ERY vs. EINC
ERY (Direxion Daily Energy Bear 2X Shares) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - ERY is a Leveraged Equities fund tracking the Energy Select Sector Index (-300%), while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. Over the past 10 years, ERY returned -33.33%/yr vs 11.04%/yr for EINC. Their -0.71 correlation means they have often moved in opposite directions in the past. ERY charges 1.07%/yr vs 0.46%/yr for EINC.
Performance
ERY vs. EINC - Performance Comparison
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Returns By Period
In the year-to-date period, ERY achieves a -42.92% return, which is significantly lower than EINC's 24.60% return. Over the past 10 years, ERY has underperformed EINC with an annualized return of -33.33%, while EINC has yielded a comparatively higher 11.04% annualized return.
ERY
- 1D
- 4.38%
- 1M
- -14.44%
- 6M
- -19.60%
- YTD
- -42.92%
- 1Y
- -49.01%
- 3Y*
- -22.65%
- 5Y*
- -39.71%
- 10Y*
- -33.33%
- ALL TIME*
- -39.06%
EINC
- 1D
- -1.74%
- 1M
- 0.75%
- 6M
- 14.53%
- YTD
- 24.60%
- 1Y
- 26.83%
- 3Y*
- 26.54%
- 5Y*
- 22.23%
- 10Y*
- 11.04%
- ALL TIME*
- 0.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $736.56K | $2.64M | $2.24M | |
| $13.32M | $13.29M | $20.42M |
ERY vs. EINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | -42.92% | -18.54% | -5.58% | -0.35% | -73.61% | -68.00% | -11.94% | -38.67% | 45.61% | -5.67% |
EINC VanEck Energy Income ETF | 24.60% | 7.11% | 42.79% | 15.55% | 19.18% | 38.05% | -19.89% | 16.98% | -19.85% | -3.45% |
Correlation
The correlation between ERY and EINC is -0.69, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.69 |
Correlation (3Y) Balances recent behavior with more history. | -0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2012 | -0.71 |
The correlation between ERY and EINC has been stable across timeframes, ranging from -0.74 to -0.65 - a consistent structural relationship.
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Return for Risk
ERY vs. EINC — Risk / Return Rank
ERY
EINC
ERY vs. EINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) and VanEck Energy Income ETF (EINC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ERY | EINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -4.31 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.30 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 3.42 | -4.28 |
| Martin ratioReturn relative to average drawdown | -1.37 | 8.30 | -9.67 |
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Drawdowns
ERY vs. EINC - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.99%, which is greater than EINC's maximum drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for ERY and EINC.
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Drawdown Indicators
| ERY | EINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -87.55% | -12.44% |
Max Drawdown (1Y)Largest decline over 1 year | -56.88% | -7.89% | -48.99% |
Max Drawdown (3Y)Largest decline over 3 years | -65.95% | -16.01% | -49.94% |
Max Drawdown (5Y)Largest decline over 5 years | -94.04% | -19.87% | -74.17% |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | -68.85% | -30.81% |
Current DrawdownCurrent decline from peak | -99.99% | -5.54% | -94.45% |
Average DrawdownAverage peak-to-trough decline | -96.93% | -43.81% | -53.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.86% | 3.24% | +32.62% |
Volatility
ERY vs. EINC - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) has a higher volatility of 12.53% compared to VanEck Energy Income ETF (EINC) at 5.14%. This indicates that ERY's price experiences larger fluctuations and is considered to be riskier than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERY | EINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.53% | 5.14% | +7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 32.70% | 12.44% | +20.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.16% | 15.55% | +26.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.37% | 19.51% | +31.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.31% | 25.33% | +44.98% |
ERY vs. EINC - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is higher than EINC's 0.46% expense ratio.
Dividends
ERY vs. EINC - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 3.23%, less than EINC's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINC VanEck Energy Income ETF | 4.31% | 4.51% | 3.33% | 3.77% | 2.89% | 6.03% | 6.69% | 9.66% | 11.31% | 8.53% | 9.71% | 28.53% |
ERY Direxion Daily Energy Bear 2X Shares | 3.23% | 3.48% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERY and EINC have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERY has higher volatility (12.53%) compared to EINC (5.14%). In terms of maximum drawdown, ERY dropped -99.99% vs EINC's -87.55%.
On 10-year performance, EINC leads with 11.04% vs -33.33% for ERY. On fees, EINC is cheaper at 0.46% per year. On volatility, EINC has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EINC has performed better with a 11.04% return vs -33.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EINC is cheaper with a 0.46% expense ratio, compared with 1.07% for ERY.
EINC has the higher dividend yield at 4.31%, compared with 3.23% for ERY.
ERY is categorized as Leveraged Equities, while EINC is Energy Equities. ERY tracks Energy Select Sector Index (-300%), while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: Direxion and VanEck. Their fees differ too: 1.07% for ERY and 0.46% for EINC.
EINC currently has the higher Sharpe Ratio (1.74 vs -1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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