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EINC vs. ERY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EINC vs. ERY

Last updated Jun 3, 2026

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 11.66%/yr vs -34.11%/yr for ERY. At a correlation of -0.71, they often move in opposite directions. EINC charges 0.45%/yr vs 1.07%/yr for ERY.

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 25.23% return, which is significantly higher than ERY's -42.92% return. Over the past 10 years, EINC has outperformed ERY with an annualized return of 11.66%, while ERY has yielded a comparatively lower -34.11% annualized return.

EINC

1D
1.47%
1M
-0.74%
YTD
25.23%
6M
25.97%
1Y
27.63%
3Y*
29.35%
5Y*
21.20%
10Y*
11.66%

ERY

1D
-2.17%
1M
2.17%
YTD
-42.92%
6M
-42.97%
1Y
-52.95%
3Y*
-27.19%
5Y*
-37.83%
10Y*
-34.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EINC vs. ERY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EINC
VanEck Energy Income ETF		25.23%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		-42.92%-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 -0.62, 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

-0.62

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 14, 2012

-0.71

The correlation between EINC and ERY shifts across timeframes, from -0.75 (5 years) to -0.62 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Energy Income ETF

Direxion Daily Energy Bear 2X Shares

Often compared with EINC:
EINC vs. XLEEINC vs. BIZDEINC vs. EMLPEINC vs. SMHEINC vs. IXCEINC vs. VPUEINC vs. PDI
Often compared with ERY:
ERY vs. ERXERY vs. DRIPERY vs. DUGERY vs. TECLERY vs. XLEERY vs. SPYERY vs. CRAK

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: 5858
Overall Rank
EINC Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
EINC Sortino Ratio Rank: 5252
Sortino Ratio Rank
EINC Omega Ratio Rank: 5252
Omega Ratio Rank
EINC Calmar Ratio Rank: 7272
Calmar Ratio Rank
EINC Martin Ratio Rank: 5858
Martin Ratio Rank
ERY
ERY Risk / Return Rank: 11
Overall Rank
ERY Sharpe Ratio Rank: 00
Sharpe Ratio Rank
ERY Sortino Ratio Rank: 00
Sortino Ratio Rank
ERY Omega Ratio Rank: 11
Omega Ratio Rank
ERY Calmar Ratio Rank: 11
Calmar Ratio Rank
ERY Martin Ratio Rank: 11
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.

EINCERYDifference

Sharpe ratio

Return per unit of total volatility

1.89

-1.30

+3.19

Sortino ratio

Return per unit of downside risk

2.56

-2.24

+4.80

Omega ratio

Gain probability vs. loss probability

1.33

0.77

+0.56

Calmar ratio

Return relative to maximum drawdown

3.70

-0.91

+4.61

Martin ratio

Return relative to average drawdown

10.32

-1.64

+11.96

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 1.89, which is higher than the ERY Sharpe Ratio of -1.30. 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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Sharpe Ratios by Period

EINCERYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.89

-1.30

+3.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.09

-0.73

+1.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

-0.48

+0.94

Sharpe Ratio (All Time)

Calculated using the full available price history

0.04

-0.55

+0.58

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%

-59.79%

+51.90%

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

-5.06%

-99.99%

+94.93%

Average Drawdown

Average peak-to-trough decline

-44.30%

-96.92%

+52.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

33.10%

-30.27%

Volatility

EINC vs. ERY - Volatility Comparison

The current volatility for VanEck Energy Income ETF (EINC) is 6.40%, while Direxion Daily Energy Bear 2X Shares (ERY) has a volatility of 15.97%. 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

6.40%

15.97%

-9.57%

Volatility (6M)

Calculated over the trailing 6-month period

11.56%

32.73%

-21.17%

Volatility (1Y)

Calculated over the trailing 1-year period

14.75%

40.86%

-26.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.58%

51.88%

-32.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.44%

70.65%

-45.21%

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 3.53%, less than ERY's 3.64% yield.

PositionTTM20252024202320222021202020192018201720162015
EINC
VanEck Energy Income ETF		3.53%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		3.64%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 -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ERY has higher volatility (15.97%) compared to EINC (6.40%). In terms of maximum drawdown, EINC dropped -87.55% vs ERY's -99.99%.

On 10-year performance, EINC leads with 11.66% vs -34.11% for ERY. On fees, EINC is cheaper at 0.45% per year. On volatility, EINC has been the lower-risk option at 6.40%. 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 11.66% return vs -34.11%. 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.

ERY has the higher dividend yield at 3.64%, compared with 3.53% for EINC.

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 (1.89 vs -1.30), 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

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