OKLS vs. PLTZ
OKLS (Defiance Daily Target 2X Short OKLO ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds from Defiance. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. OKLS charges 1.31%/yr vs 1.29%/yr for PLTZ.
Performance
OKLS vs. PLTZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OKLS achieves a -57.45% return, which is significantly lower than PLTZ's 56.11% return.
OKLS
- 1D
- 3.84%
- 1M
- 50.03%
- YTD
- -57.45%
- 6M
- -51.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ
- 1D
- -10.31%
- 1M
- 20.94%
- YTD
- 56.11%
- 6M
- 75.27%
- 1Y
- -27.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OKLS vs. PLTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKLS Defiance Daily Target 2X Short OKLO ETF | -57.45% | 12.18% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 56.11% | -18.77% |
Correlation
The correlation between OKLS and PLTZ is 0.37, 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 26, 2025 | 0.37 |
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. PLTZ — Risk / Return Rank
OKLS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PLTZ
OKLS vs. PLTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short OKLO ETF (OKLS) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). 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.
| OKLS | PLTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.03 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.41 | — |
| Martin ratioReturn relative to average drawdown | — | -0.55 | — |
Loading charts...
Drawdowns
OKLS vs. PLTZ - Drawdown Comparison
The maximum OKLS drawdown since its inception was -81.03%, which is greater than PLTZ's maximum drawdown of -72.51%. Use the drawdown chart below to compare losses from any high point for OKLS and PLTZ.
Loading charts...
Drawdown Indicators
| OKLS | PLTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.03% | -72.51% | -8.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.51% | — |
Current DrawdownCurrent decline from peak | -65.31% | -48.59% | -16.72% |
Average DrawdownAverage peak-to-trough decline | -42.29% | -55.54% | +13.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 51.16% | — |
Volatility
OKLS vs. PLTZ - Volatility Comparison
Loading charts...
Volatility by Period
| OKLS | PLTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 42.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 77.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 195.27% | 103.98% | +91.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 195.27% | 102.58% | +92.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 195.27% | 102.58% | +92.69% |
OKLS vs. PLTZ - Expense Ratio Comparison
OKLS has a 1.31% expense ratio, which is higher than PLTZ's 1.29% expense ratio.
Dividends
OKLS vs. PLTZ - Dividend Comparison
Neither OKLS nor PLTZ has paid dividends to shareholders.
Frequently Asked Questions
OKLS and PLTZ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PLTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PLTZ is cheaper with a 1.29% expense ratio, compared with 1.31% for OKLS.
OKLS and PLTZ have nearly identical dividend yields, around 0.00%.
Their fees differ too: 1.31% for OKLS and 1.29% for PLTZ.
Find the right allocation for OKLS and PLTZ
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