ORCS vs. NVDU
ORCS (Direxion Daily ORCL Bear 1X ETF) and NVDU (Direxion Daily NVDA Bull 2X Shares ETF) are both exchange-traded funds - ORCS is a Inverse Equities fund actively managed by Direxion, while NVDU is a Leveraged Equities fund actively managed by Direxion. Both are actively managed. Their -0.41 correlation means they have often moved in opposite directions in the past. ORCS charges 0.97%/yr vs 1.04%/yr for NVDU.
Performance
ORCS vs. NVDU - Performance Comparison
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Returns By Period
In the year-to-date period, ORCS achieves a 35.79% return, which is significantly higher than NVDU's -2.86% return.
ORCS
- 1D
- -0.21%
- 1M
- 21.07%
- 6M
- 23.20%
- YTD
- 35.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NVDU
- 1D
- 0.30%
- 1M
- 3.44%
- 6M
- -3.81%
- YTD
- -2.86%
- 1Y
- -2.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 82.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $44.56M | $45.26M | $66.67M | |
| $2.05M | $2.61M | $2.76M |
ORCS vs. NVDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | 35.79% | 11.07% |
NVDU Direxion Daily NVDA Bull 2X Shares ETF | -2.86% | 2.88% |
Correlation
The correlation between ORCS and NVDU is -0.41, 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 | -0.41 |
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Return for Risk
ORCS vs. NVDU — Risk / Return Rank
ORCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVDU
ORCS vs. NVDU - 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 NVDA Bull 2X Shares ETF (NVDU). 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 | NVDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.05 | — |
| Martin ratioReturn relative to average drawdown | — | -0.10 | — |
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Drawdowns
ORCS vs. NVDU - Drawdown Comparison
The maximum ORCS drawdown since its inception was -50.25%, smaller than the maximum NVDU drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for ORCS and NVDU.
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Drawdown Indicators
| ORCS | NVDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -67.27% | +17.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.27% | — |
Current DrawdownCurrent decline from peak | -4.56% | -33.84% | +29.28% |
Average DrawdownAverage peak-to-trough decline | -15.70% | -19.26% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.35% | — |
Volatility
ORCS vs. NVDU - Volatility Comparison
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Volatility by Period
| ORCS | NVDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 59.82% | 71.86% | -12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.82% | 90.51% | -30.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.82% | 90.51% | -30.69% |
ORCS vs. NVDU - Expense Ratio Comparison
ORCS has a 0.97% expense ratio, which is lower than NVDU's 1.04% expense ratio.
Dividends
ORCS vs. NVDU - Dividend Comparison
ORCS's dividend yield for the trailing twelve months is around 1.06%, less than NVDU's 6.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 6.08% | 5.68% | 16.85% | 0.63% |
ORCS Direxion Daily ORCL Bear 1X ETF | 1.06% | 0.26% | 0.00% | 0.00% |
Frequently Asked Questions
ORCS and NVDU have a correlation of -0.41, 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 1.04% for NVDU.
NVDU has the higher dividend yield at 6.08%, compared with 1.06% for ORCS.
ORCS is categorized as Inverse Equities, while NVDU is Leveraged Equities. Their fees differ too: 0.97% for ORCS and 1.04% for NVDU.
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