Defiance Daily Target 2X Long ORCL ETF (ORCX) Performance
ORCX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −70.8% since Dec 31, 2025
- 1 year
- −87.0% total return
- Since first price
- −75.5% since 2025
ORCX trailing returns vs SPY, QQQ, AGG
| Period | ORCX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −26.3% | −26.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.7% | −0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −59.5% | −59.5% | +7.8% | +8.4% | −1.5% |
| YTD | −70.8% | −70.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −87.0% | −87.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionFeb 7, 2025 | −75.5% | −75.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ORCX vs SPY
From Feb 7, 2025: ORCX grew to $2,448, SPY to $12,898.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ORCX returns by calendar year
2026 is year to date.
ORCX annual returns table
| Year | ORCX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −70.8% | −80.1% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ORCX largest drawdowns
Now 91.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 10, 2025 | −91.7% | Jul 24, 2026 | not yet | 10 months | 1.1 years so far |
| Feb 19, 2025 | −57.4% | Apr 21, 2025 | Jun 12, 2025 | 2 months | 4 months |
| Aug 6, 2025 | −26.0% | Sep 4, 2025 | Sep 10, 2025 | 29 days | 35 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ORCX risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −49.9% |
| Volatility (annualized) | 134.2% |
| Sharpe ratio | 0.08 |
| Sortino ratio | 0.14 |
| Best month | +88.1% |
| Worst month | −60.3% |
| Best 12 months | +16.9% |
| Worst 12 months | −84.6% |
| Positive months | 37% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ORCX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 9 | −85.0% | −72.4% | +16.9% | 11% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
ORCX performance overview
Defiance Daily Target 2X Long ORCL ETF (ORCX) returned −87.0% over the past year, with distributions reinvested. Since its first recorded price on Feb 7, 2025 it has returned −75.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −91.7%, from Sep 10, 2025 to Jul 24, 2026; the fund has not yet regained that high. Volatility has been 134.2% a year.
Related: ORCX chart. See the ORCX overview for the latest quote and fund facts.
ORCX performance FAQ
What is the ORCX return over the past year?
ORCX returned −87.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 87.0%.
How much would $10,000 invested in ORCX be worth?
$10,000 invested in ORCX at its first recorded close on February 7, 2025 would be worth about $2,448 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of ORCX?
The largest peak-to-trough decline was −91.7% between September 10, 2025 and July 24, 2026. It has not yet recovered to that high; it is 91.0% below its peak.
How volatile is ORCX?
Over the past history ORCX had an annualized volatility of 134.2% and a Sharpe ratio of 0.08 (excess return over 1–3 month T-bills per unit of risk).