- CUSIP
- 88636R511
- Issuer
- Defiance
- Inception Date
- Feb 6, 2025
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $433M
Share Price Chart
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Performance
ORCX Performance Chart
Defiance Daily Target 2X Long ORCL ETF (ORCX) is up 31.3% since the beginning of the year. ORCX is currently trading at $68 per share.
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Returns By Period
Defiance Daily Target 2X Long ORCL ETF (ORCX) has returned 31.34% so far this year and 33.67% over the past 12 months.
Defiance Daily Target 2X Long ORCL ETF
- 1D
- -2.86%
- 1M
- 93.58%
- YTD
- 31.34%
- 6M
- 18.48%
- 1Y
- 33.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
ORCX Monthly Returns History
Based on dividend-adjusted daily data since Feb 7, 2025, ORCX's average daily return is +0.29%, while the average monthly return is +6.07%. At this rate, an investment would double in approximately 1.0 years.
Historically, 41% of months were positive and 59% were negative. The best month was May 2026 with a return of +88.1%, while the worst month was Nov 2025 at -42.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ORCX closed higher 50% of trading days. The best single day was Sep 10, 2025 with a return of +71.3%, while the worst single day was Dec 11, 2025 at -22.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -30.30% | -25.23% | -0.93% | 16.41% | 88.12% | 16.15% | 31.34% | ||||||
| 2025 | -11.09% | -31.29% | -1.91% | 35.23% | 68.13% | 32.49% | -22.91% | 39.01% | -15.36% | -42.78% | -10.54% | -16.20% |
Benchmark Metrics
Defiance Daily Target 2X Long ORCL ETF has an annualized alpha of 15.63%, beta of 3.03, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since February 10, 2025.
- This ETF captured 405.49% of S&P 500 Index gains and 344.14% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.20 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 15.63%
- Beta
- 3.03
- R²
- 0.20
- Upside Capture
- 405.49%
- Downside Capture
- 344.14%
Expense Ratio
ORCX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ORCX ranks 17 for risk / return — in the bottom 17% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2X Long ORCL ETF (ORCX) and compare them to S&P 500 Index.
| ORCX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | 2.39 | -2.12 |
Sortino ratioReturn per unit of downside risk | 1.46 | 3.25 | -1.80 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.43 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.39 | 3.11 | -2.72 |
Martin ratioReturn relative to average drawdown | 0.59 | 14.38 | -13.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance Daily Target 2X Long ORCL ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance Daily Target 2X Long ORCL ETF was 85.98%, occurring on Apr 9, 2026. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Long ORCL ETF drawdown is 59.52%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -85.98%Apr 2026 | 7mo | — | 8mo 25dSep 2025 - now |
2025 selloff2025 | -57.36%Apr 2025 | 2mo | 1mo 22d | 3mo 22dFeb 2025 - Jun 2025 |
2025 bear market2025 | -26.04%Sep 2025 | 28d | 6d | 1mo 4dAug 2025 - Sep 2025 |
2025 pullback2025 | -9.00%Jul 2025 | 4d | 7d | 11dJul 2025 - Jul 2025 |
2025 selloff2025 | -8.79%Jun 2025 | 4d | 10d | 14dJun 2025 - Jun 2025 |
Drawdown Indicators
| ORCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.98% | -56.78% | -29.20% |
Max Drawdown (1Y)Largest decline over 1 year | -85.98% | -9.10% | -76.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -59.52% | 0.00% | -59.52% |
Average DrawdownAverage peak-to-trough decline | -44.34% | -10.72% | -33.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.35% | 1.97% | +55.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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