OKLL vs. SPYT

Last updated Apr 2, 2026

Compare and contrast key facts about Defiance Daily Target 2x Long OKLO ETF (OKLL) and Defiance S&P 500 Income Target ETF (SPYT).

OKLL and SPYT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OKLL is an actively managed fund by Defiance. It was launched on Jun 23, 2025. SPYT is an actively managed fund by Defiance. It was launched on Mar 7, 2024.

Performance

OKLL vs. SPYT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2x Long OKLO ETF (OKLL) and Defiance S&P 500 Income Target ETF (SPYT). The values are adjusted to include any dividend payments, if applicable.

OKLL vs. SPYT - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-66.31%	-30.34%
SPYT Defiance S&P 500 Income Target ETF	-3.10%	10.20%

Returns By Period

In the year-to-date period, OKLL achieves a -66.31% return, which is significantly lower than SPYT's -3.10% return.

OKLL

• 1D: -6.61%
• 1M: -48.78%
• YTD: -66.31%
• 6M: -91.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYT

• 1D: 0.52%
• 1M: -3.84%
• YTD: -3.10%
• 6M: -1.65%
• 1Y: 14.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKLL vs. SPYT - Expense Ratio Comparison

OKLL has a 1.31% expense ratio, which is higher than SPYT's 0.87% expense ratio.

OKLL

Defiance Daily Target 2x Long OKLO ETF

SPYT

Defiance S&P 500 Income Target ETF

Return for Risk

OKLL vs. SPYT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYT

SPYT Risk / Return Rank: 50
SPYT Sharpe Ratio Rank: 43
SPYT Sortino Ratio Rank: 45
SPYT Omega Ratio Rank: 54
SPYT Calmar Ratio Rank: 47
SPYT Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OKLL vs. SPYT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and Defiance S&P 500 Income Target ETF (SPYT). 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.

Sharpe Ratios by Period

	OKLL	SPYT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	0.70	-1.12

Correlation

The correlation between OKLL and SPYT is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

OKLL vs. SPYT - Dividend Comparison

OKLL has not paid dividends to shareholders, while SPYT's dividend yield for the trailing twelve months is around 22.66%.

	TTM	2025	2024
OKLL Defiance Daily Target 2x Long OKLO ETF	0.00%	0.00%	0.00%
SPYT Defiance S&P 500 Income Target ETF	22.66%	21.40%	17.37%

Drawdowns

OKLL vs. SPYT - Drawdown Comparison

The maximum OKLL drawdown since its inception was -96.29%, which is greater than SPYT's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for OKLL and SPYT.

Drawdown Indicators

	OKLL	SPYT	Difference
Max Drawdown Largest peak-to-trough decline	-96.29%	-18.25%	-78.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.56%	—
Current Drawdown Current decline from peak	-95.93%	-4.77%	-91.16%
Average Drawdown Average peak-to-trough decline	-53.66%	-2.11%	-51.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.40%	—

Volatility

Volatility by Period

	OKLL	SPYT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	202.02%	17.40%	+184.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	202.02%	15.12%	+186.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	202.02%	15.12%	+186.90%