Which came closer to its stated multiple, OKLC or OKLL?

Over the window to Sep 30, 2026, OKLC finished 4.5 points from what its multiple implies and OKLL finished 2.4 points from its own, so OKLL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are OKLC and OKLL levered on the same thing?

Yes. Both are levered on OKLO, OKLC at +2 times and OKLL at +2 times the daily move.

Which one decays faster, OKLC or OKLL?

Decay follows how much the underlying moves about. Over this window OKLC’s moved at 69% annualized and OKLL’s at 82%, so OKLL has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold OKLC or OKLL for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, OKLC or OKLL?

OKLC charges 0.45% a year and OKLL charges 1.45%, so OKLC is cheaper. Fees come from each fund's prospectus.

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OKLC vs OKLL: which held to its multiple?

Over the days both have traded, OKLC finished 4.5 points from its stated multiple and OKLL 4.5. Corgi OKLO 2x Daily ETF and Defiance Daily Target 2X Long OKLO ETF.

−50.6%

OKLC returned, since launch

−61.2%

OKLL returned, 3 months

−5.2 pts

OKLC from its stated multiple

−2.4 pts

OKLL from its stated multiple

OKLC · 1 month to Sep 30, 20264.5 pts short of its stated multiple

OKLC returned −22.0% while 2 times OKLO's move would have been −17.5%

OKLL · 3 months to Sep 30, 20262.4 pts short of its stated multiple

OKLL returned −61.2% while 2 times OKLO's move would have been −58.8%

Performance, window by window

	Total return		Multiple would give		Difference
Window	OKLC	OKLL	OKLC	OKLL	OKLC	OKLL
1 month	−22.0%	−22.0%	−17.5%	−17.5%	−4.5 pts	−4.5 pts
3 months	not published	−61.2%	not published	−58.8%	not published	−2.4 pts
6 months	not published	−66.2%	not published	−46.0%	not published	−20.2 pts
1 year	not published	−96.8%	not published	−133.7%	not published	+36.9 pts
Since launch OKLC Jul 2026 · OKLL Jun 2025	−50.6%	−92.1%	−45.4%	−78.0%	−5.2 pts	−14.0 pts

OKLC and OKLL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

OKLC

Corgi OKLO 2x Daily ETF · Aims to return twice the daily move of OKLO

OKLL

Defiance Daily Target 2X Long OKLO ETF · Aims to return twice the daily move of OKLO

Issuer Corgi Defiance

Sets out to return +2x +2x

Underlying asset OKLO OKLO

Segment company company

Fund returned, 3 months or since launch −22.0% −61.2%

Underlying returned, over that window −8.8% −29.4%

What the stated multiple implies, over that window −17.5% −58.8%

Difference from stated, over that window −4.5 pts −2.4 pts

Fund returned, 1 year or since launch −50.6% −96.8%

Difference from stated, over that window −5.2 pts +36.9 pts

Underlying volatility 69% 82%

Difference over the days both have traded −4.5 pts −4.5 pts

Expense ratio 0.45% 1.45%

Launched Jul 7, 2026 Jun 24, 2025

Net assets $416,323 $117m

OKLC and OKLL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

OKLC in plain words

One month to Sep 30, 2026: OKLC returned −22.0% where its own daily promise gave −20.0%, 2.0 points short. Read the multiple against the whole window instead and 2 times OKLO's −8.8% implies −17.5%, which makes OKLC look 4.5 points short. 2.5 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. OKLC aims to return +2 times OKLO's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. OKLO moved at 69% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

OKLL in plain words

Three months to Sep 30, 2026: OKLL returned −61.2% where its own daily promise gave −57.8%, 3.4 points short. Read the multiple against the whole window instead and 2 times OKLO's −29.4% implies −58.8%, which makes OKLL look 2.4 points short. 1.0 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. OKLL aims to return +2 times OKLO's move each day, then resets. OKLO moved at 82% annualized over that window.

Questions people ask

Which came closer to its stated multiple, OKLC or OKLL?: Over the window to Sep 30, 2026, OKLC finished 4.5 points from what its multiple implies and OKLL finished 2.4 points from its own, so OKLL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are OKLC and OKLL levered on the same thing?: Yes. Both are levered on OKLO, OKLC at +2 times and OKLL at +2 times the daily move.
Which one decays faster, OKLC or OKLL?: Decay follows how much the underlying moves about. Over this window OKLC’s moved at 69% annualized and OKLL’s at 82%, so OKLL has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold OKLC or OKLL for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, OKLC or OKLL?: OKLC charges 0.45% a year and OKLL charges 1.45%, so OKLC is cheaper. Fees come from each fund's prospectus.

Other comparisons

OKLC on its own →OKLL on its own →How every figure is computed →Standards and sources →

Where these figures came from

OKLC filings on SEC EDGAR ↗OKLC prospectus with the expense ratio (SEC) ↗Corgi website ↗OKLL filings on SEC EDGAR ↗OKLL prospectus with the expense ratio (SEC) ↗Defiance page for OKLL ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, OKLC against OKLL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/oklc-vs-okll

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.