ORCS vs SDS
Direxion Daily ORCL Bear 1X ETF compared with ProShares UltraShort S&P500 on yield, payout growth, payment schedule, cost and risk.
ORCS
Direxion Daily ORCL Bear 1X ETF
TTM yield · Quarterly
SDS
ProShares UltraShort S&P500
TTM yield · Quarterly
Quick take
- SDS yields more today: 4.55% vs 2.30% (forward).
- Both pay every quarter.
- SDS is cheaper to own: 0.91% vs 0.97% expense ratio.
- ORCS has the steadier distribution: consistency 69/100 vs 50/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | ORCS | SDS |
|---|---|---|
| Share price | $26.91 | $54.12 |
| TTM yield | 1.44% | 5.59% |
| Forward yield | 2.30% | 4.55% |
| Annual payout per share | $0.62 | $2.46 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 22, 2026 (est.) | Sep 23, 2026 (est.) |
| Expense ratio | 0.97% | 0.91% |
| 1-year payout growth | — | -48.2% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 69/100 | 50/100 |
| 1-year total return | — | -26.5% |
| 1-year price return | — | -30.4% |
| Size (market cap / AUM) | 7.9M | 365.8M |
| Years paying | 0.7 | 19.7 |
| Sector / category | Trading--Inverse Equity | Trading--Inverse Equity |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| ORCS | SDS | |
|---|---|---|
| Shares | 371.6 | 184.8 |
| Income per year | $230 | $455 |
| Income per month (avg) | $19 | $38 |
At forward yields, before taxes. Model ORCS · Model SDS
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| ORCS Sep 22, 2026 | Sep 29, 2026 | $0.155 | Est. |
| ORCS Dec 22, 2026 | Dec 29, 2026 | $0.155 | Est. |
| ORCS Mar 23, 2027 | Mar 30, 2027 | $0.155 | Est. |
| SDS Sep 23, 2026 | Oct 7, 2026 | $0.615 | Est. |
| SDS Dec 23, 2026 | Jan 6, 2027 | $0.615 | Est. |
| SDS Mar 24, 2027 | Apr 7, 2027 | $0.615 | Est. |
Annual payouts per share
ORCSSDS
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, ORCS or SDS?
SDS currently has the higher trailing yield: ORCS yields 1.44% and SDS yields 5.59%. Yield changes daily with price, so check the live figures above.
How often do ORCS and SDS pay?
ORCS pays every quarter and SDS pays every quarter. ORCS's next ex-date is Sep 22, 2026 and SDS's is Sep 23, 2026.
Is ORCS or SDS better for income?
It depends on what you are optimising for. ORCS and SDS differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.