NVIT vs. ERX

Last updated Jun 6, 2026

NVIT (YieldMax NVDA Performance & Distribution Target 25 ETF) and ERX (Direxion Daily Energy Bull 2X Shares) are both exchange-traded funds - NVIT is a Derivative Income fund actively managed by YieldMax, while ERX is a Leveraged Equities fund tracking the Energy Select Sector Index (300%). NVIT is actively managed, while ERX is passively managed. At a correlation of -0.18, they often move in opposite directions. NVIT charges 1.08%/yr vs 1.09%/yr for ERX.

Performance

NVIT vs. ERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) and Direxion Daily Energy Bull 2X Shares (ERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVIT achieves a 11.17% return, which is significantly lower than ERX's 60.67% return.

NVIT

• 1D: -5.34%
• 1M: -0.62%
• YTD: 11.17%
• 6M: 13.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ERX

• 1D: -3.70%
• 1M: 1.27%
• YTD: 60.67%
• 6M: 53.82%
• 1Y: 91.32%
• 3Y*: 22.03%
• 5Y*: 27.77%
• 10Y*: -10.29%

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

NVIT vs. ERX - Yearly Performance Comparison

	2026 (YTD)	2025
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF	11.17%	3.48%
ERX Direxion Daily Energy Bull 2X Shares	60.67%	-2.87%

Correlation

The correlation between NVIT and ERX is -0.18, 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 Nov 19, 2025	-0.18

Return for Risk

NVIT vs. ERX — Risk / Return Rank

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

ERX

ERX Risk / Return Rank: 65
ERX Sharpe Ratio Rank: 71
ERX Sortino Ratio Rank: 58
ERX Omega Ratio Rank: 55
ERX Calmar Ratio Rank: 79
ERX Martin Ratio Rank: 61

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.

NVIT vs. ERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) 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.

Sharpe Ratios by Period

	NVIT	ERX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	-0.09	+1.09

Drawdowns

NVIT vs. ERX - Drawdown Comparison

The maximum NVIT drawdown since its inception was -11.11%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for NVIT and ERX.

Drawdown Indicators

	NVIT	ERX	Difference
Max Drawdown Largest peak-to-trough decline	-11.11%	-99.54%	+88.43%
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 Drawdown Current decline from peak	-10.22%	-91.89%	+81.67%
Average Drawdown Average peak-to-trough decline	-2.93%	-67.03%	+64.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.67%	—

Volatility

Volatility by Period

	NVIT	ERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.89%	41.05%	-11.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.89%	51.99%	-22.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	69.14%	-39.25%

NVIT vs. ERX - Expense Ratio Comparison

NVIT has a 1.08% expense ratio, which is lower than ERX's 1.09% expense ratio.

Dividends

NVIT vs. ERX - Dividend Comparison

NVIT's dividend yield for the trailing twelve months is around 12.84%, more than ERX's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERX Direxion Daily Energy Bull 2X Shares	1.67%	2.54%	2.94%	3.17%	2.23%	2.16%	2.35%	1.56%	3.10%	0.85%
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF	12.84%	2.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVIT and ERX in my portfolio?

NVIT and ERX have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVIT or ERX?

On fees, NVIT is cheaper at 1.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVIT or ERX?

NVIT is cheaper with a 1.08% expense ratio, compared with 1.09% for ERX.

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

NVIT has the higher dividend yield at 12.84%, compared with 1.67% for ERX.

What is the main difference between NVIT and ERX?

NVIT is categorized as Derivative Income, while ERX is Leveraged Equities. They also come from different issuers: YieldMax and Direxion. Their fees differ too: 1.08% for NVIT and 1.09% for ERX.