ORCS vs. QQQE
ORCS (Direxion Daily ORCL Bear 1X ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - ORCS is a Inverse Equities fund actively managed by Direxion, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. ORCS is actively managed, while QQQE is passively managed. Their -0.50 correlation means they have often moved in opposite directions in the past. ORCS charges 0.97%/yr vs 0.35%/yr for QQQE.
Performance
ORCS vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, ORCS achieves a 24.72% return, which is significantly higher than QQQE's 14.79% return.
ORCS
- 1D
- -1.91%
- 1M
- 4.83%
- 6M
- 6.73%
- YTD
- 24.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QQQE
- 1D
- 0.29%
- 1M
- -2.56%
- 6M
- 13.07%
- YTD
- 14.79%
- 1Y
- 21.68%
- 3Y*
- 14.21%
- 5Y*
- 8.11%
- 10Y*
- 14.70%
- ALL TIME*
- 14.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.74M | $2.55M | $2.74M | |
| $22.33M | $22.31M | $23.91M |
ORCS vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | 24.72% | 11.07% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 14.79% | 3.50% |
Correlation
The correlation between ORCS and QQQE is -0.50, 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 | -0.50 |
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Return for Risk
ORCS vs. QQQE — Risk / Return Rank
ORCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQE
ORCS vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ORCL Bear 1X ETF (ORCS) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.11 | — |
| Martin ratioReturn relative to average drawdown | — | 6.75 | — |
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Drawdowns
ORCS vs. QQQE - Drawdown Comparison
The maximum ORCS drawdown since its inception was -50.25%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for ORCS and QQQE.
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Drawdown Indicators
| ORCS | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -32.14% | -18.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.41% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -12.34% | -4.46% | -7.88% |
Average DrawdownAverage peak-to-trough decline | -15.58% | -5.14% | -10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.94% | — |
Volatility
ORCS vs. QQQE - Volatility Comparison
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Volatility by Period
| ORCS | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.28% | 16.02% | +44.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.28% | 20.58% | +39.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.28% | 20.76% | +39.52% |
ORCS vs. QQQE - Expense Ratio Comparison
ORCS has a 0.97% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
ORCS vs. QQQE - Dividend Comparison
ORCS's dividend yield for the trailing twelve months is around 1.15%, more than QQQE's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | 1.15% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.58% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
ORCS and QQQE have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQE is cheaper with a 0.35% expense ratio, compared with 0.97% for ORCS.
ORCS has the higher dividend yield at 1.15%, compared with 0.58% for QQQE.
ORCS is categorized as Inverse Equities, while QQQE is Nasdaq-100. Their fees differ too: 0.97% for ORCS and 0.35% for QQQE.
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