HOOZ vs. ORCS
HOOZ (Defiance Daily Target 2X Short HOOD ETF) and ORCS (Direxion Daily ORCL Bear 1X ETF) are both Inverse Equities funds. HOOZ is passively managed, while ORCS is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. HOOZ charges 1.31%/yr vs 0.97%/yr for ORCS.
Performance
HOOZ vs. ORCS - Performance Comparison
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Returns By Period
In the year-to-date period, HOOZ achieves a -54.21% return, which is significantly lower than ORCS's 32.39% return.
HOOZ
- 1D
- 16.13%
- 1M
- -26.74%
- 6M
- -54.35%
- YTD
- -54.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ORCS
- 1D
- 6.05%
- 1M
- 48.21%
- 6M
- 29.65%
- YTD
- 32.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOZ vs. ORCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | -54.21% | -12.81% |
ORCS Direxion Daily ORCL Bear 1X ETF | 32.39% | 11.07% |
Correlation
The correlation between HOOZ and ORCS is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.55 |
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Return for Risk
HOOZ vs. ORCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short HOOD ETF (HOOZ) and Direxion Daily ORCL Bear 1X ETF (ORCS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
HOOZ vs. ORCS - Drawdown Comparison
The maximum HOOZ drawdown since its inception was -81.86%, which is greater than ORCS's maximum drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for HOOZ and ORCS.
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Drawdown Indicators
| HOOZ | ORCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.86% | -50.25% | -31.61% |
Current DrawdownCurrent decline from peak | -78.48% | -5.29% | -73.19% |
Average DrawdownAverage peak-to-trough decline | -36.49% | -16.25% | -20.24% |
Volatility
HOOZ vs. ORCS - Volatility Comparison
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Volatility by Period
| HOOZ | ORCS | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 144.22% | 59.95% | +84.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.22% | 59.95% | +84.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.22% | 59.95% | +84.27% |
HOOZ vs. ORCS - Expense Ratio Comparison
HOOZ has a 1.31% expense ratio, which is higher than ORCS's 0.97% expense ratio.
Dividends
HOOZ vs. ORCS - Dividend Comparison
HOOZ has not paid dividends to shareholders, while ORCS's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 |
|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | 0.00% | 0.00% |
ORCS Direxion Daily ORCL Bear 1X ETF | 1.08% | 0.26% |
Frequently Asked Questions
HOOZ and ORCS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ORCS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ORCS is cheaper with a 0.97% expense ratio, compared with 1.31% for HOOZ.
ORCS has the higher dividend yield at 1.08%, compared with 0.00% for HOOZ.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for HOOZ and 0.97% for ORCS.
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