Skip to content
Beacon

OKLSDefiance Daily Target 2X Short OKLO ETF

Take a betNewRanked #548 of 775 in this goal

Seeks daily inverse investment results of -200% of the daily percentage change in the share price of Oklo Inc.

By Defiance ETFs LLC · Launched 2025

Annual Cost

1.31%

#5,345 of 5,562 · expensive

Fund Size

$5M

#5,065 of 5,562 · small

Return (1Y)Goal

N/A

Track Record

7 months

#5,023 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$3,584-64.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Focus

Single Stock

What it actually holds

By weight

Concentration

Top 6 holdings = 69.2% of fundconcentrated

TREASURY BILL
25.8%
N/A
11.6%
N/A
9.5%
N/A
8.4%
N/A
8.4%
First American Government Obli
5.5%

Asset allocation

Cash
311.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-81.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily inverse investment results of -200% of the daily percentage change in the share price of Oklo Inc.
Strategy
Actively managed fund employing derivatives like swap agreements and options to achieve -2X daily exposure to Oklo Inc. Primarily uses short-dated in-the-money call options and may adjust strategies based on market conditions.
Inception date
November 25, 2025
Fund family
Defiance ETFs LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Leveraged single-stock ETF — documented structural drag

Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.

Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)

Why we flagged this: strategy=inverse + single_stock_wrapper

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've reviewed OKLS. Save it to your watchlist to track it alongside the other funds you're weighing.

Data updated on 2026-06-19