ORCX vs. AIPO

Last updated Jun 3, 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 Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. ORCX is actively managed, while AIPO is passively managed. At a 0.43 correlation, their price movements are largely independent. 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 31.34% return, which is significantly lower than AIPO's 52.03% return.

ORCX

• 1D: -2.86%
• 1M: 93.58%
• YTD: 31.34%
• 6M: 18.48%
• 1Y: 33.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -1.12%
• 1M: 6.63%
• YTD: 52.03%
• 6M: 45.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORCX vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
ORCX Defiance Daily Target 2X Long ORCL ETF	31.34%	-50.26%
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%

Correlation

The correlation between ORCX and AIPO is 0.43, 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 Jul 28, 2025	0.43

ORCX vs. AIPO - Sectors Allocation Comparison

Sectors	ORCX	AIPO
Technology	100.0%	16.5%
Basic Materials	-	-
Communication Services	-	0.5%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	6.9%
Financial Services	-	3.6%
Healthcare	-	-
Industrials	-	57.1%
Real Estate	-	1.0%
Utilities	-	14.4%

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: 18
ORCX Sharpe Ratio Rank: 13
ORCX Sortino Ratio Rank: 27
ORCX Omega Ratio Rank: 25
ORCX Calmar Ratio Rank: 13
ORCX Martin Ratio Rank: 11

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	0.27	—	—
Sortino ratio Return per unit of downside risk	1.46	—	—
Omega ratio Gain probability vs. loss probability	1.17	—	—
Calmar ratio Return relative to maximum drawdown	0.42	—	—
Martin ratio Return relative to average drawdown	0.62	—	—
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	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	2.36	-2.29

Drawdowns

ORCX vs. AIPO - Drawdown Comparison

The maximum ORCX drawdown since its inception was -85.98%, 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	-85.98%	-17.31%	-68.67%
Max Drawdown (1Y) Largest decline over 1 year	-85.98%	—	—
Current Drawdown Current decline from peak	-59.52%	-1.12%	-58.40%
Average Drawdown Average peak-to-trough decline	-44.34%	-4.38%	-39.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.35%	—	—

Volatility

Volatility by Period

	ORCX	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	81.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	127.43%	34.09%	+93.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.74%	34.09%	+86.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.74%	34.09%	+86.65%

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 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ORCX or AIPO?

On fees, AIPO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 Technology Equities. Their fees differ too: 1.29% for ORCX and 0.69% for AIPO.