OKLL vs. GLDY

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2x Long OKLO ETF (OKLL) and Defiance Gold Enhanced Options Income ETF (GLDY).

OKLL and GLDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OKLL is an actively managed fund by Defiance. It was launched on Jun 23, 2025. GLDY is an actively managed fund by Defiance. It was launched on Apr 1, 2025.

Performance

OKLL vs. GLDY - Performance Comparison

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

OKLL vs. GLDY - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-63.92%	-30.34%
GLDY Defiance Gold Enhanced Options Income ETF	1.71%	15.24%

Returns By Period

In the year-to-date period, OKLL achieves a -63.92% return, which is significantly lower than GLDY's 1.71% return.

OKLL

• 1D: 17.70%
• 1M: -42.27%
• YTD: -63.92%
• 6M: -89.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDY

• 1D: 1.38%
• 1M: -7.41%
• YTD: 1.71%
• 6M: 7.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKLL vs. GLDY - Expense Ratio Comparison

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

OKLL

Defiance Daily Target 2x Long OKLO ETF

GLDY

Defiance Gold Enhanced Options Income ETF

Return for Risk

OKLL vs. GLDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and Defiance Gold Enhanced Options Income ETF (GLDY). 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	GLDY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	0.88	-1.30

Correlation

The correlation between OKLL and GLDY is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

OKLL vs. GLDY - Dividend Comparison

OKLL has not paid dividends to shareholders, while GLDY's dividend yield for the trailing twelve months is around 48.03%.

	TTM	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	0.00%	0.00%
GLDY Defiance Gold Enhanced Options Income ETF	48.03%	37.38%

Drawdowns

OKLL vs. GLDY - Drawdown Comparison

The maximum OKLL drawdown since its inception was -96.29%, which is greater than GLDY's maximum drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for OKLL and GLDY.

Drawdown Indicators

	OKLL	GLDY	Difference
Max Drawdown Largest peak-to-trough decline	-96.29%	-13.43%	-82.86%
Current Drawdown Current decline from peak	-95.64%	-9.56%	-86.08%
Average Drawdown Average peak-to-trough decline	-53.44%	-2.82%	-50.62%

Volatility

Volatility by Period

	OKLL	GLDY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	202.40%	19.99%	+182.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	202.40%	19.99%	+182.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	202.40%	19.99%	+182.41%