OKLL vs. WDTE

Last updated Jun 4, 2026

OKLL (Defiance Daily Target 2x Long OKLO ETF) and WDTE (Defiance S&P 500 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - OKLL is a Leveraged Equities fund actively managed by Defiance, while WDTE is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. OKLL charges 1.31%/yr vs 1.01%/yr for WDTE.

Performance

OKLL vs. WDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2x Long OKLO ETF (OKLL) and Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE). 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 WDTE's 10.59% return.

OKLL

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

WDTE

• 1D: -0.53%
• 1M: 4.43%
• YTD: 10.59%
• 6M: 11.04%
• 1Y: 24.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKLL vs. WDTE - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-51.28%	-30.34%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	10.59%	9.93%

Correlation

The correlation between OKLL and WDTE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.43

Return for Risk

OKLL vs. WDTE — Risk / Return Rank

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

WDTE

WDTE Risk / Return Rank: 71
WDTE Sharpe Ratio Rank: 71
WDTE Sortino Ratio Rank: 65
WDTE Omega Ratio Rank: 76
WDTE Calmar Ratio Rank: 63
WDTE Martin Ratio Rank: 79

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. WDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE). 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	WDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	1.33	-1.67

Drawdowns

OKLL vs. WDTE - Drawdown Comparison

The maximum OKLL drawdown since its inception was -96.29%, which is greater than WDTE's maximum drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for OKLL and WDTE.

Drawdown Indicators

	OKLL	WDTE	Difference
Max Drawdown Largest peak-to-trough decline	-96.29%	-15.85%	-80.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.65%	—
Current Drawdown Current decline from peak	-94.11%	-0.53%	-93.58%
Average Drawdown Average peak-to-trough decline	-60.85%	-1.82%	-59.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.55%	—

Volatility

Volatility by Period

	OKLL	WDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	205.33%	10.28%	+195.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	205.33%	11.34%	+193.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	205.33%	11.34%	+193.99%

OKLL vs. WDTE - Expense Ratio Comparison

OKLL has a 1.31% expense ratio, which is higher than WDTE's 1.01% expense ratio.

Dividends

OKLL vs. WDTE - Dividend Comparison

OKLL has not paid dividends to shareholders, while WDTE's dividend yield for the trailing twelve months is around 31.86%.

Position	TTM	2025	2024	2023
OKLL Defiance Daily Target 2x Long OKLO ETF	0.00%	0.00%	0.00%	0.00%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	31.86%	35.78%	51.80%	16.41%

Frequently Asked Questions

Can I hold both OKLL and WDTE in my portfolio?

OKLL and WDTE have a correlation of 0.43, 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 WDTE?

On fees, WDTE is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OKLL or WDTE?

WDTE is cheaper with a 1.01% expense ratio, compared with 1.31% for OKLL.

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

WDTE has the higher dividend yield at 31.86%, compared with 0.00% for OKLL.

What is the main difference between OKLL and WDTE?

OKLL is categorized as Leveraged Equities, while WDTE is Derivative Income. Their fees differ too: 1.31% for OKLL and 1.01% for WDTE.