ERY vs. EINC
Compare and contrast key facts about Direxion Daily Energy Bear 2X Shares (ERY) and VanEck Energy Income ETF (EINC).
ERY and EINC 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. EINC is a passively managed fund by VanEck that tracks the performance of the MVIS North America Energy Infrastructure Index. It was launched on Mar 13, 2012. Both ERY and EINC 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 EINC.
Correlation
The correlation between ERY and EINC is -0.71. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ERY vs. EINC - Performance Comparison
Key characteristics
ERY:
0.03
EINC:
2.85
ERY:
0.31
EINC:
3.75
ERY:
1.03
EINC:
1.50
ERY:
0.01
EINC:
0.84
ERY:
0.05
EINC:
19.22
ERY:
21.39%
EINC:
2.16%
ERY:
35.51%
EINC:
14.56%
ERY:
-99.98%
EINC:
-87.56%
ERY:
-99.98%
EINC:
-28.02%
Returns By Period
In the year-to-date period, ERY achieves a -0.84% return, which is significantly lower than EINC's 40.08% return. Over the past 10 years, ERY has underperformed EINC with an annualized return of -29.69%, while EINC has yielded a comparatively higher 0.20% annualized return.
ERY
-0.84%
31.44%
11.65%
1.79%
-41.02%
-29.69%
EINC
40.08%
-5.49%
20.64%
40.90%
16.43%
0.20%
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ERY vs. EINC - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is higher than EINC's 0.45% expense ratio.
Risk-Adjusted Performance
ERY vs. EINC - Risk-Adjusted Performance 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.
Dividends
ERY vs. EINC - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 3.57%, more than EINC's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 3.57% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EINC VanEck Energy Income ETF | 3.40% | 3.77% | 2.89% | 6.03% | 6.69% | 9.66% | 11.31% | 8.53% | 9.71% | 28.53% | 12.41% | 8.90% |
Drawdowns
ERY vs. EINC - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.98%, which is greater than EINC's maximum drawdown of -87.56%. Use the drawdown chart below to compare losses from any high point for ERY and EINC. For additional features, visit the drawdowns tool.
Volatility
ERY vs. EINC - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) has a higher volatility of 9.26% compared to VanEck Energy Income ETF (EINC) at 7.11%. 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.