ERY vs. DRIP
Compare and contrast key facts about Direxion Daily Energy Bear 2X Shares (ERY) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP).
ERY and DRIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERY 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. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020. Both ERY and DRIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ERY or DRIP.
Key characteristics
| ERY | DRIP | |
|---|---|---|
| YTD Return | -20.38% | -9.02% |
| 1Y Return | -20.67% | -8.78% |
| 3Y Return (Ann) | -40.45% | -39.00% |
| 5Y Return (Ann) | -45.02% | -56.22% |
| Sharpe Ratio | -0.62 | -0.22 |
| Sortino Ratio | -0.75 | -0.02 |
| Omega Ratio | 0.92 | 1.00 |
| Calmar Ratio | -0.22 | -0.10 |
| Martin Ratio | -1.10 | -0.53 |
| Ulcer Index | 19.86% | 19.24% |
| Daily Std Dev | 35.52% | 45.10% |
| Max Drawdown | -99.98% | -99.90% |
| Current Drawdown | -99.98% | -99.87% |
Correlation
The correlation between ERY and DRIP is 0.91, 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.
Performance
ERY vs. DRIP - Performance Comparison
In the year-to-date period, ERY achieves a -20.38% return, which is significantly lower than DRIP's -9.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ERY vs. DRIP - Expense Ratio Comparison
Both ERY and DRIP have an expense ratio of 1.07%.
Risk-Adjusted Performance
ERY vs. DRIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). 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.
Dividends
ERY vs. DRIP - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 5.54%, more than DRIP's 5.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 5.54% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 5.43% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
Drawdowns
ERY vs. DRIP - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.98%, roughly equal to the maximum DRIP drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for ERY and DRIP. For additional features, visit the drawdowns tool.
Volatility
ERY vs. DRIP - Volatility Comparison
The current volatility for Direxion Daily Energy Bear 2X Shares (ERY) is 11.93%, while Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a volatility of 16.61%. This indicates that ERY experiences smaller price fluctuations and is considered to be less risky than DRIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.