OKLO vs. OKLL
OKLO (Oklo Inc.) is a stock, while OKLL (Defiance Daily Target 2x Long OKLO ETF) is Leveraged Equities fund actively managed by Defiance. Over the past year, OKLO returned -12.89% vs -78.88% for OKLL. With a 1.00 correlation, they move nearly in lockstep.
Performance
OKLO vs. OKLL - Performance Comparison
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Returns By Period
In the year-to-date period, OKLO achieves a -31.93% return, which is significantly higher than OKLL's -75.01% return.
OKLO
- 1D
- -0.85%
- 1M
- -15.03%
- 6M
- -53.61%
- YTD
- -31.93%
- 1Y
- -12.89%
- 3Y*
- 67.58%
- 5Y*
- 37.20%
- 10Y*
- —
OKLL
- 1D
- -1.87%
- 1M
- -31.54%
- 6M
- -87.92%
- YTD
- -75.01%
- 1Y
- -78.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OKLO vs. OKLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLO Oklo Inc. | -31.93% | 30.21% |
OKLL Defiance Daily Target 2x Long OKLO ETF | -75.01% | -25.10% |
Correlation
The correlation between OKLO and OKLL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025 | 1.00 |
The correlation between OKLO and OKLL has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
OKLO vs. OKLL — Risk / Return Rank
OKLO
OKLL
OKLO vs. OKLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oklo Inc. (OKLO) and Defiance Daily Target 2x Long OKLO ETF (OKLL). 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.
| OKLO | OKLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.04 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | -0.81 | +0.65 |
| Martin ratioReturn relative to average drawdown | -0.24 | -1.06 | +0.82 |
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Drawdowns
OKLO vs. OKLL - Drawdown Comparison
The maximum OKLO drawdown since its inception was -73.83%, smaller than the maximum OKLL drawdown of -97.15%. Use the drawdown chart below to compare losses from any high point for OKLO and OKLL.
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Drawdown Indicators
| OKLO | OKLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.83% | -97.15% | +23.32% |
Max Drawdown (1Y)Largest decline over 1 year | -73.83% | -97.15% | +23.32% |
Max Drawdown (3Y)Largest decline over 3 years | -73.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.83% | — | — |
Current DrawdownCurrent decline from peak | -71.95% | -96.98% | +25.03% |
Average DrawdownAverage peak-to-trough decline | -18.86% | -63.96% | +45.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.15% | 74.15% | -25.00% |
Volatility
OKLO vs. OKLL - Volatility Comparison
The current volatility for Oklo Inc. (OKLO) is 19.10%, while Defiance Daily Target 2x Long OKLO ETF (OKLL) has a volatility of 37.92%. This indicates that OKLO experiences smaller price fluctuations and is considered to be less risky than OKLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OKLO | OKLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.10% | 37.92% | -18.82% |
Volatility (6M)Calculated over the trailing 6-month period | 65.59% | 130.96% | -65.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.21% | 202.13% | -100.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.67% | 199.81% | -114.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.60% | 199.81% | -114.21% |
Dividends
OKLO vs. OKLL - Dividend Comparison
Neither OKLO nor OKLL has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, OKLO and OKLL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
OKLL has higher volatility (37.92%) compared to OKLO (19.10%). In terms of maximum drawdown, OKLO dropped -73.83% vs OKLL's -97.15%.
OKLO currently has the higher Sharpe Ratio (-0.12 vs -0.39), 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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