ERX vs. OILU
Compare and contrast key facts about Direxion Daily Energy Bull 2X Shares (ERX) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU).
ERX and OILU 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. OILU is managed by BMO. It was launched on Mar 24, 2017.
Performance
ERX vs. OILU - Performance Comparison
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ERX vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 71.72% | 2.79% | 1.09% | -12.26% | 130.58% | -10.49% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 112.51% | -16.50% | -21.65% | -32.50% | 151.08% | -17.87% |
Returns By Period
In the year-to-date period, ERX achieves a 71.72% return, which is significantly lower than OILU's 112.51% return.
ERX
- 1D
- -7.39%
- 1M
- 7.35%
- YTD
- 71.72%
- 6M
- 71.12%
- 1Y
- 48.19%
- 3Y*
- 21.00%
- 5Y*
- 34.47%
- 10Y*
- -6.32%
OILU
- 1D
- -10.60%
- 1M
- 12.27%
- YTD
- 112.51%
- 6M
- 100.08%
- 1Y
- 45.27%
- 3Y*
- 7.13%
- 5Y*
- —
- 10Y*
- —
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ERX vs. OILU - Expense Ratio Comparison
ERX has a 1.09% expense ratio, which is higher than OILU's 0.95% expense ratio.
Return for Risk
ERX vs. OILU — Risk / Return Rank
ERX
OILU
ERX vs. OILU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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.
| ERX | OILU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.59 | +0.38 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.19 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.91 | +0.50 |
Martin ratioReturn relative to average drawdown | 2.87 | 1.54 | +1.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERX | OILU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.59 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.20 | -0.29 |
Correlation
The correlation between ERX and OILU is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ERX vs. OILU - Dividend Comparison
ERX's dividend yield for the trailing twelve months is around 1.56%, while OILU has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 1.56% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ERX vs. OILU - Drawdown Comparison
The maximum ERX drawdown since its inception was -99.54%, which is greater than OILU's maximum drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for ERX and OILU.
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Drawdown Indicators
| ERX | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.54% | -81.00% | -18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -35.17% | -52.04% | +16.87% |
Max Drawdown (5Y)Largest decline over 5 years | -46.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | — | — |
Current DrawdownCurrent decline from peak | -91.33% | -42.85% | -48.48% |
Average DrawdownAverage peak-to-trough decline | -66.78% | -50.72% | -16.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.26% | 30.74% | -13.48% |
Volatility
ERX vs. OILU - Volatility Comparison
The current volatility for Direxion Daily Energy Bull 2X Shares (ERX) is 13.01%, while MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a volatility of 19.90%. This indicates that ERX experiences smaller price fluctuations and is considered to be less risky than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERX | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.01% | 19.90% | -6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 29.14% | 43.84% | -14.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.15% | 77.03% | -26.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.18% | 81.31% | -29.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.25% | 81.31% | -12.06% |