OKTG vs. XPP

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long OKTA Daily ETF (OKTG) and ProShares Ultra FTSE China 50 (XPP).

OKTG and XPP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OKTG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025. XPP is a passively managed fund by ProShares that tracks the performance of the FTSE/Xinhua China 25 Index (200%). It was launched on Jun 2, 2009.

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.

OKTG vs. XPP - Yearly Performance Comparison

	2026 (YTD)	2025
OKTG Leverage Shares 2X Long OKTA Daily ETF	-26.01%	10.38%
XPP ProShares Ultra FTSE China 50	-14.59%	-5.54%

Returns By Period

In the year-to-date period, OKTG achieves a -26.01% return, which is significantly lower than XPP's -14.59% return.

OKTG

• 1D: 8.49%
• 1M: 12.91%
• YTD: -26.01%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XPP

• 1D: 5.09%
• 1M: -8.06%
• YTD: -14.59%
• 6M: -26.23%
• 1Y: -6.76%
• 3Y*: 2.42%
• 5Y*: -20.09%
• 10Y*: -4.96%

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

OKTG vs. XPP - Expense Ratio Comparison

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

XPP

ProShares Ultra FTSE China 50

OKTG

Leverage Shares 2X Long OKTA Daily ETF

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: 10
XPP Sharpe Ratio Rank: 9
XPP Sortino Ratio Rank: 12
XPP Omega Ratio Rank: 12
XPP Calmar Ratio Rank: 9
XPP Martin Ratio Rank: 8

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	—	-0.14	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.09	-0.36

Correlation

The correlation between OKTG and XPP is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 2.54%.

	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	2.54%	2.32%	2.96%	2.87%	0.00%	0.00%	0.00%	3.81%	1.47%

Drawdowns

OKTG vs. XPP - Drawdown Comparison

The maximum OKTG drawdown since its inception was -48.03%, 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	-48.03%	-89.90%	+41.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-32.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-85.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.90%	—
Current Drawdown Current decline from peak	-36.76%	-77.40%	+40.64%
Average Drawdown Average peak-to-trough decline	-17.18%	-47.52%	+30.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.67%	—

Volatility

Volatility by Period

	OKTG	XPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	96.24%	47.42%	+48.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.24%	62.68%	+33.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.24%	54.98%	+41.26%