OKLO vs. SHLD
OKLO (Oklo Inc.) is a stock, while SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index. Over the past year, OKLO returned -9.69% vs 8.26% for SHLD. At a 0.29 correlation, their price movements are largely independent.
Performance
OKLO vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, OKLO achieves a -19.89% return, which is significantly lower than SHLD's -1.50% return.
OKLO
- 1D
- -0.64%
- 1M
- -7.65%
- YTD
- -19.89%
- 6M
- -34.24%
- 1Y
- -9.69%
- 3Y*
- 75.64%
- 5Y*
- —
- 10Y*
- —
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OKLO vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OKLO Oklo Inc. | -19.89% | 238.01% | 101.04% | 1.73% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between OKLO and SHLD is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.29 |
The correlation between OKLO and SHLD shifts across timeframes, from 0.29 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OKLO vs. SHLD — Risk / Return Rank
OKLO
SHLD
OKLO vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oklo Inc. (OKLO) and Global X Defense Tech ETF (SHLD). 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 | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.09 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.52 | -0.67 |
| Martin ratioReturn relative to average drawdown | -0.24 | 1.28 | -1.52 |
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Drawdowns
OKLO vs. SHLD - Drawdown Comparison
The maximum OKLO drawdown since its inception was -73.83%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for OKLO and SHLD.
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Drawdown Indicators
| OKLO | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.83% | -20.10% | -53.73% |
Max Drawdown (1Y)Largest decline over 1 year | -73.83% | -20.10% | -53.73% |
Max Drawdown (3Y)Largest decline over 3 years | -73.83% | — | — |
Current DrawdownCurrent decline from peak | -66.99% | -18.20% | -48.79% |
Average DrawdownAverage peak-to-trough decline | -18.13% | -3.34% | -14.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.70% | 8.12% | +37.58% |
Volatility
OKLO vs. SHLD - Volatility Comparison
Oklo Inc. (OKLO) has a higher volatility of 27.86% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that OKLO's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OKLO | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.86% | 9.05% | +18.81% |
Volatility (6M)Calculated over the trailing 6-month period | 69.66% | 19.94% | +49.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.88% | 24.55% | +77.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.88% | 21.29% | +64.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.88% | 21.29% | +64.59% |
Dividends
OKLO vs. SHLD - Dividend Comparison
OKLO has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
OKLO Oklo Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
OKLO and SHLD have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKLO has higher volatility (27.86%) compared to SHLD (9.05%). In terms of maximum drawdown, OKLO dropped -73.83% vs SHLD's -20.10%.
SHLD currently has the higher Sharpe Ratio (0.43 vs -0.11), 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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