OKTG vs. HDEF
OKTG (Leverage Shares 2X Long OKTA Daily ETF) and HDEF (Xtrackers MSCI EAFE High Dividend Yield Equity ETF) are both exchange-traded funds - OKTG is a Leveraged Equities fund actively managed by Leverage Shares, while HDEF is a Foreign Large Cap Equities fund tracking the MSCI EAFE High Dividend Yield US Dollar Hedged Index. OKTG is actively managed, while HDEF is passively managed. At a correlation of -0.05, they often move in opposite directions. OKTG charges 0.75%/yr vs 0.20%/yr for HDEF.
Performance
OKTG vs. HDEF - Performance Comparison
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Returns By Period
In the year-to-date period, OKTG achieves a 110.88% return, which is significantly higher than HDEF's 9.88% return.
OKTG
- 1D
- -4.61%
- 1M
- 54.71%
- 6M
- 88.98%
- YTD
- 110.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDEF
- 1D
- 0.45%
- 1M
- 3.44%
- 6M
- 9.67%
- YTD
- 9.88%
- 1Y
- 19.83%
- 3Y*
- 16.97%
- 5Y*
- 11.47%
- 10Y*
- 8.85%
OKTG vs. HDEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKTG Leverage Shares 2X Long OKTA Daily ETF | 110.88% | 5.90% |
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 9.88% | 2.66% |
Correlation
The correlation between OKTG and HDEF is -0.05, 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 17, 2025 | -0.05 |
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Return for Risk
OKTG vs. HDEF — Risk / Return Rank
OKTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HDEF
OKTG vs. HDEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OKTA Daily ETF (OKTG) and Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF). 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 | HDEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.48 | — |
| Martin ratioReturn relative to average drawdown | — | 6.97 | — |
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Drawdowns
OKTG vs. HDEF - Drawdown Comparison
The maximum OKTG drawdown since its inception was -60.69%, which is greater than HDEF's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for OKTG and HDEF.
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Drawdown Indicators
| OKTG | HDEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.69% | -36.43% | -24.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.43% | — |
Current DrawdownCurrent decline from peak | -9.20% | -0.35% | -8.85% |
Average DrawdownAverage peak-to-trough decline | -22.77% | -5.04% | -17.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.85% | — |
Volatility
OKTG vs. HDEF - Volatility Comparison
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Volatility by Period
| OKTG | HDEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 133.12% | 11.78% | +121.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 133.12% | 14.15% | +118.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.12% | 16.11% | +117.01% |
OKTG vs. HDEF - Expense Ratio Comparison
OKTG has a 0.75% expense ratio, which is higher than HDEF's 0.20% expense ratio.
Dividends
OKTG vs. HDEF - Dividend Comparison
OKTG has not paid dividends to shareholders, while HDEF's dividend yield for the trailing twelve months is around 3.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 3.78% | 3.88% | 4.53% | 4.38% | 5.41% | 4.76% | 3.93% | 4.20% | 3.55% | 3.38% | 9.53% | 1.87% |
OKTG Leverage Shares 2X Long OKTA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OKTG and HDEF have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDEF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDEF is cheaper with a 0.20% expense ratio, compared with 0.75% for OKTG.
HDEF has the higher dividend yield at 3.78%, compared with 0.00% for OKTG.
OKTG is categorized as Leveraged Equities, while HDEF is Foreign Large Cap Equities. They also come from different issuers: Leverage Shares and Deutsche Bank. Their fees differ too: 0.75% for OKTG and 0.20% for HDEF.
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