SCC vs. ERX
SCC (ProShares UltraShort Consumer Services) and ERX (Direxion Daily Energy Bull 2X Shares) are both Leveraged Equities funds - SCC tracks the DJ Global United States (All) / Consumer Services -IND (-200%) while ERX tracks the Energy Select Sector Index (300%). Both are passively managed. Over the past 10 years, SCC returned -25.08%/yr vs -8.79%/yr for ERX. At a correlation of -0.40, they often move in opposite directions. SCC charges 0.95%/yr vs 1.09%/yr for ERX.
Performance
SCC vs. ERX - Performance Comparison
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Returns By Period
In the year-to-date period, SCC achieves a 3.99% return, which is significantly lower than ERX's 66.93% return. Over the past 10 years, SCC has underperformed ERX with an annualized return of -25.08%, while ERX has yielded a comparatively higher -8.79% annualized return.
SCC
- 1D
- 1.71%
- 1M
- 1.88%
- YTD
- 3.99%
- 6M
- 4.09%
- 1Y
- -15.43%
- 3Y*
- -25.44%
- 5Y*
- -15.79%
- 10Y*
- -25.08%
ERX
- 1D
- 2.68%
- 1M
- -3.38%
- YTD
- 66.93%
- 6M
- 59.74%
- 1Y
- 90.37%
- 3Y*
- 23.69%
- 5Y*
- 28.75%
- 10Y*
- -8.79%
SCC vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCC ProShares UltraShort Consumer Services | 3.99% | -18.97% | -36.01% | -44.34% | 64.09% | -25.84% | -54.75% | -38.94% | -8.53% | -31.58% |
ERX Direxion Daily Energy Bull 2X Shares | 66.93% | 2.79% | 1.09% | -12.26% | 130.58% | 111.91% | -91.60% | 17.13% | -55.94% | -11.60% |
Correlation
The correlation between SCC and ERX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2008 | -0.40 |
The correlation between SCC and ERX shifts across timeframes, from -0.40 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCC vs. ERX — Risk / Return Rank
SCC
ERX
SCC vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) 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.
| SCC | ERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.32 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 3.89 | -4.43 |
| Martin ratioReturn relative to average drawdown | -0.80 | 10.60 | -11.40 |
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
| SCC | ERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 2.21 | -2.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.56 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.64 | -0.13 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | -0.09 | -0.55 |
Drawdowns
SCC vs. ERX - Drawdown Comparison
The maximum SCC drawdown since its inception was -99.92%, roughly equal to the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for SCC and ERX.
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Drawdown Indicators
| SCC | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -99.54% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -29.02% | -23.34% | -5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -67.10% | -42.34% | -24.76% |
Max Drawdown (5Y)Largest decline over 5 years | -77.34% | -46.90% | -30.44% |
Max Drawdown (10Y)Largest decline over 10 years | -95.55% | -98.59% | +3.04% |
Current DrawdownCurrent decline from peak | -99.90% | -91.57% | -8.33% |
Average DrawdownAverage peak-to-trough decline | -85.95% | -67.02% | -18.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.21% | 8.57% | +10.64% |
Volatility
SCC vs. ERX - Volatility Comparison
The current volatility for ProShares UltraShort Consumer Services (SCC) is 10.71%, while Direxion Daily Energy Bull 2X Shares (ERX) has a volatility of 16.49%. This indicates that SCC experiences smaller price fluctuations and is considered to be less risky 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
| SCC | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 16.49% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 26.41% | 33.45% | -7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.34% | 41.14% | -4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.94% | 51.98% | -8.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.52% | 69.18% | -29.66% |
SCC vs. ERX - Expense Ratio Comparison
SCC has a 0.95% expense ratio, which is lower than ERX's 1.09% expense ratio.
Dividends
SCC vs. ERX - Dividend Comparison
SCC's dividend yield for the trailing twelve months is around 4.53%, 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% |
SCC ProShares UltraShort Consumer Services | 4.53% | 4.87% | 7.46% | 4.53% | 0.53% | 0.00% | 0.06% | 2.67% | 0.86% | 0.00% |
Frequently Asked Questions
SCC and ERX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERX has higher volatility (16.49%) compared to SCC (10.71%). In terms of maximum drawdown, SCC dropped -99.92% vs ERX's -99.54%.
On 10-year performance, ERX leads with -8.79% vs -25.08% for SCC. On fees, SCC is cheaper at 0.95% per year. On volatility, SCC has been the lower-risk option at 10.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ERX has performed better with a -8.79% return vs -25.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCC is cheaper with a 0.95% expense ratio, compared with 1.09% for ERX.
SCC has the higher dividend yield at 4.53%, compared with 1.61% for ERX.
SCC tracks DJ Global United States (All) / Consumer Services -IND (-200%), while ERX tracks Energy Select Sector Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for SCC and 1.09% for ERX.
ERX currently has the higher Sharpe Ratio (2.21 vs -0.43), 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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