TSLT vs. OKTG

Last updated Aug 2, 2026

TSLT (T-Rex 2X Long Tesla Daily Target ETF) and OKTG (Leverage Shares 2X Long OKTA Daily ETF) are both Leveraged Equities funds. TSLT is passively managed, while OKTG is actively managed. Their 0.22 correlation means their historical movements had little consistent relationship. TSLT charges 1.05%/yr vs 0.75%/yr for OKTG.

Performance

TSLT vs. OKTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Tesla Daily Target ETF (TSLT) 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, TSLT achieves a -61.81% return, which is significantly lower than OKTG's 93.46% return.

TSLT

• 1D: 1.29%
• 1M: -40.70%
• 6M: -57.20%
• YTD: -61.81%
• 1Y: -27.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -23.82%

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
TSLT T-Rex 2X Long Tesla Daily Target ETF	$37.83M	$41.41M	$54.11M

TSLT vs. OKTG - Yearly Performance Comparison

	2026 (YTD)	2025
TSLT T-Rex 2X Long Tesla Daily Target ETF	-61.81%	19.13%
OKTG Leverage Shares 2X Long OKTA Daily ETF	93.46%	5.90%

Correlation

The correlation between TSLT and OKTG is 0.22, 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	0.22

Return for Risk

TSLT vs. OKTG — Risk / Return Rank

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

TSLT

TSLT Risk / Return Rank: 8
TSLT Sharpe Ratio Rank: 7
TSLT Sortino Ratio Rank: 11
TSLT Omega Ratio Rank: 10
TSLT Calmar Ratio Rank: 6
TSLT Martin Ratio Rank: 5

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.

TSLT vs. OKTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Tesla Daily Target ETF (TSLT) 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.

	TSLT	OKTG	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	—	—
Sortino ratio: Return per unit of downside risk	0.12	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.43	—	—
Martin ratio: Return relative to average drawdown	-0.94	—	—

Drawdowns

TSLT vs. OKTG - Drawdown Comparison

The maximum TSLT drawdown since its inception was -83.16%, which is greater than OKTG's maximum drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for TSLT and OKTG.

Drawdown Indicators

	TSLT	OKTG	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-60.69%	-22.47%
Max Drawdown (1Y) Largest decline over 1 year	-70.65%	—	—
Current Drawdown Current decline from peak	-81.45%	-16.69%	-64.76%
Average Drawdown Average peak-to-trough decline	-51.45%	-22.50%	-28.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.01%	—	—

Volatility

Volatility by Period

	TSLT	OKTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	70.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	92.45%	130.11%	-37.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.71%	130.11%	-12.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.71%	130.11%	-12.40%

TSLT vs. OKTG - Expense Ratio Comparison

TSLT has a 1.05% expense ratio, which is higher than OKTG's 0.75% expense ratio.

Dividends

TSLT vs. OKTG - Dividend Comparison

Neither TSLT nor OKTG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TSLT and OKTG in my portfolio?

TSLT and OKTG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSLT 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, TSLT or OKTG?

OKTG is cheaper with a 0.75% expense ratio, compared with 1.05% for TSLT.

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

TSLT and OKTG have nearly identical dividend yields, around 0.00%.

What is the main difference between TSLT and OKTG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.05% for TSLT and 0.75% for OKTG.