Daily Target 2X Long ORCL ETF

Frequently Asked Questions About ORCX

What does ORCX invest in?

The Defiance Daily Target 2X Long ORCL ETF, often referred to simply as "the Fund," aims to deliver daily investment returns that are double (200%) the percentage change observed in Oracle Corporation's (NYSE: ORCL) stock price each trading day. Because its strategy involves seeking these specific daily leveraged results, it fundamentally differs from most conventional exchange-traded funds. Consequently, there is no assurance that the Fund will always achieve its stated daily objective. Investors should also be aware that this ETF is not designed to replicate twice the cumulative return of Oracle over periods lasting longer than a single trading day.

What is the expense ratio of ORCX?

Daily Target 2X Long ORCL ETF (ORCX) charges an expense ratio of 1.29%. This is the annual fee deducted from fund assets to cover management and operations.

Is ORCX a good long-term hold?

ORCX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does ORCX's daily reset work?

ORCX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is ORCX?

Daily Target 2X Long ORCL ETF (ORCX) manages $219.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ORCX actively managed or an index fund?

ORCX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.