ERY vs. FSELX
ERY (Direxion Daily Energy Bear 2X Shares) and FSELX (Fidelity Select Semiconductors Portfolio) are both funds - ERY is a Leveraged Equities fund tracking the Energy Select Sector Index (-300%), while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, ERY returned -33.15%/yr vs 39.01%/yr for FSELX. At a correlation of -0.45, they often move in opposite directions. ERY charges 1.07%/yr vs 0.68%/yr for FSELX.
Performance
ERY vs. FSELX - Performance Comparison
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Returns By Period
In the year-to-date period, ERY achieves a -42.37% return, which is significantly lower than FSELX's 83.08% return. Over the past 10 years, ERY has underperformed FSELX with an annualized return of -33.15%, while FSELX has yielded a comparatively higher 39.01% annualized return.
ERY
- 1D
- 4.02%
- 1M
- -2.73%
- YTD
- -42.37%
- 6M
- -40.31%
- 1Y
- -53.41%
- 3Y*
- -26.88%
- 5Y*
- -37.56%
- 10Y*
- -33.15%
FSELX
- 1D
- -1.79%
- 1M
- 17.72%
- YTD
- 83.08%
- 6M
- 79.03%
- 1Y
- 159.53%
- 3Y*
- 68.91%
- 5Y*
- 45.84%
- 10Y*
- 39.01%
ERY vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | -42.37% | -18.54% | -5.58% | -0.35% | -73.61% | -68.00% | -11.94% | -38.67% | 45.61% | -5.67% |
FSELX Fidelity Select Semiconductors Portfolio | 83.08% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Correlation
The correlation between ERY and FSELX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2008 | -0.45 |
The correlation between ERY and FSELX shifts across timeframes, from -0.45 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ERY vs. FSELX — Risk / Return Rank
ERY
FSELX
ERY vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) and Fidelity Select Semiconductors Portfolio (FSELX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ERY | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.17 | ||
| Sortino ratioReturn per unit of downside risk | -7.18 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.66 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 11.04 | -11.96 |
| Martin ratioReturn relative to average drawdown | -1.69 | 42.36 | -44.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERY | FSELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.31 | 4.86 | -6.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.73 | 1.18 | -1.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.47 | 1.12 | -1.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 0.55 | -1.09 |
Drawdowns
ERY vs. FSELX - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.99%, which is greater than FSELX's maximum drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for ERY and FSELX.
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Drawdown Indicators
| ERY | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -82.54% | -17.45% |
Max Drawdown (1Y)Largest decline over 1 year | -58.18% | -14.38% | -43.80% |
Max Drawdown (3Y)Largest decline over 3 years | -67.94% | -36.31% | -31.63% |
Max Drawdown (5Y)Largest decline over 5 years | -94.04% | -46.37% | -47.67% |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | -46.37% | -53.29% |
Current DrawdownCurrent decline from peak | -99.99% | -1.79% | -98.20% |
Average DrawdownAverage peak-to-trough decline | -96.93% | -28.70% | -68.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.64% | 3.74% | +29.90% |
Volatility
ERY vs. FSELX - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) has a higher volatility of 14.54% compared to Fidelity Select Semiconductors Portfolio (FSELX) at 12.23%. This indicates that ERY's price experiences larger fluctuations and is considered to be riskier than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERY | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 12.23% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 32.77% | 25.52% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.82% | 32.70% | +8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.90% | 38.96% | +12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.61% | 35.06% | +35.55% |
ERY vs. FSELX - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is higher than FSELX's 0.68% expense ratio.
Dividends
ERY vs. FSELX - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 3.61%, less than FSELX's 8.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 3.61% | 3.48% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% | 0.00% | 0.00% | 0.00% |
FSELX Fidelity Select Semiconductors Portfolio | 8.95% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
Frequently Asked Questions
ERY and FSELX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERY has higher volatility (14.54%) compared to FSELX (12.23%). In terms of maximum drawdown, ERY dropped -99.99% vs FSELX's -82.54%.
FSELX currently has the higher Sharpe Ratio (4.86 vs -1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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