- CUSIP
- 88636V678
- Issuer
- Defiance
- Inception Date
- Jun 23, 2025
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $222M
Share Price Chart
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Performance
OKLL Performance Chart
Defiance Daily Target 2x Long OKLO ETF (OKLL) is down 63.0% since the beginning of the year. OKLL is currently trading at $6 per share.
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Returns By Period
Defiance Daily Target 2x Long OKLO ETF
- 1D
- -9.34%
- 1M
- -27.62%
- YTD
- -62.97%
- 6M
- -72.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
OKLL Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 2025, OKLL's average daily return is +0.29%, while the average monthly return is +2.38%. At this rate, an investment would double in approximately 2.5 years.
Historically, 38% of months were positive and 62% were negative. The best month was Sep 2025 with a return of +101.4%, while the worst month was Nov 2025 at -58.4%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.
On a daily basis, OKLL closed higher 50% of trading days. The best single day was Sep 19, 2025 with a return of +57.8%, while the worst single day was Dec 12, 2025 at -29.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.69% | -44.05% | -42.27% | 89.42% | -23.12% | -29.51% | -62.97% | ||||||
| 2025 | -9.96% | 72.67% | -14.05% | 101.37% | 22.66% | -58.39% | -45.46% | -25.10% |
Benchmark Metrics
Defiance Daily Target 2x Long OKLO ETF has an annualized alpha of -65.59%, beta of 7.93, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since June 24, 2025.
- This ETF participated in 490.94% of S&P 500 Index downside but only 404.90% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.24 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -65.59%
- Beta
- 7.93
- R²
- 0.24
- Upside Capture
- 404.90%
- Downside Capture
- 490.94%
Expense Ratio
OKLL has a high expense ratio of 1.31%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and compare them to S&P 500 Index.
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.
| OKLL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance Daily Target 2x Long OKLO ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance Daily Target 2x Long OKLO ETF was 96.29%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Defiance Daily Target 2x Long OKLO ETF drawdown is 95.52%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -96.29%Mar 2026 | 5mo 16d | — | 8mo 11dOct 2025 - now |
2025 bear market2025 | -41.76%Sep 2025 | 2d | 17d | 19dSep 2025 - Oct 2025 |
2025 bear market2025 | -41.34%Aug 2025 | 13d | 27d | 1mo 10dAug 2025 - Sep 2025 |
2025 bear market2025 | -29.80%Jul 2025 | 7d | 12d | 19dJun 2025 - Jul 2025 |
2025 bear market2025 | -21.31%Jul 2025 | 1d | 2d | 3dJul 2025 - Jul 2025 |
Drawdown Indicators
| OKLL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.29% | -56.78% | -39.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -95.52% | -1.80% | -93.72% |
Average DrawdownAverage peak-to-trough decline | -62.27% | -10.71% | -51.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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