# ORCZ (Tradr 2X Short ORCL Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 30, 2026

One month to Sep 30, 2026: ORCZ returned +11.3% where its own daily promise gave +10.2%, 1.1 points over.

## Key facts

- ORCZ, what ORCL did: −7.9%, as of Sep 30, 2026.
- ORCZ, what −2 times a day gives: +10.2%, as of Sep 30, 2026.
- ORCZ, what the fund returned: +11.3%, as of Sep 30, 2026.
- ORCZ, the fund itself added: +1.1 pts, as of Sep 30, 2026.
- ORCZ, net assets: $3m (the issuer’s own daily fund list, as of Sep 30, 2026).
- ORCZ, expense ratio: 1.49% (485BPOS XBRL, Jun 23, 2026).

## ORCZ over each window to Sep 30, 2026

| Window | Fund | ORCL | -2x the move | Difference | ORCL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +11.3% | −7.9% | +15.9% | −4.6 pts | 52% |
| Since launch | −23.3% | +3.6% | −7.3% | −16.0 pts | 55% |

## 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 | -1.42 times, against -2 stated | ETFIQ |
| Underlying | ORCL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jun 23, 2026 |
| Launched | Jul 15, 2026 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did ORCZ return -2 times ORCL?

Over the window to Sep 30, 2026, ORCL moved −7.9% and ORCZ returned +11.3%. −2 times that move is +15.9%, so the fund came out 4.6 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 30, 2026. https://etfiq.com/funds/orcz
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/orcz  ·  JSON: https://etfiq.com/funds/orcz.json