Direxion Daily Energy Bull 2X Shares (ERX) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ERX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ERX
ERX charges 0.91% annually. There are 90 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.08% | 38.64B | Dec 1998 | ERX vs XLE | |
| Fidelity MSCI Energy Index ETF | 0.08% | 1.75B | Oct 2013 | ERX vs FENY | |
| Vanguard Energy ETF | 0.09% | 11.00B | Sep 2004 | ERX vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 416.91M | Nov 2025 | ERX vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | ERX vs GXPE |
Best Risk-Adjusted Alternatives to ERX
ERX has a PortfoliosLab risk / return rank of 64. There are 31 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 94 | 251.28M | Aug 2015 | ERX vs CRAK | |
| FT Energy Income Partners Strategy ETF | 91 | 563.46M | Nov 2022 | ERX vs EIPX | |
| Invesco Dynamic Oil & Gas Services ETF | 91 | 61.59M | Oct 2005 | ERX vs PXJ | |
| VanEck Natural Resources ETF | 88 | 301.41M | Aug 2008 | ERX vs HAP | |
| State Street Energy Select Sector SPDR Premium Inc... | 87 | 47.69M | Jul 2025 | ERX vs XLEI |
Top Performing ERX Alternatives (YTD)
ERX is at 64.87% YTD. There is 1 ETF in the Energy Equities category with a higher YTD return, going as high as 84.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | 84.63% | 65.33M | Nov 2021 | ERX vs OILU | |
| Direxion Daily Energy Top 5 Bull 2X ETF | 58.42% | 2.82M | Oct 2025 | ERX vs TEXU | |
| Invesco Dynamic Oil & Gas Services ETF | 47.13% | 61.59M | Oct 2005 | ERX vs PXJ | |
| WEBs Energy XLE Defined Volatility ETF | 46.82% | — | Jul 2025 | ERX vs DVXE | |
| VanEck Oil Refiners ETF | 45.15% | 251.28M | Aug 2015 | ERX vs CRAK |
Lowest Volatility Alternatives to ERX
ERX has 42.22% 1-year volatility. There are 84 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Solar ETF | 0.00% | 5.05M | Sep 2021 | ERX vs RAYS | |
| Macquarie Global Listed Infrastructure ETF | 10.96% | 6.30M | Nov 2023 | ERX vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.39% | 563.46M | Nov 2022 | ERX vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.58% | 1.31B | Nov 2022 | ERX vs BKGI | |
| TrueShares Eagle Global Next Gen Power Infrastruct... | 11.93% | 5.84M | Dec 2022 | ERX vs PWRZ |
Lowest Drawdown Alternatives to ERX
ERX has a 1-year max drawdown of -29.97%. There are 65 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -5.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -5.17% | 563.46M | Nov 2022 | ERX vs EIPX | |
| Westwood Salient Enhanced Midstream Income ETF | -5.98% | 152.76M | Apr 2024 | ERX vs MDST | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | ERX vs BILD | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.31B | Nov 2022 | ERX vs BKGI | |
| Tortoise Electrification Infrastructure ETF | -6.63% | 129.10M | Dec 2024 | ERX vs TPZ |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 8 categories. AUM among these funds goes as high as $20B.
Often Compared With ERX
Investors most often compare ERX with GUSH, DIG, UCO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare ERX with Any Fund or Stock
Compare ERX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ERX with funds that move differently
Direxion Daily Energy Bull 2X Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ERX.
Explore ERX Diversifiers