OKLL vs. XMAG
OKLL (Defiance Daily Target 2x Long OKLO ETF) and XMAG (Defiance Large Cap ex-Mag 7 ETF) are both exchange-traded funds - OKLL is a Leveraged Equities fund actively managed by Defiance, while XMAG is a Large Cap Blend Equities fund tracking the BITA US 500 ex Magnificent 7 Index. OKLL is actively managed, while XMAG is passively managed. Over the past year, OKLL returned -73.38% vs 23.87% for XMAG. At a 0.47 correlation, their price movements are largely independent. OKLL charges 1.31%/yr vs 0.35%/yr for XMAG.
Performance
OKLL vs. XMAG - Performance Comparison
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Returns By Period
In the year-to-date period, OKLL achieves a -64.46% return, which is significantly lower than XMAG's 12.75% return.
OKLL
- 1D
- -4.03%
- 1M
- -30.54%
- YTD
- -64.46%
- 6M
- -73.01%
- 1Y
- -73.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XMAG
- 1D
- -1.17%
- 1M
- 3.00%
- YTD
- 12.75%
- 6M
- 12.39%
- 1Y
- 23.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OKLL vs. XMAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | -64.46% | -25.10% |
XMAG Defiance Large Cap ex-Mag 7 ETF | 12.75% | 9.86% |
Correlation
The correlation between OKLL and XMAG is 0.47, 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 24, 2025 | 0.47 |
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Return for Risk
OKLL vs. XMAG — Risk / Return Rank
OKLL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XMAG
OKLL vs. XMAG - 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 Large Cap ex-Mag 7 ETF (XMAG). 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 | XMAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.29 | — |
| Martin ratioReturn relative to average drawdown | — | 14.46 | — |
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Drawdowns
OKLL vs. XMAG - Drawdown Comparison
The maximum OKLL drawdown since its inception was -96.29%, which is greater than XMAG's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for OKLL and XMAG.
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Drawdown Indicators
| OKLL | XMAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.29% | -16.17% | -80.12% |
Max Drawdown (1Y)Largest decline over 1 year | -96.29% | -7.29% | -89.00% |
Current DrawdownCurrent decline from peak | -95.70% | -1.17% | -94.53% |
Average DrawdownAverage peak-to-trough decline | -62.40% | -2.09% | -60.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.65% | — |
Volatility
OKLL vs. XMAG - Volatility Comparison
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Volatility by Period
| OKLL | XMAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 202.78% | 11.69% | +191.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 202.78% | 15.19% | +187.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 202.78% | 15.19% | +187.59% |
OKLL vs. XMAG - Expense Ratio Comparison
OKLL has a 1.31% expense ratio, which is higher than XMAG's 0.35% expense ratio.
Dividends
OKLL vs. XMAG - Dividend Comparison
OKLL has not paid dividends to shareholders, while XMAG's dividend yield for the trailing twelve months is around 0.46%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | 0.00% | 0.00% | 0.00% |
XMAG Defiance Large Cap ex-Mag 7 ETF | 0.46% | 0.51% | 0.24% |
Frequently Asked Questions
OKLL and XMAG have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, XMAG leads with 23.87% vs -73.38% for OKLL. On fees, XMAG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XMAG has performed better with a 23.87% return vs -73.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XMAG is cheaper with a 0.35% expense ratio, compared with 1.31% for OKLL.
XMAG has the higher dividend yield at 0.46%, compared with 0.00% for OKLL.
OKLL is categorized as Leveraged Equities, while XMAG is Large Cap Blend Equities. Their fees differ too: 1.31% for OKLL and 0.35% for XMAG.
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