IVV vs OKLL
iShares Core S&P 500 ETF vs Defiance Daily Target 2x Long OKLO ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | OKLL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.31% | |
| AUM | $865.2B | $128M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 10 | |
| YTD Return | +13.72% | -83.71% | |
| 1Y Return | +21.64% | -90.92% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 190.7% | |
| Max Drawdown | -56.5% | -98.4% | |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jun 23, 2025 |
IVV vs OKLL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Defiance Daily Target 2x Long OKLO ETF (OKLL) is a ETF from Defiance ETFs, LLC. Over the past year IVV returned +21.64% while OKLL returned -90.92%. Year to date, IVV is up 13.72% versus a loss of 83.71% for OKLL.
Risk: Volatility and Drawdowns
OKLL has been the more volatile fund, with annualized monthly volatility of 190.7% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -98.4% for OKLL. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while OKLL charges 1.31%. On a $10,000 position that is $3 vs $131 annually, a gap of $128 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for OKLL.
Holdings Overlap
IVV and OKLL share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or OKLL?
IVV has an expense ratio of 0.03% while OKLL charges 1.31%. IVV is the cheaper option. On a $10,000 investment, that is $128 per year of difference.
Which performed better, IVV or OKLL?
Over the past year IVV returned +21.64% vs -90.92% for OKLL, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.04% vs -83.24% for OKLL. Past performance does not guarantee future results.
Which is riskier, IVV or OKLL?
OKLL has been the more volatile fund at 190.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs OKLL -98.4%.
Should I hold both IVV and OKLL?
IVV and OKLL have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and OKLL?
IVV and OKLL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or OKLL?
IVV yields 1.09% while OKLL yields 0.00%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.