OKTG vs. BU

Last updated Jun 4, 2026

OKTG (Leverage Shares 2X Long OKTA Daily ETF) and BU (Defiance Daily Target 2X Long B ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. OKTG charges 0.75%/yr vs 1.29%/yr for BU.

Performance

OKTG vs. BU - Performance Comparison

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

Returns By Period

In the year-to-date period, OKTG achieves a 58.00% return, which is significantly higher than BU's -20.39% return.

OKTG

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

BU

• 1D: -5.94%
• 1M: 15.42%
• YTD: -20.39%
• 6M: -9.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKTG vs. BU - Yearly Performance Comparison

	2026 (YTD)	2025
OKTG Leverage Shares 2X Long OKTA Daily ETF	58.00%	13.85%
BU Defiance Daily Target 2X Long B ETF	-20.39%	29.45%

Correlation

The correlation between OKTG and BU is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.03

Return for Risk

OKTG vs. BU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OKTA Daily ETF (OKTG) and Defiance Daily Target 2X Long B ETF (BU). 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	BU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.06	+1.27

Drawdowns

OKTG vs. BU - Drawdown Comparison

The maximum OKTG drawdown since its inception was -60.69%, which is greater than BU's maximum drawdown of -53.98%. Use the drawdown chart below to compare losses from any high point for OKTG and BU.

Drawdown Indicators

	OKTG	BU	Difference
Max Drawdown Largest peak-to-trough decline	-60.69%	-53.98%	-6.71%
Current Drawdown Current decline from peak	-21.91%	-45.10%	+23.19%
Average Drawdown Average peak-to-trough decline	-23.37%	-25.32%	+1.95%

Volatility

Volatility by Period

	OKTG	BU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	137.60%	97.59%	+40.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.60%	97.59%	+40.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.60%	97.59%	+40.01%

OKTG vs. BU - Expense Ratio Comparison

OKTG has a 0.75% expense ratio, which is lower than BU's 1.29% expense ratio.

Dividends

OKTG vs. BU - Dividend Comparison

Neither OKTG nor BU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OKTG and BU in my portfolio?

OKTG and BU have a correlation of 0.03, 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 BU?

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 BU?

OKTG is cheaper with a 0.75% expense ratio, compared with 1.29% for BU.

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

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

What is the main difference between OKTG and BU?

They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for OKTG and 1.29% for BU.