OKTG vs. HDV
OKTG (Leverage Shares 2X Long OKTA Daily ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - OKTG is a Leveraged Equities fund actively managed by Leverage Shares, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. OKTG is actively managed, while HDV is passively managed. Their -0.18 correlation means they have often moved in opposite directions in the past. OKTG charges 0.75%/yr vs 0.08%/yr for HDV.
Performance
OKTG vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, OKTG achieves a 93.46% return, which is significantly higher than HDV's 20.03% return.
OKTG
- 1D
- 2.20%
- 1M
- -2.49%
- 6M
- 107.76%
- YTD
- 93.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HDV
- 1D
- 0.03%
- 1M
- 2.79%
- 6M
- 10.43%
- YTD
- 20.03%
- 1Y
- 25.63%
- 3Y*
- 15.43%
- 5Y*
- 12.05%
- 10Y*
- 9.66%
- ALL TIME*
- 10.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $196.84M | $160.55M | $106.56M | |
| $268.28K | $488.97K | $1.00M |
OKTG vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKTG Leverage Shares 2X Long OKTA Daily ETF | 93.46% | 5.90% |
HDV iShares Core High Dividend ETF | 20.03% | 0.49% |
Correlation
The correlation between OKTG and HDV is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.18 |
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Return for Risk
OKTG vs. HDV — Risk / Return Rank
OKTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HDV
OKTG vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OKTA Daily ETF (OKTG) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.98 | — |
| Martin ratioReturn relative to average drawdown | — | 13.63 | — |
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Drawdowns
OKTG vs. HDV - Drawdown Comparison
The maximum OKTG drawdown since its inception was -60.69%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for OKTG and HDV.
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Drawdown Indicators
| OKTG | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.69% | -37.04% | -23.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -16.69% | -1.41% | -15.28% |
Average DrawdownAverage peak-to-trough decline | -22.50% | -3.06% | -19.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.89% | — |
Volatility
OKTG vs. HDV - Volatility Comparison
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Volatility by Period
| OKTG | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 130.11% | 10.85% | +119.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 130.11% | 12.95% | +117.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.11% | 15.78% | +114.33% |
OKTG vs. HDV - Expense Ratio Comparison
OKTG has a 0.75% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
OKTG vs. HDV - Dividend Comparison
OKTG has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 3.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.07% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
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 HDV have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDV is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDV is cheaper with a 0.08% expense ratio, compared with 0.75% for OKTG.
HDV has the higher dividend yield at 3.07%, compared with 0.00% for OKTG.
OKTG is categorized as Leveraged Equities, while HDV is Dividend. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for OKTG and 0.08% for HDV.
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