SSG vs. OKTG

Last updated Aug 2, 2026

SSG (Proshares Ultrashort Semiconductors) and OKTG (Leverage Shares 2X Long OKTA Daily ETF) are both Leveraged Equities funds. SSG is passively managed, while OKTG is actively managed. Their -0.13 correlation means they have often moved in opposite directions in the past. SSG charges 0.95%/yr vs 0.75%/yr for OKTG.

Performance

SSG vs. OKTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultrashort Semiconductors (SSG) and Leverage Shares 2X Long OKTA Daily ETF (OKTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSG achieves a -54.20% return, which is significantly lower than OKTG's 93.46% return.

SSG

• 1D: -1.00%
• 1M: 3.51%
• 6M: -48.20%
• YTD: -54.20%
• 1Y: -68.86%
• 3Y*: -71.03%
• 5Y*: -64.98%
• 10Y*: -60.80%
• ALL TIME*: -48.52%

OKTG

• 1D: 2.20%
• 1M: -2.49%
• 6M: 107.76%
• YTD: 93.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OKTG Leverage Shares 2X Long OKTA Daily ETF	$268.28K	$488.97K	$1.00M
SSG Proshares Ultrashort Semiconductors	$11.79M	$12.75M	$12.54M

SSG vs. OKTG - Yearly Performance Comparison

	2026 (YTD)	2025
SSG Proshares Ultrashort Semiconductors	-54.20%	-3.58%
OKTG Leverage Shares 2X Long OKTA Daily ETF	93.46%	5.90%

Correlation

The correlation between SSG and OKTG is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.13

Return for Risk

SSG vs. OKTG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SSG

SSG Risk / Return Rank: 1
SSG Sharpe Ratio Rank: 2
SSG Sortino Ratio Rank: 2
SSG Omega Ratio Rank: 2
SSG Calmar Ratio Rank: 1
SSG Martin Ratio Rank: 0

OKTG

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SSG vs. OKTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) and Leverage Shares 2X Long OKTA Daily ETF (OKTG). 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.

	SSG	OKTG	Difference
Sharpe ratio: Return per unit of total volatility	-0.91	—	—
Sortino ratio: Return per unit of downside risk	-1.58	—	—
Omega ratio: Gain probability vs. loss probability	0.83	—	—
Calmar ratio: Return relative to maximum drawdown	-0.90	—	—
Martin ratio: Return relative to average drawdown	-1.50	—	—

Drawdowns

SSG vs. OKTG - Drawdown Comparison

The maximum SSG drawdown since its inception was -100.00%, which is greater than OKTG's maximum drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for SSG and OKTG.

Drawdown Indicators

	SSG	OKTG	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-60.69%	-39.31%
Max Drawdown (1Y) Largest decline over 1 year	-75.10%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-98.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	—	—
Current Drawdown Current decline from peak	-100.00%	-16.69%	-83.31%
Average Drawdown Average peak-to-trough decline	-88.67%	-22.50%	-66.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.99%	—	—

Volatility

Volatility by Period

	SSG	OKTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	62.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	74.90%	130.11%	-55.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.59%	130.11%	-50.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.22%	130.11%	-59.89%

SSG vs. OKTG - Expense Ratio Comparison

SSG has a 0.95% expense ratio, which is higher than OKTG's 0.75% expense ratio.

Dividends

SSG vs. OKTG - Dividend Comparison

SSG's dividend yield for the trailing twelve months is around 8.90%, while OKTG has not paid dividends to shareholders.

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%
SSG Proshares Ultrashort Semiconductors	8.90%	9.19%	7.67%	6.73%	0.75%	0.00%	0.34%	1.81%	0.62%

Frequently Asked Questions

Can I hold both SSG and OKTG in my portfolio?

SSG and OKTG have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SSG or OKTG?

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, SSG or OKTG?

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

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

SSG has the higher dividend yield at 8.90%, compared with 0.00% for OKTG.

What is the main difference between SSG and OKTG?

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