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ERY vs. ERX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.0-1.0

Performance

ERY vs. ERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Energy Bear 2X Shares (ERY) and Direxion Daily Energy Bull 2X Shares (ERX). The values are adjusted to include any dividend payments, if applicable.

-100.00%-95.00%-90.00%-85.00%-80.00%JulyAugustSeptemberOctoberNovemberDecember
-99.97%
-84.86%
ERY
ERX

Key characteristics

Sharpe Ratio

ERY:

0.03

ERX:

-0.16

Sortino Ratio

ERY:

0.31

ERX:

0.02

Omega Ratio

ERY:

1.03

ERX:

1.00

Calmar Ratio

ERY:

0.01

ERX:

-0.06

Martin Ratio

ERY:

0.05

ERX:

-0.40

Ulcer Index

ERY:

21.39%

ERX:

13.97%

Daily Std Dev

ERY:

35.51%

ERX:

35.56%

Max Drawdown

ERY:

-99.98%

ERX:

-99.54%

Current Drawdown

ERY:

-99.98%

ERX:

-95.33%

Returns By Period

In the year-to-date period, ERY achieves a -0.84% return, which is significantly higher than ERX's -3.91% return. Over the past 10 years, ERY has underperformed ERX with an annualized return of -29.69%, while ERX has yielded a comparatively higher -20.74% annualized return.


ERY

YTD

-0.84%

1M

31.44%

6M

11.65%

1Y

1.79%

5Y*

-41.02%

10Y*

-29.69%

ERX

YTD

-3.91%

1M

-24.34%

6M

-13.75%

1Y

-6.23%

5Y*

-18.74%

10Y*

-20.74%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ERY vs. ERX - Expense Ratio Comparison

ERY has a 1.07% expense ratio, which is lower than ERX's 1.09% expense ratio.


ERX
Direxion Daily Energy Bull 2X Shares
Expense ratio chart for ERX: current value at 1.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.09%
Expense ratio chart for ERY: current value at 1.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.07%

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.


Sharpe ratio
The chart of Sharpe ratio for ERY, currently valued at 0.03, compared to the broader market0.002.004.000.03-0.16
The chart of Sortino ratio for ERY, currently valued at 0.31, compared to the broader market-2.000.002.004.006.008.0010.000.310.02
The chart of Omega ratio for ERY, currently valued at 1.03, compared to the broader market0.501.001.502.002.503.001.031.00
The chart of Calmar ratio for ERY, currently valued at 0.01, compared to the broader market0.005.0010.0015.000.01-0.06
The chart of Martin ratio for ERY, currently valued at 0.05, compared to the broader market0.0020.0040.0060.0080.00100.000.05-0.40
ERY
ERX

The current ERY Sharpe Ratio is 0.03, which is higher than the ERX Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of ERY and ERX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
0.03
-0.16
ERY
ERX

Dividends

ERY vs. ERX - Dividend Comparison

ERY's dividend yield for the trailing twelve months is around 3.57%, more than ERX's 2.48% yield.


TTM2023202220212020201920182017
ERY
Direxion Daily Energy Bear 2X Shares
3.57%4.14%0.32%0.00%0.43%1.50%0.56%0.00%
ERX
Direxion Daily Energy Bull 2X Shares
2.48%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.


-100.00%-99.00%-98.00%-97.00%-96.00%-95.00%-94.00%JulyAugustSeptemberOctoberNovemberDecember
-99.98%
-95.33%
ERY
ERX

Volatility

ERY vs. ERX - Volatility Comparison

The current volatility for Direxion Daily Energy Bear 2X Shares (ERY) is 9.26%, while Direxion Daily Energy Bull 2X Shares (ERX) has a volatility of 9.87%. This indicates that ERY experiences smaller price fluctuations and is considered to be less risky than ERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


8.00%9.00%10.00%11.00%12.00%13.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
9.26%
9.87%
ERY
ERX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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