OKLS vs. BRKD
OKLS (Defiance Daily Target 2X Short OKLO ETF) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds. OKLS is actively managed, while BRKD is passively managed. At a correlation of -0.16, they often move in opposite directions. OKLS charges 1.31%/yr vs 1.00%/yr for BRKD.
Performance
OKLS vs. BRKD - Performance Comparison
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Returns By Period
In the year-to-date period, OKLS achieves a -65.39% return, which is significantly lower than BRKD's 5.90% return.
OKLS
- 1D
- 21.55%
- 1M
- 40.94%
- YTD
- -65.39%
- 6M
- -37.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRKD
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.90%
- 6M
- 6.41%
- 1Y
- 5.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OKLS vs. BRKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLS Defiance Daily Target 2X Short OKLO ETF | -65.39% | 15.32% |
BRKD Direxion Daily BRKB Bear 1X Shares | 5.90% | 2.21% |
Correlation
The correlation between OKLS and BRKD is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 28, 2025 | -0.16 |
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Return for Risk
OKLS vs. BRKD — Risk / Return Rank
OKLS
BRKD
OKLS vs. BRKD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short OKLO ETF (OKLS) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| OKLS | BRKD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.04 | -0.45 |
Drawdowns
OKLS vs. BRKD - Drawdown Comparison
The maximum OKLS drawdown since its inception was -81.03%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for OKLS and BRKD.
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Drawdown Indicators
| OKLS | BRKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.03% | -17.92% | -63.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.34% | — |
Current DrawdownCurrent decline from peak | -71.78% | -3.69% | -68.09% |
Average DrawdownAverage peak-to-trough decline | -39.42% | -7.72% | -31.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.79% | — |
Volatility
OKLS vs. BRKD - Volatility Comparison
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Volatility by Period
| OKLS | BRKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 201.03% | 13.22% | +187.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 201.03% | 17.21% | +183.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 201.03% | 17.21% | +183.82% |
OKLS vs. BRKD - Expense Ratio Comparison
OKLS has a 1.31% expense ratio, which is higher than BRKD's 1.00% expense ratio.
Dividends
OKLS vs. BRKD - Dividend Comparison
OKLS has not paid dividends to shareholders, while BRKD's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 |
|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 2.82% | 3.50% |
OKLS Defiance Daily Target 2X Short OKLO ETF | 0.00% | 0.00% |
Frequently Asked Questions
OKLS and BRKD have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRKD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRKD is cheaper with a 1.00% expense ratio, compared with 1.31% for OKLS.
BRKD has the higher dividend yield at 2.82%, compared with 0.00% for OKLS.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for OKLS and 1.00% for BRKD.
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