ERX vs. XDSQ
Compare and contrast key facts about Direxion Daily Energy Bull 2X Shares (ERX) and Innovator US Equity Accelerated ETF (XDSQ).
ERX and XDSQ 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. XDSQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
ERX vs. XDSQ - Performance Comparison
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ERX vs. XDSQ - 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% |
XDSQ Innovator US Equity Accelerated ETF | -4.22% | 14.22% | 23.12% | 23.00% | -16.78% | 12.75% |
Returns By Period
In the year-to-date period, ERX achieves a 71.72% return, which is significantly higher than XDSQ's -4.22% 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%
XDSQ
- 1D
- 0.71%
- 1M
- -5.75%
- YTD
- -4.22%
- 6M
- -0.33%
- 1Y
- 14.44%
- 3Y*
- 14.44%
- 5Y*
- —
- 10Y*
- —
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ERX vs. XDSQ - Expense Ratio Comparison
ERX has a 1.09% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Return for Risk
ERX vs. XDSQ — Risk / Return Rank
ERX
XDSQ
ERX vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) and Innovator US Equity Accelerated ETF (XDSQ). 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 | XDSQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.81 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.27 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.21 | +0.20 |
Martin ratioReturn relative to average drawdown | 2.87 | 5.87 | -3.00 |
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 | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.81 | +0.16 |
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 | 0.61 | -0.69 |
Correlation
The correlation between ERX and XDSQ is 0.31, 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. XDSQ - Dividend Comparison
ERX's dividend yield for the trailing twelve months is around 1.56%, while XDSQ 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% |
XDSQ Innovator US Equity Accelerated ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ERX vs. XDSQ - Drawdown Comparison
The maximum ERX drawdown since its inception was -99.54%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for ERX and XDSQ.
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Drawdown Indicators
| ERX | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.54% | -26.06% | -73.48% |
Max Drawdown (1Y)Largest decline over 1 year | -35.17% | -12.18% | -22.99% |
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% | -6.46% | -84.87% |
Average DrawdownAverage peak-to-trough decline | -66.78% | -5.08% | -61.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.26% | 2.50% | +14.76% |
Volatility
ERX vs. XDSQ - Volatility Comparison
Direxion Daily Energy Bull 2X Shares (ERX) has a higher volatility of 13.01% compared to Innovator US Equity Accelerated ETF (XDSQ) at 5.68%. This indicates that ERX's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERX | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.01% | 5.68% | +7.33% |
Volatility (6M)Calculated over the trailing 6-month period | 29.14% | 9.63% | +19.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.15% | 17.99% | +32.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.18% | 15.32% | +36.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.25% | 15.32% | +53.93% |