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Issuer
Defiance
Inception Date
Nov 25, 2025
Leveraged
-2x
Index Tracked
No Index (Active)
Domicile
United States
Asset Class
Equity

Share Price Chart


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Performance

OKLS Performance Chart

Defiance Daily Target 2X Short OKLO ETF (OKLS) is down 70.9% since the beginning of the year. OKLS is currently trading at $19 per share.


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S&P 500 Index

Returns By Period


Defiance Daily Target 2X Short OKLO ETF

1D
-8.32%
1M
-4.24%
YTD
-70.87%
6M
-61.78%
1Y
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
0.00%
1M
-0.71%
YTD
8.39%
6M
8.57%
1Y
24.33%
3Y*
18.94%
5Y*
12.24%
10Y*
13.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OKLS Monthly Returns History

Based on dividend-adjusted daily data since Nov 26, 2025, OKLS's average daily return is +0.01%, while the average monthly return is -5.81%.

Historically, 50% of months were positive and 50% were negative. The best month was Mar 2026 with a return of +35.4%, while the worst month was Apr 2026 at -67.3%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.

On a daily basis, OKLS closed higher 51% of trading days. The best single day was Dec 12, 2025 with a return of +30.1%, while the worst single day was May 6, 2026 at -33.0%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-38.84%21.60%35.36%-67.30%-11.71%0.22%-70.87%
2025-8.81%23.01%12.18%

Benchmark Metrics

Defiance Daily Target 2X Short OKLO ETF has an annualized alpha of 350.90%, beta of -8.45, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since November 26, 2025.

  • This ETF tended to rise when S&P 500 Index fell (downside capture of -3343.17%), but participation in market rallies was also limited (-144.08%) - a profile typical of counter-cyclical assets.
  • Beta of -8.45 may look defensive, but with R2 of 0.33 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R2 of 0.33 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

Alpha
350.90%
Beta
-8.45
0.33
Upside Capture
-144.08%
Downside Capture
-3,343.17%

Expense Ratio

OKLS 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 Short OKLO ETF (OKLS) 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.


OKLSBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

1.35

Calmar ratioReturn relative to maximum drawdown

2.66

Martin ratioReturn relative to average drawdown

11.86

Dividends

Dividend History


Defiance Daily Target 2X Short OKLO ETF doesn't pay dividends

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 Short 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 Short OKLO ETF was 81.03%, occurring on Jun 2, 2026. The portfolio has not yet recovered.

The current Defiance Daily Target 2X Short OKLO ETF drawdown is 76.25%.


Related event

Drawdown

Fall

Recovery

Underwater

2026 bear market2026
-81.03%Jun 2026
2mo 3d
2mo 23dMar 2026 - now
2026 bear market2026
-59.79%Jan 2026
7d2mo 17d
2mo 24dJan 2026 - Mar 2026
2025 bear market2025
-44.90%Dec 2025
2d13d
15dDec 2025 - Dec 2025
2025 correction2025
-19.09%Dec 2025
4d7d
11dDec 2025 - Dec 2025
2025 pullback2025
-8.81%Nov 2025
2d3d
5dNov 2025 - Dec 2025

Drawdown Indicators


OKLSBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-81.03%

-56.78%

-24.25%

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 Drawdown

Current decline from peak

-76.25%

-2.49%

-73.76%

Average Drawdown

Average peak-to-trough decline

-41.31%

-10.72%

-30.59%

Ulcer Index

Depth 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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Portfolio Analyzer

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