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EINC vs. ERY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

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.

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Returns By Period

In the year-to-date period, EINC achieves a 25.97% return, which is significantly higher than ERY's -37.05% return. Over the past 10 years, EINC has outperformed ERY with an annualized return of 12.03%, while ERY has yielded a comparatively lower -33.21% annualized return.


EINC

1D
1.37%
1M
-4.50%
YTD
25.97%
6M
25.98%
1Y
29.82%
3Y*
30.36%
5Y*
21.18%
10Y*
12.03%

ERY

1D
-2.05%
1M
15.94%
YTD
-37.05%
6M
-37.59%
1Y
-42.88%
3Y*
-25.97%
5Y*
-36.31%
10Y*
-33.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EINC vs. ERY - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
EINC
VanEck Energy Income ETF
25.97%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
-37.05%-18.54%-5.58%-0.35%-73.61%-68.00%-11.94%-38.67%45.61%-5.67%

Correlation

The correlation between EINC and ERY is -0.63, 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

-0.63

Correlation (3Y)
Calculated over the trailing 3-year period

-0.65

Correlation (5Y)
Calculated over the trailing 5-year period

-0.75

Correlation (10Y)
Calculated over the trailing 10-year period

-0.73

Correlation (All Time)
Calculated using the full available price history since Mar 13, 2012

-0.70

The correlation between EINC and ERY shifts across timeframes, from -0.75 (5 years) to -0.63 (1 year), reflecting how their relationship changes across market environments.

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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: 6464
Overall Rank
EINC Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
EINC Sortino Ratio Rank: 6060
Sortino Ratio Rank
EINC Omega Ratio Rank: 6060
Omega Ratio Rank
EINC Calmar Ratio Rank: 7777
Calmar Ratio Rank
EINC Martin Ratio Rank: 5757
Martin Ratio Rank

ERY
ERY Risk / Return Rank: 22
Overall Rank
ERY Sharpe Ratio Rank: 11
Sharpe Ratio Rank
ERY Sortino Ratio Rank: 11
Sortino Ratio Rank
ERY Omega Ratio Rank: 22
Omega Ratio Rank
ERY Calmar Ratio Rank: 33
Calmar Ratio Rank
ERY Martin Ratio Rank: 22
Martin Ratio Rank
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.

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.


EINCERYDifference
Sharpe ratioReturn per unit of total volatility

+3.03

Sortino ratioReturn per unit of downside risk

+4.28

Omega ratioGain probability vs. loss probability

1.35

0.83

+0.51

Calmar ratioReturn relative to maximum drawdown

3.80

-0.76

+4.55

Martin ratioReturn relative to average drawdown

9.63

-1.35

+10.98

EINC vs. ERY - Sharpe Ratio Comparison

The current EINC Sharpe Ratio is 1.99, which is higher than the ERY Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of EINC and ERY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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.


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Drawdown Indicators


EINCERYDifference

Max Drawdown

Largest peak-to-trough decline

-87.55%

-99.99%

+12.44%

Max Drawdown (1Y)

Largest decline over 1 year

-7.89%

-56.88%

+48.99%

Max Drawdown (3Y)

Largest decline over 3 years

-16.01%

-67.94%

+51.93%

Max Drawdown (5Y)

Largest decline over 5 years

-19.87%

-94.04%

+74.17%

Max Drawdown (10Y)

Largest decline over 10 years

-68.85%

-99.66%

+30.81%

Current Drawdown

Current decline from peak

-4.50%

-99.99%

+95.49%

Average Drawdown

Average peak-to-trough decline

-44.15%

-96.91%

+52.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

31.69%

-28.59%

Volatility

EINC vs. ERY - Volatility Comparison

The current volatility for VanEck Energy Income ETF (EINC) is 6.51%, while Direxion Daily Energy Bear 2X Shares (ERY) has a volatility of 14.26%. 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.


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Volatility by Period


EINCERYDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.51%

14.26%

-7.75%

Volatility (6M)

Calculated over the trailing 6-month period

11.88%

33.31%

-21.43%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

41.74%

-26.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.54%

51.84%

-32.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.43%

70.55%

-45.12%

EINC vs. ERY - Expense Ratio Comparison

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


Dividends

EINC vs. ERY - Dividend Comparison

EINC's dividend yield for the trailing twelve months is around 3.51%, more than ERY's 3.30% yield.


PositionTTM20252024202320222021202020192018201720162015
EINC
VanEck Energy Income ETF
3.51%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
3.30%3.48%4.13%4.14%0.32%0.00%0.43%1.50%0.56%0.00%0.00%0.00%

Frequently Asked Questions


EINC and ERY have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ERY has higher volatility (14.26%) compared to EINC (6.51%). In terms of maximum drawdown, EINC dropped -87.55% vs ERY's -99.99%.

On 10-year performance, EINC leads with 12.03% vs -33.21% for ERY. On fees, EINC is cheaper at 0.45% per year. On volatility, EINC has been the lower-risk option at 6.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EINC has performed better with a 12.03% return vs -33.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EINC is cheaper with a 0.45% expense ratio, compared with 1.07% for ERY.

EINC has the higher dividend yield at 3.51%, compared with 3.30% for ERY.

EINC is categorized as Energy Equities, while ERY is Leveraged Equities. EINC tracks MVIS North America Energy Infrastructure Index, while ERY tracks Energy Select Sector Index (-300%). They also come from different issuers: VanEck and Direxion. Their fees differ too: 0.45% for EINC and 1.07% for ERY.

EINC currently has the higher Sharpe Ratio (1.99 vs -1.04), 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.

Portfolio Optimizer

Find the right allocation for EINC and ERY

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