OKLL vs. NEMG

Last updated Jun 24, 2026

OKLL (Defiance Daily Target 2x Long OKLO ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. OKLL charges 1.31%/yr vs 0.75%/yr for NEMG.

Performance

OKLL vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2x Long OKLO ETF (OKLL) and Leverage Shares 2x Long NEM Daily ETF (NEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OKLL achieves a -64.46% return, which is significantly lower than NEMG's -20.44% return.

OKLL

• 1D: -4.03%
• 1M: -30.54%
• YTD: -64.46%
• 6M: -73.01%
• 1Y: -73.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: -7.98%
• 1M: -20.02%
• YTD: -20.44%
• 6M: -28.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OKLL vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-64.46%	-54.42%
NEMG Leverage Shares 2x Long NEM Daily ETF	-20.44%	22.87%

Correlation

The correlation between OKLL and NEMG is 0.40, 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 Nov 17, 2025	0.40

Return for Risk

OKLL vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and Leverage Shares 2x Long NEM Daily ETF (NEMG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

OKLL vs. NEMG - Drawdown Comparison

The maximum OKLL drawdown since its inception was -96.29%, which is greater than NEMG's maximum drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for OKLL and NEMG.

Drawdown Indicators

	OKLL	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-96.29%	-57.56%	-38.73%
Max Drawdown (1Y) Largest decline over 1 year	-96.29%	—	—
Current Drawdown Current decline from peak	-95.70%	-53.44%	-42.26%
Average Drawdown Average peak-to-trough decline	-62.40%	-23.21%	-39.19%

Volatility

Volatility by Period

	OKLL	NEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	202.78%	102.63%	+100.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	202.78%	102.63%	+100.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	202.78%	102.63%	+100.15%

OKLL vs. NEMG - Expense Ratio Comparison

OKLL has a 1.31% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

OKLL vs. NEMG - Dividend Comparison

Neither OKLL nor NEMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OKLL and NEMG in my portfolio?

OKLL and NEMG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OKLL or NEMG?

On fees, NEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OKLL or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 1.31% for OKLL.

Which ETF pays a higher dividend yield, OKLL or NEMG?

OKLL and NEMG have nearly identical dividend yields, around 0.00%.

What is the main difference between OKLL and NEMG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for OKLL and 0.75% for NEMG.