TMAT vs ORCX
Comparison between MAIN THEMATIC INNOVATION ETF (TMAT, ETF) and DEFIANCE DAILY TARGET 2X LONG ORCL ETF (ORCX, ETF).
TMAT vs ORCX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TMAT vs ORCX - Holdings Comparison
TMAT and ORCX have 0 common holdings. Overlap is 0.00%
TMAT's top 25 holdings weight is 52.31%. ORCX's top 25 holdings weight is 0.15%.
| Rank | TMAT | ORCX |
|---|---|---|
| #1 | MICRON TECHNOLOGY INC (MU) - 5.31% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.15% |
| #2 | PALO ALTO NETWORKS INC (PANW) - 4.02% | N/A |
| #3 | VICOR CORP (VICR) - 3.47% | N/A |
| #4 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 2.43% | N/A |
| #5 | FORTINET INC (FTNT) - 2.28% | N/A |
| #6 | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 2.22% | N/A |
| #7 | LUMENTUM HOLDINGS INC (LITE) - 2.21% | N/A |
| #8 | AAON INC (AAON) - 2.17% | N/A |
| #9 | ADVANCED MICRO DEVICES INC (AMD) - 2.10% | N/A |
| #10 | n/a (HNGE) - 2.06% | N/A |
| #11 | BLACKBERRY LTD (BB) - 2.03% | N/A |
| #12 | KEYSIGHT TECHNOLOGIES INC (KEYS) - 1.87% | N/A |
| #13 | TERADYNE INC (TER) - 1.81% | N/A |
| #14 | RUBRIK INC CLASS A SHARES (RBRK) - 1.77% | N/A |
| #15 | VARONIS SYSTEMS INC (VRNS) - 1.59% | N/A |
| #16 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.57% | N/A |
| #17 | GENERAC HOLDINGS INC (GNRC) - 1.57% | N/A |
| #18 | MARVELL TECHNOLOGY INC (MRVL) - 1.53% | N/A |
| #19 | VERACYTE INC (VCYT) - 1.53% | N/A |
| #20 | VERTIV HOLDINGS CO CLASS A (VRT) - 1.50% | N/A |
| #21 | WESTERN DIGITAL CORP (WDC) - 1.48% | N/A |
| #22 | ADVANCED ENERGY INDUSTRIES INC (AEIS) - 1.47% | N/A |
| #23 | MYR GROUP INC (MYRG) - 1.47% | N/A |
| #24 | GE VERNOVA INC (GEV) - 1.43% | N/A |
| #25 | CLOUDFLARE INC (NET) - 1.42% | N/A |
| Total Holdings | 88 | 1 |
TMAT vs ORCX - Historical Returns
Returns include dividend reinvestment.
TMAT vs ORCX - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | TMAT | ORCX |
|---|---|---|
| 2026 | +13.17% | -59.32% |
| 2025 | +18.16% | -16.20% |
| 2024 | +30.39% | N/A |
| 2023 | +32.08% | N/A |
| 2022 | -39.69% | N/A |
| 2021 | -17.01% | N/A |
TMAT vs ORCX Drawdown Comparison
The maximum drawdown for TMAT was -58.55%, occurring on Oct 14, 2022. Recovery took 1155 trading sessions.
The maximum drawdown for ORCX was -91.72%, occurring on Jul 24, 2026. This drawdown has not yet recovered.
The current TMAT drawdown is -9.04%. The current ORCX drawdown is -87.38%.
| Rank | TMAT | ORCX |
|---|---|---|
| #1 | -58.55% Feb 12, 2021 - Sep 19, 2025 | -91.72% Sep 10, 2025 - Jul 24, 2026 |
| #2 | -21.63% Oct 9, 2025 - May 26, 2026 | -57.36% Feb 19, 2025 - Jun 12, 2025 |
| #3 | -15.65% Jun 30, 2026 - Jul 29, 2026 | -26.04% Aug 6, 2025 - Sep 10, 2025 |
| #4 | -10.39% Jun 2, 2026 - Jun 30, 2026 | -9.00% Jul 17, 2025 - Jul 29, 2025 |
| #5 | -3.88% Sep 22, 2025 - Oct 6, 2025 | -8.79% Jun 13, 2025 - Jun 30, 2025 |
| #6 | -1.55% May 26, 2026 - May 29, 2026 | -7.44% Jul 31, 2025 - Aug 5, 2025 |
| #7 | -1.35% Oct 6, 2025 - Oct 8, 2025 | -7.23% Feb 10, 2025 - Feb 18, 2025 |
| #8 | -0.46% Feb 10, 2021 - Feb 12, 2021 | -6.68% Jul 3, 2025 - Jul 16, 2025 |
Correlation
Correlation between TMAT and ORCX is 0.06 which considered as a very weak or no correlation - the stocks move independently of each other.
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