ORCU vs. VALG

Last updated Jun 24, 2026

ORCU (Direxion Daily ORCL Bull 2X ETF) and VALG (Leverage Shares 2X Long VALE Daily ETF) are both Leveraged Equities funds. ORCU is actively managed, while VALG is passively managed. At a 0.05 correlation, their price movements are largely independent. ORCU charges 0.97%/yr vs 0.75%/yr for VALG.

Performance

ORCU vs. VALG - 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 VALE Daily ETF (VALG). 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 VALG's 21.61% return.

ORCU

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

VALG

• 1D: -5.15%
• 1M: -15.17%
• YTD: 21.61%
• 6M: 17.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORCU vs. VALG - Yearly Performance Comparison

	2026 (YTD)	2025
ORCU Direxion Daily ORCL Bull 2X ETF	-41.88%	17.96%
VALG Leverage Shares 2X Long VALE Daily ETF	21.61%	1.57%

Correlation

The correlation between ORCU and VALG is 0.05, 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 Dec 18, 2025	0.05

Return for Risk

ORCU vs. VALG - 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 VALE Daily ETF (VALG). 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. VALG - Drawdown Comparison

The maximum ORCU drawdown since its inception was -67.67%, which is greater than VALG's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for ORCU and VALG.

Drawdown Indicators

	ORCU	VALG	Difference
Max Drawdown Largest peak-to-trough decline	-67.67%	-36.93%	-30.74%
Current Drawdown Current decline from peak	-58.98%	-29.62%	-29.36%
Average Drawdown Average peak-to-trough decline	-43.38%	-13.31%	-30.07%

Volatility

Volatility by Period

	ORCU	VALG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	121.50%	74.65%	+46.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.50%	74.65%	+46.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.50%	74.65%	+46.85%

ORCU vs. VALG - Expense Ratio Comparison

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

Dividends

ORCU vs. VALG - Dividend Comparison

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

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

Frequently Asked Questions

Can I hold both ORCU and VALG in my portfolio?

ORCU and VALG have a correlation of 0.05, 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 VALG?

On fees, VALG 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 VALG?

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

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

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

What is the main difference between ORCU and VALG?

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