ERY vs. DUG
Compare and contrast key facts about Direxion Daily Energy Bear 2X Shares (ERY) and ProShares UltraShort Oil & Gas (DUG).
ERY and DUG 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. DUG is a passively managed fund by ProShares that tracks the performance of the DJ Global United States (All) / Oil & Gas -IND (-200%). It was launched on Jan 30, 2007. Both ERY and DUG 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 DUG.
Key characteristics
| ERY | DUG | |
|---|---|---|
| YTD Return | -21.29% | -22.26% |
| 1Y Return | -22.81% | -25.01% |
| 3Y Return (Ann) | -40.72% | -41.06% |
| 5Y Return (Ann) | -45.05% | -46.65% |
| 10Y Return (Ann) | -30.59% | -27.75% |
| Sharpe Ratio | -0.69 | -0.75 |
| Sortino Ratio | -0.87 | -1.00 |
| Omega Ratio | 0.91 | 0.89 |
| Calmar Ratio | -0.24 | -0.27 |
| Martin Ratio | -1.23 | -1.30 |
| Ulcer Index | 19.79% | 20.37% |
| Daily Std Dev | 35.57% | 35.33% |
| Max Drawdown | -99.98% | -99.86% |
| Current Drawdown | -99.98% | -99.85% |
Correlation
The correlation between ERY and DUG is 0.99, 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. DUG - Performance Comparison
The year-to-date returns for both stocks are quite close, with ERY having a -21.29% return and DUG slightly lower at -22.26%. Over the past 10 years, ERY has underperformed DUG with an annualized return of -30.59%, while DUG has yielded a comparatively higher -27.75% annualized 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. DUG - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is higher than DUG's 0.95% expense ratio.
Risk-Adjusted Performance
ERY vs. DUG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) and ProShares UltraShort Oil & Gas (DUG). 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. DUG - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 5.61%, more than DUG's 4.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 5.61% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% |
DUG ProShares UltraShort Oil & Gas | 4.82% | 1.86% | 0.07% | 0.00% | 0.10% | 0.46% | 0.10% |
Drawdowns
ERY vs. DUG - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.98%, roughly equal to the maximum DUG drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for ERY and DUG. For additional features, visit the drawdowns tool.
Volatility
ERY vs. DUG - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) and ProShares UltraShort Oil & Gas (DUG) have volatilities of 11.86% and 11.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.