EINC vs. ERY

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Energy Income ETF (EINC) and Direxion Daily Energy Bear 2X Shares (ERY).

EINC and ERY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EINC is a passively managed fund by VanEck that tracks the performance of the MVIS North America Energy Infrastructure Index. It was launched on Mar 13, 2012. ERY is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (-300%). It was launched on Apr 1, 2020. Both EINC and ERY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EINC vs. ERY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Energy Income ETF (EINC) and Direxion Daily Energy Bear 2X Shares (ERY). The values are adjusted to include any dividend payments, if applicable.

EINC vs. ERY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EINC VanEck Energy Income ETF	20.92%	7.11%	42.79%	15.55%	19.18%	38.05%	-19.89%	16.98%	-19.85%	-3.45%
ERY Direxion Daily Energy Bear 2X Shares	-44.19%	-18.54%	-5.58%	-0.35%	-73.61%	-68.00%	-11.94%	-38.67%	45.61%	-5.67%

Returns By Period

In the year-to-date period, EINC achieves a 20.92% return, which is significantly higher than ERY's -44.19% return. Over the past 10 years, EINC has outperformed ERY with an annualized return of 13.69%, while ERY has yielded a comparatively lower -36.24% annualized return.

EINC

• 1D: -1.73%
• 1M: -0.19%
• YTD: 20.92%
• 6M: 19.84%
• 1Y: 20.49%
• 3Y*: 29.03%
• 5Y*: 23.58%
• 10Y*: 13.69%

ERY

• 1D: 7.30%
• 1M: -8.10%
• YTD: -44.19%
• 6M: -44.94%
• 1Y: -44.52%
• 3Y*: -26.22%
• 5Y*: -40.95%
• 10Y*: -36.24%

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

EINC vs. ERY - Expense Ratio Comparison

EINC has a 0.45% expense ratio, which is lower than ERY's 1.07% expense ratio.

ERY

Direxion Daily Energy Bear 2X Shares

EINC

VanEck Energy Income ETF

Return for Risk

EINC vs. ERY — Risk / Return Rank

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

EINC

EINC Risk / Return Rank: 56
EINC Sharpe Ratio Rank: 62
EINC Sortino Ratio Rank: 53
EINC Omega Ratio Rank: 60
EINC Calmar Ratio Rank: 53
EINC Martin Ratio Rank: 50

ERY

ERY Risk / Return Rank: 1
ERY Sharpe Ratio Rank: 1
ERY Sortino Ratio Rank: 1
ERY Omega Ratio Rank: 1
ERY Calmar Ratio Rank: 2
ERY Martin Ratio Rank: 2

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.

EINC vs. ERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Energy Income ETF (EINC) and Direxion Daily Energy Bear 2X Shares (ERY). 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.

	EINC	ERY	Difference
Sharpe ratio Return per unit of total volatility	1.13	-0.90	+2.02
Sortino ratio Return per unit of downside risk	1.48	-1.40	+2.88
Omega ratio Gain probability vs. loss probability	1.23	0.84	+0.39
Calmar ratio Return relative to maximum drawdown	1.45	-0.68	+2.13
Martin ratio Return relative to average drawdown	5.03	-1.32	+6.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EINC vs. ERY - Sharpe Ratio Comparison

The current EINC Sharpe Ratio is 1.13, which is higher than the ERY Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of EINC and ERY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EINC	ERY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	-0.90	+2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.22	-0.79	+2.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	-0.51	+1.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.55	+0.58

Correlation

The correlation between EINC and ERY is -0.70. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

EINC vs. ERY - Dividend Comparison

EINC's dividend yield for the trailing twelve months is around 3.81%, more than ERY's 3.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.81%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
ERY Direxion Daily Energy Bear 2X Shares	3.73%	3.48%	4.13%	4.14%	0.32%	0.00%	0.43%	1.50%	0.56%	0.00%	0.00%	0.00%

Drawdowns

EINC vs. ERY - Drawdown Comparison

The maximum EINC drawdown since its inception was -87.55%, smaller than the maximum ERY drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for EINC and ERY.

Drawdown Indicators

	EINC	ERY	Difference
Max Drawdown Largest peak-to-trough decline	-87.55%	-99.99%	+12.44%
Max Drawdown (1Y) Largest decline over 1 year	-14.67%	-65.95%	+51.28%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-94.36%	+74.49%
Max Drawdown (10Y) Largest decline over 10 years	-68.85%	-99.66%	+30.81%
Current Drawdown Current decline from peak	-4.88%	-99.99%	+95.11%
Average Drawdown Average peak-to-trough decline	-44.78%	-96.89%	+52.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	34.29%	-30.07%

Volatility

EINC vs. ERY - Volatility Comparison

The current volatility for VanEck Energy Income ETF (EINC) is 3.66%, while Direxion Daily Energy Bear 2X Shares (ERY) has a volatility of 12.55%. This indicates that EINC experiences smaller price fluctuations and is considered to be less risky than ERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EINC	ERY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	12.55%	-8.89%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	28.79%	-18.64%
Volatility (1Y) Calculated over the trailing 1-year period	18.27%	49.79%	-31.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.47%	52.11%	-32.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.48%	70.72%	-45.24%