ORCS vs. PLTZ

Last updated Jun 6, 2026

ORCS (Direxion Daily ORCL Bear 1X ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. ORCS charges 0.97%/yr vs 1.29%/yr for PLTZ.

Performance

ORCS vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily ORCL Bear 1X ETF (ORCS) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORCS achieves a -20.50% return, which is significantly lower than PLTZ's 14.08% return.

ORCS

• 1D: 9.77%
• 1M: -12.83%
• YTD: -20.50%
• 6M: -12.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTZ

• 1D: 8.60%
• 1M: -11.35%
• YTD: 14.08%
• 6M: 15.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORCS vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
ORCS Direxion Daily ORCL Bear 1X ETF	-20.50%	12.36%
PLTZ Defiance Daily Target 2X Short PLTR ETF	14.08%	-18.45%

Correlation

The correlation between ORCS and PLTZ is 0.53, 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	0.53

Return for Risk

ORCS vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ORCL Bear 1X ETF (ORCS) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). 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

	ORCS	PLTZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	-0.59	+0.27

Drawdowns

ORCS vs. PLTZ - Drawdown Comparison

The maximum ORCS drawdown since its inception was -50.25%, smaller than the maximum PLTZ drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for ORCS and PLTZ.

Drawdown Indicators

	ORCS	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-50.25%	-70.28%	+20.03%
Current Drawdown Current decline from peak	-43.12%	-59.38%	+16.26%
Average Drawdown Average peak-to-trough decline	-14.84%	-52.09%	+37.25%

Volatility

Volatility by Period

	ORCS	PLTZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	60.71%	101.97%	-41.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.71%	101.97%	-41.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.71%	101.97%	-41.26%

ORCS vs. PLTZ - Expense Ratio Comparison

ORCS has a 0.97% expense ratio, which is lower than PLTZ's 1.29% expense ratio.

Dividends

ORCS vs. PLTZ - Dividend Comparison

ORCS's dividend yield for the trailing twelve months is around 1.08%, while PLTZ has not paid dividends to shareholders.

Position	TTM	2025
ORCS Direxion Daily ORCL Bear 1X ETF	1.08%	0.26%
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ORCS and PLTZ in my portfolio?

ORCS and PLTZ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ORCS or PLTZ?

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.

Which ETF is cheaper, ORCS or PLTZ?

ORCS is cheaper with a 0.97% expense ratio, compared with 1.29% for PLTZ.

Which ETF pays a higher dividend yield, ORCS or PLTZ?

ORCS has the higher dividend yield at 1.08%, compared with 0.00% for PLTZ.

What is the main difference between ORCS and PLTZ?

They also come from different issuers: Direxion and Defiance. Their fees differ too: 0.97% for ORCS and 1.29% for PLTZ.