Defiance Daily Target 2X Short OKLO ETF (OKLS) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with OKLS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OKLS
OKLS charges 1.31% annually. There are 64 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 221.57M | Jun 2016 | OKLS vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 32.11M | Mar 2024 | OKLS vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.03M | Nov 2017 | OKLS vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 47.36M | Nov 2021 | OKLS vs SARK | |
| ProShares Short S&P500 | 0.89% | 1.09B | Jun 2006 | OKLS vs SH |
Best Risk-Adjusted Alternatives to OKLS
Among 66 ETFs in the Inverse Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 65.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | 65 | 92.68M | Sep 2024 | OKLS vs MSTZ | |
| Direxion Daily NFLX Bear 1X Shares | 62 | 4.56M | Oct 2024 | OKLS vs NFXS | |
| Defiance Daily Target 2X Short MSTR ETF | 59 | 33.15M | Aug 2024 | OKLS vs SMST | |
| Direxion Daily MSFT Bear 1X Shares | 34 | 8.89M | Sep 2022 | OKLS vs MSFD | |
| YieldMax Short COIN Option Income Strategy ETF | 32 | 34.27M | Jul 2024 | OKLS vs FIAT |
Top Performing OKLS Alternatives (YTD)
OKLS is at -57.45% YTD. There are 65 ETFs in the Inverse Equities category with higher YTD returns, going as high as 56.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Defiance Daily Target 2X Short PLTR ETF | 56.11% | 16.93M | Jun 2025 | OKLS vs PLTZ | |
| Direxion Daily PLTR Bear 1X Shares | 40.77% | 40.54M | Dec 2024 | OKLS vs PLTD | |
| Direxion Daily MSFT Bear 1X Shares | 26.07% | 8.89M | Sep 2022 | OKLS vs MSFD | |
| Defiance Daily Target 2X Short BMNR ETF | 25.58% | — | Nov 2025 | OKLS vs BMNZ | |
| Direxion Daily NFLX Bear 1X Shares | 22.39% | 4.56M | Oct 2024 | OKLS vs NFXS |
Lowest Volatility Alternatives to OKLS
OKLS has 195.27% 1-year volatility. There are 76 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.38%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short Dow30 | 12.38% | 112.04M | Jun 2006 | OKLS vs DOG | |
| ProShares Short S&P500 | 12.40% | 1.09B | Jun 2006 | OKLS vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.60% | 221.57M | Jun 2016 | OKLS vs SPDN | |
| Direxion Daily BRKB Bear 1X Shares | 12.89% | 2.34M | Dec 2024 | OKLS vs BRKD | |
| Gotham Short Strategies ETF | 13.55% | 12.30M | Jul 2017 | OKLS vs SHRT |
Lowest Drawdown Alternatives to OKLS
Among 66 ETFs in the Inverse Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | OKLS vs BRKD | |
| ProShares Short Financials | -11.14% | 14.07M | Jun 2008 | OKLS vs SEF | |
| AdvisorShares Ranger Equity Bear ETF | -12.26% | 67.03M | Jan 2011 | OKLS vs HDGE | |
| ProShares Short FTSE China 50 | -12.48% | 4.77M | Mar 2010 | OKLS vs YXI | |
| ProShares Short Dow30 | -13.59% | 112.04M | Jun 2006 | OKLS vs DOG |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 11 categories. AUM among these funds goes as high as $6B.
Often Compared With OKLS
Investors most often compare OKLS with YQQQ, CARD, SVIX. These 5 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| YieldMax Short N100 Option Income Strategy ETF | Derivative Income, Inverse Equities | 4 | -6.30% | 15.61M | Aug 2024 | OKLS vs YQQQ | |
| Max Auto Industry -3X Inverse Leveraged ETN | Inverse Equities | 4 | -0.62% | 1.56M | Jun 2023 | OKLS vs CARD | |
| -1x Short VIX Futures ETF | Volatility, Inverse Equities | 25 | -7.14% | 215.09M | Mar 2022 | OKLS vs SVIX | |
| -1x Short VIX Mid-Term Futures Strategy ETF | Inverse Equities | — | — | 12.30M | Apr 2023 | OKLS vs ZIVB | |
| Tradr 2X Short TSLA Daily ETF | Inverse Equities | 5 | 15.09% | 118.77M | Jul 2022 | OKLS vs TSLQ |
Compare OKLS with Any Fund or Stock
Compare OKLS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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Pair OKLS with funds that move differently
Defiance Daily Target 2X Short OKLO ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OKLS.
Explore OKLS Diversifiers