- ISIN
- US25459W8881
- CUSIP
- 25459W888
- Issuer
- Direxion
- Inception Date
- Apr 1, 2020
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- Energy Select Sector Index (300%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $271M
Share Price Chart
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Performance
ERX Performance Chart
Direxion Daily Energy Bull 2X Shares (ERX) is up 60.0% since the beginning of the year. ERX is currently trading at $89 per share. Investors who bought $1,000 worth of ERX shares 5 years ago would now be looking at an investment worth $3,433.
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Returns By Period
Direxion Daily Energy Bull 2X Shares (ERX) has returned 59.95% so far this year and 70.63% over the past 12 months. Over the last ten years, ERX has returned -9.35% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
Direxion Daily Energy Bull 2X Shares
- 1D
- 1.73%
- 1M
- -1.29%
- YTD
- 59.95%
- 6M
- 56.17%
- 1Y
- 70.63%
- 3Y*
- 20.97%
- 5Y*
- 27.98%
- 10Y*
- -9.35%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
ERX Monthly Returns History
Based on dividend-adjusted daily data since Nov 19, 2008, ERX's average daily return is +0.08%, while the average monthly return is +1.48%. At this rate, an investment would double in approximately 3.9 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2020 with a return of +62.5%, while the worst month was Mar 2020 at -86.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ERX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +40.3%, while the worst single day was Mar 9, 2020 at -60.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 29.10% | 19.11% | 20.58% | -5.90% | -11.93% | 4.09% | 59.95% | ||||||
| 2025 | 3.88% | 6.83% | 6.35% | -28.69% | 1.78% | 9.08% | 5.04% | 6.49% | -1.21% | -3.60% | 4.73% | -1.39% | 2.79% |
| 2024 | -1.93% | 5.75% | 21.61% | -2.61% | -1.57% | -3.49% | 3.58% | -5.10% | -6.70% | 0.86% | 15.23% | -18.71% | 1.09% |
| 2023 | 4.46% | -14.23% | -1.37% | 4.77% | -19.97% | 13.07% | 15.30% | 2.60% | 4.09% | -12.20% | -2.33% | -0.81% | -12.26% |
| 2022 | 39.98% | 13.98% | 18.06% | -4.07% | 31.74% | -32.56% | 18.30% | 4.20% | -19.59% | 53.89% | 1.29% | -7.03% | 130.58% |
| 2021 | 6.62% | 48.24% | 4.74% | 0.34% | 11.22% | 7.75% | -16.81% | -4.64% | 17.65% | 20.76% | -10.45% | 5.49% | 111.91% |
Benchmark Metrics
Direxion Daily Energy Bull 2X Shares has an annualized alpha of -17.63%, beta of 2.80, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since November 19, 2008.
- This ETF participated in 230.55% of S&P 500 Index downside but only 228.52% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -17.63% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.80 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -17.63%
- Beta
- 2.80
- R²
- 0.51
- Upside Capture
- 228.52%
- Downside Capture
- 230.55%
Expense Ratio
ERX has a high expense ratio of 1.09%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ERX ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ERX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.53 | +0.51 |
| Martin ratioReturn relative to average drawdown | 7.87 | 11.37 | -3.50 |
Dividends
Dividend History
Direxion Daily Energy Bull 2X Shares provided a 1.68% dividend yield over the last twelve months, with an annual payout of $1.49 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.49 | $1.42 | $1.64 | $1.80 | $1.49 | $0.64 | $0.34 | $2.73 | $4.70 | $2.98 |
Dividend yield | 1.68% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily Energy Bull 2X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $0.52 | ||||||
| 2025 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.27 | $1.42 |
| 2024 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.32 | $1.64 |
| 2023 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.37 | $1.80 |
| 2022 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.33 | $1.49 |
| 2021 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.19 | $0.64 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily Energy Bull 2X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily Energy Bull 2X Shares was 99.54%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current Direxion Daily Energy Bull 2X Shares drawdown is 91.93%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -99.54%Mar 2020 | 5y 9mo | — | 11y 11moJun 2014 - now |
2011 bear market2011 | -69.51%Oct 2011 | 5mo 4d | 2y 6mo | 2y 11moMay 2011 - Apr 2014 |
Financial crisis2007–2009 | -66.34%Mar 2009 | 3mo 7d | 7mo 18d | 10mo 25dNov 2008 - Oct 2009 |
2010 bear market2010 | -51.85%Jul 2010 | 2mo 7d | 4mo 12d | 6mo 19dApr 2010 - Nov 2010 |
Financial crisis2007–2009 | -43.29%Nov 2008 | 1d | 6d | 7dNov 2008 - Nov 2008 |
Drawdown Indicators
| ERX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.54% | -56.78% | -42.76% |
Max Drawdown (1Y)Largest decline over 1 year | -23.34% | -9.10% | -14.24% |
Max Drawdown (3Y)Largest decline over 3 years | -42.34% | -18.90% | -23.44% |
Max Drawdown (5Y)Largest decline over 5 years | -46.90% | -25.43% | -21.47% |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | -33.92% | -64.67% |
Current DrawdownCurrent decline from peak | -91.93% | -2.34% | -89.59% |
Average DrawdownAverage peak-to-trough decline | -67.06% | -10.72% | -56.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.00% | 2.02% | +6.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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