DRKY vs. ERX

Last updated Jul 17, 2026

DRKY (VistaShares Target 15 Druckenmiller Macro Distribution ETF) and ERX (Direxion Daily Energy Bull 2X Shares) are both exchange-traded funds - DRKY is a Derivative Income fund actively managed by VistaShares, while ERX is a Leveraged Equities fund tracking the Energy Select Sector Index (300%). DRKY is actively managed, while ERX is passively managed. At a correlation of -0.21, they often move in opposite directions. DRKY charges 0.95%/yr vs 1.09%/yr for ERX.

Performance

DRKY vs. ERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY) and Direxion Daily Energy Bull 2X Shares (ERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRKY achieves a 1.19% return, which is significantly lower than ERX's 57.54% return.

DRKY

• 1D: -2.11%
• 1M: 3.16%
• 6M: -1.19%
• YTD: 1.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ERX

• 1D: 1.76%
• 1M: 6.94%
• 6M: 39.75%
• YTD: 57.54%
• 1Y: 68.66%
• 3Y*: 19.68%
• 5Y*: 34.10%
• 10Y*: -10.35%

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

DRKY vs. ERX - Yearly Performance Comparison

	2026 (YTD)	2025
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF	1.19%	11.81%
ERX Direxion Daily Energy Bull 2X Shares	57.54%	-0.55%

Correlation

The correlation between DRKY and ERX is -0.21, 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 (All Time) Calculated using the full available price history since Oct 8, 2025	-0.21

Return for Risk

DRKY vs. ERX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRKY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ERX

ERX Risk / Return Rank: 54
ERX Sharpe Ratio Rank: 62
ERX Sortino Ratio Rank: 53
ERX Omega Ratio Rank: 50
ERX Calmar Ratio Rank: 57
ERX Martin Ratio Rank: 45

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.

DRKY vs. ERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY) and Direxion Daily Energy Bull 2X Shares (ERX). 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.

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.

	DRKY	ERX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.12	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.30	—
Martin ratio: Return relative to average drawdown	—	5.95	—

Drawdowns

DRKY vs. ERX - Drawdown Comparison

The maximum DRKY drawdown since its inception was -15.68%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for DRKY and ERX.

Drawdown Indicators

	DRKY	ERX	Difference
Max Drawdown Largest peak-to-trough decline	-15.68%	-99.54%	+83.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-29.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.59%	—
Current Drawdown Current decline from peak	-4.02%	-92.05%	+88.03%
Average Drawdown Average peak-to-trough decline	-4.31%	-67.18%	+62.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.57%	—

Volatility

Volatility by Period

	DRKY	ERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.12%	42.09%	-20.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.12%	51.72%	-30.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	68.92%	-47.80%

DRKY vs. ERX - Expense Ratio Comparison

DRKY has a 0.95% expense ratio, which is lower than ERX's 1.09% expense ratio.

Dividends

DRKY vs. ERX - Dividend Comparison

DRKY's dividend yield for the trailing twelve months is around 11.45%, more than ERX's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF	11.45%	3.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ERX Direxion Daily Energy Bull 2X Shares	1.62%	2.54%	2.94%	3.17%	2.23%	2.16%	2.35%	1.56%	3.10%	0.85%

Frequently Asked Questions

Can I hold both DRKY and ERX in my portfolio?

DRKY and ERX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRKY or ERX?

On fees, DRKY is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRKY or ERX?

DRKY is cheaper with a 0.95% expense ratio, compared with 1.09% for ERX.

Which ETF pays a higher dividend yield, DRKY or ERX?

DRKY has the higher dividend yield at 11.45%, compared with 1.62% for ERX.

What is the main difference between DRKY and ERX?

DRKY is categorized as Derivative Income, while ERX is Leveraged Equities. They also come from different issuers: VistaShares and Direxion. Their fees differ too: 0.95% for DRKY and 1.09% for ERX.