FGRU vs. ORLG

Last updated Jun 4, 2026

FGRU (T-REX 2X Long FIGR Daily Target ETF) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds - FGRU tracks the Figure Technology Solutions, Inc. (FIGR) while ORLG tracks the O'Reilly Automotive, Inc. (ORLY). Both are passively managed. At a correlation of -0.06, they often move in opposite directions. FGRU charges 1.50%/yr vs 0.75%/yr for ORLG.

Performance

FGRU vs. ORLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long FIGR Daily Target ETF (FGRU) and Leverage Shares 2X Long ORLY Daily ETF (ORLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FGRU

• 1D: -6.91%
• 1M: -29.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORLG

• 1D: 2.37%
• 1M: -14.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FGRU vs. ORLG - Yearly Performance Comparison

	2026 (YTD)
FGRU T-REX 2X Long FIGR Daily Target ETF	-50.02%
ORLG Leverage Shares 2X Long ORLY Daily ETF	-16.43%

Correlation

The correlation between FGRU and ORLG is -0.06, 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 Feb 19, 2026	-0.06

Return for Risk

FGRU vs. ORLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long FIGR Daily Target ETF (FGRU) and Leverage Shares 2X Long ORLY Daily ETF (ORLG). 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

	FGRU	ORLG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	-0.79	+0.35

Drawdowns

FGRU vs. ORLG - Drawdown Comparison

The maximum FGRU drawdown since its inception was -57.59%, which is greater than ORLG's maximum drawdown of -32.62%. Use the drawdown chart below to compare losses from any high point for FGRU and ORLG.

Drawdown Indicators

	FGRU	ORLG	Difference
Max Drawdown Largest peak-to-trough decline	-57.59%	-32.62%	-24.97%
Current Drawdown Current decline from peak	-51.37%	-31.02%	-20.35%
Average Drawdown Average peak-to-trough decline	-30.60%	-17.83%	-12.77%

Volatility

Volatility by Period

	FGRU	ORLG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	209.78%	55.34%	+154.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	209.78%	55.34%	+154.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	209.78%	55.34%	+154.44%

FGRU vs. ORLG - Expense Ratio Comparison

FGRU has a 1.50% expense ratio, which is higher than ORLG's 0.75% expense ratio.

Dividends

FGRU vs. ORLG - Dividend Comparison

Neither FGRU nor ORLG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FGRU and ORLG in my portfolio?

FGRU and ORLG have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGRU or ORLG?

On fees, ORLG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGRU or ORLG?

ORLG is cheaper with a 0.75% expense ratio, compared with 1.50% for FGRU.

Which ETF pays a higher dividend yield, FGRU or ORLG?

FGRU and ORLG have nearly identical dividend yields, around 0.00%.

What is the main difference between FGRU and ORLG?

FGRU tracks Figure Technology Solutions, Inc. (FIGR), while ORLG tracks O'Reilly Automotive, Inc. (ORLY). They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for FGRU and 0.75% for ORLG.