ORCS vs. MUU
ORCS (Direxion Daily ORCL Bear 1X ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - ORCS is a Inverse Equities fund actively managed by Direxion, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). ORCS is actively managed, while MUU is passively managed. Their -0.29 correlation means they have often moved in opposite directions in the past. ORCS charges 0.97%/yr vs 1.01%/yr for MUU.
Performance
ORCS vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, ORCS achieves a 24.72% return, which is significantly lower than MUU's 372.51% return.
ORCS
- 1D
- -1.91%
- 1M
- 4.83%
- 6M
- 6.73%
- YTD
- 24.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MUU
- 1D
- -12.24%
- 1M
- -36.47%
- 6M
- 134.93%
- YTD
- 372.51%
- 1Y
- 2,805.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 419.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.51B | $1.57B | $2.27B | |
| $1.74M | $2.55M | $2.74M |
ORCS vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | 24.72% | 11.07% |
MUU Direxion Daily MU Bull 2X Shares | 372.51% | 46.28% |
Correlation
The correlation between ORCS and MUU is -0.29, 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 | -0.29 |
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Return for Risk
ORCS vs. MUU — Risk / Return Rank
ORCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUU
ORCS vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ORCL Bear 1X ETF (ORCS) and Direxion Daily MU Bull 2X Shares (MUU). 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.
| ORCS | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.61 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 38.27 | — |
| Martin ratioReturn relative to average drawdown | — | 127.21 | — |
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Drawdowns
ORCS vs. MUU - Drawdown Comparison
The maximum ORCS drawdown since its inception was -50.25%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for ORCS and MUU.
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Drawdown Indicators
| ORCS | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -75.07% | +24.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -68.07% | — |
Current DrawdownCurrent decline from peak | -12.34% | -61.50% | +49.16% |
Average DrawdownAverage peak-to-trough decline | -15.58% | -24.34% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 20.44% | — |
Volatility
ORCS vs. MUU - Volatility Comparison
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Volatility by Period
| ORCS | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 62.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 134.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.28% | 161.94% | -101.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.28% | 146.71% | -86.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.28% | 146.71% | -86.43% |
ORCS vs. MUU - Expense Ratio Comparison
ORCS has a 0.97% expense ratio, which is lower than MUU's 1.01% expense ratio.
Dividends
ORCS vs. MUU - Dividend Comparison
ORCS's dividend yield for the trailing twelve months is around 1.15%, less than MUU's 1.44% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 1.44% | 4.27% | 0.31% |
ORCS Direxion Daily ORCL Bear 1X ETF | 1.15% | 0.26% | 0.00% |
Frequently Asked Questions
ORCS and MUU have a correlation of -0.29, 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 1.01% for MUU.
MUU has the higher dividend yield at 1.44%, compared with 1.15% for ORCS.
ORCS is categorized as Inverse Equities, while MUU is Leveraged Equities. Their fees differ too: 0.97% for ORCS and 1.01% for MUU.
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