SNXX vs. ERX
SNXX (Tradr 2X Long SNDK Daily ETF) and ERX (Direxion Daily Energy Bull 2X Shares) are both Leveraged Equities funds. SNXX is actively managed, while ERX is passively managed. At a correlation of -0.14, they often move in opposite directions. SNXX charges 1.49%/yr vs 1.09%/yr for ERX.
Performance
SNXX vs. ERX - Performance Comparison
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Returns By Period
SNXX
- 1D
- -25.16%
- 1M
- -41.21%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERX
- 1D
- 6.40%
- 1M
- -2.19%
- 6M
- 46.49%
- YTD
- 56.45%
- 1Y
- 56.30%
- 3Y*
- 19.32%
- 5Y*
- 31.60%
- 10Y*
- -10.38%
SNXX vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SNXX Tradr 2X Long SNDK Daily ETF | 539.76% |
ERX Direxion Daily Energy Bull 2X Shares | 30.09% |
Correlation
The correlation between SNXX and ERX is -0.14, 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 Jan 27, 2026 | -0.14 |
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Return for Risk
SNXX vs. ERX — Risk / Return Rank
SNXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ERX
SNXX vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SNDK Daily ETF (SNXX) 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.
| SNXX | ERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.89 | — |
| Martin ratioReturn relative to average drawdown | — | 4.95 | — |
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Drawdowns
SNXX vs. ERX - Drawdown Comparison
The maximum SNXX drawdown since its inception was -56.01%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for SNXX and ERX.
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Drawdown Indicators
| SNXX | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.01% | -99.54% | +43.53% |
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 DrawdownCurrent decline from peak | -54.62% | -92.10% | +37.48% |
Average DrawdownAverage peak-to-trough decline | -17.15% | -67.17% | +50.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.48% | — |
Volatility
SNXX vs. ERX - Volatility Comparison
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Volatility by Period
| SNXX | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.01% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 219.36% | 42.30% | +177.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.36% | 51.86% | +167.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.36% | 68.94% | +150.42% |
SNXX vs. ERX - Expense Ratio Comparison
SNXX has a 1.49% expense ratio, which is higher than ERX's 1.09% expense ratio.
Dividends
SNXX vs. ERX - Dividend Comparison
SNXX has not paid dividends to shareholders, while ERX's dividend yield for the trailing twelve months is around 1.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 1.63% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
SNXX Tradr 2X Long SNDK Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNXX and ERX have a correlation of -0.14, 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 1.49% for SNXX.
ERX has the higher dividend yield at 1.63%, compared with 0.00% for SNXX.
They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for SNXX and 1.09% for ERX.
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