OKLL vs. MVLL
OKLL (Defiance Daily Target 2x Long OKLO ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. OKLL is actively managed, while MVLL is passively managed. At a 0.35 correlation, their price movements are largely independent. OKLL charges 1.31%/yr vs 1.50%/yr for MVLL.
Performance
OKLL vs. MVLL - Performance Comparison
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Returns By Period
In the year-to-date period, OKLL achieves a -51.28% return, which is significantly lower than MVLL's 842.68% return.
OKLL
- 1D
- -22.34%
- 1M
- -20.06%
- YTD
- -51.28%
- 6M
- -75.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVLL
- 1D
- 7.14%
- 1M
- 201.84%
- YTD
- 842.68%
- 6M
- 558.01%
- 1Y
- 1,215.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OKLL vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | -51.28% | -30.34% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 842.68% | -0.89% |
Correlation
The correlation between OKLL and MVLL is 0.35, 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 25, 2025 | 0.35 |
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Return for Risk
OKLL vs. MVLL — Risk / Return Rank
OKLL
MVLL
OKLL vs. MVLL - 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 MRVL Daily ETF (MVLL). 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 | MVLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 9.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 3.33 | -3.67 |
Drawdowns
OKLL vs. MVLL - Drawdown Comparison
The maximum OKLL drawdown since its inception was -96.29%, which is greater than MVLL's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for OKLL and MVLL.
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Drawdown Indicators
| OKLL | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.29% | -59.02% | -37.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.93% | — |
Current DrawdownCurrent decline from peak | -94.11% | 0.00% | -94.11% |
Average DrawdownAverage peak-to-trough decline | -60.85% | -22.42% | -38.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.46% | — |
Volatility
OKLL vs. MVLL - Volatility Comparison
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Volatility by Period
| OKLL | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 60.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 96.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 205.33% | 133.11% | +72.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 205.33% | 139.63% | +65.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 205.33% | 139.63% | +65.70% |
OKLL vs. MVLL - Expense Ratio Comparison
OKLL has a 1.31% expense ratio, which is lower than MVLL's 1.50% expense ratio.
Dividends
OKLL vs. MVLL - Dividend Comparison
Neither OKLL nor MVLL has paid dividends to shareholders.
Frequently Asked Questions
OKLL and MVLL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
OKLL is cheaper with a 1.31% expense ratio, compared with 1.50% for MVLL.
OKLL and MVLL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.31% for OKLL and 1.50% for MVLL.
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