MPG vs. ORCX
MPG (Leverage Shares 2X Long MP Daily ETF) and ORCX (Defiance Daily Target 2X Long ORCL ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. MPG charges 0.75%/yr vs 1.29%/yr for ORCX.
Performance
MPG vs. ORCX - Performance Comparison
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Returns By Period
In the year-to-date period, MPG achieves a -43.34% return, which is significantly higher than ORCX's -68.21% return.
MPG
- 1D
- -16.13%
- 1M
- -38.73%
- 6M
- -66.34%
- YTD
- -43.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ORCX
- 1D
- -12.56%
- 1M
- -57.85%
- 6M
- -66.24%
- YTD
- -68.21%
- 1Y
- -83.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPG vs. ORCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MPG Leverage Shares 2X Long MP Daily ETF | -43.34% | -49.37% |
ORCX Defiance Daily Target 2X Long ORCL ETF | -68.21% | -56.37% |
Correlation
The correlation between MPG and ORCX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.42 |
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Return for Risk
MPG vs. ORCX — Risk / Return Rank
MPG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ORCX
MPG vs. ORCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long MP Daily ETF (MPG) and Defiance Daily Target 2X Long ORCL ETF (ORCX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MPG | ORCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.86 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.93 | — |
| Martin ratioReturn relative to average drawdown | — | -1.31 | — |
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Drawdowns
MPG vs. ORCX - Drawdown Comparison
The maximum MPG drawdown since its inception was -71.31%, smaller than the maximum ORCX drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for MPG and ORCX.
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Drawdown Indicators
| MPG | ORCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.31% | -90.20% | +18.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -90.20% | — |
Current DrawdownCurrent decline from peak | -71.31% | -90.20% | +18.89% |
Average DrawdownAverage peak-to-trough decline | -37.68% | -47.27% | +9.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 63.85% | — |
Volatility
MPG vs. ORCX - Volatility Comparison
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Volatility by Period
| MPG | ORCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 85.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.05% | 130.39% | +14.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.05% | 121.39% | +23.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.05% | 121.39% | +23.66% |
MPG vs. ORCX - Expense Ratio Comparison
MPG has a 0.75% expense ratio, which is lower than ORCX's 1.29% expense ratio.
Dividends
MPG vs. ORCX - Dividend Comparison
Neither MPG nor ORCX has paid dividends to shareholders.
Frequently Asked Questions
MPG and ORCX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MPG is cheaper with a 0.75% expense ratio, compared with 1.29% for ORCX.
MPG and ORCX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for MPG and 1.29% for ORCX.
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