OKLS vs. CARD
OKLS (Defiance Daily Target 2X Short OKLO ETF) and CARD (Max Auto Industry -3X Inverse Leveraged ETN) are both Inverse Equities funds. OKLS is actively managed, while CARD is passively managed. At a 0.48 correlation, their price movements are largely independent. OKLS charges 1.31%/yr vs 0.95%/yr for CARD.
Performance
OKLS vs. CARD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OKLS achieves a -65.39% return, which is significantly lower than CARD's 2.62% return.
OKLS
- 1D
- 21.55%
- 1M
- 40.94%
- YTD
- -65.39%
- 6M
- -37.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CARD
- 1D
- 6.19%
- 1M
- -1.41%
- YTD
- 2.62%
- 6M
- 6.48%
- 1Y
- -37.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OKLS vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLS Defiance Daily Target 2X Short OKLO ETF | -65.39% | 15.32% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | 2.62% | -7.93% |
Correlation
The correlation between OKLS and CARD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 28, 2025 | 0.48 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OKLS vs. CARD — Risk / Return Rank
OKLS
CARD
OKLS vs. CARD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short OKLO ETF (OKLS) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). 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.
Loading charts...
Sharpe Ratios by Period
| OKLS | CARD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | -0.64 | +0.23 |
Drawdowns
OKLS vs. CARD - Drawdown Comparison
The maximum OKLS drawdown since its inception was -81.03%, smaller than the maximum CARD drawdown of -93.51%. Use the drawdown chart below to compare losses from any high point for OKLS and CARD.
Loading charts...
Drawdown Indicators
| OKLS | CARD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.03% | -93.51% | +12.48% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.57% | — |
Current DrawdownCurrent decline from peak | -71.78% | -92.29% | +20.51% |
Average DrawdownAverage peak-to-trough decline | -39.42% | -68.20% | +28.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 34.14% | — |
Volatility
OKLS vs. CARD - Volatility Comparison
Loading charts...
Volatility by Period
| OKLS | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 49.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 201.03% | 68.83% | +132.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 201.03% | 80.51% | +120.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 201.03% | 80.51% | +120.52% |
OKLS vs. CARD - Expense Ratio Comparison
OKLS has a 1.31% expense ratio, which is higher than CARD's 0.95% expense ratio.
Dividends
OKLS vs. CARD - Dividend Comparison
Neither OKLS nor CARD has paid dividends to shareholders.
Frequently Asked Questions
OKLS and CARD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CARD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CARD is cheaper with a 0.95% expense ratio, compared with 1.31% for OKLS.
OKLS and CARD have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Max. Their fees differ too: 1.31% for OKLS and 0.95% for CARD.
Find the right allocation for OKLS and CARD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer