ORCX vs. GEMG
ORCX (Defiance Daily Target 2X Long ORCL ETF) and GEMG (Leverage Shares 2X Long GEMI Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. ORCX charges 1.29%/yr vs 0.75%/yr for GEMG.
Performance
ORCX vs. GEMG - Performance Comparison
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Returns By Period
In the year-to-date period, ORCX achieves a -42.52% return, which is significantly higher than GEMG's -89.02% return.
ORCX
- 1D
- -11.52%
- 1M
- -30.81%
- YTD
- -42.52%
- 6M
- -42.95%
- 1Y
- -60.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEMG
- 1D
- -6.14%
- 1M
- -33.52%
- YTD
- -89.02%
- 6M
- -91.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ORCX vs. GEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORCX Defiance Daily Target 2X Long ORCL ETF | -42.52% | -42.47% |
GEMG Leverage Shares 2X Long GEMI Daily ETF | -89.02% | -71.91% |
Correlation
The correlation between ORCX and GEMG is 0.44, 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 Nov 5, 2025 | 0.44 |
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Return for Risk
ORCX vs. GEMG — Risk / Return Rank
ORCX
GEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ORCX vs. GEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ORCL ETF (ORCX) and Leverage Shares 2X Long GEMI Daily ETF (GEMG). 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 | GEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.97 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | — | — |
| Martin ratioReturn relative to average drawdown | -1.01 | — | — |
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Drawdowns
ORCX vs. GEMG - Drawdown Comparison
The maximum ORCX drawdown since its inception was -85.98%, smaller than the maximum GEMG drawdown of -97.26%. Use the drawdown chart below to compare losses from any high point for ORCX and GEMG.
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Drawdown Indicators
| ORCX | GEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.98% | -97.26% | +11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -85.98% | — | — |
Current DrawdownCurrent decline from peak | -82.28% | -97.10% | +14.82% |
Average DrawdownAverage peak-to-trough decline | -45.42% | -81.17% | +35.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.96% | — | — |
Volatility
ORCX vs. GEMG - Volatility Comparison
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Volatility by Period
| ORCX | GEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 49.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 84.44% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 129.20% | 219.33% | -90.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.13% | 219.33% | -97.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 122.13% | 219.33% | -97.20% |
ORCX vs. GEMG - Expense Ratio Comparison
ORCX has a 1.29% expense ratio, which is higher than GEMG's 0.75% expense ratio.
Dividends
ORCX vs. GEMG - Dividend Comparison
Neither ORCX nor GEMG has paid dividends to shareholders.
Frequently Asked Questions
ORCX and GEMG 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.
On fees, GEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEMG is cheaper with a 0.75% expense ratio, compared with 1.29% for ORCX.
ORCX and GEMG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for ORCX and 0.75% for GEMG.
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