 1Y: 29.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OKTG

• 1D: -4.61%
• 1M: 54.71%
• 6M: 88.98%
• YTD: 110.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVGU vs. OKTG - Yearly Performance Comparison

	2026 (YTD)	2025
AVGU GraniteShares 2x Long AVGO Daily ETF	-2.35%	-2.99%
OKTG Leverage Shares 2X Long OKTA Daily ETF	110.88%	5.90%

Correlation

The correlation between AVGU and OKTG is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.20

Return for Risk

AVGU vs. OKTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVGU

AVGU Risk / Return Rank: 19
AVGU Sharpe Ratio Rank: 15
AVGU Sortino Ratio Rank: 24
AVGU Omega Ratio Rank: 24
AVGU Calmar Ratio Rank: 18
AVGU Martin Ratio Rank: 16

OKTG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVGU vs. OKTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AVGO Daily ETF (AVGU) and Leverage Shares 2X Long OKTA Daily ETF (OKTG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVGU	OKTG	Difference
Sharpe ratio: Return per unit of total volatility	0.31	—	—
Sortino ratio: Return per unit of downside risk	1.11	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.56	—	—
Martin ratio: Return relative to average drawdown	1.09	—	—

Drawdowns

AVGU vs. OKTG - Drawdown Comparison

The maximum AVGU drawdown since its inception was -53.30%, smaller than the maximum OKTG drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for AVGU and OKTG.

Drawdown Indicators

	AVGU	OKTG	Difference
Max Drawdown Largest peak-to-trough decline	-53.30%	-60.69%	+7.39%
Max Drawdown (1Y) Largest decline over 1 year	-53.30%	—	—
Current Drawdown Current decline from peak	-43.97%	-9.20%	-34.77%
Average Drawdown Average peak-to-trough decline	-22.03%	-22.77%	+0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.23%	—	—

Volatility

Volatility by Period

	AVGU	OKTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	70.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	94.62%	133.12%	-38.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.43%	133.12%	-38.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.43%	133.12%	-38.69%

AVGU vs. OKTG - Expense Ratio Comparison

AVGU has a 1.50% expense ratio, which is higher than OKTG's 0.75% expense ratio.

Dividends

AVGU vs. OKTG - Dividend Comparison

Neither AVGU nor OKTG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AVGU and OKTG in my portfolio?

AVGU and OKTG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGU or OKTG?

On fees, OKTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGU or OKTG?

OKTG is cheaper with a 0.75% expense ratio, compared with 1.50% for AVGU.

Which ETF pays a higher dividend yield, AVGU or OKTG?

AVGU and OKTG have nearly identical dividend yields, around 0.00%.

What is the main difference between AVGU and OKTG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for AVGU and 0.75% for OKTG.