ORCX vs. AIPO

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Long ORCL ETF (ORCX) and Defiance AI & Power Infrastructure ETF (AIPO).

ORCX and AIPO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ORCX is an actively managed fund by Defiance. It was launched on Feb 6, 2025. AIPO is a passively managed fund by Defiance that tracks the performance of the MarketVector™ US Listed AI and Power Infrastructure Index. It was launched on Jul 24, 2025.

Performance

ORCX vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long ORCL ETF (ORCX) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

ORCX vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
ORCX Defiance Daily Target 2X Long ORCL ETF	-48.37%	-50.26%
AIPO Defiance AI & Power Infrastructure ETF	12.84%	8.68%

Returns By Period

In the year-to-date period, ORCX achieves a -48.37% return, which is significantly lower than AIPO's 12.84% return.

ORCX

• 1D: 11.91%
• 1M: -0.93%
• YTD: -48.37%
• 6M: -77.63%
• 1Y: -29.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: 4.70%
• 1M: -4.73%
• YTD: 12.84%
• 6M: 10.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ORCX vs. AIPO - Expense Ratio Comparison

ORCX has a 1.29% expense ratio, which is higher than AIPO's 0.69% expense ratio.

ORCX

Defiance Daily Target 2X Long ORCL ETF

AIPO

Defiance AI & Power Infrastructure ETF

Return for Risk

ORCX vs. AIPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ORCX

ORCX Risk / Return Rank: 11
ORCX Sharpe Ratio Rank: 7
ORCX Sortino Ratio Rank: 19
ORCX Omega Ratio Rank: 17
ORCX Calmar Ratio Rank: 6
ORCX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ORCX vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ORCL ETF (ORCX) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

	ORCX	AIPO	Difference
Sharpe ratio Return per unit of total volatility	-0.24	—	—
Sortino ratio Return per unit of downside risk	0.46	—	—
Omega ratio Gain probability vs. loss probability	1.05	—	—
Calmar ratio Return relative to maximum drawdown	-0.35	—	—
Martin ratio Return relative to average drawdown	-0.63	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ORCX	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	1.03	-1.47

Correlation

The correlation between ORCX and AIPO is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ORCX vs. AIPO - Dividend Comparison

ORCX has not paid dividends to shareholders, while AIPO's dividend yield for the trailing twelve months is around 0.01%.

	TTM	2025
ORCX Defiance Daily Target 2X Long ORCL ETF	0.00%	0.00%
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%

Drawdowns

ORCX vs. AIPO - Drawdown Comparison

The maximum ORCX drawdown since its inception was -85.78%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for ORCX and AIPO.

Drawdown Indicators

	ORCX	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-85.78%	-17.31%	-68.47%
Max Drawdown (1Y) Largest decline over 1 year	-85.78%	—	—
Current Drawdown Current decline from peak	-84.08%	-7.04%	-77.04%
Average Drawdown Average peak-to-trough decline	-39.46%	-5.03%	-34.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.04%	—	—

Volatility

Volatility by Period

	ORCX	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	73.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	122.50%	34.05%	+88.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.03%	34.05%	+84.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.03%	34.05%	+84.98%