Direxion Daily Energy Bull 2X Shares (ERX) belongs to the Leveraged 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 1.09% annually. There are 286 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 44.22M | Mar 2026 | ERX vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 49.31M | Sep 2021 | ERX vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 257.66M | May 2014 | ERX vs SPUU | |
| Leverage Shares 2X Long BE Daily ETF | 0.75% | 23.28M | Dec 2025 | ERX vs BEG | |
| Leverage Shares 2X Long NBIS Daily ETF | 0.75% | 117.50M | Oct 2025 | ERX vs NBIG |
Best Risk-Adjusted Alternatives to ERX
ERX has a PortfoliosLab risk / return rank of 49. There are 60 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 98 | 6.16B | Oct 2024 | ERX vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 923.53M | Nov 2024 | ERX vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.82M | Apr 2021 | ERX vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.50M | Apr 2021 | ERX vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 96 | 509.42M | Feb 2025 | ERX vs INTW |
Top Performing ERX Alternatives (YTD)
ERX is at 54.81% YTD. There are 50 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 668.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 668.23% | 162.40M | Feb 2025 | ERX vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 523.19% | 6.16B | Oct 2024 | ERX vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 504.58% | 923.53M | Nov 2024 | ERX vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 391.36% | 101.49M | Nov 2025 | ERX vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 391.12% | 509.42M | Feb 2025 | ERX vs INTW |
Lowest Volatility Alternatives to ERX
ERX has 42.19% 1-year volatility. There are 91 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.76% | 22.82M | Apr 2021 | ERX vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.21% | 20.50M | Apr 2021 | ERX vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.39% | 13.45M | Jul 2021 | ERX vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.51% | 20.95M | Jul 2021 | ERX vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.54% | 69.49M | Apr 2021 | ERX vs XDSQ |
Lowest Drawdown Alternatives to ERX
ERX has a 1-year max drawdown of -29.97%. There are 64 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.82M | Apr 2021 | ERX vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.50M | Apr 2021 | ERX vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.45M | Jul 2021 | ERX vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.95M | Jul 2021 | ERX vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.49M | Apr 2021 | ERX vs XDSQ |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 9 categories. AUM among these funds goes as high as $25B.
Often Compared With ERX
Investors most often compare ERX with GUSH, DIG, XLE. These 20 comparison targets span 7 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