OKLL vs. MSTX
Compare and contrast key facts about Defiance Daily Target 2x Long OKLO ETF (OKLL) and Defiance Daily Target 2X Long MSTR ETF (MSTX).
OKLL and MSTX 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. MSTX is an actively managed fund by Defiance. It was launched on Aug 14, 2024.
Performance
OKLL vs. MSTX - Performance Comparison
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OKLL vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | -63.92% | -30.34% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -49.22% | -89.13% |
Returns By Period
In the year-to-date period, OKLL achieves a -63.92% return, which is significantly lower than MSTX's -49.22% return.
OKLL
- 1D
- 17.70%
- 1M
- -42.27%
- YTD
- -63.92%
- 6M
- -89.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- 5.68%
- 1M
- -13.11%
- YTD
- -49.22%
- 6M
- -90.86%
- 1Y
- -92.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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OKLL vs. MSTX - Expense Ratio Comparison
OKLL has a 1.31% expense ratio, which is higher than MSTX's 1.29% expense ratio.
Return for Risk
OKLL vs. MSTX — Risk / Return Rank
OKLL
MSTX
OKLL vs. MSTX - 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 Daily Target 2X Long MSTR ETF (MSTX). 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 | MSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | -0.42 | +0.01 |
Correlation
The correlation between OKLL and MSTX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
OKLL vs. MSTX - Dividend Comparison
Neither OKLL nor MSTX has paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | 0.00% | 0.00% | 0.00% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% |
Drawdowns
OKLL vs. MSTX - Drawdown Comparison
The maximum OKLL drawdown since its inception was -96.29%, roughly equal to the maximum MSTX drawdown of -98.66%. Use the drawdown chart below to compare losses from any high point for OKLL and MSTX.
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Drawdown Indicators
| OKLL | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.29% | -98.66% | +2.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -96.62% | — |
Current DrawdownCurrent decline from peak | -95.64% | -98.44% | +2.80% |
Average DrawdownAverage peak-to-trough decline | -53.44% | -66.95% | +13.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 64.85% | — |
Volatility
OKLL vs. MSTX - Volatility Comparison
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Volatility by Period
| OKLL | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 37.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 111.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 202.40% | 147.32% | +55.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 202.40% | 169.73% | +32.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 202.40% | 169.73% | +32.67% |