ORLG vs. RDWU

Last updated Jun 24, 2026

ORLG (Leverage Shares 2X Long ORLY Daily ETF) and RDWU (T-REX 2X Long RDW Daily Target ETF) are both Leveraged Equities funds - ORLG tracks the O'Reilly Automotive, Inc. (ORLY) while RDWU tracks the Redwire Corporation (RDW). Both are passively managed. At a correlation of -0.05, they often move in opposite directions. ORLG charges 0.75%/yr vs 1.50%/yr for RDWU.

Performance

ORLG vs. RDWU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ORLY Daily ETF (ORLG) and T-REX 2X Long RDW Daily Target ETF (RDWU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ORLG

• 1D: 4.20%
• 1M: -10.10%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDWU

• 1D: -12.12%
• 1M: -62.79%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORLG vs. RDWU - Yearly Performance Comparison

	2026 (YTD)
ORLG Leverage Shares 2X Long ORLY Daily ETF	-27.75%
RDWU T-REX 2X Long RDW Daily Target ETF	-63.29%

Correlation

The correlation between ORLG and RDWU 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 Jan 30, 2026	-0.05

Return for Risk

ORLG vs. RDWU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ORLY Daily ETF (ORLG) and T-REX 2X Long RDW Daily Target ETF (RDWU). 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

ORLG vs. RDWU - Drawdown Comparison

The maximum ORLG drawdown since its inception was -33.97%, smaller than the maximum RDWU drawdown of -81.77%. Use the drawdown chart below to compare losses from any high point for ORLG and RDWU.

Drawdown Indicators

	ORLG	RDWU	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-81.77%	+47.80%
Current Drawdown Current decline from peak	-31.20%	-81.77%	+50.57%
Average Drawdown Average peak-to-trough decline	-18.96%	-56.27%	+37.31%

Volatility

Volatility by Period

	ORLG	RDWU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	54.24%	263.97%	-209.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.24%	263.97%	-209.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.24%	263.97%	-209.73%

ORLG vs. RDWU - Expense Ratio Comparison

ORLG has a 0.75% expense ratio, which is lower than RDWU's 1.50% expense ratio.

Dividends

ORLG vs. RDWU - Dividend Comparison

Neither ORLG nor RDWU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ORLG and RDWU in my portfolio?

ORLG and RDWU 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, ORLG or RDWU?

On fees, ORLG 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, ORLG or RDWU?

ORLG is cheaper with a 0.75% expense ratio, compared with 1.50% for RDWU.

Which ETF pays a higher dividend yield, ORLG or RDWU?

ORLG and RDWU have nearly identical dividend yields, around 0.00%.

What is the main difference between ORLG and RDWU?

ORLG tracks O'Reilly Automotive, Inc. (ORLY), while RDWU tracks Redwire Corporation (RDW). They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for ORLG and 1.50% for RDWU.