OKLL vs. TERG

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2x Long OKLO ETF (OKLL) and Leverage Shares 2X Long TER Daily ETF (TERG).

OKLL and TERG 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. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

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.

OKLL vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-63.92%	-52.18%
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%

Returns By Period

In the year-to-date period, OKLL achieves a -63.92% return, which is significantly lower than TERG's 102.79% return.

OKLL

• 1D: 17.70%
• 1M: -42.27%
• YTD: -63.92%
• 6M: -89.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: 14.40%
• 1M: -19.76%
• YTD: 102.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKLL vs. TERG - Expense Ratio Comparison

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

OKLL

Defiance Daily Target 2x Long OKLO ETF

TERG

Leverage Shares 2X Long TER Daily ETF

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	-0.41	10.56	-10.97

Correlation

The correlation between OKLL and TERG is 0.57, 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. TERG - Dividend Comparison

Neither OKLL nor TERG has paid dividends to shareholders.

Tickers have no history of dividend payments

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 -39.32%. 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%	-39.32%	-56.97%
Current Drawdown Current decline from peak	-95.64%	-30.58%	-65.06%
Average Drawdown Average peak-to-trough decline	-53.44%	-9.77%	-43.67%

Volatility

Volatility by Period

	OKLL	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	202.40%	124.59%	+77.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	202.40%	124.59%	+77.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	202.40%	124.59%	+77.81%