ORCS vs SPCZ

Comparison between Direxion Daily ORCL Bear 1X ETF (ORCS, ETF) and RIVERNORTH ENHANCED PRE-MERGER SPAC ETF (SPCZ, ETF).

ORCS vs SPCZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ORCS(ETF)	SPCZ(ETF)
Net Assets	$6.30M	$6.30M
Expense Ratio	0.97%	0.90%
Max Drawdown	50.50%	12.35%
Sharpe Ratio	0.31	0.17
5Y Beta	-1.90	-0.01
P/E Ratio	N/A	34.10
Debt to Equity	N/A	-0.08%

Net Assets

ORCS

$6.30M

SPCZ

$6.30M

Expense Ratio

ORCS

0.97%

Winner

SPCZ

0.90%

Max Drawdown

ORCS

50.50%

Winner

SPCZ

12.35%

Sharpe Ratio

Winner

ORCS

0.31

SPCZ

0.17

5Y Beta

Winner

ORCS

-1.90

SPCZ

-0.01

P/E Ratio

ORCS

N/A

SPCZ

34.10

Debt to Equity

ORCS

N/A

SPCZ

-0.08%

ORCS vs SPCZ - Historical Returns

Returns include dividend reinvestment.

Period	ORCS	SPCZ
1 month	-3.84%	+0.70%
3 months	-24.99%	+1.86%
6 months	-16.36%	+1.75%
1 year	N/A	+4.85%
Max(CAGR)	+4.04%	+6.42%

ORCS

-3.84%

Winner

SPCZ

+0.70%

ORCS

-24.99%

Winner

SPCZ

+1.86%

ORCS

-16.36%

Winner

SPCZ

+1.75%

ORCS

N/A

SPCZ

+4.85%

Max(CAGR)

ORCS

+4.04%

Winner

SPCZ

+6.42%

ORCS vs SPCZ - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	ORCS	SPCZ
2026	-8.56%	+1.98%
2025	+12.36%	+10.31%
2024	N/A	+5.42%
2023	N/A	+6.01%
2022	N/A	+1.95%

ORCS vs SPCZ Drawdown Comparison

The maximum drawdown for ORCS was -50.26%, occurring on Jun 1, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPCZ was -4.47%, occurring on Sep 3, 2024. Recovery took 34 trading sessions.

The current ORCS drawdown is -34.85%. The current SPCZ drawdown is -3.41%.

Rank	ORCS	SPCZ
#1	-50.26% Feb 5, 2026 - Jun 1, 2026	-4.47% Aug 7, 2024 - Sep 25, 2024
#2	-13.55% Dec 17, 2025 - Jan 21, 2026	-3.82% Apr 29, 2026 - Jun 10, 2026
#3	-12.05% Nov 25, 2025 - Dec 12, 2025	-3.51% Jun 10, 2026 - Jun 15, 2026
#4	-4.62% Jan 21, 2026 - Jan 28, 2026	-3.50% Jun 16, 2025 - Jul 23, 2025
#5	-2.05% Dec 15, 2025 - Dec 17, 2025	-2.86% Dec 29, 2025 - Apr 29, 2026
#6	-0.98% Nov 21, 2025 - Nov 25, 2025	-1.34% Oct 18, 2024 - Dec 23, 2024
#7	N/A	-1.21% Oct 15, 2025 - Dec 29, 2025
#8	N/A	-1.11% Dec 13, 2023 - Jan 4, 2024
#9	N/A	-1.00% Jul 25, 2025 - Aug 19, 2025
#10	N/A	-0.94% Oct 23, 2023 - Nov 2, 2023
#11	N/A	-0.88% Jan 4, 2024 - Feb 9, 2024
#12	N/A	-0.87% Feb 13, 2023 - Mar 30, 2023
#13	N/A	-0.87% Oct 3, 2024 - Oct 18, 2024
#14	N/A	-0.83% Jun 11, 2025 - Jun 16, 2025
#15	N/A	-0.79% Jul 14, 2022 - Oct 19, 2022

Correlation

Correlation between ORCS and SPCZ is -0.54 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.54

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