OKTG vs. ADBU

Last updated Jun 4, 2026

OKTG (Leverage Shares 2X Long OKTA Daily ETF) and ADBU (Direxion Daily ADBE Bull 2X ETF) are both Leveraged Equities funds. OKTG is actively managed, while ADBU is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. OKTG charges 0.75%/yr vs 0.97%/yr for ADBU.

Performance

OKTG vs. ADBU - Performance Comparison

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

Returns By Period

OKTG

• 1D: -16.25%
• 1M: 133.83%
• YTD: 58.00%
• 6M: 55.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADBU

• 1D: -4.40%
• 1M: -0.73%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKTG vs. ADBU - Yearly Performance Comparison

	2026 (YTD)
OKTG Leverage Shares 2X Long OKTA Daily ETF	114.04%
ADBU Direxion Daily ADBE Bull 2X ETF	9.96%

Correlation

The correlation between OKTG and ADBU is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	0.74

Return for Risk

OKTG vs. ADBU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OKTA Daily ETF (OKTG) and Direxion Daily ADBE Bull 2X ETF (ADBU). 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.

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

Sharpe Ratios by Period

	OKTG	ADBU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.73	+0.61

Drawdowns

OKTG vs. ADBU - Drawdown Comparison

The maximum OKTG drawdown since its inception was -60.69%, which is greater than ADBU's maximum drawdown of -16.09%. Use the drawdown chart below to compare losses from any high point for OKTG and ADBU.

Drawdown Indicators

	OKTG	ADBU	Difference
Max Drawdown Largest peak-to-trough decline	-60.69%	-16.09%	-44.60%
Current Drawdown Current decline from peak	-21.91%	-12.99%	-8.92%
Average Drawdown Average peak-to-trough decline	-23.37%	-6.33%	-17.04%

Volatility

Volatility by Period

	OKTG	ADBU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	137.60%	90.05%	+47.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.60%	90.05%	+47.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.60%	90.05%	+47.55%

OKTG vs. ADBU - Expense Ratio Comparison

OKTG has a 0.75% expense ratio, which is lower than ADBU's 0.97% expense ratio.

Dividends

OKTG vs. ADBU - Dividend Comparison

Neither OKTG nor ADBU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OKTG and ADBU in my portfolio?

OKTG and ADBU have a correlation of 0.74, 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 ADBU?

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 ADBU?

OKTG is cheaper with a 0.75% expense ratio, compared with 0.97% for ADBU.

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

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

What is the main difference between OKTG and ADBU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for OKTG and 0.97% for ADBU.