ORCS vs. TTXD

Last updated Jul 12, 2026

ORCS (Direxion Daily ORCL Bear 1X ETF) and TTXD (Direxion Daily Technology Top 5 Bear 2X ETF) are both Inverse Equities funds from Direxion. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

ORCS vs. TTXD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily ORCL Bear 1X ETF (ORCS) and Direxion Daily Technology Top 5 Bear 2X ETF (TTXD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORCS achieves a 18.11% return, which is significantly higher than TTXD's -46.43% return.

ORCS

• 1D: 2.16%
• 1M: 29.15%
• 6M: 20.88%
• YTD: 18.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TTXD

• 1D: -0.85%
• 1M: -10.64%
• 6M: -48.10%
• YTD: -46.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORCS vs. TTXD - Yearly Performance Comparison

	2026 (YTD)	2025
ORCS Direxion Daily ORCL Bear 1X ETF	18.11%	11.07%
TTXD Direxion Daily Technology Top 5 Bear 2X ETF	-46.43%	4.76%

Correlation

The correlation between ORCS and TTXD is 0.55, 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 19, 2025	0.55

Return for Risk

ORCS vs. TTXD - 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 Technology Top 5 Bear 2X ETF (TTXD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ORCS vs. TTXD - Drawdown Comparison

The maximum ORCS drawdown since its inception was -50.25%, smaller than the maximum TTXD drawdown of -67.61%. Use the drawdown chart below to compare losses from any high point for ORCS and TTXD.

Drawdown Indicators

	ORCS	TTXD	Difference
Max Drawdown Largest peak-to-trough decline	-50.25%	-67.61%	+17.36%
Current Drawdown Current decline from peak	-15.50%	-64.94%	+49.44%
Average Drawdown Average peak-to-trough decline	-16.45%	-21.41%	+4.96%

Volatility

Volatility by Period

	ORCS	TTXD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	59.53%	62.85%	-3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.53%	62.85%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.53%	62.85%	-3.32%

Dividends

ORCS vs. TTXD - Dividend Comparison

ORCS's dividend yield for the trailing twelve months is around 1.21%, less than TTXD's 3.67% yield.

Position	TTM	2025
ORCS Direxion Daily ORCL Bear 1X ETF	1.21%	0.26%
TTXD Direxion Daily Technology Top 5 Bear 2X ETF	3.67%	0.79%

Frequently Asked Questions

Can I hold both ORCS and TTXD in my portfolio?

ORCS and TTXD have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

TTXD has the higher dividend yield at 3.67%, compared with 1.21% for ORCS.