ORLG vs. SOFA

Last updated Jun 4, 2026

ORLG (Leverage Shares 2X Long ORLY Daily ETF) and SOFA (Direxion Daily SOFI Bull 2X ETF) are both Leveraged Equities funds - ORLG tracks the O'Reilly Automotive, Inc. (ORLY) while SOFA tracks the SoFi Technologies, Inc. (SOFI). Both are passively managed. At a correlation of -0.04, they often move in opposite directions. ORLG charges 0.75%/yr vs 0.97%/yr for SOFA.

Performance

ORLG vs. SOFA - Performance Comparison

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

Returns By Period

ORLG

• 1D: 2.37%
• 1M: -14.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOFA

• 1D: -12.08%
• 1M: 2.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORLG vs. SOFA - Yearly Performance Comparison

	2026 (YTD)
ORLG Leverage Shares 2X Long ORLY Daily ETF	-19.15%
SOFA Direxion Daily SOFI Bull 2X ETF	-42.83%

Correlation

The correlation between ORLG and SOFA 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 Feb 12, 2026	-0.04

Return for Risk

ORLG vs. SOFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ORLY Daily ETF (ORLG) and Direxion Daily SOFI Bull 2X ETF (SOFA). 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

	ORLG	SOFA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	-0.78	-0.01

Drawdowns

ORLG vs. SOFA - Drawdown Comparison

The maximum ORLG drawdown since its inception was -32.62%, smaller than the maximum SOFA drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for ORLG and SOFA.

Drawdown Indicators

	ORLG	SOFA	Difference
Max Drawdown Largest peak-to-trough decline	-32.62%	-51.39%	+18.77%
Current Drawdown Current decline from peak	-31.02%	-42.83%	+11.81%
Average Drawdown Average peak-to-trough decline	-17.83%	-32.68%	+14.85%

Volatility

Volatility by Period

	ORLG	SOFA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	55.34%	108.09%	-52.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.34%	108.09%	-52.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.34%	108.09%	-52.75%

ORLG vs. SOFA - Expense Ratio Comparison

ORLG has a 0.75% expense ratio, which is lower than SOFA's 0.97% expense ratio.

Dividends

ORLG vs. SOFA - Dividend Comparison

ORLG has not paid dividends to shareholders, while SOFA's dividend yield for the trailing twelve months is around 0.39%.

Position	TTM
ORLG Leverage Shares 2X Long ORLY Daily ETF	0.00%
SOFA Direxion Daily SOFI Bull 2X ETF	0.39%

Frequently Asked Questions

Can I hold both ORLG and SOFA in my portfolio?

ORLG and SOFA 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, ORLG or SOFA?

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 SOFA?

ORLG is cheaper with a 0.75% expense ratio, compared with 0.97% for SOFA.

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

SOFA has the higher dividend yield at 0.39%, compared with 0.00% for ORLG.

What is the main difference between ORLG and SOFA?

ORLG tracks O'Reilly Automotive, Inc. (ORLY), while SOFA tracks SoFi Technologies, Inc. (SOFI). They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for ORLG and 0.97% for SOFA.