OKLL vs. IFED
Compare and contrast key facts about Defiance Daily Target 2x Long OKLO ETF (OKLL) and ETRACS IFED Invest with the Fed TR Index ETN (IFED).
OKLL and IFED 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. IFED is a passively managed fund by UBS that tracks the performance of the IFED Large-Cap US Equity Index - Benchmark TR Gross. It was launched on Sep 14, 2021.
Performance
OKLL vs. IFED - Performance Comparison
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OKLL vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | -63.92% | -30.34% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -10.70% | 4.66% |
Returns By Period
In the year-to-date period, OKLL achieves a -63.92% return, which is significantly lower than IFED's -10.70% return.
OKLL
- 1D
- 17.70%
- 1M
- -42.27%
- YTD
- -63.92%
- 6M
- -89.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFED
- 1D
- 2.06%
- 1M
- -5.98%
- YTD
- -10.70%
- 6M
- -11.02%
- 1Y
- 5.41%
- 3Y*
- 14.83%
- 5Y*
- —
- 10Y*
- —
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OKLL vs. IFED - Expense Ratio Comparison
OKLL has a 1.31% expense ratio, which is higher than IFED's 0.45% expense ratio.
Return for Risk
OKLL vs. IFED — Risk / Return Rank
OKLL
IFED
OKLL vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and ETRACS IFED Invest with the Fed TR Index ETN (IFED). 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.
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Sharpe Ratios by Period
| OKLL | IFED | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.58 | -0.99 |
Correlation
The correlation between OKLL and IFED is 0.38, 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. IFED - Dividend Comparison
Neither OKLL nor IFED has paid dividends to shareholders.
Drawdowns
OKLL vs. IFED - Drawdown Comparison
The maximum OKLL drawdown since its inception was -96.29%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for OKLL and IFED.
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Drawdown Indicators
| OKLL | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.29% | -22.36% | -73.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.65% | — |
Current DrawdownCurrent decline from peak | -95.64% | -12.52% | -83.12% |
Average DrawdownAverage peak-to-trough decline | -53.44% | -5.70% | -47.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.64% | — |
Volatility
OKLL vs. IFED - Volatility Comparison
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Volatility by Period
| OKLL | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 202.40% | 18.80% | +183.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 202.40% | 19.72% | +182.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 202.40% | 19.72% | +182.68% |