QQQT vs. OKLL

Last updated Jul 15, 2026

QQQT (Defiance Nasdaq 100 Income Target ETF) and OKLL (Defiance Daily Target 2x Long OKLO ETF) are both exchange-traded funds - QQQT is a Nasdaq-100 fund actively managed by Defiance, while OKLL is a Leveraged Equities fund actively managed by Defiance. Both are actively managed. Over the past year, QQQT returned 24.86% vs -84.70% for OKLL. At a 0.48 correlation, their price movements are largely independent. QQQT charges 1.05%/yr vs 1.31%/yr for OKLL.

Performance

QQQT vs. OKLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Nasdaq 100 Income Target ETF (QQQT) 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, QQQT achieves a 15.91% return, which is significantly higher than OKLL's -77.76% return.

QQQT

• 1D: 1.01%
• 1M: -0.02%
• 6M: 13.89%
• YTD: 15.91%
• 1Y: 24.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OKLL

• 1D: 1.36%
• 1M: -39.05%
• 6M: -87.30%
• YTD: -77.76%
• 1Y: -84.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQT vs. OKLL - Yearly Performance Comparison

	2026 (YTD)	2025
QQQT Defiance Nasdaq 100 Income Target ETF	15.91%	11.81%
OKLL Defiance Daily Target 2x Long OKLO ETF	-77.76%	-25.10%

Correlation

The correlation between QQQT and OKLL is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.48

Return for Risk

QQQT vs. OKLL — Risk / Return Rank

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

QQQT

QQQT Risk / Return Rank: 51
QQQT Sharpe Ratio Rank: 53
QQQT Sortino Ratio Rank: 50
QQQT Omega Ratio Rank: 55
QQQT Calmar Ratio Rank: 49
QQQT Martin Ratio Rank: 49

OKLL

OKLL Risk / Return Rank: 6
OKLL Sharpe Ratio Rank: 6
OKLL Sortino Ratio Rank: 8
OKLL Omega Ratio Rank: 9
OKLL Calmar Ratio Rank: 2
OKLL Martin Ratio Rank: 4

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.

QQQT vs. OKLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Income Target ETF (QQQT) 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.

	QQQT	OKLL	Difference
Sharpe ratio: Return per unit of total volatility	1.46	-0.42	+1.88
Sortino ratio: Return per unit of downside risk	1.99	0.07	+1.92
Omega ratio: Gain probability vs. loss probability	1.27	1.01	+0.26
Calmar ratio: Return relative to maximum drawdown	1.96	-0.87	+2.83
Martin ratio: Return relative to average drawdown	6.56	-1.13	+7.70

QQQT vs. OKLL - Sharpe Ratio Comparison

The current QQQT Sharpe Ratio is 1.46, which is higher than the OKLL Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of QQQT and OKLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQT vs. OKLL - Drawdown Comparison

The maximum QQQT drawdown since its inception was -22.50%, smaller than the maximum OKLL drawdown of -97.35%. Use the drawdown chart below to compare losses from any high point for QQQT and OKLL.

Drawdown Indicators

	QQQT	OKLL	Difference
Max Drawdown Largest peak-to-trough decline	-22.50%	-97.35%	+74.85%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-97.35%	+84.62%
Current Drawdown Current decline from peak	-3.25%	-97.31%	+94.06%
Average Drawdown Average peak-to-trough decline	-3.96%	-64.22%	+60.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	74.65%	-70.85%

Volatility

QQQT vs. OKLL - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Income Target ETF (QQQT) is 7.40%, while Defiance Daily Target 2x Long OKLO ETF (OKLL) has a volatility of 35.99%. This indicates that QQQT experiences smaller price fluctuations and is considered to be less risky than OKLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQT	OKLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.40%	35.99%	-28.59%
Volatility (6M) Calculated over the trailing 6-month period	14.29%	130.46%	-116.17%
Volatility (1Y) Calculated over the trailing 1-year period	17.12%	202.41%	-185.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.78%	199.42%	-178.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	199.42%	-178.64%

QQQT vs. OKLL - Expense Ratio Comparison

QQQT has a 1.05% expense ratio, which is lower than OKLL's 1.31% expense ratio.

Dividends

QQQT vs. OKLL - Dividend Comparison

QQQT's dividend yield for the trailing twelve months is around 20.10%, while OKLL has not paid dividends to shareholders.

Position	TTM	2025	2024
OKLL Defiance Daily Target 2x Long OKLO ETF	0.00%	0.00%	0.00%
QQQT Defiance Nasdaq 100 Income Target ETF	20.10%	21.27%	10.35%

Frequently Asked Questions

Can I hold both QQQT and OKLL in my portfolio?

QQQT and OKLL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQT or OKLL?

OKLL has higher volatility (35.99%) compared to QQQT (7.40%). In terms of maximum drawdown, QQQT dropped -22.50% vs OKLL's -97.35%.

Which ETF is better, QQQT or OKLL?

On 1-year performance, QQQT leads with 24.86% vs -84.70% for OKLL. On fees, QQQT is cheaper at 1.05% per year. On volatility, QQQT has been the lower-risk option at 7.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQT or OKLL?

Over the 1-year period, QQQT has performed better with a 24.86% return vs -84.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQT or OKLL?

QQQT is cheaper with a 1.05% expense ratio, compared with 1.31% for OKLL.

Which ETF pays a higher dividend yield, QQQT or OKLL?

QQQT has the higher dividend yield at 20.10%, compared with 0.00% for OKLL.

What is the main difference between QQQT and OKLL?

QQQT is categorized as Nasdaq-100, while OKLL is Leveraged Equities. Their fees differ too: 1.05% for QQQT and 1.31% for OKLL.

Which has better risk-adjusted returns?

QQQT currently has the higher Sharpe Ratio (1.46 vs -0.42), 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.