TEXU vs. ORLG

Last updated Jul 21, 2026

TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds. TEXU is actively managed, while ORLG is passively managed. At a 0.16 correlation, their price movements are largely independent.

Performance

TEXU vs. ORLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) and Leverage Shares 2X Long ORLY Daily ETF (ORLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEXU

• 1D: 1.23%
• 1M: 8.43%
• 6M: 38.81%
• YTD: 52.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORLG

• 1D: -3.74%
• 1M: -7.85%
• 6M: -28.48%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEXU vs. ORLG - Yearly Performance Comparison

	2026 (YTD)
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	35.83%
ORLG Leverage Shares 2X Long ORLY Daily ETF	-28.72%

Correlation

The correlation between TEXU and ORLG is 0.16, 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 Jan 15, 2026	0.16

Return for Risk

TEXU vs. ORLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) 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.

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

Drawdowns

TEXU vs. ORLG - Drawdown Comparison

The maximum TEXU drawdown since its inception was -31.71%, smaller than the maximum ORLG drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for TEXU and ORLG.

Drawdown Indicators

	TEXU	ORLG	Difference
Max Drawdown Largest peak-to-trough decline	-31.71%	-39.93%	+8.22%
Current Drawdown Current decline from peak	-20.62%	-37.42%	+16.80%
Average Drawdown Average peak-to-trough decline	-8.27%	-20.89%	+12.62%

Volatility

Volatility by Period

	TEXU	ORLG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	40.63%	58.82%	-18.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.63%	58.82%	-18.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.63%	58.82%	-18.19%

Dividends

TEXU vs. ORLG - Dividend Comparison

TEXU's dividend yield for the trailing twelve months is around 1.44%, while ORLG has not paid dividends to shareholders.

Position	TTM	2025
ORLG Leverage Shares 2X Long ORLY Daily ETF	0.00%	0.00%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.44%	0.67%

Frequently Asked Questions

Can I hold both TEXU and ORLG in my portfolio?

TEXU and ORLG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

TEXU has the higher dividend yield at 1.44%, compared with 0.00% for ORLG.

What is the main difference between TEXU and ORLG?

They also come from different issuers: Direxion and Leverage Shares.