GRW vs. ERX

Last updated Jul 17, 2026

GRW (TCW Durable Growth ETF) and ERX (Direxion Daily Energy Bull 2X Shares) are both exchange-traded funds - GRW is a Large Cap Growth Equities fund actively managed by TCW, while ERX is a Leveraged Equities fund tracking the Energy Select Sector Index (300%). GRW is actively managed, while ERX is passively managed. At a correlation of -0.59, they often move in opposite directions. GRW charges 0.75%/yr vs 1.09%/yr for ERX.

Performance

GRW vs. ERX - Performance Comparison

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

Returns By Period

GRW

• 1D: -0.86%
• 1M: -1.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ERX

• 1D: 1.76%
• 1M: 6.94%
• 6M: 39.75%
• YTD: 57.54%
• 1Y: 68.66%
• 3Y*: 19.68%
• 5Y*: 34.10%
• 10Y*: -10.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GRW vs. ERX - Yearly Performance Comparison

	2026 (YTD)
GRW TCW Durable Growth ETF	2.09%
ERX Direxion Daily Energy Bull 2X Shares	-0.17%

Correlation

The correlation between GRW and ERX is -0.59, 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 (All Time) Calculated using the full available price history since May 28, 2026	-0.59

GRW vs. ERX - Sectors Allocation Comparison

Sectors	GRW	ERX
Industrials	39.6%	-
Technology	25.9%	-
Financial Services	8.7%	-
Communication Services	7.7%	-
Consumer Cyclical	7.3%	-
Basic Materials	3.9%	-
Healthcare	3.6%	-
Consumer Defensive	-	-
Energy	-	100.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

GRW vs. ERX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GRW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ERX

ERX Risk / Return Rank: 54
ERX Sharpe Ratio Rank: 62
ERX Sortino Ratio Rank: 53
ERX Omega Ratio Rank: 50
ERX Calmar Ratio Rank: 57
ERX Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GRW vs. ERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Durable Growth ETF (GRW) 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.

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.

	GRW	ERX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.12	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.30	—
Martin ratio: Return relative to average drawdown	—	5.95	—

Drawdowns

GRW vs. ERX - Drawdown Comparison

The maximum GRW drawdown since its inception was -3.83%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for GRW and ERX.

Drawdown Indicators

	GRW	ERX	Difference
Max Drawdown Largest peak-to-trough decline	-3.83%	-99.54%	+95.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-29.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.59%	—
Current Drawdown Current decline from peak	-2.69%	-92.05%	+89.36%
Average Drawdown Average peak-to-trough decline	-1.18%	-67.18%	+66.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.57%	—

Volatility

Volatility by Period

	GRW	ERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.46%	42.09%	-25.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.46%	51.72%	-35.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	68.92%	-52.46%

GRW vs. ERX - Expense Ratio Comparison

GRW has a 0.75% expense ratio, which is lower than ERX's 1.09% expense ratio.

Dividends

GRW vs. ERX - Dividend Comparison

GRW has not paid dividends to shareholders, while ERX's dividend yield for the trailing twelve months is around 1.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERX Direxion Daily Energy Bull 2X Shares	1.62%	2.54%	2.94%	3.17%	2.23%	2.16%	2.35%	1.56%	3.10%	0.85%
GRW TCW Durable Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GRW and ERX in my portfolio?

GRW and ERX have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GRW or ERX?

On fees, GRW is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GRW or ERX?

GRW is cheaper with a 0.75% expense ratio, compared with 1.09% for ERX.

Which ETF pays a higher dividend yield, GRW or ERX?

ERX has the higher dividend yield at 1.62%, compared with 0.00% for GRW.

What is the main difference between GRW and ERX?

GRW is categorized as Large Cap Growth Equities, while ERX is Leveraged Equities. They also come from different issuers: TCW and Direxion. Their fees differ too: 0.75% for GRW and 1.09% for ERX.