RKLZ vs. ORCS
RKLZ (Defiance Daily Target 2X Short RKLB ETF) and ORCS (Direxion Daily ORCL Bear 1X ETF) are both Inverse Equities funds. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. RKLZ charges 1.29%/yr vs 0.97%/yr for ORCS.
Performance
RKLZ vs. ORCS - Performance Comparison
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Returns By Period
In the year-to-date period, RKLZ achieves a -87.74% return, which is significantly lower than ORCS's 30.12% return.
RKLZ
- 1D
- -1.37%
- 1M
- 90.19%
- 6M
- -74.18%
- YTD
- -87.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ORCS
- 1D
- -1.71%
- 1M
- 42.00%
- 6M
- 28.42%
- YTD
- 30.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RKLZ vs. ORCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RKLZ Defiance Daily Target 2X Short RKLB ETF | -87.74% | -74.92% |
ORCS Direxion Daily ORCL Bear 1X ETF | 30.12% | 11.07% |
Correlation
The correlation between RKLZ and ORCS is 0.39, 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 | 0.39 |
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Return for Risk
RKLZ vs. ORCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RKLB ETF (RKLZ) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
RKLZ vs. ORCS - Drawdown Comparison
The maximum RKLZ drawdown since its inception was -99.10%, which is greater than ORCS's maximum drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for RKLZ and ORCS.
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Drawdown Indicators
| RKLZ | ORCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.10% | -50.25% | -48.85% |
Current DrawdownCurrent decline from peak | -97.31% | -6.91% | -90.40% |
Average DrawdownAverage peak-to-trough decline | -83.08% | -16.19% | -66.89% |
Volatility
RKLZ vs. ORCS - Volatility Comparison
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Volatility by Period
| RKLZ | ORCS | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 207.75% | 59.82% | +147.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 207.75% | 59.82% | +147.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 207.75% | 59.82% | +147.93% |
RKLZ vs. ORCS - Expense Ratio Comparison
RKLZ has a 1.29% expense ratio, which is higher than ORCS's 0.97% expense ratio.
Dividends
RKLZ vs. ORCS - Dividend Comparison
RKLZ has not paid dividends to shareholders, while ORCS's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 |
|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | 1.10% | 0.26% |
RKLZ Defiance Daily Target 2X Short RKLB ETF | 0.00% | 0.00% |
Frequently Asked Questions
RKLZ and ORCS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ORCS is cheaper with a 0.97% expense ratio, compared with 1.29% for RKLZ.
ORCS has the higher dividend yield at 1.10%, compared with 0.00% for RKLZ.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.29% for RKLZ and 0.97% for ORCS.
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