ERX vs. TQQQ
Compare and contrast key facts about Direxion Daily Energy Bull 2X Shares (ERX) and ProShares UltraPro QQQ (TQQQ).
ERX and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both ERX and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ERX vs. TQQQ - Performance Comparison
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ERX vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 71.72% | 2.79% | 1.09% | -12.26% | 130.58% | 111.91% | -91.60% | 17.13% | -55.94% | -11.60% |
TQQQ ProShares UltraPro QQQ | -17.87% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Returns By Period
In the year-to-date period, ERX achieves a 71.72% return, which is significantly higher than TQQQ's -17.87% return. Over the past 10 years, ERX has underperformed TQQQ with an annualized return of -6.32%, while TQQQ has yielded a comparatively higher 35.31% annualized 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%
TQQQ
- 1D
- 3.72%
- 1M
- -12.88%
- YTD
- -17.87%
- 6M
- -17.28%
- 1Y
- 48.52%
- 3Y*
- 46.87%
- 5Y*
- 13.55%
- 10Y*
- 35.31%
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ERX vs. TQQQ - Expense Ratio Comparison
ERX has a 1.09% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Return for Risk
ERX vs. TQQQ — Risk / Return Rank
ERX
TQQQ
ERX vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.72 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.41 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.41 | 0.00 |
Martin ratioReturn relative to average drawdown | 2.87 | 4.28 | -1.41 |
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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.72 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.20 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.54 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.65 | -0.73 |
Correlation
The correlation between ERX and TQQQ is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ERX vs. TQQQ - Dividend Comparison
ERX's dividend yield for the trailing twelve months is around 1.56%, more than TQQQ's 0.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
ERX vs. TQQQ - Drawdown Comparison
The maximum ERX drawdown since its inception was -99.54%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ERX and TQQQ.
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Drawdown Indicators
| ERX | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.54% | -81.66% | -17.88% |
Max Drawdown (1Y)Largest decline over 1 year | -35.17% | -36.97% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -46.90% | -81.66% | +34.76% |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | -81.66% | -16.93% |
Current DrawdownCurrent decline from peak | -91.33% | -28.08% | -63.25% |
Average DrawdownAverage peak-to-trough decline | -66.78% | -18.66% | -48.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.26% | 12.13% | +5.13% |
Volatility
ERX vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily Energy Bull 2X Shares (ERX) is 13.01%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.74%. This indicates that ERX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERX | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.01% | 19.74% | -6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 29.14% | 38.50% | -9.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.15% | 67.35% | -17.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.18% | 66.53% | -14.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.25% | 65.83% | +3.42% |