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 11.84%/yr vs -34.39%/yr for ERY. Their -0.71 correlation means they have often moved in opposite directions in the past. EINC charges 0.46%/yr vs 1.07%/yr for ERY.
Performance
EINC vs. ERY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EINC achieves a 28.58% return, which is significantly higher than ERY's -47.10% return. Over the past 10 years, EINC has outperformed ERY with an annualized return of 11.84%, while ERY has yielded a comparatively lower -34.39% annualized return.
EINC
- 1D
- 0.38%
- 1M
- 3.68%
- 6M
- 19.53%
- YTD
- 28.58%
- 1Y
- 30.49%
- 3Y*
- 27.39%
- 5Y*
- 22.71%
- 10Y*
- 11.84%
- ALL TIME*
- 1.07%
ERY
- 1D
- -1.89%
- 1M
- -20.40%
- 6M
- -30.64%
- YTD
- -47.10%
- 1Y
- -52.55%
- 3Y*
- -24.43%
- 5Y*
- -40.78%
- 10Y*
- -34.39%
- ALL TIME*
- -39.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.20M | $2.80M | $2.21M | |
| $11.99M | $13.68M | $21.59M |
EINC vs. ERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EINC VanEck Energy Income ETF | 28.58% | 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 | -47.10% | -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 -0.68, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.68 |
Correlation (3Y) Balances recent behavior with more history. | -0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2012 | -0.71 |
The correlation between EINC and ERY has been stable across timeframes, ranging from -0.74 to -0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +3.20 | ||
| Sortino ratioReturn per unit of downside risk | +4.74 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.79 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | -0.89 | +4.77 |
| Martin ratioReturn relative to average drawdown | 9.46 | -1.43 | +10.89 |
Loading charts...
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.
Loading charts...
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% | -65.95% | +49.94% |
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 | -2.52% | -99.99% | +97.47% |
Average DrawdownAverage peak-to-trough decline | -43.84% | -96.93% | +53.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 35.41% | -32.19% |
Volatility
EINC vs. ERY - Volatility Comparison
The current volatility for VanEck Energy Income ETF (EINC) is 5.57%, while Direxion Daily Energy Bear 2X Shares (ERY) has a volatility of 12.04%. 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.
Loading charts...
Volatility by Period
| EINC | ERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 12.04% | -6.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 33.16% | -20.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 42.02% | -26.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 51.40% | -31.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.33% | 70.31% | -44.98% |
EINC vs. ERY - Expense Ratio Comparison
EINC has a 0.46% 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 3.44%, less than ERY's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINC VanEck Energy Income ETF | 2.47% | 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 | 3.49% | 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 -0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERY has higher volatility (12.04%) compared to EINC (5.57%). In terms of maximum drawdown, EINC dropped -87.55% vs ERY's -99.99%.
On 10-year performance, EINC leads with 11.84% vs -34.39% for ERY. On fees, EINC is cheaper at 0.46% per year. On volatility, EINC has been the lower-risk option at 5.57%. 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 11.84% return vs -34.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EINC is cheaper with a 0.46% expense ratio, compared with 1.07% for ERY.
ERY has the higher dividend yield at 3.49%, compared with 2.47% 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: 0.46% for EINC and 1.07% for ERY.
EINC currently has the higher Sharpe Ratio (1.98 vs -1.21), 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.
Find the right allocation for EINC and ERY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer