OKLL vs QQQ
Defiance Daily Target 2x Long OKLO ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | OKLL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.31% | 0.18% | |
| AUM | $168M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 11 | 108 | |
| YTD Return | -86.27% | +16.23% | |
| 1Y Return | -89.28% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 188.8% | 30.6% | |
| Max Drawdown | -98.4% | -83.0% | |
| Fund Family | Defiance ETFs, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 23, 2025 | Mar 10, 1999 |
OKLL vs QQQ Performance
Defiance Daily Target 2x Long OKLO ETF (OKLL) is a ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OKLL returned -89.28% while QQQ returned +26.23%. Year to date, OKLL is down 86.27% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
OKLL has been the more volatile fund, with annualized monthly volatility of 188.8% compared with 30.6% for QQQ. 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 -98.4% for OKLL and -83.0% for QQQ. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OKLL charges 1.31% per year while QQQ charges 0.18%. On a $10,000 position that is $131 vs $18 annually, a gap of $113 per year that compounds over a long holding period. On income, OKLL currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
OKLL and QQQ share 0 holdings out of 104 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, OKLL or QQQ?
OKLL has an expense ratio of 1.31% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $113 per year of difference.
Which performed better, OKLL or QQQ?
Over the past year OKLL returned -89.28% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), OKLL annualized -85.04% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, OKLL or QQQ?
OKLL has been the more volatile fund at 188.8% annualized versus 30.6% for QQQ. Worst drawdown: OKLL -98.4% vs QQQ -83.0%.
Should I hold both OKLL and QQQ?
OKLL and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OKLL and QQQ?
OKLL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, OKLL or QQQ?
OKLL yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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