ORCS ETF — Direxion Daily ORCL Bear 1X ETF

Direxion Daily ORCL Bear 1X ETF (ORCS)

Updated October 16, 2026.

ORCS is an ETF linked to Oracle (ORCL). its distribution rate is 2.76%, its trailing-12-month yield is 1.90%, its expense ratio is 0.97%. Total return is 34.1% over the past 0.9 years, 76.5 points ahead of ORCL at -42.4%.

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

Price and return data through 2026-10-16.

Total return is 34.1% over the past 0.9 years, 76.5 points ahead of ORCL at -42.4%. Its deepest 1-year drawdown was 50.3%.

ORCS key facts

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

11/18/2025

Expense ratio

0.97%

Distribution rate

2.76%

Distribution frequency

Quarterly

Trailing yield

1.90%

Last close

$32.06 (as of 2026-10-16)

AUM

$5,892,693

Average volume

13905.0

Dividend

$0.221

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

-2.0429

How Dividend Vision calculates yield and returns

Distribution rate (2.76%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.90%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

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. The deepest 1-year drawdown on record here is 50.3%.

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.

More on ORCS

• All tickers starting with O

Tagged: Short, Single.

Frequently asked questions

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