OKLL vs. TYD

Last updated Jun 25, 2026

OKLL (Defiance Daily Target 2x Long OKLO ETF) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - OKLL is a Leveraged Equities fund actively managed by Defiance, while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. OKLL is actively managed, while TYD is passively managed. Over the past year, OKLL returned -77.98% vs -1.34% for TYD. At a 0.08 correlation, their price movements are largely independent. OKLL charges 1.31%/yr vs 1.09%/yr for TYD.

Performance

OKLL vs. TYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2x Long OKLO ETF (OKLL) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OKLL achieves a -68.40% return, which is significantly lower than TYD's -4.64% return.

OKLL

• 1D: -11.07%
• 1M: -38.23%
• YTD: -68.40%
• 6M: -75.57%
• 1Y: -77.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TYD

• 1D: 1.70%
• 1M: 2.86%
• YTD: -4.64%
• 6M: -5.39%
• 1Y: -1.34%
• 3Y*: -4.11%
• 5Y*: -12.66%
• 10Y*: -5.10%

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

OKLL vs. TYD - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-68.40%	-25.10%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	-4.64%	4.46%

Correlation

The correlation between OKLL and TYD is 0.07, 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 (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.08

Return for Risk

OKLL vs. TYD — Risk / Return Rank

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

OKLL

OKLL Risk / Return Rank: 7
OKLL Sharpe Ratio Rank: 6
OKLL Sortino Ratio Rank: 11
OKLL Omega Ratio Rank: 10
OKLL Calmar Ratio Rank: 2
OKLL Martin Ratio Rank: 4

TYD

TYD Risk / Return Rank: 8
TYD Sharpe Ratio Rank: 8
TYD Sortino Ratio Rank: 7
TYD Omega Ratio Rank: 7
TYD Calmar Ratio Rank: 8
TYD Martin Ratio Rank: 8

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. TYD - 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 7-10 Year Treasury Bull 3X (TYD). 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	TYD	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	-0.10	-0.29
Sortino ratio: Return per unit of downside risk	0.37	-0.04	+0.41
Omega ratio: Gain probability vs. loss probability	1.04	1.00	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.81	-0.10	-0.71
Martin ratio: Return relative to average drawdown	-1.09	-0.24	-0.85

OKLL vs. TYD - Sharpe Ratio Comparison

The current OKLL Sharpe Ratio is -0.39, which is lower than the TYD Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of OKLL and TYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OKLL vs. TYD - Drawdown Comparison

The maximum OKLL drawdown since its inception was -96.29%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for OKLL and TYD.

Drawdown Indicators

	OKLL	TYD	Difference
Max Drawdown Largest peak-to-trough decline	-96.29%	-64.28%	-32.01%
Max Drawdown (1Y) Largest decline over 1 year	-96.29%	-13.54%	-82.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-59.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.28%	—
Current Drawdown Current decline from peak	-96.18%	-58.56%	-37.62%
Average Drawdown Average peak-to-trough decline	-62.53%	-22.06%	-40.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	71.49%	5.56%	+65.93%

Volatility

OKLL vs. TYD - Volatility Comparison

Defiance Daily Target 2x Long OKLO ETF (OKLL) has a higher volatility of 50.65% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 4.34%. This indicates that OKLL's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OKLL	TYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	50.65%	4.34%	+46.31%
Volatility (6M) Calculated over the trailing 6-month period	134.22%	10.09%	+124.13%
Volatility (1Y) Calculated over the trailing 1-year period	202.69%	13.92%	+188.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	202.69%	22.99%	+179.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	202.69%	20.34%	+182.35%

OKLL vs. TYD - Expense Ratio Comparison

OKLL has a 1.31% expense ratio, which is higher than TYD's 1.09% expense ratio.

Dividends

OKLL vs. TYD - Dividend Comparison

OKLL has not paid dividends to shareholders, while TYD's dividend yield for the trailing twelve months is around 3.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	3.24%	2.97%	3.10%	2.71%	0.55%	0.00%	9.80%	0.92%	1.10%	0.01%	6.84%	1.65%

Frequently Asked Questions

Can I hold both OKLL and TYD in my portfolio?

OKLL and TYD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OKLL or TYD?

OKLL has higher volatility (50.65%) compared to TYD (4.34%). In terms of maximum drawdown, OKLL dropped -96.29% vs TYD's -64.28%.

Which ETF is better, OKLL or TYD?

On 1-year performance, TYD leads with -1.34% vs -77.98% for OKLL. On fees, TYD is cheaper at 1.09% per year. On volatility, TYD has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OKLL or TYD?

Over the 1-year period, TYD has performed better with a -1.34% return vs -77.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OKLL or TYD?

TYD is cheaper with a 1.09% expense ratio, compared with 1.31% for OKLL.

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

TYD has the higher dividend yield at 3.24%, compared with 0.00% for OKLL.

What is the main difference between OKLL and TYD?

OKLL is categorized as Leveraged Equities, while TYD is Leveraged Bonds. They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for OKLL and 1.09% for TYD.

Which has better risk-adjusted returns?

TYD currently has the higher Sharpe Ratio (-0.10 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.