OKLL vs. SOXL
OKLL (Defiance Daily Target 2x Long OKLO ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. OKLL is actively managed, while SOXL is passively managed. Over the past year, OKLL returned -73.38% vs 976.09% for SOXL. At a 0.47 correlation, their price movements are largely independent. OKLL charges 1.31%/yr vs 0.75%/yr for SOXL.
Performance
OKLL vs. SOXL - 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 SOXL's 450.61% return.
OKLL
- 1D
- -4.03%
- 1M
- -30.54%
- YTD
- -64.46%
- 6M
- -73.01%
- 1Y
- -73.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- -23.06%
- 1M
- 21.44%
- YTD
- 450.61%
- 6M
- 429.57%
- 1Y
- 976.09%
- 3Y*
- 120.84%
- 5Y*
- 42.16%
- 10Y*
- 64.56%
OKLL vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | -64.46% | -25.10% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 450.61% | 95.44% |
Correlation
The correlation between OKLL and SOXL is 0.47, 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 | 0.47 |
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Return for Risk
OKLL vs. SOXL — Risk / Return Rank
OKLL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXL
OKLL vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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 | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.58 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 22.69 | — |
| Martin ratioReturn relative to average drawdown | — | 72.83 | — |
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Drawdowns
OKLL vs. SOXL - Drawdown Comparison
The maximum OKLL drawdown since its inception was -96.29%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for OKLL and SOXL.
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Drawdown Indicators
| OKLL | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.29% | -90.46% | -5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -96.29% | -43.47% | -52.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -87.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -95.70% | -23.06% | -72.64% |
Average DrawdownAverage peak-to-trough decline | -62.40% | -34.95% | -27.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.52% | — |
Volatility
OKLL vs. SOXL - Volatility Comparison
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Volatility by Period
| OKLL | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 68.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 99.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 202.78% | 116.79% | +85.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 202.78% | 110.35% | +92.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 202.78% | 100.62% | +102.16% |
OKLL vs. SOXL - Expense Ratio Comparison
OKLL has a 1.31% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
OKLL vs. SOXL - Dividend Comparison
OKLL has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.03% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
OKLL and SOXL have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, SOXL leads with 976.09% vs -73.38% for OKLL. On fees, SOXL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOXL has performed better with a 976.09% return vs -73.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 1.31% for OKLL.
SOXL has the higher dividend yield at 0.03%, compared with 0.00% for OKLL.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for OKLL and 0.75% for SOXL.
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