OKLL vs. UJB

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2x Long OKLO ETF (OKLL) and ProShares Ultra High Yield (UJB).

OKLL and UJB 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. UJB is a passively managed fund by ProShares that tracks the performance of the iBoxx $ Liquid High Yield Index (200%). It was launched on Apr 13, 2011.

Performance

OKLL vs. UJB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2x Long OKLO ETF (OKLL) and ProShares Ultra High Yield (UJB). The values are adjusted to include any dividend payments, if applicable.

OKLL vs. UJB - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-63.92%	-30.34%
UJB ProShares Ultra High Yield	-1.70%	5.64%

Returns By Period

In the year-to-date period, OKLL achieves a -63.92% return, which is significantly lower than UJB's -1.70% return.

OKLL

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

UJB

• 1D: 1.90%
• 1M: -2.13%
• YTD: -1.70%
• 6M: -0.35%
• 1Y: 8.89%
• 3Y*: 10.23%
• 5Y*: 2.83%
• 10Y*: 6.73%

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

OKLL vs. UJB - Expense Ratio Comparison

OKLL has a 1.31% expense ratio, which is higher than UJB's 1.27% expense ratio.

OKLL

Defiance Daily Target 2x Long OKLO ETF

UJB

ProShares Ultra High Yield

Return for Risk

OKLL vs. UJB — Risk / Return Rank

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

UJB

UJB Risk / Return Rank: 51
UJB Sharpe Ratio Rank: 47
UJB Sortino Ratio Rank: 48
UJB Omega Ratio Rank: 53
UJB Calmar Ratio Rank: 48
UJB Martin Ratio Rank: 61

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. 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	OKLL	UJB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.82	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	0.32	-0.74

Correlation

The correlation between OKLL and UJB is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 3.44%.

	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	3.44%	2.61%	3.02%	3.92%	0.05%	0.63%	2.88%	3.95%	3.22%	2.67%	2.35%	3.62%

Drawdowns

OKLL vs. UJB - Drawdown Comparison

The maximum OKLL drawdown since its inception was -96.29%, 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.

Drawdown Indicators

	OKLL	UJB	Difference
Max Drawdown Largest peak-to-trough decline	-96.29%	-40.14%	-56.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.14%	—
Current Drawdown Current decline from peak	-95.64%	-2.92%	-92.72%
Average Drawdown Average peak-to-trough decline	-53.44%	-6.23%	-47.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.57%	—

Volatility

Volatility by Period

	OKLL	UJB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	202.40%	10.87%	+191.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	202.40%	14.63%	+187.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	202.40%	18.52%	+183.88%