ORCX vs. XMAG

Last updated Jun 4, 2026

ORCX (Defiance Daily Target 2X Long ORCL ETF) and XMAG (Defiance Large Cap ex-Mag 7 ETF) are both exchange-traded funds - ORCX is a Leveraged Equities fund actively managed by Defiance, while XMAG is a Large Cap Blend Equities fund tracking the BITA US 500 ex Magnificent 7 Index. ORCX is actively managed, while XMAG is passively managed. Over the past year, ORCX returned 15.78% vs 24.62% for XMAG. At a 0.42 correlation, their price movements are largely independent. ORCX charges 1.29%/yr vs 0.35%/yr for XMAG.

Performance

ORCX vs. XMAG - 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 Large Cap ex-Mag 7 ETF (XMAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORCX achieves a 16.25% return, which is significantly higher than XMAG's 12.73% return.

ORCX

• 1D: -11.49%
• 1M: 55.88%
• YTD: 16.25%
• 6M: -1.67%
• 1Y: 15.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMAG

• 1D: 0.01%
• 1M: 6.69%
• YTD: 12.73%
• 6M: 13.28%
• 1Y: 24.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORCX vs. XMAG - Yearly Performance Comparison

	2026 (YTD)	2025
ORCX Defiance Daily Target 2X Long ORCL ETF	16.25%	-16.20%
XMAG Defiance Large Cap ex-Mag 7 ETF	12.73%	9.81%

Correlation

The correlation between ORCX and XMAG is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025	0.42

The correlation between ORCX and XMAG shifts across timeframes, from 0.29 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

ORCX vs. XMAG - Sectors Allocation Comparison

Sectors	ORCX	XMAG
Technology	100.0%	25.3%
Basic Materials	-	2.5%
Communication Services	-	3.9%
Consumer Cyclical	-	6.2%
Consumer Defensive	-	7.3%
Energy	-	5.5%
Financial Services	-	17.3%
Healthcare	-	13.0%
Industrials	-	12.6%
Real Estate	-	2.9%
Utilities	-	3.4%

Return for Risk

ORCX vs. XMAG — Risk / Return Rank

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

ORCX

ORCX Risk / Return Rank: 15
ORCX Sharpe Ratio Rank: 10
ORCX Sortino Ratio Rank: 23
ORCX Omega Ratio Rank: 21
ORCX Calmar Ratio Rank: 11
ORCX Martin Ratio Rank: 10

XMAG

XMAG Risk / Return Rank: 68
XMAG Sharpe Ratio Rank: 66
XMAG Sortino Ratio Rank: 69
XMAG Omega Ratio Rank: 63
XMAG Calmar Ratio Rank: 67
XMAG Martin Ratio Rank: 77

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. XMAG - 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 Large Cap ex-Mag 7 ETF (XMAG). 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	XMAG	Difference
Sharpe ratio Return per unit of total volatility	0.12	2.23	-2.11
Sortino ratio Return per unit of downside risk	1.25	3.21	-1.97
Omega ratio Gain probability vs. loss probability	1.14	1.39	-0.25
Calmar ratio Return relative to maximum drawdown	0.18	3.39	-3.21
Martin ratio Return relative to average drawdown	0.28	15.15	-14.88
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. XMAG - Sharpe Ratio Comparison

The current ORCX Sharpe Ratio is 0.12, which is lower than the XMAG Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of ORCX and XMAG, 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	XMAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	2.23	-2.11
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	1.11	-1.13

Drawdowns

ORCX vs. XMAG - Drawdown Comparison

The maximum ORCX drawdown since its inception was -85.98%, which is greater than XMAG's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for ORCX and XMAG.

Drawdown Indicators

	ORCX	XMAG	Difference
Max Drawdown Largest peak-to-trough decline	-85.98%	-16.17%	-69.81%
Max Drawdown (1Y) Largest decline over 1 year	-85.98%	-7.29%	-78.69%
Current Drawdown Current decline from peak	-64.17%	0.00%	-64.17%
Average Drawdown Average peak-to-trough decline	-44.40%	-2.13%	-42.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.49%	1.63%	+55.86%

Volatility

ORCX vs. XMAG - Volatility Comparison

Defiance Daily Target 2X Long ORCL ETF (ORCX) has a higher volatility of 36.85% compared to Defiance Large Cap ex-Mag 7 ETF (XMAG) at 2.87%. This indicates that ORCX's price experiences larger fluctuations and is considered to be riskier than XMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ORCX	XMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.85%	2.87%	+33.98%
Volatility (6M) Calculated over the trailing 6-month period	82.26%	8.65%	+73.61%
Volatility (1Y) Calculated over the trailing 1-year period	127.97%	11.10%	+116.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.00%	15.12%	+105.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.00%	15.12%	+105.88%

ORCX vs. XMAG - Expense Ratio Comparison

ORCX has a 1.29% expense ratio, which is higher than XMAG's 0.35% expense ratio.

Dividends

ORCX vs. XMAG - Dividend Comparison

ORCX has not paid dividends to shareholders, while XMAG's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024
ORCX Defiance Daily Target 2X Long ORCL ETF	0.00%	0.00%	0.00%
XMAG Defiance Large Cap ex-Mag 7 ETF	0.46%	0.51%	0.24%

Frequently Asked Questions

Can I hold both ORCX and XMAG in my portfolio?

ORCX and XMAG have a correlation of 0.29, 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 XMAG?

ORCX has higher volatility (36.85%) compared to XMAG (2.87%). In terms of maximum drawdown, ORCX dropped -85.98% vs XMAG's -16.17%.

Which ETF is better, ORCX or XMAG?

On 1-year performance, XMAG leads with 24.62% vs 15.78% for ORCX. On fees, XMAG is cheaper at 0.35% per year. On volatility, XMAG has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ORCX or XMAG?

Over the 1-year period, XMAG has performed better with a 24.62% return vs 15.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ORCX or XMAG?

XMAG is cheaper with a 0.35% expense ratio, compared with 1.29% for ORCX.

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

XMAG has the higher dividend yield at 0.46%, compared with 0.00% for ORCX.

What is the main difference between ORCX and XMAG?

ORCX is categorized as Leveraged Equities, while XMAG is Large Cap Blend Equities. Their fees differ too: 1.29% for ORCX and 0.35% for XMAG.

Which has better risk-adjusted returns?

XMAG currently has the higher Sharpe Ratio (2.23 vs 0.12), 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.