ERX vs. BOIL
Compare and contrast key facts about Direxion Daily Energy Bull 2X Shares (ERX) and ProShares Ultra Bloomberg Natural Gas (BOIL).
ERX and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERX 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. BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011. Both ERX and BOIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ERX or BOIL.
Key characteristics
| ERX | BOIL | |
|---|---|---|
| YTD Return | 22.74% | -71.75% |
| 1Y Return | 26.10% | -83.39% |
| 3Y Return (Ann) | 32.05% | -80.81% |
| 5Y Return (Ann) | -13.34% | -68.71% |
| 10Y Return (Ann) | -20.46% | -62.57% |
| Sharpe Ratio | 0.60 | -0.86 |
| Sortino Ratio | 1.02 | -1.90 |
| Omega Ratio | 1.13 | 0.80 |
| Calmar Ratio | 0.22 | -0.84 |
| Martin Ratio | 1.64 | -1.25 |
| Ulcer Index | 13.01% | 67.46% |
| Daily Std Dev | 35.47% | 98.42% |
| Max Drawdown | -99.54% | -100.00% |
| Current Drawdown | -94.04% | -100.00% |
Correlation
The correlation between ERX and BOIL is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ERX vs. BOIL - Performance Comparison
In the year-to-date period, ERX achieves a 22.74% return, which is significantly higher than BOIL's -71.75% return. Over the past 10 years, ERX has outperformed BOIL with an annualized return of -20.46%, while BOIL has yielded a comparatively lower -62.57% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ERX vs. BOIL - Expense Ratio Comparison
ERX has a 1.09% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Risk-Adjusted Performance
ERX vs. BOIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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.
Dividends
ERX vs. BOIL - Dividend Comparison
ERX's dividend yield for the trailing twelve months is around 2.49%, while BOIL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 2.49% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ERX vs. BOIL - Drawdown Comparison
The maximum ERX drawdown since its inception was -99.54%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ERX and BOIL. For additional features, visit the drawdowns tool.
Volatility
ERX vs. BOIL - Volatility Comparison
The current volatility for Direxion Daily Energy Bull 2X Shares (ERX) is 9.72%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 30.60%. This indicates that ERX experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.