HIMY vs. ERX
HIMY (Defiance Leveraged Long + Income HIMS ETF) and ERX (Direxion Daily Energy Bull 2X Shares) are both Leveraged Equities funds. HIMY is actively managed, while ERX is passively managed. At a 0.01 correlation, their price movements are largely independent. HIMY charges 1.51%/yr vs 1.09%/yr for ERX.
Performance
HIMY vs. ERX - Performance Comparison
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Returns By Period
In the year-to-date period, HIMY achieves a -13.23% return, which is significantly lower than ERX's 66.84% return.
HIMY
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -13.23%
- 6M
- -39.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERX
- 1D
- -0.05%
- 1M
- -3.57%
- YTD
- 66.84%
- 6M
- 58.30%
- 1Y
- 98.14%
- 3Y*
- 24.19%
- 5Y*
- 28.74%
- 10Y*
- -9.37%
HIMY vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIMY Defiance Leveraged Long + Income HIMS ETF | -13.23% | -47.75% |
ERX Direxion Daily Energy Bull 2X Shares | 66.84% | 10.62% |
Correlation
The correlation between HIMY and ERX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.01 |
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Return for Risk
HIMY vs. ERX — Risk / Return Rank
HIMY
ERX
HIMY vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income HIMS ETF (HIMY) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HIMY | ERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.42 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | -0.09 | -0.62 |
Drawdowns
HIMY vs. ERX - Drawdown Comparison
The maximum HIMY drawdown since its inception was -76.38%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for HIMY and ERX.
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Drawdown Indicators
| HIMY | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.38% | -99.54% | +23.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -23.34% | — |
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 DrawdownCurrent decline from peak | -74.01% | -91.58% | +17.57% |
Average DrawdownAverage peak-to-trough decline | -53.75% | -67.03% | +13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.60% | — |
Volatility
HIMY vs. ERX - Volatility Comparison
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Volatility by Period
| HIMY | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 92.72% | 41.08% | +51.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.72% | 51.98% | +40.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.72% | 69.16% | +23.56% |
HIMY vs. ERX - Expense Ratio Comparison
HIMY has a 1.51% expense ratio, which is higher than ERX's 1.09% expense ratio.
Dividends
HIMY vs. ERX - Dividend Comparison
HIMY's dividend yield for the trailing twelve months is around 102.38%, more than ERX's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 1.61% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
HIMY Defiance Leveraged Long + Income HIMS ETF | 102.38% | 81.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HIMY and ERX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERX is cheaper at 1.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERX is cheaper with a 1.09% expense ratio, compared with 1.51% for HIMY.
HIMY has the higher dividend yield at 102.38%, compared with 1.61% for ERX.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.51% for HIMY and 1.09% for ERX.
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