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 -32.85%/yr vs 11.78%/yr for EINC. At a correlation of -0.71, they often move in opposite directions. ERY charges 1.07%/yr vs 0.45%/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 -42.31% return, which is significantly lower than EINC's 29.71% return. Over the past 10 years, ERY has underperformed EINC with an annualized return of -32.85%, while EINC has yielded a comparatively higher 11.78% annualized return.
ERY
- 1D
- -1.91%
- 1M
- -7.31%
- 6M
- -34.09%
- YTD
- -42.31%
- 1Y
- -47.55%
- 3Y*
- -25.66%
- 5Y*
- -40.21%
- 10Y*
- -32.85%
EINC
- 1D
- 1.39%
- 1M
- 5.79%
- 6M
- 28.55%
- YTD
- 29.71%
- 1Y
- 33.52%
- 3Y*
- 29.16%
- 5Y*
- 23.13%
- 10Y*
- 11.78%
ERY vs. EINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | -42.31% | -18.54% | -5.58% | -0.35% | -73.61% | -68.00% | -11.94% | -38.67% | 45.61% | -5.67% |
EINC VanEck Energy Income ETF | 29.71% | 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 -0.67, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | -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 -0.75 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 | -3.32 | ||
| Sortino ratioReturn per unit of downside risk | -4.80 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.38 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 4.27 | -5.11 |
| Martin ratioReturn relative to average drawdown | -1.41 | 10.48 | -11.89 |
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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% | -1.67% | -98.32% |
Average DrawdownAverage peak-to-trough decline | -96.92% | -43.97% | -52.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.66% | 3.21% | +30.45% |
Volatility
ERY vs. EINC - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) has a higher volatility of 12.72% compared to VanEck Energy Income ETF (EINC) at 5.40%. 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 | 12.72% | 5.40% | +7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 33.06% | 12.38% | +20.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.83% | 15.45% | +26.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.63% | 19.58% | +32.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.39% | 25.33% | +45.06% |
ERY vs. EINC - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is higher than EINC's 0.45% expense ratio.
Dividends
ERY vs. EINC - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 3.20%, less than EINC's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINC VanEck Energy Income ETF | 3.41% | 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 | 3.20% | 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 -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERY has higher volatility (12.72%) compared to EINC (5.40%). In terms of maximum drawdown, ERY dropped -99.99% vs EINC's -87.55%.
On 10-year performance, EINC leads with 11.78% vs -32.85% for ERY. On fees, EINC is cheaper at 0.45% per year. On volatility, EINC has been the lower-risk option at 5.40%. 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 11.78% return vs -32.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EINC is cheaper with a 0.45% expense ratio, compared with 1.07% for ERY.
EINC has the higher dividend yield at 3.41%, compared with 3.20% 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 0.45% for EINC.
EINC currently has the higher Sharpe Ratio (2.18 vs -1.14), 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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