ORCX vs. AIPO

Last updated Aug 2, 2026

ORCX (Defiance Daily Target 2X Long ORCL ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - ORCX is a Leveraged Equities fund actively managed by Defiance, while AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. ORCX is actively managed, while AIPO is passively managed. Over the past year, ORCX returned -82.98% vs 42.03% for AIPO. Their 0.44 correlation means their historical movements had little consistent relationship. ORCX charges 1.29%/yr vs 0.69%/yr for AIPO.

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.

Returns By Period

In the year-to-date period, ORCX achieves a -66.07% return, which is significantly lower than AIPO's 29.43% return.

ORCX

• 1D: 3.60%
• 1M: -17.07%
• 6M: -51.32%
• YTD: -66.07%
• 1Y: -82.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -57.50%

AIPO

• 1D: 0.63%
• 1M: -7.73%
• 6M: 16.62%
• YTD: 29.43%
• 1Y: 42.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 40.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIPO Defiance AI & Power Infrastructure ETF	$40.86M	$38.41M	$47.30M
ORCX Defiance Daily Target 2X Long ORCL ETF	$54.28M	$69.35M	$93.03M

ORCX vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
ORCX Defiance Daily Target 2X Long ORCL ETF	-66.07%	-49.40%
AIPO Defiance AI & Power Infrastructure ETF	29.43%	9.46%

Correlation

The correlation between ORCX and AIPO is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.44

ORCX vs. AIPO - Sectors Allocation Comparison

Sectors	ORCX	AIPO
Technology	100.0%	15.7%
Basic Materials	-	-
Communication Services	-	0.5%
Consumer Cyclical	-	0.7%
Consumer Defensive	-	-
Energy	-	6.8%
Financial Services	-	2.9%
Healthcare	-	-
Industrials	-	58.0%
Real Estate	-	0.9%
Utilities	-	15.3%

Return for Risk

ORCX vs. AIPO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ORCX

ORCX Risk / Return Rank: 3
ORCX Sharpe Ratio Rank: 4
ORCX Sortino Ratio Rank: 2
ORCX Omega Ratio Rank: 3
ORCX Calmar Ratio Rank: 1
ORCX Martin Ratio Rank: 2

AIPO

AIPO Risk / Return Rank: 43
AIPO Sharpe Ratio Rank: 42
AIPO Sortino Ratio Rank: 42
AIPO Omega Ratio Rank: 41
AIPO Calmar Ratio Rank: 45
AIPO Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	ORCX	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	1.05	-1.69
Sortino ratio: Return per unit of downside risk	-1.28	1.53	-2.81
Omega ratio: Gain probability vs. loss probability	0.86	1.19	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.92	1.61	-2.53
Martin ratio: Return relative to average drawdown	-1.26	5.40	-6.66

ORCX vs. AIPO - Sharpe Ratio Comparison

The current ORCX Sharpe Ratio is -0.64, which is lower than the AIPO Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ORCX and AIPO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ORCX vs. AIPO - Drawdown Comparison

The maximum ORCX drawdown since its inception was -91.72%, which is greater than AIPO's maximum drawdown of -24.36%. 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	-91.72%	-24.36%	-67.36%
Max Drawdown (1Y) Largest decline over 1 year	-91.72%	-24.36%	-67.36%
Current Drawdown Current decline from peak	-89.54%	-17.66%	-71.88%
Average Drawdown Average peak-to-trough decline	-48.55%	-5.28%	-43.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.58%	7.27%	+59.31%

Volatility

ORCX vs. AIPO - Volatility Comparison

Defiance Daily Target 2X Long ORCL ETF (ORCX) has a higher volatility of 35.07% compared to Defiance AI & Power Infrastructure ETF (AIPO) at 14.51%. This indicates that ORCX's price experiences larger fluctuations and is considered to be riskier than AIPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ORCX	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.07%	14.51%	+20.56%
Volatility (6M) Calculated over the trailing 6-month period	87.51%	29.84%	+57.67%
Volatility (1Y) Calculated over the trailing 1-year period	132.52%	37.46%	+95.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.51%	37.20%	+84.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.51%	37.20%	+84.31%

ORCX vs. AIPO - Expense Ratio Comparison

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

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%.

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

Frequently Asked Questions

Can I hold both ORCX and AIPO in my portfolio?

ORCX and AIPO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ORCX or AIPO?

ORCX has higher volatility (35.07%) compared to AIPO (14.51%). In terms of maximum drawdown, ORCX dropped -91.72% vs AIPO's -24.36%.

Which ETF is better, ORCX or AIPO?

On 1-year performance, AIPO leads with 42.03% vs -82.98% for ORCX. On fees, AIPO is cheaper at 0.69% per year. On volatility, AIPO has been the lower-risk option at 14.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ORCX or AIPO?

Over the 1-year period, AIPO has performed better with a 42.03% return vs -82.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ORCX or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 1.29% for ORCX.

Which ETF pays a higher dividend yield, ORCX or AIPO?

AIPO has the higher dividend yield at 0.01%, compared with 0.00% for ORCX.

What is the main difference between ORCX and AIPO?

ORCX is categorized as Leveraged Equities, while AIPO is Artificial Intelligence. Their fees differ too: 1.29% for ORCX and 0.69% for AIPO.

Which has better risk-adjusted returns?

AIPO currently has the higher Sharpe Ratio (1.05 vs -0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.