ERY vs. RSPG
ERY (Direxion Daily Energy Bear 2X Shares) and RSPG (Invesco S&P 500 Equal Weight Energy ETF) are both exchange-traded funds - ERY is a Leveraged Equities fund tracking the Energy Select Sector Index (-300%), while RSPG is a Energy Equities fund tracking the S&P 500 Equal Weight Energy Plus Index. Both are passively managed. Over the past 10 years, ERY returned -32.32%/yr vs 8.58%/yr for RSPG. At a correlation of -0.93, they often move in opposite directions. ERY charges 1.07%/yr vs 0.40%/yr for RSPG.
Performance
ERY vs. RSPG - Performance Comparison
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Returns By Period
In the year-to-date period, ERY achieves a -38.08% return, which is significantly lower than RSPG's 27.76% return. Over the past 10 years, ERY has underperformed RSPG with an annualized return of -32.32%, while RSPG has yielded a comparatively higher 8.58% annualized return.
ERY
- 1D
- -0.98%
- 1M
- 7.25%
- 6M
- -32.22%
- YTD
- -38.08%
- 1Y
- -39.69%
- 3Y*
- -22.70%
- 5Y*
- -37.43%
- 10Y*
- -32.32%
RSPG
- 1D
- 0.21%
- 1M
- -2.84%
- 6M
- 23.53%
- YTD
- 27.76%
- 1Y
- 32.19%
- 3Y*
- 15.08%
- 5Y*
- 21.24%
- 10Y*
- 8.58%
ERY vs. RSPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | -38.08% | -18.54% | -5.58% | -0.35% | -73.61% | -68.00% | -11.94% | -38.67% | 45.61% | -5.67% |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 27.76% | 7.01% | 6.09% | 4.49% | 57.97% | 57.73% | -32.44% | 13.38% | -24.68% | -6.39% |
Correlation
The correlation between ERY and RSPG is -0.97, 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 | -0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2008 | -0.93 |
The correlation between ERY and RSPG has been stable across timeframes, ranging from -0.98 to -0.93 - a consistent structural relationship.
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Return for Risk
ERY vs. RSPG — Risk / Return Rank
ERY
RSPG
ERY vs. RSPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) and Invesco S&P 500 Equal Weight Energy ETF (RSPG). 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 | RSPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.25 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.40 | -3.11 |
| Martin ratioReturn relative to average drawdown | -1.22 | 6.19 | -7.41 |
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Drawdowns
ERY vs. RSPG - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.99%, which is greater than RSPG's maximum drawdown of -79.98%. Use the drawdown chart below to compare losses from any high point for ERY and RSPG.
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Drawdown Indicators
| ERY | RSPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -79.98% | -20.01% |
Max Drawdown (1Y)Largest decline over 1 year | -56.88% | -13.72% | -43.16% |
Max Drawdown (3Y)Largest decline over 3 years | -65.95% | -23.06% | -42.89% |
Max Drawdown (5Y)Largest decline over 5 years | -94.04% | -28.44% | -65.60% |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | -73.17% | -26.49% |
Current DrawdownCurrent decline from peak | -99.99% | -10.24% | -89.75% |
Average DrawdownAverage peak-to-trough decline | -96.92% | -25.39% | -71.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.07% | 5.31% | +27.76% |
Volatility
ERY vs. RSPG - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) has a higher volatility of 13.80% compared to Invesco S&P 500 Equal Weight Energy ETF (RSPG) at 6.81%. This indicates that ERY's price experiences larger fluctuations and is considered to be riskier than RSPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERY | RSPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.80% | 6.81% | +6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 33.16% | 16.95% | +16.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.55% | 21.90% | +19.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.69% | 28.12% | +23.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.40% | 33.47% | +36.93% |
ERY vs. RSPG - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is higher than RSPG's 0.40% expense ratio.
Dividends
ERY vs. RSPG - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 2.98%, more than RSPG's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 2.98% | 3.48% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% | 0.00% | 0.00% | 0.00% |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 2.08% | 2.60% | 2.43% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% |
Frequently Asked Questions
ERY and RSPG have a correlation of -0.97, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERY has higher volatility (13.80%) compared to RSPG (6.81%). In terms of maximum drawdown, ERY dropped -99.99% vs RSPG's -79.98%.
On 10-year performance, RSPG leads with 8.58% vs -32.32% for ERY. On fees, RSPG is cheaper at 0.40% per year. On volatility, RSPG has been the lower-risk option at 6.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RSPG has performed better with a 8.58% return vs -32.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPG is cheaper with a 0.40% expense ratio, compared with 1.07% for ERY.
ERY has the higher dividend yield at 2.98%, compared with 2.08% for RSPG.
ERY is categorized as Leveraged Equities, while RSPG is Energy Equities. ERY tracks Energy Select Sector Index (-300%), while RSPG tracks S&P 500 Equal Weight Energy Plus Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.07% for ERY and 0.40% for RSPG.
RSPG currently has the higher Sharpe Ratio (1.51 vs -0.97), 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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