VIA vs. ORCX

Last updated Jun 23, 2026

VIA (Via Renewables, Inc.) is a stock, while ORCX (Defiance Daily Target 2X Long ORCL ETF) is Leveraged Equities fund actively managed by Defiance. At a 0.33 correlation, their price movements are largely independent.

Performance

VIA vs. ORCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Via Renewables, Inc. (VIA) and Defiance Daily Target 2X Long ORCL ETF (ORCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIA achieves a -48.50% return, which is significantly lower than ORCX's -35.04% return.

VIA

• 1D: -2.29%
• 1M: -0.20%
• YTD: -48.50%
• 6M: -54.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORCX

• 1D: -9.66%
• 1M: -21.80%
• YTD: -35.04%
• 6M: -37.50%
• 1Y: -55.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VIA vs. ORCX - Yearly Performance Comparison

	2026 (YTD)	2025
VIA Via Renewables, Inc.	-48.50%	-34.07%
ORCX Defiance Daily Target 2X Long ORCL ETF	-35.04%	-64.79%

Correlation

The correlation between VIA and ORCX is 0.33, 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 12, 2025	0.33

Return for Risk

VIA vs. ORCX — Risk / Return Rank

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

VIA

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

ORCX

ORCX Risk / Return Rank: 5
ORCX Sharpe Ratio Rank: 5
ORCX Sortino Ratio Rank: 7
ORCX Omega Ratio Rank: 7
ORCX Calmar Ratio Rank: 3
ORCX Martin Ratio Rank: 5

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.

VIA vs. ORCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Via Renewables, Inc. (VIA) and Defiance Daily Target 2X Long ORCL ETF (ORCX). 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.

	VIA	ORCX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.43	—
Sortino ratio: Return per unit of downside risk	—	-0.07	—
Omega ratio: Gain probability vs. loss probability	—	0.99	—
Calmar ratio: Return relative to maximum drawdown	—	-0.64	—
Martin ratio: Return relative to average drawdown	—	-0.92	—

Drawdowns

VIA vs. ORCX - Drawdown Comparison

The maximum VIA drawdown since its inception was -75.32%, smaller than the maximum ORCX drawdown of -85.98%. Use the drawdown chart below to compare losses from any high point for VIA and ORCX.

Drawdown Indicators

	VIA	ORCX	Difference
Max Drawdown Largest peak-to-trough decline	-75.32%	-85.98%	+10.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-85.98%	—
Current Drawdown Current decline from peak	-72.30%	-79.98%	+7.68%
Average Drawdown Average peak-to-trough decline	-48.09%	-45.31%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	59.73%	—

Volatility

Volatility by Period

	VIA	ORCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	48.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	83.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	72.28%	128.94%	-56.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.28%	121.91%	-49.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.28%	121.91%	-49.63%

Dividends

VIA vs. ORCX - Dividend Comparison

Neither VIA nor ORCX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VIA and ORCX in my portfolio?

VIA and ORCX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.