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ORCS vs SKHZ

Direxion Daily ORCL Bear 1X ETF

ORCSANasdaq

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Overlap

Expense ratio

SKHZ −0.22pt a year

ORCS0.97%SKHZ0.75%

Avg volume · 30D

SKHZ 33.5×the volume

ORCS56.6KSKHZ1.9M

ORCS vs SKHZ Performance

Jul 31, 2026 – Oct 30, 2026

−7.4%ORCS−15.5%SKHZ

Jul 31, 2026 to Oct 30, 2026. ORCS −7.4%. SKHZ −15.5%. Use the arrow keys to read each point.−30%−20%0%Jul 2026Sep 2026Oct 2026
Expense ratio
ORCS 0.97%
SKHZ 0.75%, better
Fund size
ORCS $7M
SKHZ $4M
Holdings
ORCS 4
SKHZ 2
Avg volume (30D)
ORCS 56.6K sh
SKHZ 1.9M sh, better
NAV per share
ORCS $29.11
SKHZ $11.21
52W range

ETF.net Grade

ORCS: Cost 94, Risk 80, Mission 74, Tradability 33, Holdings not scored, Durability 48. SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20.
Pillar letters and Scores for ORCS, SKHZ, with each pillar’s weight
PillarORCSSKHZ
Cost30% weightA94A100Higher
Mission25% weightA74Not scored
Risk15% weightA80HigherA75
Tradability15% weightD33A71Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC48HigherF20

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ORCS and SKHZ are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

SKHZ ranks 3rd and ORCS 11th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 81
  4. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  5. Rank 11ANVDDDirexion Daily NVDA Bear 1X ETFScore 73
  6. Rank 11AORCSDirexion Daily ORCL Bear 1X ETFScore 73
  7. Rank 13AMETDDirexion Daily META Bear 1X ETFScore 71

Our read on each fund

ETF.net Research

ORCSADirexion Daily ORCL Bear 1X ETF

SKHZALeverage Shares 1X Short SK Hynix Daily ETF

In short

ORCS The unleveraged short on Oracle. ORCS aims to deliver 100% of the inverse of ORCL's move each day, reset daily, so bearish exposure arrives as a regular ETF share instead of a margin ticket and a stock borrow.

SKHZ No data

Stated mandate

ORCS 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.

SKHZ No data

Why people hold it

  • ORCS 0.97% net of a waiver through September 1, 2027 (0.99% gross), below the category's typical fee and in line with Direxion siblings AAPD at 0.96% and TSLS at 0.95%.
  • Short exposure in a plain ETF share: no margin account to maintain, no shares to locate and borrow, no dividends owed on a short position.direxion.comsec.gov
  • One times inverse, not two or three. It targets the opposite of Oracle's daily move one-for-one, the mildest gear on a single-stock shelf mostly built for amplified bets.direxion.com
  • Lands in the top quartile of its single-stock bear peer group, helped by sitting on the cheaper side of a category where fees do real damage.

SKHZ No data

Worth knowing

  • ORCS Daily reset. Hold past one session and returns compound day by day, which can land far from -100% of Oracle's move over the stretch, especially in a choppy tape.sec.gov
  • Young (launched November 2025) and moderately traded, so the bid/ask spread is part of what you pay getting in and out.
  • One stock, one direction. Oracle's own headlines drive the whole ride, with no diversification in the portfolio to soften a surprise.sec.gov

SKHZ No data

Full ORCS profile⁠

Full SKHZ profile⁠

ORCS vs SKHZ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ORCS vs SKHZ Cost

Overpaying ORCS vs SKHZ

$3,716

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ORCS 0.97%

    $18,198

  • SKHZ 0.75%

    $14,482

$10,000
30 years

Cost over time

  • ORCS 0.97%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ORCS $18,198SKHZ $14,482

Year by year

YearORCSSKHZOverpaying
10$1,712$1,336$376
20$6,443$5,078$1,365
30$18,198$14,482$3,716

Expense ratio

  • 0.97%ORCS
  • 0.75%SKHZ, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

ORCS 4th cheapest of 43 funds

ORCS vs SKHZ Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
ORCS No data
SKHZ None
Last payment
ORCS $0.22
SKHZ No data
Ex-dividend
ORCS Sep 22, 2026
SKHZ No data
Paid on
ORCS Sep 29, 2026
SKHZ No data
Frequency
ORCS Quarterly
SKHZ No data

Distribution history

Per share, 2025 to 2026, same scale for both

ORCSQuarterly · 4 paymentsAll ORCS payments⁠
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.$0$0.252026YTD
SKHZAll SKHZ payments⁠

No distribution history available.

ORCS vs SKHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
ORCS −2.04SKHZ 0.00

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