CORD vs. ELIS

Last updated Jun 4, 2026

CORD (T-Rex 2X Inverse CRWV Daily Target ETF) and ELIS (Direxion Daily LLY Bear 1X Shares) are both Inverse Equities funds. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. CORD charges 1.50%/yr vs 0.97%/yr for ELIS.

Performance

CORD vs. ELIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse CRWV Daily Target ETF (CORD) and Direxion Daily LLY Bear 1X Shares (ELIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CORD

• 1D: 14.09%
• 1M: 3.13%
• YTD: -87.59%
• 6M: -88.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ELIS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CORD vs. ELIS - Yearly Performance Comparison

	2026 (YTD)	2025
CORD T-Rex 2X Inverse CRWV Daily Target ETF	-87.59%	44.68%
ELIS Direxion Daily LLY Bear 1X Shares	11.37%	-33.12%

Correlation

The correlation between CORD and ELIS is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	-0.00

Return for Risk

CORD vs. ELIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse CRWV Daily Target ETF (CORD) and Direxion Daily LLY Bear 1X Shares (ELIS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CORD	ELIS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.49	—	—

Drawdowns

Drawdown Indicators

	CORD	ELIS	Difference
Max Drawdown Largest peak-to-trough decline	-93.69%	—	—
Current Drawdown Current decline from peak	-91.90%	—	—
Average Drawdown Average peak-to-trough decline	-56.33%	—	—

Volatility

Volatility by Period

	CORD	ELIS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	187.84%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.84%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.84%	—	—

CORD vs. ELIS - Expense Ratio Comparison

CORD has a 1.50% expense ratio, which is higher than ELIS's 0.97% expense ratio.

Dividends

CORD vs. ELIS - Dividend Comparison

CORD has not paid dividends to shareholders, while ELIS's dividend yield for the trailing twelve months is around 5.26%.

Position	TTM	2025
CORD T-Rex 2X Inverse CRWV Daily Target ETF	0.00%	0.00%
ELIS Direxion Daily LLY Bear 1X Shares	5.26%	5.86%

Frequently Asked Questions

Can I hold both CORD and ELIS in my portfolio?

CORD and ELIS have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CORD or ELIS?

On fees, ELIS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CORD or ELIS?

ELIS is cheaper with a 0.97% expense ratio, compared with 1.50% for CORD.

Which ETF pays a higher dividend yield, CORD or ELIS?

ELIS has the higher dividend yield at 5.26%, compared with 0.00% for CORD.

What is the main difference between CORD and ELIS?

They also come from different issuers: Tuttle Capital Management and Direxion. Their fees differ too: 1.50% for CORD and 0.97% for ELIS.