SOXL vs. ORLG

Last updated Jul 17, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds - SOXL tracks the ICE Semiconductor Index while ORLG tracks the O'Reilly Automotive, Inc. (ORLY). Both are passively managed. At a correlation of -0.14, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

SOXL vs. ORLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Leverage Shares 2X Long ORLY Daily ETF (ORLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SOXL

• 1D: -13.94%
• 1M: -37.01%
• 6M: 145.32%
• YTD: 239.00%
• 1Y: 427.27%
• 3Y*: 72.95%
• 5Y*: 31.92%
• 10Y*: 53.10%

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)

SOXL vs. ORLG - Yearly Performance Comparison

	2026 (YTD)
SOXL Direxion Daily Semiconductor Bull 3X ETF	157.28%
ORLG Leverage Shares 2X Long ORLY Daily ETF	-25.87%

Correlation

The correlation between SOXL and ORLG is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 15, 2026	-0.14

Return for Risk

SOXL vs. ORLG — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 91
SOXL Sharpe Ratio Rank: 97
SOXL Sortino Ratio Rank: 81
SOXL Omega Ratio Rank: 84
SOXL Calmar Ratio Rank: 97
SOXL Martin Ratio Rank: 96

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.

SOXL vs. ORLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) 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.

	SOXL	ORLG	Difference
Sharpe ratio: Return per unit of total volatility	3.45	—	—
Sortino ratio: Return per unit of downside risk	2.89	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	8.19	—	—
Martin ratio: Return relative to average drawdown	26.43	—	—

Drawdowns

SOXL vs. ORLG - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, which is greater than ORLG's maximum drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for SOXL and ORLG.

Drawdown Indicators

	SOXL	ORLG	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-39.93%	-50.53%
Max Drawdown (1Y) Largest decline over 1 year	-52.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-87.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-90.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.46%	—	—
Current Drawdown Current decline from peak	-52.63%	-34.91%	-17.72%
Average Drawdown Average peak-to-trough decline	-34.95%	-20.65%	-14.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.27%	—	—

Volatility

Volatility by Period

	SOXL	ORLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	60.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	109.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	124.91%	59.08%	+65.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	112.01%	59.08%	+52.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.43%	59.08%	+42.35%

SOXL vs. ORLG - Expense Ratio Comparison

Both SOXL and ORLG have an expense ratio of 0.75%.

Dividends

SOXL vs. ORLG - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.01%, while ORLG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ORLG Leverage Shares 2X Long ORLY Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.01%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both SOXL and ORLG in my portfolio?

SOXL and ORLG have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOXL or ORLG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOXL or ORLG?

SOXL and ORLG have the same expense ratio: 0.75% per year.

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

SOXL has the higher dividend yield at 0.01%, compared with 0.00% for ORLG.

What is the main difference between SOXL and ORLG?

SOXL tracks ICE Semiconductor Index, while ORLG tracks O'Reilly Automotive, Inc. (ORLY). They also come from different issuers: Direxion and Leverage Shares.