OKLL vs. BRKW

Last updated Jun 4, 2026

OKLL (Defiance Daily Target 2x Long OKLO ETF) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - OKLL is a Leveraged Equities fund actively managed by Defiance, while BRKW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. At a correlation of -0.08, they often move in opposite directions. OKLL charges 1.31%/yr vs 0.99%/yr for BRKW.

Performance

OKLL vs. BRKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2x Long OKLO ETF (OKLL) and Roundhill BRKB WeeklyPay ETF (BRKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OKLL achieves a -51.28% return, which is significantly lower than BRKW's -7.76% return.

OKLL

• 1D: -22.34%
• 1M: -20.06%
• YTD: -51.28%
• 6M: -75.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKW

• 1D: 0.91%
• 1M: 1.58%
• YTD: -7.76%
• 6M: -8.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKLL vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-51.28%	-30.34%
BRKW Roundhill BRKB WeeklyPay ETF	-7.76%	-0.11%

Correlation

The correlation between OKLL and BRKW is -0.08, 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 25, 2025	-0.08

Return for Risk

OKLL vs. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and Roundhill BRKB WeeklyPay ETF (BRKW). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	OKLL	BRKW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	-0.36	+0.02

Drawdowns

OKLL vs. BRKW - Drawdown Comparison

The maximum OKLL drawdown since its inception was -96.29%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for OKLL and BRKW.

Drawdown Indicators

	OKLL	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-96.29%	-12.64%	-83.65%
Current Drawdown Current decline from peak	-94.11%	-10.70%	-83.41%
Average Drawdown Average peak-to-trough decline	-60.85%	-5.34%	-55.51%

Volatility

Volatility by Period

	OKLL	BRKW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	205.33%	17.23%	+188.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	205.33%	17.23%	+188.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	205.33%	17.23%	+188.10%

OKLL vs. BRKW - Expense Ratio Comparison

OKLL has a 1.31% expense ratio, which is higher than BRKW's 0.99% expense ratio.

Dividends

OKLL vs. BRKW - Dividend Comparison

OKLL has not paid dividends to shareholders, while BRKW's dividend yield for the trailing twelve months is around 25.19%.

Position	TTM	2025
BRKW Roundhill BRKB WeeklyPay ETF	25.19%	14.45%
OKLL Defiance Daily Target 2x Long OKLO ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both OKLL and BRKW in my portfolio?

OKLL and BRKW have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OKLL or BRKW?

On fees, BRKW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OKLL or BRKW?

BRKW is cheaper with a 0.99% expense ratio, compared with 1.31% for OKLL.

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

BRKW has the higher dividend yield at 25.19%, compared with 0.00% for OKLL.

What is the main difference between OKLL and BRKW?

OKLL is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: Defiance and Roundhill. Their fees differ too: 1.31% for OKLL and 0.99% for BRKW.