ERY vs. ERX
Compare and contrast key facts about Direxion Daily Energy Bear 2X Shares (ERY) and Direxion Daily Energy Bull 2X Shares (ERX).
ERY and ERX 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. ERX 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. Both ERY and ERX 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 ERX.
Key characteristics
| ERY | ERX | |
|---|---|---|
| YTD Return | -20.34% | 20.43% |
| 1Y Return | -23.47% | 24.83% |
| 3Y Return (Ann) | -39.42% | 29.77% |
| 5Y Return (Ann) | -44.36% | -14.24% |
| 10Y Return (Ann) | -30.27% | -21.03% |
| Sharpe Ratio | -0.65 | 0.68 |
| Sortino Ratio | -0.80 | 1.11 |
| Omega Ratio | 0.91 | 1.14 |
| Calmar Ratio | -0.23 | 0.25 |
| Martin Ratio | -1.17 | 1.87 |
| Ulcer Index | 19.72% | 12.93% |
| Daily Std Dev | 35.54% | 35.52% |
| Max Drawdown | -99.98% | -99.54% |
| Current Drawdown | -99.98% | -94.15% |
Correlation
The correlation between ERY and ERX is -1.00. 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. ERX - Performance Comparison
In the year-to-date period, ERY achieves a -20.34% return, which is significantly lower than ERX's 20.43% return. Over the past 10 years, ERY has underperformed ERX with an annualized return of -30.27%, while ERX has yielded a comparatively higher -21.03% 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. ERX - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is lower than ERX's 1.09% expense ratio.
Risk-Adjusted Performance
ERY vs. ERX - 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 Energy Bull 2X Shares (ERX). 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. ERX - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 5.54%, more than ERX's 2.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 5.54% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% | 0.00% |
ERX Direxion Daily Energy Bull 2X Shares | 2.54% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
Drawdowns
ERY vs. ERX - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.98%, roughly equal to the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for ERY and ERX. For additional features, visit the drawdowns tool.
Volatility
ERY vs. ERX - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) and Direxion Daily Energy Bull 2X Shares (ERX) have volatilities of 11.85% and 11.65%, 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.