ORLG vs. WDCX

Last updated Jun 4, 2026

ORLG (Leverage Shares 2X Long ORLY Daily ETF) and WDCX (Tradr 2X Long WDC Daily ETF) are both Leveraged Equities funds - ORLG tracks the O'Reilly Automotive, Inc. (ORLY) while WDCX tracks the Western Digital Corporation (WDC). Both are passively managed. At a correlation of -0.02, they often move in opposite directions. ORLG charges 0.75%/yr vs 1.49%/yr for WDCX.

Performance

ORLG vs. WDCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ORLY Daily ETF (ORLG) and Tradr 2X Long WDC Daily ETF (WDCX). 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*: —

WDCX

• 1D: 11.34%
• 1M: 74.95%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORLG vs. WDCX - Yearly Performance Comparison

	2026 (YTD)
ORLG Leverage Shares 2X Long ORLY Daily ETF	-30.12%
WDCX Tradr 2X Long WDC Daily ETF	346.72%

Correlation

The correlation between ORLG and WDCX is -0.02, 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 28, 2026	-0.02

Return for Risk

ORLG vs. WDCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ORLY Daily ETF (ORLG) and Tradr 2X Long WDC Daily ETF (WDCX). 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	WDCX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	48.43	-49.22

Drawdowns

ORLG vs. WDCX - Drawdown Comparison

The maximum ORLG drawdown since its inception was -32.62%, smaller than the maximum WDCX drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for ORLG and WDCX.

Drawdown Indicators

	ORLG	WDCX	Difference
Max Drawdown Largest peak-to-trough decline	-32.62%	-38.58%	+5.96%
Current Drawdown Current decline from peak	-31.02%	0.00%	-31.02%
Average Drawdown Average peak-to-trough decline	-17.83%	-9.67%	-8.16%

Volatility

Volatility by Period

	ORLG	WDCX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	55.34%	148.88%	-93.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.34%	148.88%	-93.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.34%	148.88%	-93.54%

ORLG vs. WDCX - Expense Ratio Comparison

ORLG has a 0.75% expense ratio, which is lower than WDCX's 1.49% expense ratio.

Dividends

ORLG vs. WDCX - Dividend Comparison

Neither ORLG nor WDCX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ORLG and WDCX in my portfolio?

ORLG and WDCX have a correlation of -0.02, 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 WDCX?

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 WDCX?

ORLG is cheaper with a 0.75% expense ratio, compared with 1.49% for WDCX.

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

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

What is the main difference between ORLG and WDCX?

ORLG tracks O'Reilly Automotive, Inc. (ORLY), while WDCX tracks Western Digital Corporation (WDC). They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for ORLG and 1.49% for WDCX.