TSXU vs. ORLG

Last updated Jul 17, 2026

TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds - TSXU tracks the Solactive Semiconductor Top 5 Index (2x) while ORLG tracks the O'Reilly Automotive, Inc. (ORLY). Both are passively managed. At a correlation of -0.22, they often move in opposite directions. TSXU charges 1.05%/yr vs 0.75%/yr for ORLG.

Performance

TSXU vs. ORLG - Performance Comparison

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

Returns By Period

TSXU

• 1D: -8.45%
• 1M: -10.51%
• 6M: 60.40%
• YTD: 86.53%
• 1Y: —
• 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)

TSXU vs. ORLG - Yearly Performance Comparison

	2026 (YTD)
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	69.61%
ORLG Leverage Shares 2X Long ORLY Daily ETF	-25.87%

Correlation

The correlation between TSXU and ORLG is -0.22, 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	-0.22

Return for Risk

TSXU vs. ORLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU) 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

TSXU vs. ORLG - Drawdown Comparison

The maximum TSXU drawdown since its inception was -35.62%, smaller than the maximum ORLG drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for TSXU and ORLG.

Drawdown Indicators

	TSXU	ORLG	Difference
Max Drawdown Largest peak-to-trough decline	-35.62%	-39.93%	+4.31%
Current Drawdown Current decline from peak	-24.58%	-34.91%	+10.33%
Average Drawdown Average peak-to-trough decline	-10.99%	-20.65%	+9.66%

Volatility

Volatility by Period

	TSXU	ORLG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	90.63%	59.08%	+31.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.63%	59.08%	+31.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.63%	59.08%	+31.55%

TSXU vs. ORLG - Expense Ratio Comparison

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

Dividends

TSXU vs. ORLG - Dividend Comparison

TSXU's dividend yield for the trailing twelve months is around 1.88%, while ORLG has not paid dividends to shareholders.

Position	TTM	2025
ORLG Leverage Shares 2X Long ORLY Daily ETF	0.00%	0.00%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.88%	2.54%

Frequently Asked Questions

Can I hold both TSXU and ORLG in my portfolio?

TSXU and ORLG have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSXU 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, TSXU or ORLG?

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

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

TSXU has the higher dividend yield at 1.88%, compared with 0.00% for ORLG.

What is the main difference between TSXU and ORLG?

TSXU tracks Solactive Semiconductor Top 5 Index (2x), while ORLG tracks O'Reilly Automotive, Inc. (ORLY). They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.05% for TSXU and 0.75% for ORLG.