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OKLL

GradeDNASDAQ Global Select

Daily Target 2X Long OKLO ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2025-06-23

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$10.70−0.82 (−7.13%)

As of Sep 23, 2026, 3:05 PM EDT

History starts Jun 24, 2025.
Intraday session: down, 68 prints from 11.52 to 10.70. Range 10.61 to 11.33. Use the arrow keys to read each point.$10.60$10.80$11.00$11.20$11.4010 AM12 PM2 PM4 PM
Expense ratio
1.45%
Fund size
$112M
1Y return
−97.7%
Yield · Last 12 months
—
Holdings
11
Volume · 30D
2.6M sh
NAV per share
$11.39
52W range
low $8.57high $849.78

The ETF.net OKLL Grade

D

30/ 100

Rank 262 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for OKLL. Scores out of 100: Cost 21, Risk 12, Mission 92, Tradability 53, Holdings not scored, Durability 76. Strongest: Mission (92). Weakest: Risk (12). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 30 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 21
    Category rank300/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 92
    Category rank76/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 12
    Category rank283/285 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 53
    Category rank162/380 · top 43%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 76
    Category rank40/380 · top 11%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on OKLL

ETF.net Research

DA single-ticker way to double down on Oklo, no margin account required. OKLL aims for twice Oklo's daily move, and it resets that leverage every session, so the math is built around one day at a time.

Stated mandate

The Fund seeks daily investment results, before fees and expenses, equal to twice the daily percentage change in Oklo Inc.'s share price.

Why people hold it

  1. 01Does one job and does it closely: the fund targets twice Oklo Inc.'s daily percentage move, and it has tracked that stated daily multiple tightly since its 2025 launch.defianceetfs.com
  2. 022x exposure without a margin account or an options ticket: buy the share, get the leverage, and your loss is capped at what you put in.defianceetfs.com
  3. 03One of the busier tapes among leveraged single-stock funds, which is what you want when the plan is to get in and out of an energy-sector name quickly.cbonds.com

Worth knowing

  1. 01The 1.31% expense ratio runs above the leveraged single-stock norm, where rivals like AAPU (0.96%) and AMDG (0.75%) sit. Leverage is a short-hold tool, but the fee still bites.
  2. 02Daily reset means daily math. Hold past one session and returns compound, so a choppy stretch in Oklo can leave you well short of 2x the move over that period.defianceetfs.com
  3. 03Everything rides on one company, amplified. There is no diversification here and no regular distribution to soften the ride.

OKLL Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
11
Top-10 weight
273%
Largest holding
United States Treasury Bill 11/19/202667.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202667.76%68,500,000$68M48
002—OKLO INC SWAP JNST-L29.77%786,860$30M1
003—OKLO INC SWAP NOMURA28.70%758,762$29M1
004—OKLKO INC SWAP MAREX28.35%749,537$28M1
005—OKLO INC SWAP NBC-L28.13%743,653$28M1
006—OKLO INC SWAP CANTOR26.62%703,645$27M1
007—OKLO INC SWAP CS-L26.47%699,813$27M1
008—OKLO INC SWAP BMO17.62%465,800$18M1
009—OKLO INC.-SWAP-MSCS-L14.43%381,500$14M1
010—First American Government Obligations Fund 12/01/20315.00%5,022,485$5M625

Showing 1–10 of 10 holdings

OKLL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

OKLL$235
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. OKLL $235. SPY $11,723. Use the arrow keys to read each point.$-929$7,151$15,230Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for OKLL. Periods over one year show the average yearly return.
PeriodOKLL
Year to date−86.3%
1 month−15.6%
3 months−62.9%
1 year−97.7%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for OKLL
YearReturn barOKLL
2026 YTD−86.3%
2025−30.3%

History from Jun 24, 2025

OKLL in the news

ETF.net Research hasn’t filed on OKLL yet — coverage lands here as it’s written.

OKLL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

OKLL Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
188.6%
Annualised · 14 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.13
vs 3-month T-bills · 14 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−98.7%
14 months · trough Sep 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
9.90
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

OKLL Cost

Expense ratio1.45%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

264 of the 329 Single-Stock Long Leveraged funds charge less.

OKLL costs $145.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.