NBIG vs. ORCU

Last updated Jun 4, 2026

NBIG (Leverage Shares 2X Long NBIS Daily ETF) and ORCU (Direxion Daily ORCL Bull 2X ETF) are both Leveraged Equities funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. NBIG charges 0.75%/yr vs 0.97%/yr for ORCU.

Performance

NBIG vs. ORCU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NBIS Daily ETF (NBIG) and Direxion Daily ORCL Bull 2X ETF (ORCU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBIG achieves a 453.13% return, which is significantly higher than ORCU's 17.65% return.

NBIG

• 1D: -6.73%
• 1M: 83.04%
• YTD: 453.13%
• 6M: 273.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORCU

• 1D: -11.68%
• 1M: 56.16%
• YTD: 17.65%
• 6M: -0.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBIG vs. ORCU - Yearly Performance Comparison

	2026 (YTD)	2025
NBIG Leverage Shares 2X Long NBIS Daily ETF	453.13%	-29.93%
ORCU Direxion Daily ORCL Bull 2X ETF	17.65%	-29.42%

Correlation

The correlation between NBIG and ORCU is 0.52, 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 20, 2025	0.52

Return for Risk

NBIG vs. ORCU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NBIS Daily ETF (NBIG) and Direxion Daily ORCL Bull 2X ETF (ORCU). 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

	NBIG	ORCU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	-0.25	+1.46

Drawdowns

NBIG vs. ORCU - Drawdown Comparison

The maximum NBIG drawdown since its inception was -75.83%, which is greater than ORCU's maximum drawdown of -67.67%. Use the drawdown chart below to compare losses from any high point for NBIG and ORCU.

Drawdown Indicators

	NBIG	ORCU	Difference
Max Drawdown Largest peak-to-trough decline	-75.83%	-67.67%	-8.16%
Current Drawdown Current decline from peak	-9.57%	-16.96%	+7.39%
Average Drawdown Average peak-to-trough decline	-43.08%	-43.89%	+0.81%

Volatility

Volatility by Period

	NBIG	ORCU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	201.21%	118.61%	+82.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	201.21%	118.61%	+82.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	201.21%	118.61%	+82.60%

NBIG vs. ORCU - Expense Ratio Comparison

NBIG has a 0.75% expense ratio, which is lower than ORCU's 0.97% expense ratio.

Dividends

NBIG vs. ORCU - Dividend Comparison

NBIG has not paid dividends to shareholders, while ORCU's dividend yield for the trailing twelve months is around 0.45%.

Position	TTM	2025
NBIG Leverage Shares 2X Long NBIS Daily ETF	0.00%	0.00%
ORCU Direxion Daily ORCL Bull 2X ETF	0.45%	0.17%

Frequently Asked Questions

Can I hold both NBIG and ORCU in my portfolio?

NBIG and ORCU have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIG or ORCU?

On fees, NBIG 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, NBIG or ORCU?

NBIG is cheaper with a 0.75% expense ratio, compared with 0.97% for ORCU.

Which ETF pays a higher dividend yield, NBIG or ORCU?

ORCU has the higher dividend yield at 0.45%, compared with 0.00% for NBIG.

What is the main difference between NBIG and ORCU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for NBIG and 0.97% for ORCU.