Defiance Daily Target 2X Long ORCL ETF (ORCX) — Stock Correlations & Overview
Over the past year, ORCX has moved most closely with ORCL, JXX, IVES. Explore the stocks most correlated and inversely correlated with ORCX below, along with its price, financials, and company profile.
Stocks correlated with ORCX
Correlation of daily returns. Higher positive values move with ORCX; negative values move opposite it. Informational only, not investment advice.
Most correlated with ORCX
| Symbol | Company | Correlation |
|---|---|---|
| ORCL | Oracle CorpSERVICES-PREPACKAGED SOFTWARE | 1.00 |
| JXX | Janus Henderson Transformational Growth ETF | 0.68 |
| IVES | Dan IVES Wedbush AI Revolution ETF | 0.65 |
| TDIV | First Trust Exchange-Traded Fund VI First Trust NASDAQ Technology Dividend Index Fund | 0.64 |
| TDVI | FT Vest Technology Dividend Target Income ETF | 0.64 |
Most inversely correlated with ORCX
| Symbol | Company | Correlation |
|---|---|---|
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.57 |
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -0.57 |
| TTXD | Direxion Daily Technology Top 5 Bear 2X ETF | -0.53 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.52 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.52 |
Frequently asked questions about ORCX correlations
- Which stocks are most correlated with ORCX?
- Based on one year of daily returns, the stocks most correlated with Defiance Daily Target 2X Long ORCL ETF (ORCX) are ORCL (1.00), JXX (0.68) and IVES (0.65). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ORCX?
- Over the past year, the stocks most inversely correlated with Defiance Daily Target 2X Long ORCL ETF (ORCX) are AIBD (-0.57), CORD (-0.57) and TTXD (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ORCX correlations calculated?
- We compute the correlation of daily returns between ORCX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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