OKLO vs. OKLL

Last updated Jun 23, 2026

OKLO (Oklo Inc.) is a stock, while OKLL (Defiance Daily Target 2x Long OKLO ETF) is Leveraged Equities fund actively managed by Defiance. With a 1.00 correlation, they move nearly in lockstep.

Performance

OKLO vs. OKLL - Performance Comparison

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

Returns By Period

In the year-to-date period, OKLO achieves a -18.62% return, which is significantly higher than OKLL's -62.97% return.

OKLO

• 1D: -4.53%
• 1M: -11.35%
• YTD: -18.62%
• 6M: -30.01%
• 1Y: 0.78%
• 3Y*: 76.63%
• 5Y*: —
• 10Y*: —

OKLL

• 1D: -9.34%
• 1M: -27.62%
• YTD: -62.97%
• 6M: -72.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKLO vs. OKLL - Yearly Performance Comparison

	2026 (YTD)	2025
OKLO Oklo Inc.	-18.62%	30.21%
OKLL Defiance Daily Target 2x Long OKLO ETF	-62.97%	-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 (All Time) Calculated using the full available price history since Jun 24, 2025	1.00

Return for Risk

OKLO vs. OKLL — Risk / Return Rank

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

OKLO

OKLO Risk / Return Rank: 45
OKLO Sharpe Ratio Rank: 42
OKLO Sortino Ratio Rank: 50
OKLO Omega Ratio Rank: 47
OKLO Calmar Ratio Rank: 42
OKLO Martin Ratio Rank: 41

OKLL

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

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.

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 ratio: Return per unit of total volatility	0.01	—	—
Sortino ratio: Return per unit of downside risk	0.79	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.01	—	—
Martin ratio: Return relative to average drawdown	0.02	—	—

Drawdowns

OKLO vs. OKLL - Drawdown Comparison

The maximum OKLO drawdown since its inception was -73.83%, smaller than the maximum OKLL drawdown of -96.29%. Use the drawdown chart below to compare losses from any high point for OKLO and OKLL.

Drawdown Indicators

	OKLO	OKLL	Difference
Max Drawdown Largest peak-to-trough decline	-73.83%	-96.29%	+22.46%
Max Drawdown (1Y) Largest decline over 1 year	-73.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-73.83%	—	—
Current Drawdown Current decline from peak	-66.46%	-95.52%	+29.06%
Average Drawdown Average peak-to-trough decline	-18.32%	-62.27%	+43.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.52%	—	—

Volatility

Volatility by Period

	OKLO	OKLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	67.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	102.08%	203.14%	-101.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.83%	203.14%	-117.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.83%	203.14%	-117.31%

Dividends

OKLO vs. OKLL - Dividend Comparison

Neither OKLO nor OKLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OKLO and OKLL in my portfolio?

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.