OILD vs. ORCS
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and ORCS (Direxion Daily ORCL Bear 1X ETF) are both Inverse Equities funds. OILD is passively managed, while ORCS is actively managed. Their -0.13 correlation means they have often moved in opposite directions in the past. OILD charges 0.95%/yr vs 0.97%/yr for ORCS.
Performance
OILD vs. ORCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OILD achieves a -62.98% return, which is significantly lower than ORCS's 10.26% return.
OILD
- 1D
- 1.27%
- 1M
- -27.98%
- 6M
- -43.08%
- YTD
- -62.98%
- 1Y
- -70.97%
- 3Y*
- -42.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -58.87%
ORCS
- 1D
- -2.46%
- 1M
- -7.33%
- 6M
- -11.34%
- YTD
- 10.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.68M | $2.54M | $3.73M | |
| $2.02M | $2.54M | $2.82M |
OILD vs. ORCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -62.98% | 1.90% |
ORCS Direxion Daily ORCL Bear 1X ETF | 10.26% | 11.07% |
Correlation
The correlation between OILD and ORCS is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | -0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OILD vs. ORCS — Risk / Return Rank
OILD
ORCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OILD vs. ORCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.
| OILD | ORCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.77 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | — | — |
| Martin ratioReturn relative to average drawdown | -1.42 | — | — |
Loading charts...
Drawdowns
OILD vs. ORCS - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than ORCS's maximum drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for OILD and ORCS.
Loading charts...
Drawdown Indicators
| OILD | ORCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -50.25% | -48.65% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -85.42% | — | — |
Current DrawdownCurrent decline from peak | -98.80% | -22.50% | -76.30% |
Average DrawdownAverage peak-to-trough decline | -88.92% | -15.64% | -73.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.00% | — | — |
Volatility
OILD vs. ORCS - Volatility Comparison
Loading charts...
Volatility by Period
| OILD | ORCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 50.12% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 63.36% | 61.11% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.04% | 61.11% | +17.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.04% | 61.11% | +17.93% |
OILD vs. ORCS - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is lower than ORCS's 0.97% expense ratio.
Dividends
OILD vs. ORCS - Dividend Comparison
OILD has not paid dividends to shareholders, while ORCS's dividend yield for the trailing twelve months is around 1.30%.
| Position | TTM | 2025 |
|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% |
ORCS Direxion Daily ORCL Bear 1X ETF | 1.30% | 0.26% |
Frequently Asked Questions
OILD and ORCS have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OILD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OILD is cheaper with a 0.95% expense ratio, compared with 0.97% for ORCS.
ORCS has the higher dividend yield at 1.30%, compared with 0.00% for OILD.
They also come from different issuers: REX and Direxion. Their fees differ too: 0.95% for OILD and 0.97% for ORCS.
Find the right allocation for OILD and ORCS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer