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ISIN
US25459W8881
CUSIP
25459W888
Issuer
Direxion
Inception Date
Apr 1, 2020
Region
North America (U.S.)
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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202629.10%19.11%20.58%-5.90%-11.93%4.09%59.95%
20253.88%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%
20234.46%-14.23%-1.37%4.77%-19.97%13.07%15.30%2.60%4.09%-12.20%-2.33%-0.81%-12.26%
202239.98%13.98%18.06%-4.07%31.74%-32.56%18.30%4.20%-19.59%53.89%1.29%-7.03%130.58%
20216.62%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
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.


ERX Risk / Return Rank: 5454
Overall Rank
ERX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
ERX Sortino Ratio Rank: 5050
Sortino Ratio Rank
ERX Omega Ratio Rank: 4646
Omega Ratio Rank
ERX Calmar Ratio Rank: 6767
Calmar Ratio Rank
ERX Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


ERXBenchmarkDifference
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.


1.00%1.50%2.00%2.50%3.00%$0.00$1.00$2.00$3.00$4.00$5.00201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM202520242023202220212020201920182017
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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 4d2y 6mo
2y 11moMay 2011 - Apr 2014
Financial crisis2007–2009
-66.34%Mar 2009
3mo 7d7mo 18d
10mo 25dNov 2008 - Oct 2009
2010 bear market2010
-51.85%Jul 2010
2mo 7d4mo 12d
6mo 19dApr 2010 - Nov 2010
Financial crisis2007–2009
-43.29%Nov 2008
1d6d
7dNov 2008 - Nov 2008

Drawdown Indicators


ERXBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-91.93%

-2.34%

-89.59%

Average Drawdown

Average peak-to-trough decline

-67.06%

-10.72%

-56.34%

Ulcer Index

Depth 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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Portfolio Analyzer

Build a portfolio with ERX

Add Direxion Daily Energy Bull 2X Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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