DRIP vs. FTXN
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and FTXN (First Trust Nasdaq Oil & Gas ETF) are both exchange-traded funds - DRIP is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (-300%), while FTXN is a Energy Equities fund tracking the Nasdaq U.S. Smart Oil & Gas Index. Both are passively managed. Over the past 5 years, DRIP returned -41.60%/yr vs 17.77%/yr for FTXN. At a correlation of -0.88, they often move in opposite directions. DRIP charges 1.07%/yr vs 0.60%/yr for FTXN.
Performance
DRIP vs. FTXN - Performance Comparison
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Returns By Period
In the year-to-date period, DRIP achieves a -50.33% return, which is significantly lower than FTXN's 32.82% return.
DRIP
- 1D
- 0.22%
- 1M
- 9.31%
- YTD
- -50.33%
- 6M
- -42.76%
- 1Y
- -57.98%
- 3Y*
- -31.50%
- 5Y*
- -41.60%
- 10Y*
- -42.45%
FTXN
- 1D
- 0.19%
- 1M
- -2.34%
- YTD
- 32.82%
- 6M
- 27.63%
- 1Y
- 42.55%
- 3Y*
- 16.12%
- 5Y*
- 17.77%
- 10Y*
- —
DRIP vs. FTXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -50.33% | -14.81% | 1.27% | -17.24% | -73.57% | -79.74% | -42.76% | -36.11% | 49.62% | -9.05% |
FTXN First Trust Nasdaq Oil & Gas ETF | 32.82% | -0.17% | 4.06% | 4.91% | 47.45% | 69.21% | -28.10% | 3.20% | -20.99% | -2.29% |
Correlation
The correlation between DRIP and FTXN is -0.94, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2016 | -0.88 |
The correlation between DRIP and FTXN has been stable across timeframes, ranging from -0.96 to -0.88 - a consistent structural relationship.
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Return for Risk
DRIP vs. FTXN — Risk / Return Rank
DRIP
FTXN
DRIP vs. FTXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and First Trust Nasdaq Oil & Gas ETF (FTXN). 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.
| DRIP | FTXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.26 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.30 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 3.15 | -4.06 |
| Martin ratioReturn relative to average drawdown | -1.69 | 8.77 | -10.46 |
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
| DRIP | FTXN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 1.87 | -2.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.61 | 0.60 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.28 | -0.70 |
Drawdowns
DRIP vs. FTXN - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than FTXN's maximum drawdown of -73.49%. Use the drawdown chart below to compare losses from any high point for DRIP and FTXN.
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Drawdown Indicators
| DRIP | FTXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -73.49% | -26.46% |
Max Drawdown (1Y)Largest decline over 1 year | -63.84% | -13.59% | -50.25% |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | -26.96% | -49.06% |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | -29.97% | -66.27% |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -7.29% | -92.65% |
Average DrawdownAverage peak-to-trough decline | -90.46% | -19.23% | -71.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.32% | 4.86% | +29.46% |
Volatility
DRIP vs. FTXN - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 19.67% compared to First Trust Nasdaq Oil & Gas ETF (FTXN) at 8.95%. This indicates that DRIP's price experiences larger fluctuations and is considered to be riskier than FTXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIP | FTXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.67% | 8.95% | +10.72% |
Volatility (6M)Calculated over the trailing 6-month period | 42.89% | 17.82% | +25.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.51% | 22.92% | +32.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 29.67% | +38.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.57% | 31.80% | +64.77% |
DRIP vs. FTXN - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than FTXN's 0.60% expense ratio.
Dividends
DRIP vs. FTXN - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.98%, more than FTXN's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.98% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% | 0.00% | 0.00% |
FTXN First Trust Nasdaq Oil & Gas ETF | 2.04% | 2.83% | 2.51% | 3.41% | 2.26% | 1.04% | 1.76% | 2.72% | 2.16% | 1.78% | 0.20% |
Frequently Asked Questions
DRIP and FTXN have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRIP has higher volatility (19.67%) compared to FTXN (8.95%). In terms of maximum drawdown, DRIP dropped -99.95% vs FTXN's -73.49%.
On 5-year performance, FTXN leads with 17.77% vs -41.60% for DRIP. On fees, FTXN is cheaper at 0.60% per year. On volatility, FTXN has been the lower-risk option at 8.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTXN has performed better with a 17.77% return vs -41.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTXN is cheaper with a 0.60% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.98%, compared with 2.04% for FTXN.
DRIP is categorized as Leveraged Equities, while FTXN is Energy Equities. DRIP tracks S&P Oil & Gas Exploration & Production Select Industry Index (-300%), while FTXN tracks Nasdaq U.S. Smart Oil & Gas Index. They also come from different issuers: Direxion and First Trust. Their fees differ too: 1.07% for DRIP and 0.60% for FTXN.
FTXN currently has the higher Sharpe Ratio (1.87 vs -1.05), 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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