MTZ vs. ERX
MTZ (MasTec, Inc.) is a stock, while ERX (Direxion Daily Energy Bull 2X Shares) is Leveraged Equities fund tracking the Energy Select Sector Index (300%). Over the past 10 years, MTZ returned 30.01%/yr vs -10.35%/yr for ERX. At a 0.46 correlation, their price movements are largely independent.
Performance
MTZ vs. ERX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MTZ having a 56.79% return and ERX slightly higher at 57.54%. Over the past 10 years, MTZ has outperformed ERX with an annualized return of 30.01%, while ERX has yielded a comparatively lower -10.35% annualized return.
MTZ
- 1D
- -4.72%
- 1M
- -7.73%
- 6M
- 44.48%
- YTD
- 56.79%
- 1Y
- 95.46%
- 3Y*
- 43.46%
- 5Y*
- 28.00%
- 10Y*
- 30.01%
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%
MTZ vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTZ MasTec, Inc. | 56.79% | 59.67% | 79.79% | -11.26% | -7.53% | 35.35% | 6.27% | 58.19% | -17.14% | 27.97% |
ERX Direxion Daily Energy Bull 2X Shares | 57.54% | 2.79% | 1.09% | -12.26% | 130.58% | 111.91% | -91.60% | 17.13% | -55.94% | -11.60% |
Correlation
The correlation between MTZ 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 (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2008 | 0.46 |
Over the past year, the correlation between MTZ and ERX has dropped to 0.01 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
MTZ vs. ERX — Risk / Return Rank
MTZ
ERX
MTZ vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MasTec, Inc. (MTZ) 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.
| MTZ | ERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 2.30 | +1.82 |
| Martin ratioReturn relative to average drawdown | 13.19 | 5.95 | +7.24 |
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Drawdowns
MTZ vs. ERX - Drawdown Comparison
The maximum MTZ drawdown since its inception was -97.72%, roughly equal to the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for MTZ and ERX.
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Drawdown Indicators
| MTZ | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.72% | -99.54% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -23.30% | -29.97% | +6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -61.01% | -42.34% | -18.67% |
Max Drawdown (5Y)Largest decline over 5 years | -61.01% | -46.90% | -14.11% |
Max Drawdown (10Y)Largest decline over 10 years | -67.92% | -98.59% | +30.67% |
Current DrawdownCurrent decline from peak | -22.10% | -92.05% | +69.95% |
Average DrawdownAverage peak-to-trough decline | -51.79% | -67.18% | +15.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 11.57% | -4.31% |
Volatility
MTZ vs. ERX - Volatility Comparison
MasTec, Inc. (MTZ) has a higher volatility of 18.84% compared to Direxion Daily Energy Bull 2X Shares (ERX) at 12.31%. This indicates that MTZ's price experiences larger fluctuations and is considered to be riskier than ERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTZ | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.84% | 12.31% | +6.53% |
Volatility (6M)Calculated over the trailing 6-month period | 33.39% | 33.63% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.27% | 42.09% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.29% | 51.72% | -8.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.05% | 68.92% | -24.87% |
Dividends
MTZ vs. ERX - Dividend Comparison
MTZ 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% |
MTZ MasTec, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MTZ 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.
MTZ has higher volatility (18.84%) compared to ERX (12.31%). In terms of maximum drawdown, MTZ dropped -97.72% vs ERX's -99.54%.
MTZ currently has the higher Sharpe Ratio (2.22 vs 1.64), 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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