OKLL vs. TERG

Last updated Jun 4, 2026

OKLL (Defiance Daily Target 2x Long OKLO ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. OKLL charges 1.31%/yr vs 0.75%/yr for TERG.

Performance

OKLL vs. TERG - 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 TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OKLL achieves a -51.28% return, which is significantly lower than TERG's 229.64% return.

OKLL

• 1D: -22.34%
• 1M: -20.06%
• YTD: -51.28%
• 6M: -75.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: 8.49%
• 1M: 39.95%
• YTD: 229.64%
• 6M: 218.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKLL vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-51.28%	-52.18%
TERG Leverage Shares 2X Long TER Daily ETF	229.64%	28.17%

Correlation

The correlation between OKLL and TERG is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.53

Return for Risk

OKLL vs. TERG - 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 TER Daily ETF (TERG). 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	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	9.90	-10.23

Drawdowns

OKLL vs. TERG - Drawdown Comparison

The maximum OKLL drawdown since its inception was -96.29%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for OKLL and TERG.

Drawdown Indicators

	OKLL	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-96.29%	-49.52%	-46.77%
Current Drawdown Current decline from peak	-94.11%	-15.98%	-78.13%
Average Drawdown Average peak-to-trough decline	-60.85%	-13.73%	-47.12%

Volatility

Volatility by Period

	OKLL	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	205.33%	139.25%	+66.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	205.33%	139.25%	+66.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	205.33%	139.25%	+66.08%

OKLL vs. TERG - Expense Ratio Comparison

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

Dividends

OKLL vs. TERG - Dividend Comparison

Neither OKLL nor TERG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OKLL and TERG in my portfolio?

OKLL and TERG have a correlation of 0.53, 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 TERG?

On fees, TERG 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 TERG?

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

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

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

What is the main difference between OKLL and TERG?

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