Defiance Daily Target 2x Long OKLO ETF (OKLL) Performance
OKLL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −94.6% since Dec 31, 2025
- 1 year
- −98.6% total return
- Since first price
- −96.2% since 2025
OKLL trailing returns vs SPY, QQQ, AGG
| Period | OKLL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −56.9% | −56.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −72.4% | −72.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −93.1% | −93.1% | +7.8% | +8.4% | −1.5% |
| YTD | −94.6% | −94.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −98.6% | −98.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 24, 2025 | −96.2% | −96.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: OKLL vs SPY
From Jun 24, 2025: OKLL grew to $379, SPY to $12,695.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OKLL returns by calendar year
2026 is year to date.
OKLL annual returns table
| Year | OKLL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −94.6% | −97.4% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
OKLL largest drawdowns
Now 99.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 14, 2025 | −99.3% | Oct 23, 2026 | not yet | 1.0 years | 1.0 years so far |
| Sep 23, 2025 | −41.8% | Sep 26, 2025 | Oct 13, 2025 | 3 days | 20 days |
| Aug 5, 2025 | −41.3% | Aug 19, 2025 | Sep 15, 2025 | 14 days | 41 days |
| Jun 24, 2025 | −29.8% | Jul 2, 2025 | Jul 14, 2025 | 8 days | 20 days |
| Jul 18, 2025 | −21.3% | Jul 22, 2025 | Jul 24, 2025 | 4 days | 6 days |
| Jul 31, 2025 | −13.7% | Aug 1, 2025 | Aug 5, 2025 | 1 days | 5 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
OKLL risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −84.8% |
| Volatility (annualized) | 182.6% |
| Sharpe ratio | -0.22 |
| Sortino ratio | -0.37 |
| Best month | +101.4% |
| Worst month | −58.4% |
| Best 12 months | −75.6% |
| Worst 12 months | −96.8% |
| Positive months | 33% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
OKLL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 5 | −98.8% | −92.9% | −75.6% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
OKLL performance overview
Defiance Daily Target 2x Long OKLO ETF (OKLL) returned −98.6% over the past year, with distributions reinvested. Since its first recorded price on Jun 24, 2025 it has returned −96.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.3%, from Oct 14, 2025 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 182.6% a year.
Related: OKLL chart. See the OKLL overview for the latest quote and fund facts.
OKLL performance FAQ
What is the OKLL return over the past year?
OKLL returned −98.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 98.6%.
How much would $10,000 invested in OKLL be worth?
$10,000 invested in OKLL at its first recorded close on June 24, 2025 would be worth about $379 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of OKLL?
The largest peak-to-trough decline was −99.3% between October 14, 2025 and October 23, 2026. It has not yet recovered to that high; it is 99.3% below its peak.
How volatile is OKLL?
Over the past history OKLL had an annualized volatility of 182.6% and a Sharpe ratio of -0.22 (excess return over 1–3 month T-bills per unit of risk).