ORCU vs. USGG

Last updated Jun 5, 2026

ORCU (Direxion Daily ORCL Bull 2X ETF) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds. ORCU is actively managed, while USGG is passively managed. At a 0.41 correlation, their price movements are largely independent. ORCU charges 0.97%/yr vs 0.75%/yr for USGG.

Performance

ORCU vs. USGG - 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 USAR Daily ETF (USGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ORCU

• 1D: 5.24%
• 1M: 56.09%
• YTD: 23.82%
• 6M: -1.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USGG

• 1D: -6.46%
• 1M: -12.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORCU vs. USGG - Yearly Performance Comparison

	2026 (YTD)
ORCU Direxion Daily ORCL Bull 2X ETF	15.25%
USGG Leverage Shares 2X Long USAR Daily ETF	53.51%

Correlation

The correlation between ORCU and USGG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026	0.41

Return for Risk

ORCU vs. USGG - 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 USAR Daily ETF (USGG). 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

	ORCU	USGG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.90	-1.09

Drawdowns

ORCU vs. USGG - Drawdown Comparison

The maximum ORCU drawdown since its inception was -67.67%, smaller than the maximum USGG drawdown of -77.74%. Use the drawdown chart below to compare losses from any high point for ORCU and USGG.

Drawdown Indicators

	ORCU	USGG	Difference
Max Drawdown Largest peak-to-trough decline	-67.67%	-77.74%	+10.07%
Current Drawdown Current decline from peak	-12.60%	-36.76%	+24.16%
Average Drawdown Average peak-to-trough decline	-43.66%	-45.97%	+2.31%

Volatility

Volatility by Period

	ORCU	USGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	118.37%	224.53%	-106.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.37%	224.53%	-106.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.37%	224.53%	-106.16%

ORCU vs. USGG - Expense Ratio Comparison

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

Dividends

ORCU vs. USGG - Dividend Comparison

ORCU's dividend yield for the trailing twelve months is around 0.43%, while USGG has not paid dividends to shareholders.

Position	TTM	2025
ORCU Direxion Daily ORCL Bull 2X ETF	0.43%	0.17%
USGG Leverage Shares 2X Long USAR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ORCU and USGG in my portfolio?

ORCU and USGG have a correlation of 0.41, 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 USGG?

On fees, USGG 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 USGG?

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

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

ORCU has the higher dividend yield at 0.43%, compared with 0.00% for USGG.

What is the main difference between ORCU and USGG?

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