OKTG vs. PLU

Last updated Jul 14, 2026

OKTG (Leverage Shares 2X Long OKTA Daily ETF) and PLU (Defiance Daily Target 2X Long PL ETF) are both Leveraged Equities funds. OKTG is actively managed, while PLU is passively managed. At a 0.21 correlation, their price movements are largely independent. OKTG charges 0.75%/yr vs 1.31%/yr for PLU.

Performance

OKTG vs. PLU - 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 PL ETF (PLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OKTG

• 1D: 1.18%
• 1M: 39.50%
• 6M: 64.54%
• YTD: 90.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLU

• 1D: -0.66%
• 1M: -36.50%
• 6M: -49.51%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKTG vs. PLU - Yearly Performance Comparison

	2026 (YTD)
OKTG Leverage Shares 2X Long OKTA Daily ETF	75.50%
PLU Defiance Daily Target 2X Long PL ETF	-30.41%

Correlation

The correlation between OKTG and PLU is 0.21, 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 Jan 7, 2026	0.21

Return for Risk

OKTG vs. PLU - 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 PL ETF (PLU). 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.

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

Drawdowns

OKTG vs. PLU - Drawdown Comparison

The maximum OKTG drawdown since its inception was -60.69%, smaller than the maximum PLU drawdown of -80.79%. Use the drawdown chart below to compare losses from any high point for OKTG and PLU.

Drawdown Indicators

	OKTG	PLU	Difference
Max Drawdown Largest peak-to-trough decline	-60.69%	-80.79%	+20.10%
Current Drawdown Current decline from peak	-12.99%	-80.79%	+67.80%
Average Drawdown Average peak-to-trough decline	-23.11%	-29.23%	+6.12%

Volatility

Volatility by Period

	OKTG	PLU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	131.39%	208.46%	-77.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	131.39%	208.46%	-77.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	131.39%	208.46%	-77.07%

OKTG vs. PLU - Expense Ratio Comparison

OKTG has a 0.75% expense ratio, which is lower than PLU's 1.31% expense ratio.

Dividends

OKTG vs. PLU - Dividend Comparison

Neither OKTG nor PLU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OKTG and PLU in my portfolio?

OKTG and PLU have a correlation of 0.21, 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 PLU?

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 PLU?

OKTG is cheaper with a 0.75% expense ratio, compared with 1.31% for PLU.

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

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

What is the main difference between OKTG and PLU?

They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for OKTG and 1.31% for PLU.