EINC vs. ERY
EINC (VanEck Energy Income ETF) and ERY (Direxion Daily Energy Bear 2X Shares) are both exchange-traded funds - EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index, while ERY is a Leveraged Equities fund tracking the Energy Select Sector Index (-300%). Both are passively managed. Over the past 10 years, EINC returned 12.03%/yr vs -33.21%/yr for ERY. At a correlation of -0.70, they often move in opposite directions. EINC charges 0.45%/yr vs 1.07%/yr for ERY.
Performance
EINC vs. ERY - Performance Comparison
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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%
EINC vs. ERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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
EINC
ERY
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.
| EINC | ERY | Difference | |
|---|---|---|---|
| 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 |
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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
| EINC | ERY | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -4.50% | -99.99% | +95.49% |
Average DrawdownAverage peak-to-trough decline | -44.15% | -96.91% | +52.76% |
Ulcer IndexDepth 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
| EINC | ERY | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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