ORLG ETF — Holdings & Analysis

With an expense ratio of 0.75% and an AUM of $0.00B, ORLG utilizes leverage to amplify returns, making it a high-risk, high-reward option for sophisticated investors. The fund's top holding is First American Treasury Obligs X (FXFXX) at 13.52%. Past performance does not guarantee future results.

Leverage Shares 2x Long ORLY Daily ETF (ORLG) ETF — Price, Holdings & Analysis

The Leverage Shares 2x Long ORLY Daily ETF (ORLG) is designed for active traders seeking magnified short-term exposure to ORLY stock. Launched in January 2026 by LeverageShares, ORLG aims to deliver two times the daily performance of ORLY, before fees. With an expense ratio of 0.75% and an AUM of $0.00B, ORLG utilizes leverage to amplify returns, making it a high-risk, high-reward option for sophisticated investors. The fund's top holding is First American Treasury Obligs X (FXFXX) at 13.52%. Past performance does not guarantee future results.

ETF Overview

The Leverage Shares 2x Long ORLY Daily ETF (ORLG) is a 2x Daily Leveraged (Bull) ETF designed for active traders seeking to magnify short-term results. The ORLG ETF aims to achieve two times (200%) the daily performance of ORLY stock, minus fees and expenses.

The Leverage Shares 2x Long ORLY Daily ETF (ORLG) offers a leveraged approach to investing in ORLY stock, targeting a 200% daily return. This ETF is tailored for experienced traders who actively monitor their positions and understand the risks associated with leveraged products. ORLG is not intended for long-term buy-and-hold investors due to the effects of compounding and potential for significant losses. The fund's strategy involves using financial derivatives and other instruments to achieve its 2x daily leverage target. A significant portion of the fund's assets are held in First American Treasury Obligs X (FXFXX), comprising 13.52% of the portfolio, which is used for collateral and liquidity management. With its entire country exposure focused outside the U.S., ORLG presents a concentrated and specialized investment vehicle. Past performance does not guarantee future results.

Risk Metrics

ORLG carries substantial risks due to its leveraged nature. The 2x daily leverage can lead to amplified gains, but also magnified losses, potentially exceeding the initial investment. The fund's expense ratio of 0.75% further erodes returns, especially if the leveraged strategy does not perform as expected. Concentration risk is evident, as the fund focuses solely on achieving leveraged exposure to ORLY stock. The fund's beta is not available, but as a leveraged product, it is expected to exhibit significantly higher volatility than the underlying asset. The daily reset feature of leveraged ETFs can result in performance divergence from the target over longer periods due to compounding effects. These factors make ORLG suitable only for risk-tolerant investors with a short-term trading horizon. Past performance does not guarantee future results.

Expense Ratio

0.75%

What does ORLG hold?

Holding	Weight
First American Treasury Obligs X (FXFXX)	13.52%

How Is the Fund Allocated?

Country	Weight
Other	100.0%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Leverage Shares 2x Long SPOT Daily ETF (SPOG) (Equity) — 0.75% expense ratio
Leverage Shares 2x Long SBUX Daily ETF (SBU) (Equity) — 0.75% expense ratio
Leverage Shares 2X Long NU Daily ETF (NUG) (Equity) — 0.75% expense ratio
Leverage Shares 2x Long CRWV Daily ETF (CRWG) (Equity) — 0.75% expense ratio
Leverage Shares 2x Long XPEV Daily ETF (XPEG) (Equity) — 0.75% expense ratio
Leverage Shares 2x Long ADBE Daily ETF (ADBG) (Equity) — 0.75% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is ORLG and what does it track?

The Leverage Shares 2x Long ORLY Daily ETF (ORLG) is a leveraged exchange-traded fund designed to provide two times (200%) the daily performance of ORLY stock. It aims to magnify the daily gains of ORLY for active traders.

ORLG is not designed for long-term investing due to the effects of compounding and the potential for significant losses in volatile markets.

What is the expense ratio for ORLG?

The expense ratio for ORLG is 0.75%. This means that for every $10,000 invested, $75 is deducted annually to cover the fund's operating expenses.

While this is higher than some broad market ETFs, it is somewhat typical for leveraged ETFs due to the complexities and costs associated with maintaining the leveraged exposure.

What are the top holdings in ORLG?

As of March 15, 2026, the top holding in ORLG is First American Treasury Obligs X (FXFXX), comprising 13.52% of the fund's assets.

This holding likely serves as collateral for the leveraged positions the fund takes to achieve its 2x daily return target.

Is ORLG a good long-term investment?

ORLG is generally not considered suitable for long-term investment. Its leveraged nature and daily rebalancing can lead to significant performance divergence from the underlying ORLY stock over extended periods.

The effects of compounding can erode returns in volatile markets, and the potential for magnified losses is substantial. The fund's high expense ratio of 0.75% also detracts from long-term returns.

How does ORLG compare to similar ETFs?

ORLG distinguishes itself through its specific focus on providing 2x daily leveraged exposure to ORLY stock. Other leveraged ETFs may track different underlying assets, offer different multiples of leverage (e.g., 3x), or employ different investment strategies.

The expense ratio of 0.75% is within the typical range for leveraged ETFs.

Does ORLG pay dividends?

According to the provided data, ORLG has a dividend yield of 0.00%. This indicates that the fund does not currently distribute any dividends to its shareholders.

The fund's primary objective is to provide leveraged exposure to ORLY stock, rather than generating income. Investors seeking dividend income may want to consider alternative investments that prioritize dividend payouts.