WEEI vs. ERX
WEEI (Westwood Salient Enhanced Energy Income ETF) and ERX (Direxion Daily Energy Bull 2X Shares) are both Energy Equities funds. WEEI is actively managed, while ERX is passively managed. Over the past year, WEEI returned 30.50% vs 85.96% for ERX. Their 0.96 correlation means they have historically moved very closely together. WEEI charges 0.85%/yr vs 0.91%/yr for ERX.
Performance
WEEI vs. ERX - Performance Comparison
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Returns By Period
In the year-to-date period, WEEI achieves a 20.96% return, which is significantly lower than ERX's 71.01% return.
WEEI
- 1D
- 0.40%
- 1M
- 9.54%
- 6M
- 11.64%
- YTD
- 20.96%
- 1Y
- 30.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.50%
ERX
- 1D
- 1.98%
- 1M
- 23.93%
- 6M
- 32.46%
- YTD
- 71.01%
- 1Y
- 85.96%
- 3Y*
- 17.67%
- 5Y*
- 35.70%
- 10Y*
- -8.11%
- ALL TIME*
- -6.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $22.14M | $22.35M | $28.47M | |
| $1.31M | $1.32M | $1.22M |
WEEI vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WEEI Westwood Salient Enhanced Energy Income ETF | 20.96% | 11.28% | -3.19% |
ERX Direxion Daily Energy Bull 2X Shares | 71.01% | 2.79% | -17.69% |
Correlation
The correlation between WEEI and ERX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 1, 2024 | 0.96 |
The correlation between WEEI and ERX has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
WEEI vs. ERX - Sectors Allocation Comparison
Sectors
WEEI
ERX
Energy
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Energy
WEEI
ERX
Basic Materials
WEEI
-
ERX
-
Communication Services
WEEI
-
ERX
-
Consumer Cyclical
WEEI
-
ERX
-
Consumer Defensive
WEEI
-
ERX
-
Financial Services
WEEI
-
ERX
-
Healthcare
WEEI
-
ERX
-
Industrials
WEEI
-
ERX
-
Real Estate
WEEI
-
ERX
-
Technology
WEEI
-
ERX
-
Utilities
WEEI
-
ERX
-
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Return for Risk
WEEI vs. ERX — Risk / Return Rank
WEEI
ERX
WEEI vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Energy Income ETF (WEEI) 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.
| WEEI | ERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.65 | +0.14 |
| Martin ratioReturn relative to average drawdown | 8.66 | 6.74 | +1.92 |
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Drawdowns
WEEI vs. ERX - Drawdown Comparison
The maximum WEEI drawdown since its inception was -18.78%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for WEEI and ERX.
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Drawdown Indicators
| WEEI | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.78% | -99.54% | +80.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -29.97% | +19.70% |
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 | -1.03% | -91.37% | +90.34% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -67.24% | +62.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 11.83% | -8.49% |
Volatility
WEEI vs. ERX - Volatility Comparison
The current volatility for Westwood Salient Enhanced Energy Income ETF (WEEI) is 4.28%, while Direxion Daily Energy Bull 2X Shares (ERX) has a volatility of 11.87%. This indicates that WEEI 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
| WEEI | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 11.87% | -7.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 33.76% | -22.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 42.31% | -27.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 51.50% | -33.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 68.84% | -50.61% |
WEEI vs. ERX - Expense Ratio Comparison
WEEI has a 0.85% expense ratio, which is lower than ERX's 0.91% expense ratio.
Dividends
WEEI vs. ERX - Dividend Comparison
WEEI's dividend yield for the trailing twelve months is around 11.24%, more than ERX's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 1.49% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
WEEI Westwood Salient Enhanced Energy Income ETF | 11.24% | 12.59% | 7.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, WEEI and ERX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ERX has higher volatility (11.87%) compared to WEEI (4.28%). In terms of maximum drawdown, WEEI dropped -18.78% vs ERX's -99.54%.
On 1-year performance, ERX leads with 85.96% vs 30.50% for WEEI. On fees, WEEI is cheaper at 0.85% per year. On volatility, WEEI has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ERX has performed better with a 85.96% return vs 30.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WEEI is cheaper with a 0.85% expense ratio, compared with 0.91% for ERX.
WEEI has the higher dividend yield at 11.24%, compared with 1.49% for ERX.
They also come from different issuers: Westwood and Direxion. Their fees differ too: 0.85% for WEEI and 0.91% for ERX.
WEEI currently has the higher Sharpe Ratio (1.96 vs 1.88), 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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