ORCX vs. JEDI

Last updated Jul 14, 2026

ORCX (Defiance Daily Target 2X Long ORCL ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - ORCX is a Leveraged Equities fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. ORCX is actively managed, while JEDI is passively managed. At a 0.45 correlation, their price movements are largely independent. ORCX charges 1.29%/yr vs 0.69%/yr for JEDI.

Performance

ORCX vs. JEDI - 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 Drone and Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORCX achieves a -63.98% return, which is significantly lower than JEDI's 1.27% return.

ORCX

• 1D: -12.71%
• 1M: -50.11%
• 6M: -67.23%
• YTD: -63.98%
• 1Y: -79.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -3.83%
• 1M: -22.66%
• 6M: -16.39%
• YTD: 1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORCX vs. JEDI - Yearly Performance Comparison

	2026 (YTD)	2025
ORCX Defiance Daily Target 2X Long ORCL ETF	-63.98%	-59.82%
JEDI Defiance Drone and Modern Warfare ETF	1.27%	-3.42%

Correlation

The correlation between ORCX and JEDI is 0.45, 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 Sep 26, 2025	0.45

Return for Risk

ORCX vs. JEDI — Risk / Return Rank

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

ORCX

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

JEDI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. JEDI - 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 Drone and Modern Warfare ETF (JEDI). 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	JEDI	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	—	—
Sortino ratio: Return per unit of downside risk	-1.06	—	—
Omega ratio: Gain probability vs. loss probability	0.88	—	—
Calmar ratio: Return relative to maximum drawdown	-0.90	—	—
Martin ratio: Return relative to average drawdown	-1.27	—	—

Drawdowns

ORCX vs. JEDI - Drawdown Comparison

The maximum ORCX drawdown since its inception was -88.90%, which is greater than JEDI's maximum drawdown of -42.06%. Use the drawdown chart below to compare losses from any high point for ORCX and JEDI.

Drawdown Indicators

	ORCX	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-88.90%	-42.06%	-46.84%
Max Drawdown (1Y) Largest decline over 1 year	-88.90%	—	—
Current Drawdown Current decline from peak	-88.90%	-42.06%	-46.84%
Average Drawdown Average peak-to-trough decline	-46.92%	-11.87%	-35.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	63.09%	—	—

Volatility

Volatility by Period

	ORCX	JEDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	85.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	129.86%	52.15%	+77.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.20%	52.15%	+69.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.20%	52.15%	+69.05%

ORCX vs. JEDI - Expense Ratio Comparison

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

Dividends

ORCX vs. JEDI - Dividend Comparison

Neither ORCX nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ORCX and JEDI in my portfolio?

ORCX and JEDI have a correlation of 0.45, 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 JEDI?

On fees, JEDI 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 JEDI?

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

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

ORCX and JEDI have nearly identical dividend yields, around 0.00%.

What is the main difference between ORCX and JEDI?

ORCX is categorized as Leveraged Equities, while JEDI is Aerospace & Defense. Their fees differ too: 1.29% for ORCX and 0.69% for JEDI.