OKTG vs. AAPX

Last updated Jun 24, 2026

OKTG (Leverage Shares 2X Long OKTA Daily ETF) and AAPX (T-Rex 2X Long Apple Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. OKTG charges 0.75%/yr vs 1.05%/yr for AAPX.

Performance

OKTG vs. AAPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long OKTA Daily ETF (OKTG) and T-Rex 2X Long Apple Daily Target ETF (AAPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OKTG achieves a 40.39% return, which is significantly higher than AAPX's 8.46% return.

OKTG

• 1D: 4.16%
• 1M: 48.25%
• YTD: 40.39%
• 6M: 31.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPX

• 1D: -1.73%
• 1M: -10.36%
• YTD: 8.46%
• 6M: 7.98%
• 1Y: 81.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKTG vs. AAPX - Yearly Performance Comparison

	2026 (YTD)	2025
OKTG Leverage Shares 2X Long OKTA Daily ETF	40.39%	5.90%
AAPX T-Rex 2X Long Apple Daily Target ETF	8.46%	-2.75%

Correlation

The correlation between OKTG and AAPX is 0.12, 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	0.12

Return for Risk

OKTG vs. AAPX — Risk / Return Rank

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

OKTG

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

AAPX

AAPX Risk / Return Rank: 52
AAPX Sharpe Ratio Rank: 56
AAPX Sortino Ratio Rank: 54
AAPX Omega Ratio Rank: 52
AAPX Calmar Ratio Rank: 58
AAPX Martin Ratio Rank: 42

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.

OKTG vs. AAPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OKTA Daily ETF (OKTG) and T-Rex 2X Long Apple Daily Target ETF (AAPX). 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.

	OKTG	AAPX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.79	—
Sortino ratio: Return per unit of downside risk	—	2.45	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.71	—
Martin ratio: Return relative to average drawdown	—	6.32	—

Drawdowns

OKTG vs. AAPX - Drawdown Comparison

The maximum OKTG drawdown since its inception was -60.69%, roughly equal to the maximum AAPX drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for OKTG and AAPX.

Drawdown Indicators

	OKTG	AAPX	Difference
Max Drawdown Largest peak-to-trough decline	-60.69%	-58.55%	-2.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.12%	—
Current Drawdown Current decline from peak	-30.62%	-13.68%	-16.94%
Average Drawdown Average peak-to-trough decline	-24.17%	-19.16%	-5.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.90%	—

Volatility

Volatility by Period

	OKTG	AAPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	133.51%	45.54%	+87.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.51%	54.49%	+79.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.51%	54.49%	+79.02%

OKTG vs. AAPX - Expense Ratio Comparison

OKTG has a 0.75% expense ratio, which is lower than AAPX's 1.05% expense ratio.

Dividends

OKTG vs. AAPX - Dividend Comparison

OKTG has not paid dividends to shareholders, while AAPX's dividend yield for the trailing twelve months is around 0.61%.

Position	TTM	2025	2024
AAPX T-Rex 2X Long Apple Daily Target ETF	0.61%	0.67%	21.46%
OKTG Leverage Shares 2X Long OKTA Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OKTG and AAPX in my portfolio?

OKTG and AAPX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OKTG or AAPX?

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, OKTG or AAPX?

OKTG is cheaper with a 0.75% expense ratio, compared with 1.05% for AAPX.

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

AAPX has the higher dividend yield at 0.61%, compared with 0.00% for OKTG.

What is the main difference between OKTG and AAPX?

They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for OKTG and 1.05% for AAPX.