OKLL vs. GUSH
OKLL (Defiance Daily Target 2x Long OKLO ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds. OKLL is actively managed, while GUSH is passively managed. At a correlation of -0.08, they often move in opposite directions. OKLL charges 1.31%/yr vs 1.17%/yr for GUSH.
Performance
OKLL vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, OKLL achieves a -62.97% return, which is significantly lower than GUSH's 42.86% return.
OKLL
- 1D
- -9.34%
- 1M
- -27.62%
- YTD
- -62.97%
- 6M
- -72.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH
- 1D
- 3.14%
- 1M
- -18.97%
- YTD
- 42.86%
- 6M
- 44.72%
- 1Y
- 22.58%
- 3Y*
- 6.96%
- 5Y*
- 7.01%
- 10Y*
- -37.00%
OKLL vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | -62.97% | -25.10% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 42.86% | -7.50% |
Correlation
The correlation between OKLL and GUSH 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 24, 2025 | -0.08 |
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Return for Risk
OKLL vs. GUSH — Risk / Return Rank
OKLL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUSH
OKLL vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH). 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.
| OKLL | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.63 | — |
| Martin ratioReturn relative to average drawdown | — | 1.67 | — |
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Drawdowns
OKLL vs. GUSH - Drawdown Comparison
The maximum OKLL drawdown since its inception was -96.29%, roughly equal to the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for OKLL and GUSH.
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Drawdown Indicators
| OKLL | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.29% | -99.98% | +3.69% |
Max Drawdown (1Y)Largest decline over 1 year | — | -36.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.94% | — |
Current DrawdownCurrent decline from peak | -95.52% | -99.83% | +4.31% |
Average DrawdownAverage peak-to-trough decline | -62.27% | -92.91% | +30.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.92% | — |
Volatility
OKLL vs. GUSH - Volatility Comparison
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Volatility by Period
| OKLL | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.38% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 203.14% | 56.70% | +146.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 203.14% | 68.20% | +134.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 203.14% | 93.57% | +109.57% |
OKLL vs. GUSH - Expense Ratio Comparison
OKLL has a 1.31% expense ratio, which is higher than GUSH's 1.17% expense ratio.
Dividends
OKLL vs. GUSH - Dividend Comparison
OKLL has not paid dividends to shareholders, while GUSH's dividend yield for the trailing twelve months is around 1.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 1.75% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
OKLL Defiance Daily Target 2x Long OKLO ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OKLL and GUSH 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.
On fees, GUSH is cheaper at 1.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GUSH is cheaper with a 1.17% expense ratio, compared with 1.31% for OKLL.
GUSH has the higher dividend yield at 1.75%, compared with 0.00% for OKLL.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for OKLL and 1.17% for GUSH.
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