PLTD vs. ORCS

Last updated Jul 17, 2026

PLTD (Direxion Daily PLTR Bear 1X Shares) and ORCS (Direxion Daily ORCL Bear 1X ETF) are both Inverse Equities funds from Direxion. PLTD is passively managed, while ORCS is actively managed. At a 0.45 correlation, their price movements are largely independent. PLTD charges 0.98%/yr vs 0.97%/yr for ORCS.

Performance

PLTD vs. ORCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bear 1X Shares (PLTD) and Direxion Daily ORCL Bear 1X ETF (ORCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTD achieves a 17.42% return, which is significantly lower than ORCS's 32.39% return.

PLTD

• 1D: -0.51%
• 1M: -2.49%
• 6M: 17.60%
• YTD: 17.42%
• 1Y: -6.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORCS

• 1D: 6.05%
• 1M: 48.21%
• 6M: 29.65%
• YTD: 32.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTD vs. ORCS - Yearly Performance Comparison

	2026 (YTD)	2025
PLTD Direxion Daily PLTR Bear 1X Shares	17.42%	-6.68%
ORCS Direxion Daily ORCL Bear 1X ETF	32.39%	11.07%

Correlation

The correlation between PLTD and ORCS is 0.45, 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 Nov 19, 2025	0.45

Return for Risk

PLTD vs. ORCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLTD

PLTD Risk / Return Rank: 9
PLTD Sharpe Ratio Rank: 8
PLTD Sortino Ratio Rank: 10
PLTD Omega Ratio Rank: 10
PLTD Calmar Ratio Rank: 7
PLTD Martin Ratio Rank: 7

ORCS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLTD vs. ORCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) and Direxion Daily ORCL Bear 1X ETF (ORCS). 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.

	PLTD	ORCS	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	—	—
Sortino ratio: Return per unit of downside risk	0.19	—	—
Omega ratio: Gain probability vs. loss probability	1.02	—	—
Calmar ratio: Return relative to maximum drawdown	-0.21	—	—
Martin ratio: Return relative to average drawdown	-0.41	—	—

Drawdowns

PLTD vs. ORCS - Drawdown Comparison

The maximum PLTD drawdown since its inception was -77.34%, which is greater than ORCS's maximum drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for PLTD and ORCS.

Drawdown Indicators

	PLTD	ORCS	Difference
Max Drawdown Largest peak-to-trough decline	-77.34%	-50.25%	-27.09%
Max Drawdown (1Y) Largest decline over 1 year	-30.31%	—	—
Current Drawdown Current decline from peak	-69.93%	-5.29%	-64.64%
Average Drawdown Average peak-to-trough decline	-59.90%	-16.25%	-43.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.80%	—	—

Volatility

Volatility by Period

	PLTD	ORCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	51.51%	59.95%	-8.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.84%	59.95%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.84%	59.95%	+2.89%

PLTD vs. ORCS - Expense Ratio Comparison

PLTD has a 0.98% expense ratio, which is higher than ORCS's 0.97% expense ratio.

Dividends

PLTD vs. ORCS - Dividend Comparison

PLTD's dividend yield for the trailing twelve months is around 2.99%, more than ORCS's 1.08% yield.

Position	TTM	2025
ORCS Direxion Daily ORCL Bear 1X ETF	1.08%	0.26%
PLTD Direxion Daily PLTR Bear 1X Shares	2.99%	5.17%

Frequently Asked Questions

Can I hold both PLTD and ORCS in my portfolio?

PLTD and ORCS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLTD or ORCS?

On fees, ORCS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLTD or ORCS?

ORCS is cheaper with a 0.97% expense ratio, compared with 0.98% for PLTD.

Which ETF pays a higher dividend yield, PLTD or ORCS?

PLTD has the higher dividend yield at 2.99%, compared with 1.08% for ORCS.

What is the main difference between PLTD and ORCS?

Their fees differ too: 0.98% for PLTD and 0.97% for ORCS.