{
 "ticker": "ORCZ",
 "name": "Tradr 2X Short ORCL Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/ORCZ",
 "html": "https://etfiq.com/funds/ORCZ",
 "markdown": "https://etfiq.com/funds/ORCZ.md",
 "as_of": "2026-09-11",
 "verdict": "One month to Sep 11, 2026: ORCZ returned \u22121.9% where its own daily promise gave \u22121.5%, 0.4 points short.",
 "key_facts": [
  {
   "key": "what_orcl_did",
   "label": "What ORCL did",
   "value": "\u22122.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ORCZ, what ORCL did: \u22122.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "\u22121.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ORCZ, what \u22122 times a day gives: \u22121.5%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22121.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ORCZ, what the fund returned: \u22121.9%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22120.4 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ORCZ, the fund itself cost: \u22120.4 pts, as of Sep 11, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jun 23, 2026",
   "as_of": "2026-09-11",
   "sentence": "ORCZ, expense ratio: 1.49% (485BPOS XBRL, Jun 23, 2026)."
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "ORCL",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ORCZ, underlying: ORCL, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-2 times the daily move of ORCL, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "ORCL moved \u22122.0% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "ORCL",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jun 23, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 15, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "47% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22121.9%",
   "ORCL": "\u22122.0%",
   "-2x the move": "+3.9%",
   "Difference": "\u22125.8 pts",
   "ORCL moved about": "47%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221233.9%",
   "ORCL": "+13.4%",
   "-2x the move": "\u221226.9%",
   "Difference": "\u22127.1 pts",
   "ORCL moved about": "58%"
  }
 ],
 "questions": [
  {
   "q": "Did ORCZ return -2 times ORCL?",
   "a": "Over the window to Sep 11, 2026, ORCL moved \u22122.0% and ORCZ returned \u22121.9%. 2 times that move is +3.9%, so the fund came out 5.8 points short of it."
  },
  {
   "q": "Why does ORCZ not return -2 times over a year?",
   "a": "Because it resets daily. ORCZ aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}