ERY vs. VDE
ERY (Direxion Daily Energy Bear 2X Shares) and VDE (Vanguard Energy ETF) are both exchange-traded funds - ERY is a Leveraged Equities fund tracking the Energy Select Sector Index (-300%), while VDE is a Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. Both are passively managed. Over the past 10 years, ERY returned -33.15%/yr vs 8.99%/yr for VDE. At a correlation of -0.99, they often move in opposite directions. ERY charges 1.07%/yr vs 0.09%/yr for VDE.
Performance
ERY vs. VDE - Performance Comparison
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Returns By Period
In the year-to-date period, ERY achieves a -42.37% return, which is significantly lower than VDE's 29.68% return. Over the past 10 years, ERY has underperformed VDE with an annualized return of -33.15%, while VDE has yielded a comparatively higher 8.99% annualized return.
ERY
- 1D
- 4.02%
- 1M
- -2.73%
- YTD
- -42.37%
- 6M
- -40.31%
- 1Y
- -53.41%
- 3Y*
- -26.88%
- 5Y*
- -37.56%
- 10Y*
- -33.15%
VDE
- 1D
- -2.11%
- 1M
- -0.04%
- YTD
- 29.68%
- 6M
- 26.87%
- 1Y
- 45.56%
- 3Y*
- 17.17%
- 5Y*
- 19.96%
- 10Y*
- 8.99%
ERY vs. VDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | -42.37% | -18.54% | -5.58% | -0.35% | -73.61% | -68.00% | -11.94% | -38.67% | 45.61% | -5.67% |
VDE Vanguard Energy ETF | 29.68% | 7.11% | 6.75% | 0.03% | 62.89% | 56.31% | -33.02% | 9.28% | -19.95% | -2.50% |
Correlation
The correlation between ERY and VDE is -0.99, 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 | -0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | -1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2008 | -0.99 |
The correlation between ERY and VDE has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
ERY vs. VDE — Risk / Return Rank
ERY
VDE
ERY vs. VDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) and Vanguard Energy ETF (VDE). 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 | VDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.56 | ||
| Sortino ratioReturn per unit of downside risk | -5.15 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.36 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 3.88 | -4.80 |
| Martin ratioReturn relative to average drawdown | -1.69 | 11.27 | -12.96 |
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 | VDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.31 | 2.25 | -3.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.73 | 0.76 | -1.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.47 | 0.30 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 0.28 | -0.82 |
Drawdowns
ERY vs. VDE - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.99%, which is greater than VDE's maximum drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for ERY and VDE.
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Drawdown Indicators
| ERY | VDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -74.20% | -25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -58.18% | -11.80% | -46.38% |
Max Drawdown (3Y)Largest decline over 3 years | -67.94% | -21.41% | -46.53% |
Max Drawdown (5Y)Largest decline over 5 years | -94.04% | -26.58% | -67.46% |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | -69.29% | -30.37% |
Current DrawdownCurrent decline from peak | -99.99% | -8.25% | -91.74% |
Average DrawdownAverage peak-to-trough decline | -96.93% | -19.96% | -76.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.64% | 4.05% | +29.59% |
Volatility
ERY vs. VDE - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) has a higher volatility of 14.54% compared to Vanguard Energy ETF (VDE) at 7.16%. This indicates that ERY's price experiences larger fluctuations and is considered to be riskier than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERY | VDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 7.16% | +7.38% |
Volatility (6M)Calculated over the trailing 6-month period | 32.77% | 16.33% | +16.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.82% | 20.37% | +20.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.90% | 26.41% | +25.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.61% | 29.93% | +40.68% |
ERY vs. VDE - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is higher than VDE's 0.09% expense ratio.
Dividends
ERY vs. VDE - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 3.61%, more than VDE's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 3.61% | 3.48% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% | 0.00% | 0.00% | 0.00% |
VDE Vanguard Energy ETF | 2.42% | 3.11% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.42% | 3.35% | 2.90% | 2.31% | 3.17% |
Frequently Asked Questions
ERY and VDE have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERY has higher volatility (14.54%) compared to VDE (7.16%). In terms of maximum drawdown, ERY dropped -99.99% vs VDE's -74.20%.
On 10-year performance, VDE leads with 8.99% vs -33.15% for ERY. On fees, VDE is cheaper at 0.09% per year. On volatility, VDE has been the lower-risk option at 7.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VDE has performed better with a 8.99% return vs -33.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VDE is cheaper with a 0.09% expense ratio, compared with 1.07% for ERY.
ERY has the higher dividend yield at 3.61%, compared with 2.42% for VDE.
ERY is categorized as Leveraged Equities, while VDE is Energy Equities. ERY tracks Energy Select Sector Index (-300%), while VDE tracks MSCI US Investable Market Energy 25/50 Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 1.07% for ERY and 0.09% for VDE.
VDE currently has the higher Sharpe Ratio (2.25 vs -1.31), 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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