ORCS vs. TSLL
ORCS (Direxion Daily ORCL Bear 1X ETF) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both exchange-traded funds - ORCS is a Inverse Equities fund actively managed by Direxion, while TSLL is a Leveraged Equities fund actively managed by Direxion. Both are actively managed. Their -0.40 correlation means they have often moved in opposite directions in the past. ORCS charges 0.97%/yr vs 0.83%/yr for TSLL.
Performance
ORCS vs. TSLL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ORCS achieves a 24.72% return, which is significantly higher than TSLL's -61.15% return.
ORCS
- 1D
- -1.91%
- 1M
- 4.83%
- 6M
- 6.73%
- YTD
- 24.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TSLL
- 1D
- 1.39%
- 1M
- -40.57%
- 6M
- -56.61%
- YTD
- -61.15%
- 1Y
- -25.18%
- 3Y*
- -20.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.74M | $2.55M | $2.74M | |
| $724.83M | $679.97M | $948.78M |
ORCS vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | 24.72% | 11.07% |
TSLL Direxion Daily TSLA Bull 2X ETF | -61.15% | 21.47% |
Correlation
The correlation between ORCS and TSLL is -0.40, 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 | -0.40 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ORCS vs. TSLL — Risk / Return Rank
ORCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLL
ORCS vs. TSLL - 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 TSLA Bull 2X ETF (TSLL). 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 | TSLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.40 | — |
| Martin ratioReturn relative to average drawdown | — | -0.88 | — |
Loading charts...
Drawdowns
ORCS vs. TSLL - Drawdown Comparison
The maximum ORCS drawdown since its inception was -50.25%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for ORCS and TSLL.
Loading charts...
Drawdown Indicators
| ORCS | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -82.88% | +32.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -70.13% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.88% | — |
Current DrawdownCurrent decline from peak | -12.34% | -80.38% | +68.04% |
Average DrawdownAverage peak-to-trough decline | -15.58% | -54.36% | +38.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.62% | — |
Volatility
ORCS vs. TSLL - Volatility Comparison
Loading charts...
Volatility by Period
| ORCS | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 43.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 70.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.28% | 92.41% | -32.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.28% | 107.78% | -47.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.28% | 107.78% | -47.50% |
ORCS vs. TSLL - Expense Ratio Comparison
ORCS has a 0.97% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
ORCS vs. TSLL - Dividend Comparison
ORCS's dividend yield for the trailing twelve months is around 1.15%, less than TSLL's 13.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | 1.15% | 0.26% | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 13.48% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
ORCS and TSLL have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLL is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLL is cheaper with a 0.83% expense ratio, compared with 0.97% for ORCS.
TSLL has the higher dividend yield at 13.48%, compared with 1.15% for ORCS.
ORCS is categorized as Inverse Equities, while TSLL is Leveraged Equities. Their fees differ too: 0.97% for ORCS and 0.83% for TSLL.
Find the right allocation for ORCS and TSLL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer