# OKLL (Defiance Daily Target 2X Long OKLO ETF)

Defiance · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: OKLL returned −69.0% where its own daily promise gave −66.5%, 2.4 points short.

## Key facts

- OKLL, what OKLO did: −37.0%, as of Sep 11, 2026.
- OKLL, what +2 times a day gives: −66.5%, as of Sep 11, 2026.
- OKLL, what the fund returned: −69.0%, as of Sep 11, 2026.
- OKLL, the fund itself cost: −2.4 pts, as of Sep 11, 2026.
- OKLL, net assets: $293m (source, as filed for Apr 30, 2026).
- OKLL, expense ratio: 1.45% (485BPOS XBRL, Aug 26, 2026).

## OKLL over each window to Sep 11, 2026

| Window | Fund | OKLO | +2x the move | Difference | OKLO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −40.3% | −19.7% | −39.5% | −0.8 pts | 78% |
| 3 months | −69.0% | −37.0% | −74.0% | +5.0 pts | 82% |
| 6 months | −78.3% | −38.0% | −75.9% | −2.4 pts | 93% |
| 1 year | −94.5% | −54.7% | −109.4% | +14.9 pts | 102% |
| Since launch | −92.1% | −40.3% | −80.7% | −11.4 pts | 99% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of OKLO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.86 times, against +2 stated | ETFIQ |
| Underlying | OKLO | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $293m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.45% | 485BPOS XBRL, Aug 26, 2026 |
| Launched | Jun 24, 2025 | ETFIQ |
| Underlying volatility over the window | 82% annualized | ETFIQ |

## Questions

### Did OKLL return +2 times OKLO?

Over the window to Sep 11, 2026, OKLO moved −37.0% and OKLL returned −69.0%. 2 times that move is −74.0%, so the fund came out 5.0 points ahead of it.

### Why does OKLL not return +2 times over a year?

Because it resets daily. OKLL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x OKLO ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, OKLL, data as of Sep 11, 2026. https://etfiq.com/funds/OKLL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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