TPOR vs. OKTG

Last updated Aug 2, 2026

TPOR (Direxion Daily Transportation Bull 3X Shares) and OKTG (Leverage Shares 2X Long OKTA Daily ETF) are both Leveraged Equities funds. TPOR is passively managed, while OKTG is actively managed. Their 0.23 correlation means their historical movements had little consistent relationship. TPOR charges 1.01%/yr vs 0.75%/yr for OKTG.

Performance

TPOR vs. OKTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Transportation Bull 3X Shares (TPOR) 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, TPOR achieves a 30.85% return, which is significantly lower than OKTG's 93.46% return.

TPOR

• 1D: -0.03%
• 1M: -11.11%
• 6M: 22.45%
• YTD: 30.85%
• 1Y: 71.71%
• 3Y*: 4.30%
• 5Y*: 1.96%
• 10Y*: —
• ALL TIME*: 6.83%

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
TPOR Direxion Daily Transportation Bull 3X Shares	$962.17K	$1.03M	$940.74K

TPOR vs. OKTG - Yearly Performance Comparison

	2026 (YTD)	2025
TPOR Direxion Daily Transportation Bull 3X Shares	30.85%	11.74%
OKTG Leverage Shares 2X Long OKTA Daily ETF	93.46%	5.90%

Correlation

The correlation between TPOR and OKTG is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.23

Return for Risk

TPOR vs. OKTG — Risk / Return Rank

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

TPOR

TPOR Risk / Return Rank: 46
TPOR Sharpe Ratio Rank: 42
TPOR Sortino Ratio Rank: 45
TPOR Omega Ratio Rank: 44
TPOR Calmar Ratio Rank: 50
TPOR Martin Ratio Rank: 49

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.

TPOR vs. OKTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) 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.

	TPOR	OKTG	Difference
Sharpe ratio: Return per unit of total volatility	1.04	—	—
Sortino ratio: Return per unit of downside risk	1.65	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	5.57	—	—

Drawdowns

TPOR vs. OKTG - Drawdown Comparison

The maximum TPOR drawdown since its inception was -87.59%, which is greater than OKTG's maximum drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for TPOR and OKTG.

Drawdown Indicators

	TPOR	OKTG	Difference
Max Drawdown Largest peak-to-trough decline	-87.59%	-60.69%	-26.90%
Max Drawdown (1Y) Largest decline over 1 year	-34.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-64.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-74.08%	—	—
Current Drawdown Current decline from peak	-30.25%	-16.69%	-13.56%
Average Drawdown Average peak-to-trough decline	-38.45%	-22.50%	-15.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.04%	—	—

Volatility

Volatility by Period

	TPOR	OKTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	59.38%	130.11%	-70.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.86%	130.11%	-62.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.74%	130.11%	-59.37%

TPOR vs. OKTG - Expense Ratio Comparison

TPOR has a 1.01% expense ratio, which is higher than OKTG's 0.75% expense ratio.

Dividends

TPOR vs. OKTG - Dividend Comparison

TPOR's dividend yield for the trailing twelve months is around 0.57%, while OKTG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TPOR Direxion Daily Transportation Bull 3X Shares	0.57%	0.91%	1.43%	1.51%	0.00%	0.00%	0.10%	0.96%	1.22%	8.70%

Frequently Asked Questions

Can I hold both TPOR and OKTG in my portfolio?

TPOR and OKTG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPOR 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, TPOR or OKTG?

OKTG is cheaper with a 0.75% expense ratio, compared with 1.01% for TPOR.

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

TPOR has the higher dividend yield at 0.57%, compared with 0.00% for OKTG.

What is the main difference between TPOR and OKTG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.01% for TPOR and 0.75% for OKTG.