OKTG vs. SOXL
OKTG (Leverage Shares 2X Long OKTA Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. OKTG is actively managed, while SOXL is passively managed. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
OKTG vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, OKTG achieves a 55.43% return, which is significantly lower than SOXL's 525.03% return.
OKTG
- 1D
- -1.63%
- 1M
- 126.83%
- YTD
- 55.43%
- 6M
- 55.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- -6.36%
- 1M
- 82.23%
- YTD
- 525.03%
- 6M
- 481.71%
- 1Y
- 1,280.87%
- 3Y*
- 133.82%
- 5Y*
- 46.78%
- 10Y*
- 64.43%
OKTG vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKTG Leverage Shares 2X Long OKTA Daily ETF | 55.43% | 10.38% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 525.03% | 14.09% |
Correlation
The correlation between OKTG and SOXL is 0.08, 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 18, 2025 | 0.08 |
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Return for Risk
OKTG vs. SOXL — Risk / Return Rank
OKTG
SOXL
OKTG vs. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). 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.
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Sharpe Ratios by Period
| OKTG | SOXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 12.69 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.51 | +0.75 |
Drawdowns
OKTG vs. SOXL - Drawdown Comparison
The maximum OKTG drawdown since its inception was -60.69%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for OKTG and SOXL.
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Drawdown Indicators
| OKTG | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.69% | -90.46% | +29.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -43.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -87.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -23.19% | -6.36% | -16.83% |
Average DrawdownAverage peak-to-trough decline | -23.37% | -35.01% | +11.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.66% | — |
Volatility
OKTG vs. SOXL - Volatility Comparison
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Volatility by Period
| OKTG | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 41.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 81.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 137.13% | 102.16% | +34.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.13% | 107.25% | +29.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.13% | 99.05% | +38.08% |
OKTG vs. SOXL - Expense Ratio Comparison
Both OKTG and SOXL have an expense ratio of 0.75%.
Dividends
OKTG vs. SOXL - Dividend Comparison
OKTG has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.03% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
OKTG and SOXL have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
OKTG and SOXL have the same expense ratio: 0.75% per year.
SOXL has the higher dividend yield at 0.03%, compared with 0.00% for OKTG.
They also come from different issuers: Leverage Shares and Direxion.
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