OKLL vs. UJB
OKLL (Defiance Daily Target 2x Long OKLO ETF) and UJB (ProShares Ultra High Yield) are both exchange-traded funds - OKLL is a Leveraged Equities fund actively managed by Defiance, while UJB is a Leveraged Bonds fund tracking the Markit iBoxx $ Liquid High Yield Index. OKLL is actively managed, while UJB is passively managed. Over the past year, OKLL returned -84.70% vs 6.41% for UJB. At a 0.38 correlation, their price movements are largely independent. OKLL charges 1.31%/yr vs 0.95%/yr for UJB.
Performance
OKLL vs. UJB - Performance Comparison
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Returns By Period
In the year-to-date period, OKLL achieves a -77.76% return, which is significantly lower than UJB's 1.19% return.
OKLL
- 1D
- 1.36%
- 1M
- -39.05%
- 6M
- -87.30%
- YTD
- -77.76%
- 1Y
- -84.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UJB
- 1D
- 0.35%
- 1M
- -0.02%
- 6M
- 0.41%
- YTD
- 1.19%
- 1Y
- 6.41%
- 3Y*
- 10.95%
- 5Y*
- 2.71%
- 10Y*
- 5.88%
OKLL vs. UJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | -77.76% | -25.10% |
UJB ProShares Ultra High Yield | 1.19% | 6.24% |
Correlation
The correlation between OKLL and UJB is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025 | 0.38 |
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Return for Risk
OKLL vs. UJB — Risk / Return Rank
OKLL
UJB
OKLL vs. UJB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and ProShares Ultra High Yield (UJB). 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 | UJB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.17 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 1.28 | -2.15 |
| Martin ratioReturn relative to average drawdown | -1.13 | 5.42 | -6.56 |
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Drawdowns
OKLL vs. UJB - Drawdown Comparison
The maximum OKLL drawdown since its inception was -97.35%, which is greater than UJB's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for OKLL and UJB.
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Drawdown Indicators
| OKLL | UJB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.35% | -40.14% | -57.21% |
Max Drawdown (1Y)Largest decline over 1 year | -97.35% | -5.01% | -92.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.14% | — |
Current DrawdownCurrent decline from peak | -97.31% | -0.58% | -96.73% |
Average DrawdownAverage peak-to-trough decline | -64.22% | -6.13% | -58.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.65% | 1.18% | +73.47% |
Volatility
OKLL vs. UJB - Volatility Comparison
Defiance Daily Target 2x Long OKLO ETF (OKLL) has a higher volatility of 35.99% compared to ProShares Ultra High Yield (UJB) at 1.27%. This indicates that OKLL's price experiences larger fluctuations and is considered to be riskier than UJB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OKLL | UJB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.99% | 1.27% | +34.72% |
Volatility (6M)Calculated over the trailing 6-month period | 130.46% | 5.92% | +124.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 202.41% | 7.28% | +195.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 199.42% | 14.68% | +184.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 199.42% | 17.69% | +181.73% |
OKLL vs. UJB - Expense Ratio Comparison
OKLL has a 1.31% expense ratio, which is higher than UJB's 0.95% expense ratio.
Dividends
OKLL vs. UJB - Dividend Comparison
OKLL has not paid dividends to shareholders, while UJB's dividend yield for the trailing twelve months is around 3.19%.
| 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% |
UJB ProShares Ultra High Yield | 3.19% | 2.61% | 3.02% | 3.92% | 0.05% | 0.63% | 2.88% | 3.95% | 3.22% | 2.67% | 2.35% | 3.62% |
Frequently Asked Questions
OKLL and UJB have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKLL has higher volatility (35.99%) compared to UJB (1.27%). In terms of maximum drawdown, OKLL dropped -97.35% vs UJB's -40.14%.
On 1-year performance, UJB leads with 6.41% vs -84.70% for OKLL. On fees, UJB is cheaper at 0.95% per year. On volatility, UJB has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UJB has performed better with a 6.41% return vs -84.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UJB is cheaper with a 0.95% expense ratio, compared with 1.31% for OKLL.
UJB has the higher dividend yield at 3.19%, compared with 0.00% for OKLL.
OKLL is categorized as Leveraged Equities, while UJB is Leveraged Bonds. They also come from different issuers: Defiance and ProShares. Their fees differ too: 1.31% for OKLL and 0.95% for UJB.
UJB currently has the higher Sharpe Ratio (0.88 vs -0.42), 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.
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