OKTG vs. TSMG
OKTG (Leverage Shares 2X Long OKTA Daily ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
OKTG vs. TSMG - Performance Comparison
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Returns By Period
In the year-to-date period, OKTG achieves a 58.00% return, which is significantly lower than TSMG's 86.06% return.
OKTG
- 1D
- -16.25%
- 1M
- 133.83%
- YTD
- 58.00%
- 6M
- 55.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMG
- 1D
- -4.26%
- 1M
- 15.77%
- YTD
- 86.06%
- 6M
- 95.35%
- 1Y
- 297.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OKTG vs. TSMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKTG Leverage Shares 2X Long OKTA Daily ETF | 58.00% | 10.38% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 86.06% | 14.12% |
Correlation
The correlation between OKTG and TSMG 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 18, 2025 | 0.05 |
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Return for Risk
OKTG vs. TSMG — Risk / Return Rank
OKTG
TSMG
OKTG vs. TSMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OKTA Daily ETF (OKTG) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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 | TSMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 1.69 | -0.36 |
Drawdowns
OKTG vs. TSMG - Drawdown Comparison
The maximum OKTG drawdown since its inception was -60.69%, roughly equal to the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for OKTG and TSMG.
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Drawdown Indicators
| OKTG | TSMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.69% | -63.67% | +2.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.29% | — |
Current DrawdownCurrent decline from peak | -21.91% | -4.26% | -17.65% |
Average DrawdownAverage peak-to-trough decline | -23.37% | -16.98% | -6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.79% | — |
Volatility
OKTG vs. TSMG - Volatility Comparison
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Volatility by Period
| OKTG | TSMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 23.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 137.60% | 71.74% | +65.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.60% | 81.06% | +56.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.60% | 81.06% | +56.54% |
OKTG vs. TSMG - Expense Ratio Comparison
Both OKTG and TSMG have an expense ratio of 0.75%.
Dividends
OKTG vs. TSMG - Dividend Comparison
OKTG has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 6.17%.
| Position | TTM | 2025 |
|---|---|---|
OKTG Leverage Shares 2X Long OKTA Daily ETF | 0.00% | 0.00% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 6.17% | 11.48% |
Frequently Asked Questions
OKTG and TSMG 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.
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 TSMG have the same expense ratio: 0.75% per year.
TSMG has the higher dividend yield at 6.17%, compared with 0.00% for OKTG.
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