ERX vs. TEXU
ERX (Direxion Daily Energy Bull 2X Shares) and TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) are both exchange-traded funds - ERX is a Energy Equities fund tracking the Energy Select Sector Index (200%), while TEXU is a Leveraged Equities fund tracking the S&P 500 Energy (Sector) Top 5 Equal Capped Index. Both are passively managed. Their correlation of 0.92 means they have usually moved in the same direction. ERX charges 0.91%/yr vs 0.98%/yr for TEXU.
Performance
ERX vs. TEXU - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ERX having a 58.73% return and TEXU slightly lower at 58.42%.
ERX
- 1D
- -3.72%
- 1M
- 15.60%
- 6M
- 14.96%
- YTD
- 58.73%
- 1Y
- 73.31%
- 3Y*
- 14.98%
- 5Y*
- 33.57%
- 10Y*
- -9.50%
- ALL TIME*
- -7.37%
TEXU
- 1D
- 0.50%
- 1M
- 18.59%
- 6M
- 23.62%
- YTD
- 58.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.06M | $23.66M | $27.73M | |
| $75.70K | $87.34K | $90.82K |
ERX vs. TEXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 58.73% | -0.44% |
TEXU Direxion Daily Energy Top 5 Bull 2X ETF | 58.42% | -1.42% |
Correlation
The correlation between ERX and TEXU is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.92 |
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Return for Risk
ERX vs. TEXU — Risk / Return Rank
ERX
TEXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ERX vs. TEXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). 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.
| ERX | TEXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | — | — |
| Martin ratioReturn relative to average drawdown | 6.18 | — | — |
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Drawdowns
ERX vs. TEXU - Drawdown Comparison
The maximum ERX drawdown since its inception was -99.54%, which is greater than TEXU's maximum drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for ERX and TEXU.
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Drawdown Indicators
| ERX | TEXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.54% | -31.71% | -67.83% |
Max Drawdown (1Y)Largest decline over 1 year | -29.97% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -42.34% | — | — |
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 | -91.99% | -17.58% | -74.41% |
Average DrawdownAverage peak-to-trough decline | -67.26% | -8.75% | -58.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.90% | — | — |
Volatility
ERX vs. TEXU - Volatility Comparison
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Volatility by Period
| ERX | TEXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 33.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.40% | 40.78% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.46% | 40.78% | +10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.84% | 40.78% | +28.06% |
ERX vs. TEXU - Expense Ratio Comparison
ERX has a 0.91% expense ratio, which is lower than TEXU's 0.98% expense ratio.
Dividends
ERX vs. TEXU - Dividend Comparison
ERX's dividend yield for the trailing twelve months is around 1.61%, more than TEXU's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 1.61% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
TEXU Direxion Daily Energy Top 5 Bull 2X ETF | 1.39% | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, ERX and TEXU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ERX is cheaper at 0.91% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERX is cheaper with a 0.91% expense ratio, compared with 0.98% for TEXU.
ERX has the higher dividend yield at 1.61%, compared with 1.39% for TEXU.
ERX is categorized as Energy Equities, while TEXU is Leveraged Equities. ERX tracks Energy Select Sector Index (200%), while TEXU tracks S&P 500 Energy (Sector) Top 5 Equal Capped Index. Their fees differ too: 0.91% for ERX and 0.98% for TEXU.
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