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

Defiance · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: OKLL returned −61.2% where its own daily promise gave −57.8%, 3.4 points short.

## Key facts

- OKLL, what OKLO did: −29.4%, as of Sep 30, 2026.
- OKLL, what 2 times a day gives: −57.8%, as of Sep 30, 2026.
- OKLL, what the fund returned: −61.2%, as of Sep 30, 2026.
- OKLL, the fund itself cost: −3.4 pts, as of Sep 30, 2026.
- OKLL, net assets: $117m (the issuer’s own daily fund list, as of Sep 30, 2026).
- OKLL, expense ratio: 1.45% (485BPOS XBRL, Aug 26, 2026).

## OKLL over each window to Sep 30, 2026

| Window | Fund | OKLO | +2x the move | Difference | OKLO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −22.0% | −8.8% | −17.5% | −4.5 pts | 69% |
| 3 months | −61.2% | −29.4% | −58.8% | −2.4 pts | 82% |
| 6 months | −66.2% | −23.0% | −46.0% | −20.2 pts | 92% |
| 1 year | −96.8% | −66.8% | −133.7% | +36.9 pts | 96% |
| Since launch | −92.1% | −39.0% | −78.0% | −14.0 pts | 97% |

## 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 | +2.08 times, against +2 stated | ETFIQ |
| Underlying | OKLO | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $117m | the issuer’s own daily fund list, as of Sep 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 30, 2026, OKLO moved −29.4% and OKLL returned −61.2%. 2 times that move is −58.8%, so the fund came out 2.4 points short 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 figure itself.


## Cite this page

ETFIQ, OKLL, data as of Sep 30, 2026. https://etfiq.com/funds/okll
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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