ORCS ETF — Direxion Daily ORCL Bear 1X ETF

Direxion Daily ORCL Bear 1X ETF (ORCS)

ORCS is an ETF that tracks the Oracle (ORCL). As of August 19, 2026, its distribution rate is 2.05%, its trailing-12-month yield is 1.28%, its expense ratio is 0.97%. Fund total return is 25.8% over the past 0.7 years, 61.9 points ahead of ORCL at -36.1%.

At the current 2.05% distribution rate, a $10,000 investment would generate approximately $205 per year, or $17.08 per month on an equivalent basis. Actual quarterly payments vary.

This ETF seeks daily inverse (opposite) exposure to Oracle stock, using financial instruments including swaps and options to deliver short performance. It distributes quarterly at a modest current distribution rate, with an expense ratio of 0.97%. It appeals to traders and investors seeking tactical bearish positions or hedges against Oracle holdings in the short term, though the daily rebalancing approach and leverage mechanics are suited to experienced investors with specific short-term objectives rather than long-term buy-and-hold strategies.

ORCS performance versus ORCL

Data as of August 19, 2026.

Fund total return is 25.8% over the past 0.7 years, 61.9 points ahead of ORCL at -36.1%.

ORCS key facts

Data as of August 19, 2026.

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

11/18/2025

Expense ratio

0.97%

Distribution rate

2.05%

Distribution frequency

Quarterly

Trailing yield

1.28%

Last close

$30.32

AUM

$8,843,416

Average volume

22780.0

Last dividend

$0.1550

Ex-dividend date

06/23/2026

Payment date

06/30/2026

Beta

-2.0429

How Dividend Vision calculates yield and returns

Distribution rate (2.05%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.28%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Direxion; Index: Oracle (ORCL); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ORCS risks and drawbacks

ORCS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund.

Who may consider ORCS — and who may not

ORCS may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (ORCS pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Direxion.