# ORCZ (Tradr 2X Short ORCL Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 11, 2026

One month to Sep 11, 2026: ORCZ returned −1.9% where its own daily promise gave −1.5%, 0.4 points short.

## Key facts

- ORCZ, what ORCL did: −2.0%, as of Sep 11, 2026.
- ORCZ, what −2 times a day gives: −1.5%, as of Sep 11, 2026.
- ORCZ, what the fund returned: −1.9%, as of Sep 11, 2026.
- ORCZ, the fund itself cost: −0.4 pts, as of Sep 11, 2026.
- ORCZ, expense ratio: 1.49% (485BPOS XBRL, Jun 23, 2026).
- ORCZ, underlying: ORCL, as of Sep 11, 2026.

## ORCZ over each window to Sep 11, 2026

| Window | Fund | ORCL | -2x the move | Difference | ORCL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −1.9% | −2.0% | +3.9% | −5.8 pts | 47% |
| Since launch | −33.9% | +13.4% | −26.9% | −7.1 pts | 58% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of ORCL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | ORCL moved −2.0% over this window, too little to read a multiple from | ETFIQ |
| Underlying | ORCL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 1.49% | 485BPOS XBRL, Jun 23, 2026 |
| Launched | Jul 15, 2026 | ETFIQ |
| Underlying volatility over the window | 47% annualized | ETFIQ |

## Questions

### Did ORCZ return -2 times ORCL?

Over the window to Sep 11, 2026, ORCL moved −2.0% and ORCZ returned −1.9%. 2 times that move is +3.9%, so the fund came out 5.8 points short of it.

### Why does ORCZ not return -2 times over a year?

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.


## Cite this page

ETFIQ, ORCZ, data as of Sep 11, 2026. https://etfiq.com/funds/ORCZ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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