XOMX vs. ORLG

Last updated Jul 21, 2026

XOMX (Direxion Daily XOM Bull 2X Shares) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds. XOMX is actively managed, while ORLG is passively managed. At a 0.11 correlation, their price movements are largely independent. XOMX charges 1.07%/yr vs 0.75%/yr for ORLG.

Performance

XOMX vs. ORLG - Performance Comparison

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

Returns By Period

XOMX

• 1D: 1.24%
• 1M: 14.89%
• 6M: 22.78%
• YTD: 41.72%
• 1Y: 72.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 50.49%

ORLG

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

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

XOMX vs. ORLG - Yearly Performance Comparison

	2026 (YTD)
XOMX Direxion Daily XOM Bull 2X Shares	22.45%
ORLG Leverage Shares 2X Long ORLY Daily ETF	-28.72%

Correlation

The correlation between XOMX and ORLG is 0.11, 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	0.11

Return for Risk

XOMX vs. ORLG — Risk / Return Rank

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

XOMX

XOMX Risk / Return Rank: 51
XOMX Sharpe Ratio Rank: 59
XOMX Sortino Ratio Rank: 53
XOMX Omega Ratio Rank: 54
XOMX Calmar Ratio Rank: 48
XOMX Martin Ratio Rank: 39

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.

XOMX vs. ORLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily XOM Bull 2X Shares (XOMX) 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.

	XOMX	ORLG	Difference
Sharpe ratio: Return per unit of total volatility	1.46	—	—
Sortino ratio: Return per unit of downside risk	1.94	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.83	—	—
Martin ratio: Return relative to average drawdown	4.53	—	—

Drawdowns

XOMX vs. ORLG - Drawdown Comparison

The maximum XOMX drawdown since its inception was -39.64%, roughly equal to the maximum ORLG drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for XOMX and ORLG.

Drawdown Indicators

	XOMX	ORLG	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	-39.93%	+0.29%
Max Drawdown (1Y) Largest decline over 1 year	-39.64%	—	—
Current Drawdown Current decline from peak	-28.59%	-37.42%	+8.83%
Average Drawdown Average peak-to-trough decline	-10.46%	-20.89%	+10.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.02%	—	—

Volatility

Volatility by Period

	XOMX	ORLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	49.78%	58.82%	-9.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.59%	58.82%	-10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.59%	58.82%	-10.23%

XOMX vs. ORLG - Expense Ratio Comparison

XOMX has a 1.07% expense ratio, which is higher than ORLG's 0.75% expense ratio.

Dividends

XOMX vs. ORLG - Dividend Comparison

XOMX's dividend yield for the trailing twelve months is around 1.86%, while ORLG has not paid dividends to shareholders.

Position	TTM	2025
ORLG Leverage Shares 2X Long ORLY Daily ETF	0.00%	0.00%
XOMX Direxion Daily XOM Bull 2X Shares	1.86%	1.73%

Frequently Asked Questions

Can I hold both XOMX and ORLG in my portfolio?

XOMX and ORLG have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XOMX 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, XOMX or ORLG?

ORLG is cheaper with a 0.75% expense ratio, compared with 1.07% for XOMX.

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

XOMX has the higher dividend yield at 1.86%, compared with 0.00% for ORLG.

What is the main difference between XOMX and ORLG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.07% for XOMX and 0.75% for ORLG.