OKLL vs. FUTG

Last updated Jun 4, 2026

OKLL (Defiance Daily Target 2x Long OKLO ETF) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. OKLL charges 1.31%/yr vs 0.75%/yr for FUTG.

Performance

OKLL vs. FUTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2x Long OKLO ETF (OKLL) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). 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 higher than FUTG's -75.53% return.

OKLL

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

FUTG

• 1D: -11.10%
• 1M: -70.24%
• YTD: -75.53%
• 6M: -77.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKLL vs. FUTG - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-51.28%	-87.91%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.53%	-0.80%

Correlation

The correlation between OKLL and FUTG is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.45

Return for Risk

OKLL vs. FUTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). 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	FUTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	-0.66	+0.33

Drawdowns

OKLL vs. FUTG - Drawdown Comparison

The maximum OKLL drawdown since its inception was -96.29%, which is greater than FUTG's maximum drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for OKLL and FUTG.

Drawdown Indicators

	OKLL	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-96.29%	-86.19%	-10.10%
Current Drawdown Current decline from peak	-94.11%	-84.29%	-9.82%
Average Drawdown Average peak-to-trough decline	-60.85%	-40.35%	-20.50%

Volatility

Volatility by Period

	OKLL	FUTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	205.33%	136.01%	+69.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	205.33%	136.01%	+69.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	205.33%	136.01%	+69.32%

OKLL vs. FUTG - Expense Ratio Comparison

OKLL has a 1.31% expense ratio, which is higher than FUTG's 0.75% expense ratio.

Dividends

OKLL vs. FUTG - Dividend Comparison

Neither OKLL nor FUTG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OKLL and FUTG in my portfolio?

OKLL and FUTG have a correlation of 0.45, 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 FUTG?

On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OKLL or FUTG?

FUTG is cheaper with a 0.75% expense ratio, compared with 1.31% for OKLL.

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

OKLL and FUTG have nearly identical dividend yields, around 0.00%.

What is the main difference between OKLL and FUTG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for OKLL and 0.75% for FUTG.