{"url":"https://etfiq.com/compare/leverage/orcx-vs-orcz","section":"compare","title":"ORCX vs ORCZ: which held to its multiple? | ETFIQ","description":"ORCX sets out to return +2 times ORCL each day and ORCZ -2 times. Over the month to Sep 30, 2026 they finished \u22122.1 pts and \u22124.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, ORCX or ORCZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, ORCX finished 9.7 points from what its multiple implies and ORCZ finished 4.6 points from its own, so ORCZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are ORCX and ORCZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Oracle, ORCX at +2 times and ORCZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, ORCX or ORCZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window ORCX\u2019s moved at 54% annualized and ORCZ\u2019s at 52%, so ORCX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold ORCX or ORCZ for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, ORCX or ORCZ?","acceptedAnswer":{"@type":"Answer","text":"ORCX charges 1.31% a year and ORCZ charges 1.49%, so ORCX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"ORCX vs ORCZ","item":"https://etfiq.com/compare/leverage/orcx-vs-orcz"}]},{"@type":"WebPage","name":"ORCX vs ORCZ: which held to its multiple?","description":"ORCX sets out to return +2 times ORCL each day and ORCZ -2 times. Over the month to Sep 30, 2026 they finished \u22122.1 pts and \u22124.6 pts away.","url":"https://etfiq.com/compare/leverage/orcx-vs-orcz","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, ORCX finished 0.8 points short and ORCZ 1.1 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ORCX and ORCZ","description":"ORCX sets out to return +2 times ORCL each day and ORCZ -2 times. Over the month to Sep 30, 2026 they finished \u22122.1 pts and \u22124.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/orcx-vs-orcz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6509,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / ORCX vs ORCZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n ORCX vs ORCZ: which held to its multiple?\n\n Over a month against its own daily promise, ORCX finished 0.8 points short and ORCZ 1.1 points over.\n Copy this for sharing \n \n Defiance Daily Target 2X Long ORCL ETF and Tradr 2X Short ORCL Daily ETF.\n\n Download as PDF \n\n \u221216.3% ORCX returned, 3 months \n \u221223.3% ORCZ returned, since launch \n \u22129.7 pts ORCX from its stated multiple \n \u221216.0 pts ORCZ from its stated multiple \n\n ORCX 9.7 pts short of its stated multiple \u00b7 3 months t","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/orcx-vs-orcz","a":{"ticker":"ORCX","name":"Defiance Daily Target 2X Long ORCL ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ORCX returned \u221216.3% where its own daily promise gave \u221213.1%, 3.2 points short.","url":"https://etfiq.com/funds/orcx","key_facts":[{"label":"What ORCL did","value":"\u22123.3%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221213.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221216.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$235m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.31%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 28, 2026"}]},"b":{"ticker":"ORCZ","name":"Tradr 2X Short ORCL Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: ORCZ returned +11.3% where its own daily promise gave +10.2%, 1.1 points over.","url":"https://etfiq.com/funds/orcz","key_facts":[{"label":"What ORCL did","value":"\u22127.9%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+10.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+11.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 23, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/orcx-vs-orcz"}