OKLL vs. XTJL

Last updated Aug 2, 2026

OKLL (Defiance Daily Target 2x Long OKLO ETF) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. Over the past year, OKLL returned -91.78% vs 14.27% for XTJL. Their 0.42 correlation means their historical movements had little consistent relationship. OKLL charges 1.31%/yr vs 0.79%/yr for XTJL.

Performance

OKLL vs. XTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2x Long OKLO ETF (OKLL) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OKLL achieves a -85.27% return, which is significantly lower than XTJL's 6.32% return.

OKLL

• 1D: -11.47%
• 1M: -49.59%
• 6M: -86.81%
• YTD: -85.27%
• 1Y: -91.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -86.50%

XTJL

• 1D: 0.76%
• 1M: 0.96%
• 6M: 5.49%
• YTD: 6.32%
• 1Y: 14.27%
• 3Y*: 13.98%
• 5Y*: 9.55%
• 10Y*: —
• ALL TIME*: 9.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OKLL Defiance Daily Target 2x Long OKLO ETF	$32.35M	$38.94M	$91.46M
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	$26.11K	$26.81K	$267.40K

OKLL vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-85.27%	-25.10%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	6.32%	8.44%

Correlation

The correlation between OKLL and XTJL is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.42

Return for Risk

OKLL vs. XTJL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OKLL

OKLL Risk / Return Rank: 4
OKLL Sharpe Ratio Rank: 5
OKLL Sortino Ratio Rank: 5
OKLL Omega Ratio Rank: 6
OKLL Calmar Ratio Rank: 1
OKLL Martin Ratio Rank: 3

XTJL

XTJL Risk / Return Rank: 79
XTJL Sharpe Ratio Rank: 74
XTJL Sortino Ratio Rank: 77
XTJL Omega Ratio Rank: 84
XTJL Calmar Ratio Rank: 73
XTJL Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OKLL vs. XTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). 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	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.46	1.68	-2.14
Sortino ratio: Return per unit of downside risk	-0.50	2.48	-2.98
Omega ratio: Gain probability vs. loss probability	0.95	1.36	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.95	2.55	-3.50
Martin ratio: Return relative to average drawdown	-1.19	14.07	-15.26

OKLL vs. XTJL - Sharpe Ratio Comparison

The current OKLL Sharpe Ratio is -0.46, which is lower than the XTJL Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of OKLL and XTJL, 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. XTJL - Drawdown Comparison

The maximum OKLL drawdown since its inception was -98.36%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for OKLL and XTJL.

Drawdown Indicators

	OKLL	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-98.36%	-23.24%	-75.12%
Max Drawdown (1Y) Largest decline over 1 year	-98.36%	-5.12%	-93.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.24%	—
Current Drawdown Current decline from peak	-98.22%	-0.09%	-98.13%
Average Drawdown Average peak-to-trough decline	-65.79%	-3.92%	-61.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.87%	0.93%	+76.94%

Volatility

OKLL vs. XTJL - Volatility Comparison

Defiance Daily Target 2x Long OKLO ETF (OKLL) has a higher volatility of 47.19% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 2.90%. This indicates that OKLL's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OKLL	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	47.19%	2.90%	+44.29%
Volatility (6M) Calculated over the trailing 6-month period	131.95%	6.12%	+125.83%
Volatility (1Y) Calculated over the trailing 1-year period	200.99%	7.79%	+193.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	198.77%	15.11%	+183.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	198.77%	15.03%	+183.74%

OKLL vs. XTJL - Expense Ratio Comparison

OKLL has a 1.31% expense ratio, which is higher than XTJL's 0.79% expense ratio.

Dividends

OKLL vs. XTJL - Dividend Comparison

Neither OKLL nor XTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OKLL and XTJL in my portfolio?

OKLL and XTJL have a correlation of 0.45, 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 XTJL?

OKLL has higher volatility (47.19%) compared to XTJL (2.90%). In terms of maximum drawdown, OKLL dropped -98.36% vs XTJL's -23.24%.

Which ETF is better, OKLL or XTJL?

On 1-year performance, XTJL leads with 14.27% vs -91.78% for OKLL. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OKLL or XTJL?

Over the 1-year period, XTJL has performed better with a 14.27% return vs -91.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OKLL or XTJL?

XTJL is cheaper with a 0.79% expense ratio, compared with 1.31% for OKLL.

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

OKLL and XTJL have nearly identical dividend yields, around 0.00%.

What is the main difference between OKLL and XTJL?

They also come from different issuers: Defiance and Innovator. Their fees differ too: 1.31% for OKLL and 0.79% for XTJL.

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (1.68 vs -0.46), 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.