ERX vs. ERY
Compare and contrast key facts about Direxion Daily Energy Bull 2X Shares (ERX) and Direxion Daily Energy Bear 2X Shares (ERY).
ERX and ERY 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. ERY 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. Both ERX and ERY 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 ERY.
Correlation
The correlation between ERX and ERY is -0.65. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ERX vs. ERY - Performance Comparison
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Key characteristics
ERX:
-0.58
ERY:
0.36
ERX:
-0.47
ERY:
0.85
ERX:
0.93
ERY:
1.10
ERX:
-0.28
ERY:
0.15
ERX:
-1.65
ERY:
1.15
ERX:
16.27%
ERY:
12.79%
ERX:
49.80%
ERY:
49.57%
ERX:
-99.54%
ERY:
-99.98%
ERX:
-95.67%
ERY:
-99.98%
Returns By Period
In the year-to-date period, ERX achieves a -11.87% return, which is significantly lower than ERY's -0.85% return. Over the past 10 years, ERX has outperformed ERY with an annualized return of -20.94%, while ERY has yielded a comparatively lower -29.29% annualized return.
ERX
-11.87%
13.50%
-26.02%
-27.68%
28.99%
-20.94%
ERY
-0.85%
-12.67%
17.52%
16.18%
-45.81%
-29.29%
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ERX vs. ERY - Expense Ratio Comparison
ERX has a 1.09% expense ratio, which is higher than ERY's 1.07% expense ratio.
Risk-Adjusted Performance
ERX vs. ERY — Risk-Adjusted Performance Rank
ERX
ERY
ERX vs. ERY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) 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.
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Dividends
ERX vs. ERY - Dividend Comparison
ERX's dividend yield for the trailing twelve months is around 3.22%, less than ERY's 4.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 3.22% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
ERY Direxion Daily Energy Bear 2X Shares | 4.15% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% | 0.00% |
Drawdowns
ERX vs. ERY - Drawdown Comparison
The maximum ERX drawdown since its inception was -99.54%, roughly equal to the maximum ERY drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for ERX and ERY. For additional features, visit the drawdowns tool.
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Volatility
ERX vs. ERY - Volatility Comparison
Direxion Daily Energy Bull 2X Shares (ERX) has a higher volatility of 19.70% compared to Direxion Daily Energy Bear 2X Shares (ERY) at 18.10%. This indicates that ERX's price experiences larger fluctuations and is considered to be riskier than ERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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