DEED vs. OKLL

Last updated Jun 23, 2026

DEED (First Trust TCW Securitized Plus ETF) and OKLL (Defiance Daily Target 2x Long OKLO ETF) are both exchange-traded funds - DEED is a Mortgage Backed Securities fund actively managed by First Trust, while OKLL is a Leveraged Equities fund actively managed by Defiance. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. DEED charges 0.65%/yr vs 1.31%/yr for OKLL.

Performance

DEED vs. OKLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust TCW Securitized Plus ETF (DEED) and Defiance Daily Target 2x Long OKLO ETF (OKLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEED achieves a 0.77% return, which is significantly higher than OKLL's -62.97% return.

DEED

• 1D: -0.26%
• 1M: 0.93%
• YTD: 0.77%
• 6M: 0.96%
• 1Y: 6.11%
• 3Y*: 4.93%
• 5Y*: 0.31%
• 10Y*: —

OKLL

• 1D: -9.34%
• 1M: -27.62%
• YTD: -62.97%
• 6M: -72.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DEED vs. OKLL - Yearly Performance Comparison

	2026 (YTD)	2025
DEED First Trust TCW Securitized Plus ETF	0.77%	4.97%
OKLL Defiance Daily Target 2x Long OKLO ETF	-62.97%	-25.10%

Correlation

The correlation between DEED and OKLL is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.06

Return for Risk

DEED vs. OKLL — Risk / Return Rank

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

DEED

DEED Risk / Return Rank: 43
DEED Sharpe Ratio Rank: 47
DEED Sortino Ratio Rank: 50
DEED Omega Ratio Rank: 45
DEED Calmar Ratio Rank: 40
DEED Martin Ratio Rank: 35

OKLL

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.

DEED vs. OKLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Securitized Plus ETF (DEED) and Defiance Daily Target 2x Long OKLO ETF (OKLL). 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.

	DEED	OKLL	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.36	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.93	—	—
Martin ratio: Return relative to average drawdown	5.12	—	—

Drawdowns

DEED vs. OKLL - Drawdown Comparison

The maximum DEED drawdown since its inception was -19.96%, smaller than the maximum OKLL drawdown of -96.29%. Use the drawdown chart below to compare losses from any high point for DEED and OKLL.

Drawdown Indicators

	DEED	OKLL	Difference
Max Drawdown Largest peak-to-trough decline	-19.96%	-96.29%	+76.33%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.96%	—	—
Current Drawdown Current decline from peak	-1.61%	-95.52%	+93.91%
Average Drawdown Average peak-to-trough decline	-6.58%	-62.27%	+55.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	—	—

Volatility

Volatility by Period

	DEED	OKLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.86%	203.14%	-199.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.55%	203.14%	-196.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.96%	203.14%	-197.18%

DEED vs. OKLL - Expense Ratio Comparison

DEED has a 0.65% expense ratio, which is lower than OKLL's 1.31% expense ratio.

Dividends

DEED vs. OKLL - Dividend Comparison

DEED's dividend yield for the trailing twelve months is around 4.26%, while OKLL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
DEED First Trust TCW Securitized Plus ETF	4.26%	4.10%	5.73%	5.59%	2.43%	1.93%	1.60%
OKLL Defiance Daily Target 2x Long OKLO ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DEED and OKLL in my portfolio?

DEED and OKLL have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DEED or OKLL?

On fees, DEED is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DEED or OKLL?

DEED is cheaper with a 0.65% expense ratio, compared with 1.31% for OKLL.

Which ETF pays a higher dividend yield, DEED or OKLL?

DEED has the higher dividend yield at 4.26%, compared with 0.00% for OKLL.

What is the main difference between DEED and OKLL?

DEED is categorized as Mortgage Backed Securities, while OKLL is Leveraged Equities. They also come from different issuers: First Trust and Defiance. Their fees differ too: 0.65% for DEED and 1.31% for OKLL.