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ORCS vs TSDD

Direxion Daily ORCL Bear 1X ETF

ORCSANasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

ORCS −0.01pt a year

ORCS0.97%TSDD0.98%

Avg volume · 30D

TSDD 194.3×the volume

ORCS56.6KTSDD11M

ORCS vs TSDD Performance

Dec 31, 2025 – Oct 30, 2026

+15.5%ORCS−20.2%TSDD

Dec 31, 2025 to Oct 30, 2026. ORCS +15.5%. TSDD −20.2%. Use the arrow keys to read each point.0%40%60%Dec 2025Jun 2026Oct 2026
Expense ratio
ORCS 0.97%, better
TSDD 0.98%
Fund size
ORCS $7M
TSDD $31M
1Y total return
ORCS No data
TSDD −24.7%
Yield (12M)
ORCS No data
TSDD 10.55%
Holdings
ORCS 4
TSDD 1
Avg volume (30D)
ORCS 56.6K sh
TSDD 11M sh, better
NAV per share
ORCS $29.11
TSDD $6.07
52W range

ETF.net Grade

ORCS: Cost 94, Risk 80, Mission 74, Tradability 33, Holdings not scored, Durability 48. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for ORCS, TSDD, with each pillar’s weight
PillarORCSTSDD
Cost30% weightA94A94
Mission25% weightA74A98Higher
Risk15% weightA80HigherC49
Tradability15% weightD33A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC48A72Higher

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 TSDD 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 ›

TSDD ranks 2nd 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 11ANVDDDirexion Daily NVDA Bear 1X ETFScore 73
  5. Rank 11AORCSDirexion Daily ORCL Bear 1X ETFScore 73
  6. Rank 13AMETDDirexion Daily META Bear 1X ETFScore 71

Our read on each fund

ETF.net Research

ORCSADirexion Daily ORCL Bear 1X ETF

TSDDAGraniteShares 2x Short TSLA 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.

TSDD Tesla bears pick their dosage; this is the double. TSDD aims for -2x TSLA's move each day, reset daily, at 0.95% net of a waiver through December 31, 2026. Designed as a short-term tool, not a buy-and-forget holding.

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.

TSDD The fund seeks daily results before fees and expenses equal to negative 200% of the daily percentage change in Tesla's common stock. It is designed as a short-term inverse leveraged vehicle.

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.
  • TSDD 0.95% net of a waiver through December 31, 2026 (1.13% gross) undercuts fellow 2x short Tesla fund TSLZ at 1.05% and matches 1x bear TSLS at 0.95%, for double the daily exposure.
  • Hews closely to its stated -2x daily target, one of the tighter implementations among single-stock bear funds.
  • Heavily traded for an inverse single-stock fund, so getting in and out is rarely a chore.
  • A 1940 Act ETF that uses swaps and options on TSLA to sit near 200% short at each close: no margin account or stock borrow on your end.graniteshares.com

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
  • TSDD The -2x target resets every day. Hold longer and compounding pulls results away from -2x TSLA's cumulative move, in either direction.graniteshares.com
  • One stock, geared twice: a sharp TSLA rally bites just as hard in reverse. Risk is the highest-octane part of this package.
  • A small fund, and the fee waiver runs through December 31, 2026; after that costs can step up toward the 1.13% gross level.

Full ORCS profile⁠

Full TSDD profile⁠

ORCS vs TSDD 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 TSDD Cost

Overpaying TSDD vs ORCS

$164

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

  • ORCS 0.97%

    $18,198

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • ORCS 0.97%
  • TSDD 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TSDD $18,362ORCS $18,198

Year by year

YearORCSTSDDOverpaying
10$1,712$1,729$17
20$6,443$6,504$61
30$18,198$18,362$164

Expense ratio

  • 0.97%ORCS, cheaper
  • 0.98%TSDD
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

ORCS 4th cheapest of 43 funds

TSDD 5th cheapest of 43 funds

ORCS vs TSDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ORCS No data
TSDD 10.55%
Payout (12M)
ORCS No data
TSDD $0.65
Last payment
ORCS $0.22
TSDD $0.65
Ex-dividend
ORCS Sep 22, 2026
TSDD Dec 29, 2025
Paid on
ORCS Sep 29, 2026
TSDD Dec 31, 2025
Frequency
ORCS Quarterly
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

ORCSQuarterly · 4 paymentsAll ORCS payments⁠
One bar per payment. 4 payments from 2023 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$5020232026YTD
TSDDIrregular · 2 paymentsAll TSDD payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 27, 2023 $77.34; Dec 29, 2025 $0.65. Use the arrow keys to read each point.$0$5020232026YTD

ORCS vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ORCS No dataTSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
ORCS No dataTSDD −0.87
Worst fallMax drawdown, 5 years
ORCS No dataTSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
ORCS −2.04TSDD −2.40

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