OKTG vs. XPP

Last updated Jun 4, 2026

OKTG (Leverage Shares 2X Long OKTA Daily ETF) and XPP (ProShares Ultra FTSE China 50) are both Leveraged Equities funds. OKTG is actively managed, while XPP is passively managed. At a 0.00 correlation, their price movements are largely independent. OKTG charges 0.75%/yr vs 0.95%/yr for XPP.

Performance

OKTG vs. XPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long OKTA Daily ETF (OKTG) and ProShares Ultra FTSE China 50 (XPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OKTG achieves a 58.00% return, which is significantly higher than XPP's -17.68% return.

OKTG

• 1D: -16.25%
• 1M: 133.83%
• YTD: 58.00%
• 6M: 55.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XPP

• 1D: -4.83%
• 1M: -6.40%
• YTD: -17.68%
• 6M: -20.01%
• 1Y: -5.89%
• 3Y*: 7.34%
• 5Y*: -20.12%
• 10Y*: -5.30%

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

OKTG vs. XPP - Yearly Performance Comparison

	2026 (YTD)	2025
OKTG Leverage Shares 2X Long OKTA Daily ETF	58.00%	10.38%
XPP ProShares Ultra FTSE China 50	-17.68%	-5.54%

Correlation

The correlation between OKTG and XPP is 0.00, 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	0.00

Return for Risk

OKTG vs. XPP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XPP

XPP Risk / Return Rank: 7
XPP Sharpe Ratio Rank: 7
XPP Sortino Ratio Rank: 8
XPP Omega Ratio Rank: 8
XPP Calmar Ratio Rank: 7
XPP Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OKTG vs. XPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OKTA Daily ETF (OKTG) and ProShares Ultra FTSE China 50 (XPP). 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.

Sharpe Ratios by Period

	OKTG	XPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.15	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	-0.09	+1.43

Drawdowns

OKTG vs. XPP - Drawdown Comparison

The maximum OKTG drawdown since its inception was -60.69%, smaller than the maximum XPP drawdown of -89.90%. Use the drawdown chart below to compare losses from any high point for OKTG and XPP.

Drawdown Indicators

	OKTG	XPP	Difference
Max Drawdown Largest peak-to-trough decline	-60.69%	-89.90%	+29.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-32.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-52.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-85.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.90%	—
Current Drawdown Current decline from peak	-21.91%	-78.21%	+56.30%
Average Drawdown Average peak-to-trough decline	-23.37%	-47.82%	+24.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.95%	—

Volatility

Volatility by Period

	OKTG	XPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	137.60%	39.27%	+98.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.60%	62.75%	+74.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.60%	54.91%	+82.69%

OKTG vs. XPP - Expense Ratio Comparison

OKTG has a 0.75% expense ratio, which is lower than XPP's 0.95% expense ratio.

Dividends

OKTG vs. XPP - Dividend Comparison

OKTG has not paid dividends to shareholders, while XPP's dividend yield for the trailing twelve months is around 2.63%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
XPP ProShares Ultra FTSE China 50	2.63%	2.32%	2.96%	2.87%	0.00%	0.00%	0.00%	3.81%	1.47%

Frequently Asked Questions

Can I hold both OKTG and XPP in my portfolio?

OKTG and XPP have a correlation of 0.00, 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 XPP?

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 XPP?

OKTG is cheaper with a 0.75% expense ratio, compared with 0.95% for XPP.

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

XPP has the higher dividend yield at 2.63%, compared with 0.00% for OKTG.

What is the main difference between OKTG and XPP?

They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for OKTG and 0.95% for XPP.