Which came closer to its stated multiple, ORAC or ORCX?

Over the window to Sep 30, 2026, ORAC finished 9.5 points from what its multiple implies and ORCX finished 9.7 points from its own, so ORAC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are ORAC and ORCX levered on the same thing?

Yes. Both are levered on Oracle, ORAC at +2 times and ORCX at +2 times the daily move.

Which one decays faster, ORAC or ORCX?

Decay follows how much the underlying moves about. Over this window ORAC’s moved at 54% annualized and ORCX’s at 54%, so ORAC has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold ORAC or ORCX for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, ORAC or ORCX?

ORAC charges 0.45% a year and ORCX charges 1.31%, so ORAC is cheaper. Fees come from each fund's prospectus.

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ORAC vs ORCX: which held to its multiple?

Over the days both have traded, ORAC finished 9.5 points from its stated multiple and ORCX 9.7. Corgi ORCL 2x Daily ETF and Defiance Daily Target 2X Long ORCL ETF.

−16.1%

ORAC returned, 3 months

−16.3%

ORCX returned, 3 months

−9.5 pts

ORAC from its stated multiple

−9.7 pts

ORCX from its stated multiple

ORAC · 3 months to Sep 30, 20269.5 pts short of its stated multiple

ORAC returned −16.1% while 2 times ORCL's move would have been −6.6%

ORCX · 3 months to Sep 30, 20269.7 pts short of its stated multiple

ORCX returned −16.3% while 2 times ORCL's move would have been −6.6%

ETFIQ Decay Resistance Score · ORAC scores higherDid it keep up with its own daily multiple, compounded day by day?

ORAC 41.3

ORCX 35

0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	ORAC	ORCX	ORAC	ORCX	ORAC	ORCX
1 month	−18.0%	−18.0%	−15.9%	−15.9%	−2.1 pts	−2.1 pts
3 months	−16.1%	−16.3%	−6.6%	−6.6%	−9.5 pts	−9.7 pts
6 months	not published	−29.6%	not published	−9.6%	not published	−20.0 pts
1 year	not published	−84.6%	not published	−101.2%	not published	+16.6 pts
Since launch ORAC Jun 2026 · ORCX Feb 2025	−20.8%	−70.2%	−12.0%	−39.9%	−8.8 pts	−30.4 pts

ORAC and ORCX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ORAC

Corgi ORCL 2x Daily ETF · Aims to return twice the daily move of Oracle (ORCL)

ORCX

Defiance Daily Target 2X Long ORCL ETF · Aims to return twice the daily move of Oracle (ORCL)

Issuer Corgi Defiance

Sets out to return +2x +2x

Underlying asset ORCL ORCL

Segment company company

Fund returned, 3 months or since launch −16.1% −16.3%

Underlying returned, over that window −3.3% −3.3%

What the stated multiple implies, over that window −6.6% −6.6%

Difference from stated, over that window −9.5 pts −9.7 pts

Fund returned, 1 year or since launch −20.8% −84.6%

Difference from stated, over that window −8.8 pts +16.6 pts

Underlying volatility 54% 54%

Difference over the days both have traded −9.5 pts −9.7 pts

Expense ratio 0.45% 1.31%

Launched Jun 30, 2026 Feb 7, 2025

Net assets $782,844 $235m

ORAC and ORCX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ORAC in plain words

Three months to Sep 30, 2026: ORAC returned −16.1% where its own daily promise gave −13.1%, 3.0 points short. Read the multiple against the whole window instead and 2 times ORCL's −3.3% implies −6.6%, which makes ORAC look 9.5 points short. 6.5 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. ORAC aims to return +2 times ORCL's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. ORCL moved at 54% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

ORCX in plain words

Three months to Sep 30, 2026: ORCX returned −16.3% where its own daily promise gave −13.1%, 3.2 points short. Read the multiple against the whole window instead and 2 times ORCL's −3.3% implies −6.6%, which makes ORCX look 9.7 points short. ORCX aims to return +2 times ORCL's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, ORAC or ORCX?: Over the window to Sep 30, 2026, ORAC finished 9.5 points from what its multiple implies and ORCX finished 9.7 points from its own, so ORAC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are ORAC and ORCX levered on the same thing?: Yes. Both are levered on Oracle, ORAC at +2 times and ORCX at +2 times the daily move.
Which one decays faster, ORAC or ORCX?: Decay follows how much the underlying moves about. Over this window ORAC’s moved at 54% annualized and ORCX’s at 54%, so ORAC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold ORAC or ORCX for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, ORAC or ORCX?: ORAC charges 0.45% a year and ORCX charges 1.31%, so ORAC is cheaper. Fees come from each fund's prospectus.

Other comparisons

ORAC vs ORCS ORAC vs ORCU ORAC vs ORCZ ORCX vs ORCZ ORCX vs ORCS ORCX vs ORCU

ORAC on its own →ORCX on its own →How every figure is computed →Standards and sources →

Where these figures came from

ORAC filings on SEC EDGAR ↗ORAC prospectus with the expense ratio (SEC) ↗Corgi website ↗ORCX filings on SEC EDGAR ↗ORCX prospectus with the expense ratio (SEC) ↗Defiance page for ORCX ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, ORAC against ORCX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/orac-vs-orcx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.