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Launched · SEC filings

Daily Target 2X Long ORCL ETF

ORCXNasdaqCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$19.85+1.55 (+8.47%)

At close: Oct 13, 2026, 4:00 PM

C46/ 100

Rank 101 of 380 in Single-Stock Long Leveraged

C46/100Rank 101 of 380inSingle-Stock Long Leveraged
Intraday session: up, 79 prints from 18.30 to 19.85. Range 18.00 to 20.08. Use the arrow keys to read each point.18.0019.0019.5010 AM12 PM2 PM4 PM
Expense ratio
1.31%
Fund size
$227M
1Y total return
−85.8%
Yield · Last 12 months
—
Holdings
9
Avg volume · 30D
2.9M sh
NAV per share
$19.42
52W range
low $13.71high $154.95
Launched
Filings
SEC EDGAR

The ETF.net ORCX Grade

Based on 5 of 6 pillars

C

Score 46 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
101 of 380
Six-pillar profile for ORCX. Scores out of 100: Cost 27, Risk 30, Mission 97, Tradability 88, Holdings not scored, Durability 81. Strongest: Mission (97). Weakest: Cost (27). Based on 5 of 6 pillars.

Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D27 out of 100
    Rank 265 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 20 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 284 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A88 out of 100
    Rank 25 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A81 out of 100
    Rank 15 of 380

Our read on ORCX

ETF.net Research

COracle's daily move, doubled. ORCX is one of only two US ETFs built to deliver 2x ORCL for a single day, and it has stayed close to that target. It is the pricier of the pair.

Stated mandate

The Fund seeks daily leveraged investment results equal to two times the daily percentage change in Oracle Corporation's share price.

Why people hold it

  1. 01Does exactly what the label says: it aims for two times Oracle's daily percentage move, and it has hit that daily target closely since launch.defianceetfs.com
  2. 02Actively traded for a single-stock leveraged fund, which is what matters most in a product you may hold for a day or two.
  3. 03A registered 1940 Act fund, not an ETN, so you get the standard fund wrapper rather than an issuer's credit promise.defianceetfs.com

Worth knowing

  1. 01At 1.36%, it costs more than the other 2x Oracle fund, ORCU, at 0.99%. Same reference stock, same multiple, different sticker.
  2. 02The 2x target resets daily. Hold longer than a day and compounding means your return can drift well away from 2x Oracle's move over that stretch, especially in choppy markets.
  3. 03One stock, amplified: every Oracle earnings gap or cloud-spending headline lands twice as hard, with no diversification to soften it. The fund launched in 2025, so its record is short.

ORCX Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
9
Top-10 weight
286%
Largest holding
United States Treasury Bill 11/19/202679.2%

Sectors

  • Technology100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202679.19%170,000,000$169M56
002—Oracle Corp Swap Ms-L39.84%620,000$85M1
003—Oracle Corp Swap Cf-L31.35%487,857$67M1
004—Orcl Nomura30.12%468,643$64M1
005—Oracle Corp Swap Marex-L29.88%465,011$64M1
006—Oracle Corp Swap Cs29.65%461,388$63M1
007—Oracle Corp Swap Nbc-L27.27%424,441$58M1
008—Oracle Corp Swap Bmo11.93%185,686$26M1
009—First American Government Obligations Fund 12/01/20316.38%13,651,212$14M529

Showing 1–9 of 9 holdings

ORCX Performance

Launched Feb 6, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
ORCX$1,419
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. ORCX $1,419. SPY $12,044. Use the arrow keys to read each point.$198$6,568$12,938Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ORCX. Periods over one year show the average yearly return.
PeriodORCX
Year to date−64.6%
1 month−18.2%
3 months−14.2%
1 year−85.8%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ORCX
YearReturn barORCX
2026 YTD−64.6%
2025−16.2%

History from Feb 7, 2025

ORCX in the news

Filtered to ORCX · Single-Stock Long Leveraged

ORCX Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

ORCX Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
134.2%
Annualised · 19 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.08
vs 3-month T-bills · 19 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−91.7%
20 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
6.17
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ORCX Cost

Expense ratio1.31%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

245 of the 333 Single-Stock Long Leveraged funds charge less.

ORCX costs $131.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

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