URAA vs. ERX

Last updated Jun 26, 2026

URAA (Direxion Daily Uranium Industry Bull 2X Shares) and ERX (Direxion Daily Energy Bull 2X Shares) are both exchange-traded funds - URAA is a Uranium fund tracking the Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while ERX is a Leveraged Equities fund tracking the Energy Select Sector Index (300%). Both are passively managed. Over the past year, URAA returned 3.39% vs 57.63% for ERX. At a 0.08 correlation, their price movements are largely independent. URAA charges 1.28%/yr vs 1.09%/yr for ERX.

Performance

URAA vs. ERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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, URAA achieves a -16.20% return, which is significantly lower than ERX's 42.50% return.

URAA

• 1D: -3.76%
• 1M: -26.89%
• YTD: -16.20%
• 6M: -23.09%
• 1Y: 3.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ERX

• 1D: 1.86%
• 1M: -12.34%
• YTD: 42.50%
• 6M: 44.57%
• 1Y: 57.63%
• 3Y*: 18.03%
• 5Y*: 24.74%
• 10Y*: -9.47%

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

URAA vs. ERX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAA Direxion Daily Uranium Industry Bull 2X Shares	-16.20%	88.33%	-25.73%
ERX Direxion Daily Energy Bull 2X Shares	42.50%	2.79%	-13.93%

Correlation

The correlation between URAA and ERX is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since Jun 26, 2024	0.08

The correlation between URAA and ERX shifts across timeframes, from -0.06 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

URAA vs. ERX - Sectors Allocation Comparison

Sectors	URAA	ERX
Energy	62.5%	100.0%
Industrials	17.0%	-
Utilities	16.6%	-
Basic Materials	2.9%	-
Technology	1.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

URAA vs. ERX — Risk / Return Rank

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

URAA

URAA Risk / Return Rank: 12
URAA Sharpe Ratio Rank: 10
URAA Sortino Ratio Rank: 15
URAA Omega Ratio Rank: 15
URAA Calmar Ratio Rank: 10
URAA Martin Ratio Rank: 9

ERX

ERX Risk / Return Rank: 42
ERX Sharpe Ratio Rank: 45
ERX Sortino Ratio Rank: 40
ERX Omega Ratio Rank: 38
ERX Calmar Ratio Rank: 47
ERX Martin Ratio Rank: 42

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.

URAA vs. ERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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.

	URAA	ERX	Difference
Sharpe ratio: Return per unit of total volatility	0.04	1.39	-1.35
Sortino ratio: Return per unit of downside risk	0.76	1.87	-1.11
Omega ratio: Gain probability vs. loss probability	1.09	1.23	-0.14
Calmar ratio: Return relative to maximum drawdown	0.06	2.03	-1.98
Martin ratio: Return relative to average drawdown	0.11	5.74	-5.63

URAA vs. ERX - Sharpe Ratio Comparison

The current URAA Sharpe Ratio is 0.04, which is lower than the ERX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of URAA and ERX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

URAA vs. ERX - Drawdown Comparison

The maximum URAA drawdown since its inception was -67.45%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for URAA and ERX.

Drawdown Indicators

	URAA	ERX	Difference
Max Drawdown Largest peak-to-trough decline	-67.45%	-99.54%	+32.09%
Max Drawdown (1Y) Largest decline over 1 year	-59.83%	-28.49%	-31.34%
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	-57.80%	-92.81%	+35.01%
Average Drawdown Average peak-to-trough decline	-28.00%	-67.10%	+39.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.03%	10.06%	+19.97%

Volatility

URAA vs. ERX - Volatility Comparison

Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a higher volatility of 30.96% compared to Direxion Daily Energy Bull 2X Shares (ERX) at 13.95%. This indicates that URAA'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.

Volatility by Period

	URAA	ERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.96%	13.95%	+17.01%
Volatility (6M) Calculated over the trailing 6-month period	74.07%	34.17%	+39.90%
Volatility (1Y) Calculated over the trailing 1-year period	95.73%	41.76%	+53.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.51%	51.94%	+37.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.51%	69.06%	+20.45%

URAA vs. ERX - Expense Ratio Comparison

URAA has a 1.28% expense ratio, which is higher than ERX's 1.09% expense ratio.

Dividends

URAA vs. ERX - Dividend Comparison

URAA's dividend yield for the trailing twelve months is around 12.02%, more than ERX's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERX Direxion Daily Energy Bull 2X Shares	1.79%	2.54%	2.94%	3.17%	2.23%	2.16%	2.35%	1.56%	3.10%	0.85%
URAA Direxion Daily Uranium Industry Bull 2X Shares	12.02%	9.14%	4.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both URAA and ERX in my portfolio?

URAA and ERX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URAA or ERX?

URAA has higher volatility (30.96%) compared to ERX (13.95%). In terms of maximum drawdown, URAA dropped -67.45% vs ERX's -99.54%.

Which ETF is better, URAA or ERX?

On 1-year performance, ERX leads with 57.63% vs 3.39% for URAA. On fees, ERX is cheaper at 1.09% per year. On volatility, ERX has been the lower-risk option at 13.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URAA or ERX?

Over the 1-year period, ERX has performed better with a 57.63% return vs 3.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URAA or ERX?

ERX is cheaper with a 1.09% expense ratio, compared with 1.28% for URAA.

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

URAA has the higher dividend yield at 12.02%, compared with 1.79% for ERX.

What is the main difference between URAA and ERX?

URAA is categorized as Uranium, while ERX is Leveraged Equities. URAA tracks Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while ERX tracks Energy Select Sector Index (300%). Their fees differ too: 1.28% for URAA and 1.09% for ERX.

Which has better risk-adjusted returns?

ERX currently has the higher Sharpe Ratio (1.39 vs 0.04), 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.