ORCX vs. USD

Last updated Jun 3, 2026

ORCX (Defiance Daily Target 2X Long ORCL ETF) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds. ORCX is actively managed, while USD is passively managed. Over the past year, ORCX returned 33.67% vs 300.04% for USD. A 0.52 correlation means they provide meaningful diversification when combined. ORCX charges 1.29%/yr vs 0.95%/yr for USD.

Performance

ORCX vs. USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long ORCL ETF (ORCX) and ProShares Ultra Semiconductors (USD). 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 USD's 116.46% return.

ORCX

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

USD

• 1D: 4.76%
• 1M: 45.27%
• YTD: 116.46%
• 6M: 113.25%
• 1Y: 300.04%
• 3Y*: 128.54%
• 5Y*: 71.52%
• 10Y*: 62.35%

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

ORCX vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025
ORCX Defiance Daily Target 2X Long ORCL ETF	31.34%	-16.20%
USD ProShares Ultra Semiconductors	116.46%	76.65%

Correlation

The correlation between ORCX and USD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025	0.52

The correlation between ORCX and USD has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

ORCX vs. USD - Sectors Allocation Comparison

Sectors	ORCX	USD
Technology	100.0%	27.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Financial Services	-	27.8%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ORCX vs. USD — 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

USD

USD Risk / Return Rank: 92
USD Sharpe Ratio Rank: 97
USD Sortino Ratio Rank: 87
USD Omega Ratio Rank: 86
USD Calmar Ratio Rank: 96
USD Martin Ratio Rank: 95

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. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ORCL ETF (ORCX) and ProShares Ultra Semiconductors (USD). 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	USD	Difference
Sharpe ratio Return per unit of total volatility	0.27	4.94	-4.67
Sortino ratio Return per unit of downside risk	1.46	3.98	-2.52
Omega ratio Gain probability vs. loss probability	1.17	1.54	-0.37
Calmar ratio Return relative to maximum drawdown	0.42	9.93	-9.51
Martin ratio Return relative to average drawdown	0.62	28.78	-28.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ORCX vs. USD - Sharpe Ratio Comparison

The current ORCX Sharpe Ratio is 0.27, which is lower than the USD Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of ORCX and USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ORCX	USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	4.94	-4.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.49	-0.43

Drawdowns

ORCX vs. USD - Drawdown Comparison

The maximum ORCX drawdown since its inception was -85.98%, roughly equal to the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for ORCX and USD.

Drawdown Indicators

	ORCX	USD	Difference
Max Drawdown Largest peak-to-trough decline	-85.98%	-88.63%	+2.65%
Max Drawdown (1Y) Largest decline over 1 year	-85.98%	-31.80%	-54.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-64.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.85%	—
Current Drawdown Current decline from peak	-59.52%	0.00%	-59.52%
Average Drawdown Average peak-to-trough decline	-44.34%	-32.36%	-11.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.35%	10.97%	+46.38%

Volatility

ORCX vs. USD - Volatility Comparison

Defiance Daily Target 2X Long ORCL ETF (ORCX) has a higher volatility of 34.29% compared to ProShares Ultra Semiconductors (USD) at 20.29%. This indicates that ORCX's price experiences larger fluctuations and is considered to be riskier than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ORCX	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.29%	20.29%	+14.00%
Volatility (6M) Calculated over the trailing 6-month period	81.33%	46.37%	+34.96%
Volatility (1Y) Calculated over the trailing 1-year period	127.43%	61.29%	+66.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.74%	76.56%	+44.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.74%	69.24%	+51.50%

ORCX vs. USD - Expense Ratio Comparison

ORCX has a 1.29% expense ratio, which is higher than USD's 0.95% expense ratio.

Dividends

ORCX vs. USD - Dividend Comparison

ORCX has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ORCX Defiance Daily Target 2X Long ORCL ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USD ProShares Ultra Semiconductors	0.21%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both ORCX and USD in my portfolio?

ORCX and USD 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 is riskier, ORCX or USD?

ORCX has higher volatility (34.29%) compared to USD (20.29%). In terms of maximum drawdown, ORCX dropped -85.98% vs USD's -88.63%.

Which ETF is better, ORCX or USD?

On 1-year performance, USD leads with 300.04% vs 33.67% for ORCX. On fees, USD is cheaper at 0.95% per year. On volatility, USD has been the lower-risk option at 20.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ORCX or USD?

Over the 1-year period, USD has performed better with a 300.04% return vs 33.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ORCX or USD?

USD is cheaper with a 0.95% expense ratio, compared with 1.29% for ORCX.

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

USD has the higher dividend yield at 0.21%, compared with 0.00% for ORCX.

What is the main difference between ORCX and USD?

They also come from different issuers: Defiance and ProShares. Their fees differ too: 1.29% for ORCX and 0.95% for USD.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (4.94 vs 0.27), 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.