OKLL vs. MULL
OKLL (Defiance Daily Target 2x Long OKLO ETF) and MULL (GraniteShares 2x Long MU Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, OKLL returned -73.38% vs 3622.12% for MULL. At a 0.33 correlation, their price movements are largely independent. OKLL charges 1.31%/yr vs 1.50%/yr for MULL.
Performance
OKLL vs. MULL - Performance Comparison
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Returns By Period
In the year-to-date period, OKLL achieves a -64.46% return, which is significantly lower than MULL's 780.13% return.
OKLL
- 1D
- -4.03%
- 1M
- -30.54%
- YTD
- -64.46%
- 6M
- -73.01%
- 1Y
- -73.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MULL
- 1D
- -26.45%
- 1M
- 69.00%
- YTD
- 780.13%
- 6M
- 832.94%
- 1Y
- 3,622.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OKLL vs. MULL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | -64.46% | -25.10% |
MULL GraniteShares 2x Long MU Daily ETF | 780.13% | 322.90% |
Correlation
The correlation between OKLL and MULL is 0.33, 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 Jun 24, 2025 | 0.33 |
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Return for Risk
OKLL vs. MULL — Risk / Return Rank
OKLL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MULL
OKLL vs. MULL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and GraniteShares 2x Long MU Daily ETF (MULL). 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 | MULL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.71 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 69.24 | — |
| Martin ratioReturn relative to average drawdown | — | 221.31 | — |
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Drawdowns
OKLL vs. MULL - Drawdown Comparison
The maximum OKLL drawdown since its inception was -96.29%, which is greater than MULL's maximum drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for OKLL and MULL.
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Drawdown Indicators
| OKLL | MULL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.29% | -72.29% | -24.00% |
Max Drawdown (1Y)Largest decline over 1 year | -96.29% | -53.09% | -43.20% |
Current DrawdownCurrent decline from peak | -95.70% | -26.45% | -69.25% |
Average DrawdownAverage peak-to-trough decline | -62.40% | -20.52% | -41.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.58% | — |
Volatility
OKLL vs. MULL - Volatility Comparison
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Volatility by Period
| OKLL | MULL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 74.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 119.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 202.78% | 145.72% | +57.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 202.78% | 142.49% | +60.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 202.78% | 142.49% | +60.29% |
OKLL vs. MULL - Expense Ratio Comparison
OKLL has a 1.31% expense ratio, which is lower than MULL's 1.50% expense ratio.
Dividends
OKLL vs. MULL - Dividend Comparison
OKLL has not paid dividends to shareholders, while MULL's dividend yield for the trailing twelve months is around 0.04%.
| Position | TTM | 2025 |
|---|---|---|
MULL GraniteShares 2x Long MU Daily ETF | 0.04% | 0.39% |
OKLL Defiance Daily Target 2x Long OKLO ETF | 0.00% | 0.00% |
Frequently Asked Questions
OKLL and MULL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, MULL leads with 3622.12% vs -73.38% for OKLL. On fees, OKLL is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MULL has performed better with a 3622.12% return vs -73.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OKLL is cheaper with a 1.31% expense ratio, compared with 1.50% for MULL.
MULL has the higher dividend yield at 0.04%, compared with 0.00% for OKLL.
They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.31% for OKLL and 1.50% for MULL.
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