ORCS vs. OILD
ORCS (Direxion Daily ORCL Bear 1X ETF) and OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) are both Inverse Equities funds. ORCS is actively managed, while OILD is passively managed. At a correlation of -0.09, they often move in opposite directions. ORCS charges 0.97%/yr vs 0.95%/yr for OILD.
Performance
ORCS vs. OILD - Performance Comparison
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Returns By Period
In the year-to-date period, ORCS achieves a 18.11% return, which is significantly higher than OILD's -54.54% return.
ORCS
- 1D
- 2.16%
- 1M
- 29.15%
- 6M
- 20.88%
- YTD
- 18.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILD
- 1D
- -1.43%
- 1M
- 7.69%
- 6M
- -48.60%
- YTD
- -54.54%
- 1Y
- -59.78%
- 3Y*
- -41.86%
- 5Y*
- —
- 10Y*
- —
ORCS vs. OILD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | 18.11% | 11.07% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -54.54% | 1.90% |
Correlation
The correlation between ORCS and OILD is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | -0.09 |
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Return for Risk
ORCS vs. OILD — Risk / Return Rank
ORCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OILD
ORCS vs. OILD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ORCL Bear 1X ETF (ORCS) and MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD). 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 | OILD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.83 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.82 | — |
| Martin ratioReturn relative to average drawdown | — | -1.31 | — |
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Drawdowns
ORCS vs. OILD - Drawdown Comparison
The maximum ORCS drawdown since its inception was -50.25%, smaller than the maximum OILD drawdown of -98.90%. Use the drawdown chart below to compare losses from any high point for ORCS and OILD.
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Drawdown Indicators
| ORCS | OILD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -98.90% | +48.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -74.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -86.29% | — |
Current DrawdownCurrent decline from peak | -15.50% | -98.52% | +83.02% |
Average DrawdownAverage peak-to-trough decline | -16.45% | -88.77% | +72.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 46.48% | — |
Volatility
ORCS vs. OILD - Volatility Comparison
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Volatility by Period
| ORCS | OILD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 21.60% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 49.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 59.53% | 62.68% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.53% | 79.24% | -19.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.53% | 79.24% | -19.71% |
ORCS vs. OILD - Expense Ratio Comparison
ORCS has a 0.97% expense ratio, which is higher than OILD's 0.95% expense ratio.
Dividends
ORCS vs. OILD - Dividend Comparison
ORCS's dividend yield for the trailing twelve months is around 1.21%, while OILD has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% |
ORCS Direxion Daily ORCL Bear 1X ETF | 1.21% | 0.26% |
Frequently Asked Questions
ORCS and OILD have a correlation of -0.09, 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 1.21%, compared with 0.00% for OILD.
They also come from different issuers: Direxion and REX. Their fees differ too: 0.97% for ORCS and 0.95% for OILD.
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