ORCU vs. CMGG

Last updated Jun 24, 2026

ORCU (Direxion Daily ORCL Bull 2X ETF) and CMGG (Leverage Shares 2X Long CMG Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. ORCU charges 0.97%/yr vs 0.75%/yr for CMGG.

Performance

ORCU vs. CMGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily ORCL Bull 2X ETF (ORCU) and Leverage Shares 2X Long CMG Daily ETF (CMGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORCU achieves a -41.88% return, which is significantly lower than CMGG's -37.52% return.

ORCU

• 1D: -11.87%
• 1M: -30.69%
• YTD: -41.88%
• 6M: -42.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMGG

• 1D: 2.82%
• 1M: -12.95%
• YTD: -37.52%
• 6M: -40.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORCU vs. CMGG - Yearly Performance Comparison

	2026 (YTD)	2025
ORCU Direxion Daily ORCL Bull 2X ETF	-41.88%	-27.54%
CMGG Leverage Shares 2X Long CMG Daily ETF	-37.52%	40.74%

Correlation

The correlation between ORCU and CMGG is -0.04, 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	-0.04

Return for Risk

ORCU vs. CMGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ORCL Bull 2X ETF (ORCU) and Leverage Shares 2X Long CMG Daily ETF (CMGG). 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

ORCU vs. CMGG - Drawdown Comparison

The maximum ORCU drawdown since its inception was -67.67%, which is greater than CMGG's maximum drawdown of -56.75%. Use the drawdown chart below to compare losses from any high point for ORCU and CMGG.

Drawdown Indicators

	ORCU	CMGG	Difference
Max Drawdown Largest peak-to-trough decline	-67.67%	-56.75%	-10.92%
Current Drawdown Current decline from peak	-58.98%	-48.19%	-10.79%
Average Drawdown Average peak-to-trough decline	-43.38%	-23.37%	-20.01%

Volatility

Volatility by Period

	ORCU	CMGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	121.50%	68.93%	+52.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.50%	68.93%	+52.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.50%	68.93%	+52.57%

ORCU vs. CMGG - Expense Ratio Comparison

ORCU has a 0.97% expense ratio, which is higher than CMGG's 0.75% expense ratio.

Dividends

ORCU vs. CMGG - Dividend Comparison

ORCU's dividend yield for the trailing twelve months is around 1.51%, while CMGG has not paid dividends to shareholders.

Position	TTM	2025
CMGG Leverage Shares 2X Long CMG Daily ETF	0.00%	0.00%
ORCU Direxion Daily ORCL Bull 2X ETF	1.51%	0.17%

Frequently Asked Questions

Can I hold both ORCU and CMGG in my portfolio?

ORCU and CMGG have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ORCU or CMGG?

On fees, CMGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ORCU or CMGG?

CMGG is cheaper with a 0.75% expense ratio, compared with 0.97% for ORCU.

Which ETF pays a higher dividend yield, ORCU or CMGG?

ORCU has the higher dividend yield at 1.51%, compared with 0.00% for CMGG.

What is the main difference between ORCU and CMGG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for ORCU and 0.75% for CMGG.