ERX vs. XDQQ
Compare and contrast key facts about Direxion Daily Energy Bull 2X Shares (ERX) and Innovator Growth Accelerated ETF - Quarterly (XDQQ).
ERX and XDQQ 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. XDQQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
ERX vs. XDQQ - Performance Comparison
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ERX vs. XDQQ - 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% | 21.78% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | -5.48% | 13.75% | 31.47% | 30.15% | -33.74% | 18.29% |
Returns By Period
In the year-to-date period, ERX achieves a 71.72% return, which is significantly higher than XDQQ's -5.48% 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%
XDQQ
- 1D
- 1.03%
- 1M
- -5.50%
- YTD
- -5.48%
- 6M
- -1.65%
- 1Y
- 16.74%
- 3Y*
- 17.89%
- 5Y*
- —
- 10Y*
- —
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ERX vs. XDQQ - Expense Ratio Comparison
ERX has a 1.09% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Return for Risk
ERX vs. XDQQ — Risk / Return Rank
ERX
XDQQ
ERX vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) and Innovator Growth Accelerated ETF - Quarterly (XDQQ). 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 | XDQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.78 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.27 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.38 | +0.03 |
Martin ratioReturn relative to average drawdown | 2.87 | 6.03 | -3.16 |
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 | XDQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.78 | +0.18 |
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 | 0.38 | -0.47 |
Correlation
The correlation between ERX and XDQQ is 0.18, 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.
Dividends
ERX vs. XDQQ - Dividend Comparison
ERX's dividend yield for the trailing twelve months is around 1.56%, while XDQQ 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% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ERX vs. XDQQ - Drawdown Comparison
The maximum ERX drawdown since its inception was -99.54%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for ERX and XDQQ.
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Drawdown Indicators
| ERX | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.54% | -35.63% | -63.91% |
Max Drawdown (1Y)Largest decline over 1 year | -35.17% | -12.64% | -22.53% |
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% | -7.84% | -83.49% |
Average DrawdownAverage peak-to-trough decline | -66.78% | -11.14% | -55.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.26% | 2.88% | +14.38% |
Volatility
ERX vs. XDQQ - Volatility Comparison
Direxion Daily Energy Bull 2X Shares (ERX) has a higher volatility of 13.01% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 7.13%. This indicates that ERX's price experiences larger fluctuations and is considered to be riskier than XDQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERX | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.01% | 7.13% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 29.14% | 12.80% | +16.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.15% | 21.42% | +28.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.18% | 19.95% | +32.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.25% | 19.95% | +49.30% |