TSLL vs. OKTG

Last updated Jul 17, 2026

TSLL (Direxion Daily TSLA Bull 2X ETF) and OKTG (Leverage Shares 2X Long OKTA Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. TSLL charges 0.83%/yr vs 0.75%/yr for OKTG.

Performance

TSLL vs. OKTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TSLA Bull 2X ETF (TSLL) 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, TSLL achieves a -36.12% return, which is significantly lower than OKTG's 110.88% return.

TSLL

• 1D: -1.64%
• 1M: -9.93%
• 6M: -32.10%
• YTD: -36.12%
• 1Y: 7.23%
• 3Y*: -11.73%
• 5Y*: —
• 10Y*: —

OKTG

• 1D: -4.61%
• 1M: 54.71%
• 6M: 88.98%
• YTD: 110.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLL vs. OKTG - Yearly Performance Comparison

	2026 (YTD)	2025
TSLL Direxion Daily TSLA Bull 2X ETF	-36.12%	19.34%
OKTG Leverage Shares 2X Long OKTA Daily ETF	110.88%	5.90%

Correlation

The correlation between TSLL and OKTG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

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

Return for Risk

TSLL vs. OKTG — Risk / Return Rank

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

TSLL

TSLL Risk / Return Rank: 13
TSLL Sharpe Ratio Rank: 11
TSLL Sortino Ratio Rank: 17
TSLL Omega Ratio Rank: 16
TSLL Calmar Ratio Rank: 11
TSLL Martin Ratio Rank: 11

OKTG

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

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.

TSLL vs. OKTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) 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.

	TSLL	OKTG	Difference
Sharpe ratio: Return per unit of total volatility	0.08	—	—
Sortino ratio: Return per unit of downside risk	0.76	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.13	—	—
Martin ratio: Return relative to average drawdown	0.25	—	—

Drawdowns

TSLL vs. OKTG - Drawdown Comparison

The maximum TSLL drawdown since its inception was -82.88%, which is greater than OKTG's maximum drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for TSLL and OKTG.

Drawdown Indicators

	TSLL	OKTG	Difference
Max Drawdown Largest peak-to-trough decline	-82.88%	-60.69%	-22.19%
Max Drawdown (1Y) Largest decline over 1 year	-54.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-82.88%	—	—
Current Drawdown Current decline from peak	-67.74%	-9.20%	-58.54%
Average Drawdown Average peak-to-trough decline	-54.11%	-22.77%	-31.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.95%	—	—

Volatility

Volatility by Period

	TSLL	OKTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	62.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	89.11%	133.12%	-44.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.11%	133.12%	-26.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.11%	133.12%	-26.01%

TSLL vs. OKTG - Expense Ratio Comparison

TSLL has a 0.83% expense ratio, which is higher than OKTG's 0.75% expense ratio.

Dividends

TSLL vs. OKTG - Dividend Comparison

TSLL's dividend yield for the trailing twelve months is around 8.20%, while OKTG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
OKTG Leverage Shares 2X Long OKTA Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%
TSLL Direxion Daily TSLA Bull 2X ETF	8.20%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both TSLL and OKTG in my portfolio?

TSLL 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, TSLL 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, TSLL or OKTG?

OKTG is cheaper with a 0.75% expense ratio, compared with 0.83% for TSLL.

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

TSLL has the higher dividend yield at 8.20%, compared with 0.00% for OKTG.

What is the main difference between TSLL and OKTG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.83% for TSLL and 0.75% for OKTG.