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Launched · SEC filings

Daily Target 2X Long ORCL ETF

ORCXNasdaqDefianceCThis 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.

$12.91−0.15 (−1.19%)

As of Nov 10, 2026, 11:20 AM ET

C45/ 100

Rank 110 of 367 in Single-Stock Long Leveraged

C45/100Rank 110 of 367inSingle-Stock Long Leveraged
Intraday session: down, 23 prints from 13.07 to 12.91. Range 12.56 to 13.10. Use the arrow keys to read each point.12.6012.7012.8013.0010 AM12 PM2 PM4 PM
Expense ratio
1.31%
Fund size
$143M
1Y total return
−84.3%
Yield · Last 12 months
No data
Holdings
9
Avg volume · 30D
2.81M sh
52W range
low $10.88high $88.65
Launched
Filings
SEC EDGAR

The ETF.net ORCX Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
110 of 367
Six-pillar profile for ORCX. Scores out of 100: Cost 26, Risk 42, Mission 98, Tradability 76, Holdings not scored, Durability 81. Strongest: Mission (98). Weakest: Cost (26). Based on 5 of 6 pillars.

Score 45 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.
    D26 out of 100
    Rank 259 of 367

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A98 out of 100
    Rank 14 of 143

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C42 out of 100
    Rank 213 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A76 out of 100
    Rank 56 of 367

  • 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 367

Our read on ORCX

ETF.net Research

In short

CThe first 2x ETF on Oracle, live since February 2025. It targets twice ORCL's daily move for 1.31%, pricier than most single-stock leverage, in a fund you can trade without a margin account.

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

  • Two times Oracle's daily move, reset each day, inside an ordinary brokerage account. No margin agreement, no options chain, no share borrow to arrange.nasdaq.com
  • The daily math lands close to its stated 2x target, and the fund trades actively, so getting in and out is rarely the hard part.
  • First mover on leveraged Oracle (February 2025) and still in the upper half of a very crowded single-stock leverage field.nasdaq.com

Worth knowing

  • At 1.31% it sits above the category median, and ORCU runs the same 2x ORCL mandate at 0.97% net of a waiver through September 1, 2027.
  • The 2x target resets daily, so over longer stretches the result follows ORCL's path, not its start and end points. Choppy tape erodes value. This is a trading tool.
  • One company, doubled. An Oracle earnings night or cloud-contract headline hits here twice as hard, with no other holdings to cushion it.

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$1,570
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. ORCX $1,570. SPY $11,339. Use the arrow keys to read each point.$5,000$10,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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−74.7%
1 month−32.8%
3 months−41.0%
1 year−84.3%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−74.7%
2025−16.2%

History from Feb 7, 2025

ORCX in the news

ORCX Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

ORCX Risk

Risk pillarC42 out of 100Rank 213 of 363 in Single-Stock Long Leveraged

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.
131.1%
Annualised · 20 months to Oct 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.
0.01
vs 3-month T-bills · 20 months to Oct 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.
−92.8%
21 months · trough Nov 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.

FMP measures it over up to five years of monthly returns.

ORCX Cost

Compare ORCX and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$19,364

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ORCX 1.31%

    $23,519

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • ORCX 1.31%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530ORCX $23,519GOGL $4,155

Year by year

YearORCXGOGLOverpaying
10$2,280$365$1,915
20$8,450$1,421$7,029
30$23,519$4,155$19,364

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