OKLL vs. NRGU
OKLL (Defiance Daily Target 2x Long OKLO ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds. OKLL is actively managed, while NRGU is passively managed. At a correlation of -0.10, they often move in opposite directions. OKLL charges 1.31%/yr vs 0.95%/yr for NRGU.
Performance
OKLL vs. NRGU - 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 NRGU's 129.31% return.
OKLL
- 1D
- -22.34%
- 1M
- -20.06%
- YTD
- -51.28%
- 6M
- -75.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NRGU
- 1D
- 2.53%
- 1M
- -6.67%
- YTD
- 129.31%
- 6M
- 97.01%
- 1Y
- 156.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OKLL vs. NRGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | -51.28% | -30.34% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 129.31% | 7.16% |
Correlation
The correlation between OKLL and NRGU is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | -0.10 |
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Return for Risk
OKLL vs. NRGU — Risk / Return Rank
OKLL
NRGU
OKLL vs. NRGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). 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 | NRGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.45 | -0.78 |
Drawdowns
OKLL vs. NRGU - Drawdown Comparison
The maximum OKLL drawdown since its inception was -96.29%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for OKLL and NRGU.
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Drawdown Indicators
| OKLL | NRGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.29% | -57.50% | -38.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -39.95% | — |
Current DrawdownCurrent decline from peak | -94.11% | -20.91% | -73.20% |
Average DrawdownAverage peak-to-trough decline | -60.85% | -25.42% | -35.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.96% | — |
Volatility
OKLL vs. NRGU - Volatility Comparison
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Volatility by Period
| OKLL | NRGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 31.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 61.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 205.33% | 75.15% | +130.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 205.33% | 89.15% | +116.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 205.33% | 89.15% | +116.18% |
OKLL vs. NRGU - Expense Ratio Comparison
OKLL has a 1.31% expense ratio, which is higher than NRGU's 0.95% expense ratio.
Dividends
OKLL vs. NRGU - Dividend Comparison
Neither OKLL nor NRGU has paid dividends to shareholders.
Frequently Asked Questions
OKLL and NRGU have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NRGU is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NRGU is cheaper with a 0.95% expense ratio, compared with 1.31% for OKLL.
OKLL and NRGU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and BMO. Their fees differ too: 1.31% for OKLL and 0.95% for NRGU.
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