ERY vs. PST
ERY (Direxion Daily Energy Bear 2X Shares) and PST (ProShares UltraShort 7-10 Year Treasury) are both exchange-traded funds - ERY is a Leveraged Equities fund tracking the Energy Select Sector Index (-300%), while PST is a Inverse Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 10 years, ERY returned -33.88%/yr vs 2.41%/yr for PST. At a correlation of -0.30, they often move in opposite directions. ERY charges 1.07%/yr vs 0.95%/yr for PST.
Performance
ERY vs. PST - Performance Comparison
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Returns By Period
In the year-to-date period, ERY achieves a -44.59% return, which is significantly lower than PST's 4.33% return. Over the past 10 years, ERY has underperformed PST with an annualized return of -33.88%, while PST has yielded a comparatively higher 2.41% annualized return.
ERY
- 1D
- -0.18%
- 1M
- 1.11%
- YTD
- -44.59%
- 6M
- -42.08%
- 1Y
- -55.06%
- 3Y*
- -28.20%
- 5Y*
- -38.05%
- 10Y*
- -33.88%
PST
- 1D
- -0.23%
- 1M
- 0.90%
- YTD
- 4.33%
- 6M
- 5.79%
- 1Y
- 2.37%
- 3Y*
- 5.48%
- 5Y*
- 9.16%
- 10Y*
- 2.41%
ERY vs. PST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | -44.59% | -18.54% | -5.58% | -0.35% | -73.61% | -68.00% | -11.94% | -38.67% | 45.61% | -5.67% |
PST ProShares UltraShort 7-10 Year Treasury | 4.33% | -4.42% | 12.27% | 3.17% | 38.55% | 4.01% | -18.67% | -11.03% | 1.72% | -4.52% |
Correlation
The correlation between ERY and PST is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2008 | -0.30 |
The correlation between ERY and PST shifts across timeframes, from -0.30 (all time) to -0.11 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ERY vs. PST — Risk / Return Rank
ERY
PST
ERY vs. PST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) and ProShares UltraShort 7-10 Year Treasury (PST). 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.
| ERY | PST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.05 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 0.33 | -1.25 |
| Martin ratioReturn relative to average drawdown | -1.65 | 0.57 | -2.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERY | PST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.36 | 0.25 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.74 | 0.59 | -1.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.48 | 0.18 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.55 | -0.38 | -0.17 |
Drawdowns
ERY vs. PST - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.99%, which is greater than PST's maximum drawdown of -79.25%. Use the drawdown chart below to compare losses from any high point for ERY and PST.
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Drawdown Indicators
| ERY | PST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -79.25% | -20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -59.79% | -7.25% | -52.54% |
Max Drawdown (3Y)Largest decline over 3 years | -67.94% | -16.19% | -51.75% |
Max Drawdown (5Y)Largest decline over 5 years | -94.04% | -16.19% | -77.85% |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | -36.07% | -63.59% |
Current DrawdownCurrent decline from peak | -99.99% | -64.21% | -35.78% |
Average DrawdownAverage peak-to-trough decline | -96.93% | -61.48% | -35.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.47% | 4.16% | +29.31% |
Volatility
ERY vs. PST - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) has a higher volatility of 16.11% compared to ProShares UltraShort 7-10 Year Treasury (PST) at 3.18%. This indicates that ERY's price experiences larger fluctuations and is considered to be riskier than PST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERY | PST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 3.18% | +12.93% |
Volatility (6M)Calculated over the trailing 6-month period | 32.64% | 6.75% | +25.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.81% | 9.62% | +31.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.89% | 15.59% | +36.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.62% | 13.32% | +57.30% |
ERY vs. PST - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is higher than PST's 0.95% expense ratio.
Dividends
ERY vs. PST - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 3.75%, more than PST's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 3.75% | 3.48% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% |
PST ProShares UltraShort 7-10 Year Treasury | 3.09% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% |
Frequently Asked Questions
ERY and PST have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERY has higher volatility (16.11%) compared to PST (3.18%). In terms of maximum drawdown, ERY dropped -99.99% vs PST's -79.25%.
On 10-year performance, PST leads with 2.41% vs -33.88% for ERY. On fees, PST is cheaper at 0.95% per year. On volatility, PST has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PST has performed better with a 2.41% return vs -33.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PST is cheaper with a 0.95% expense ratio, compared with 1.07% for ERY.
ERY has the higher dividend yield at 3.75%, compared with 3.09% for PST.
ERY is categorized as Leveraged Equities, while PST is Inverse Bonds. ERY tracks Energy Select Sector Index (-300%), while PST tracks ICE U.S. Treasury 7-10 Year Bond Index. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.07% for ERY and 0.95% for PST.
PST currently has the higher Sharpe Ratio (0.25 vs -1.36), 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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