ROBN vs. ORLG

Last updated Jul 17, 2026

ROBN (T-REX 2X Long HOOD Daily Target ETF) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds. ROBN is actively managed, while ORLG is passively managed. At a correlation of -0.06, they often move in opposite directions. ROBN charges 1.05%/yr vs 0.75%/yr for ORLG.

Performance

ROBN vs. ORLG - Performance Comparison

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

Returns By Period

ROBN

• 1D: -16.83%
• 1M: 13.89%
• 6M: -35.69%
• YTD: -39.58%
• 1Y: -45.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORLG

• 1D: 8.37%
• 1M: -11.93%
• 6M: -23.86%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROBN vs. ORLG - Yearly Performance Comparison

	2026 (YTD)
ROBN T-REX 2X Long HOOD Daily Target ETF	-45.61%
ORLG Leverage Shares 2X Long ORLY Daily ETF	-25.87%

Correlation

The correlation between ROBN and ORLG is -0.06, 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 15, 2026	-0.06

Return for Risk

ROBN vs. ORLG — Risk / Return Rank

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

ROBN

ROBN Risk / Return Rank: 8
ROBN Sharpe Ratio Rank: 6
ROBN Sortino Ratio Rank: 12
ROBN Omega Ratio Rank: 12
ROBN Calmar Ratio Rank: 5
ROBN Martin Ratio Rank: 6

ORLG

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.

ROBN vs. ORLG - Risk-Adjusted Trends Comparison

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

	ROBN	ORLG	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	—	—
Sortino ratio: Return per unit of downside risk	0.38	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	-0.53	—	—
Martin ratio: Return relative to average drawdown	-0.78	—	—

Drawdowns

ROBN vs. ORLG - Drawdown Comparison

The maximum ROBN drawdown since its inception was -86.84%, which is greater than ORLG's maximum drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for ROBN and ORLG.

Drawdown Indicators

	ROBN	ORLG	Difference
Max Drawdown Largest peak-to-trough decline	-86.84%	-39.93%	-46.91%
Max Drawdown (1Y) Largest decline over 1 year	-86.84%	—	—
Current Drawdown Current decline from peak	-71.79%	-34.91%	-36.88%
Average Drawdown Average peak-to-trough decline	-45.45%	-20.65%	-24.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	58.56%	—	—

Volatility

Volatility by Period

	ROBN	ORLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	106.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	139.95%	59.08%	+80.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.43%	59.08%	+92.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.43%	59.08%	+92.35%

ROBN vs. ORLG - Expense Ratio Comparison

ROBN has a 1.05% expense ratio, which is higher than ORLG's 0.75% expense ratio.

Dividends

ROBN vs. ORLG - Dividend Comparison

ROBN's dividend yield for the trailing twelve months is around 7.42%, while ORLG has not paid dividends to shareholders.

Position	TTM	2025
ORLG Leverage Shares 2X Long ORLY Daily ETF	0.00%	0.00%
ROBN T-REX 2X Long HOOD Daily Target ETF	7.42%	4.48%

Frequently Asked Questions

Can I hold both ROBN and ORLG in my portfolio?

ROBN and ORLG have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ROBN or ORLG?

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, ROBN or ORLG?

ORLG is cheaper with a 0.75% expense ratio, compared with 1.05% for ROBN.

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

ROBN has the higher dividend yield at 7.42%, compared with 0.00% for ORLG.

What is the main difference between ROBN and ORLG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.05% for ROBN and 0.75% for ORLG.