Skip to content
etf.net

Launched

Direxion Daily ORCL Bear 1X ETF

ORCSNasdaqAThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$29.03−1.28 (−4.21%)

At close: Oct 13, 2026, 4:00 PM

A74/ 100

Rank 14 of 58 in Single-Stock Inverse

A74/100Rank 14 of 58inSingle-Stock Inverse
Intraday session: down, 61 prints from 30.31 to 29.03. Range 28.85 to 30.66. Use the arrow keys to read each point.29.5030.0010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$6M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
4
Avg volume · 30D
0.1M sh
NAV per share
$29.46
52W range
low $18.70high $38.55
Launched

The ETF.net ORCS Grade

Based on 5 of 6 pillars

A

Score 74 out of 100

Category
Single-Stock Inverse⁠
Rank
14 of 58
Six-pillar profile for ORCS. Scores out of 100: Cost 93, Risk 79, Mission 77, Tradability 37, Holdings not scored, Durability 49. Strongest: Cost (93). Weakest: Tradability (37). Based on 5 of 6 pillars.

Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A93 out of 100
    Rank 4 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A77 out of 100
    Rank 32 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A79 out of 100
    Rank 2 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 40 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 29 of 58

Our read on ORCS

ETF.net Research

AA straight one-for-one short on Oracle, wrapped in a ticker any brokerage account can buy: no margin, no borrow. The exposure resets every day, so it is built as a short-term trading tool.

Stated mandate

The fund seeks daily investment results equal to 100% of the inverse of Oracle Corporation common shares. Its objective is reset daily and is designed for short-term use rather than tracking the stock over longer periods.

Why people hold it

  1. 01Costs 0.99% a year, under the 1.29% median for inverse single-stock funds and below Direxion's own MSFT bear fund, MSFD.
  2. 02Unleveraged by design: it aims for 100% of the inverse of Oracle's daily move, not double, so a bad day stings one-for-one.direxion.com
  3. 03Bearish exposure without borrowing shares or opening a margin account, and losses are limited to what you put in rather than open-ended like a direct short.direxion.com

Worth knowing

  1. 01The objective resets daily. Hold past a day and returns compound off each close, so a choppy stretch in Oracle can pull results away from the stock's inverse move.
  2. 02One company, one bet. Oracle earnings, guidance, or contract headlines drive the whole thing, with no diversification to soften the swing.
  3. 03Launched in 2025, so there is little history to judge it by, and it is smaller than long-running single-stock bear funds like TSLS and AAPD.

ORCS Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
4
Top-10 weight
1095%
Largest holding
Dreyfus Govt Cash Man Ins667.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Dreyfus Govt Cash Man Ins667.05%3,951,470$4M108
002—Dreyfus Trsry Securities Cash Mgmt290.22%1,719,226$2M84
003—Goldman Finl Sq Trsry Inst 506120.67%714,807$715K98
004—Goldman Sachs Fin Gov 465 Institut16.88%100,005$100K76

Showing 1–4 of 4 holdings

ORCS Performance

Launched Nov 19, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
ORCS$11,276
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. ORCS $11,276. SPY $11,500. Use the arrow keys to read each point.$6,462$10,628$14,795Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ORCS. Periods over one year show the average yearly return.
PeriodORCS
Year to date+12.8%
1 month+7.5%
3 months−4.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ORCS
YearReturn barORCS
2026 YTD+12.8%
2025+12.3%

Since listing, Nov 19, 2025

ORCS in the news

Filtered to ORCS · Single-Stock Inverse

ORCS Dividends

Last payment
$0.22 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.07; Mar 24, 2026 $0.16; Jun 23, 2026 $0.16; Sep 22, 2026 $0.22. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.22
Jun 23, 2026Jun 30, 2026$0.16
Mar 24, 2026Mar 31, 2026$0.16
Dec 23, 2025Dec 31, 2025$0.07

ORCS Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−2.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ORCS Cost

Expense ratio0.99%
  • The middle half of Single-Stock Inverse funds
  • Median 1.35%

3 of the 43 Single-Stock Inverse funds charge less.

ORCS costs $99.00 a year on $10,000. The median Single-Stock Inverse fund costs $135.00.

Other funds in Single-Stock Inverse

See others