{"url":"https://etfiq.com/compare/leverage/orcs-vs-orcz","section":"compare","title":"ORCS vs ORCZ: which held to its multiple? | ETFIQ","description":"ORCS sets out to return -1 times ORCL each day and ORCZ -2 times. Over the month to Sep 30, 2026 they finished \u22121.3 pts and \u22124.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, ORCS or ORCZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, ORCS finished 5.9 points from what its multiple implies and ORCZ finished 4.6 points from its own, so ORCZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are ORCS and ORCZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Oracle, ORCS at -1 times and ORCZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, ORCS or ORCZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window ORCS\u2019s moved at 54% annualized and ORCZ\u2019s at 52%, so ORCS has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold ORCS or ORCZ for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, ORCS or ORCZ?","acceptedAnswer":{"@type":"Answer","text":"ORCS charges 0.97% a year and ORCZ charges 1.49%, so ORCS is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"ORCS vs ORCZ","item":"https://etfiq.com/compare/leverage/orcs-vs-orcz"}]},{"@type":"WebPage","name":"ORCS vs ORCZ: which held to its multiple?","description":"ORCS sets out to return -1 times ORCL each day and ORCZ -2 times. Over the month to Sep 30, 2026 they finished \u22121.3 pts and \u22124.6 pts away.","url":"https://etfiq.com/compare/leverage/orcs-vs-orcz","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, ORCS finished 0.5 points over and ORCZ 1.1 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ORCS and ORCZ","description":"ORCS sets out to return -1 times ORCL each day and ORCZ -2 times. Over the month to Sep 30, 2026 they finished \u22121.3 pts and \u22124.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/orcs-vs-orcz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6353,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / ORCS vs ORCZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n ORCS vs ORCZ: which held to its multiple?\n\n Over a month against its own daily promise, ORCS finished 0.5 points over and ORCZ 1.1 points over.\n Copy this for sharing \n \n Direxion Daily ORCL Bear 1X ETF and Tradr 2X Short ORCL Daily ETF.\n\n Download as PDF \n\n \u22122.6% ORCS returned, 3 months \n \u221223.3% ORCZ returned, since launch \n \u22125.9 pts ORCS from its stated multiple \n \u221216.0 pts ORCZ from its stated multiple \n\n ORCS 5.9 pts short of its stated multiple \u00b7 3 months to Sep 30,","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/orcs-vs-orcz","a":{"ticker":"ORCS","name":"Direxion Daily ORCL Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ORCS returned \u22122.6% where its own daily promise gave \u22124.0%, 1.4 points over.","url":"https://etfiq.com/funds/orcs","key_facts":[{"label":"What ORCL did","value":"\u22123.3%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u22124.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22122.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$7m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.97%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"ORCZ","name":"Tradr 2X Short ORCL Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: ORCZ returned +11.3% where its own daily promise gave +10.2%, 1.1 points over.","url":"https://etfiq.com/funds/orcz","key_facts":[{"label":"What ORCL did","value":"\u22127.9%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+10.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+11.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 23, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/orcs-vs-orcz"}