Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF
CThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$30.15−1.85 (−5.78%)
- 1.03%
- $122M
- −66.0%
- 3.85%
- 2.1M sh
- $32.87
- low $30.52high $99.00
The ETF.net DRIP Grade
C
Score 47 out of 100
- 4 of 5
Score 47 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C43 out of 100Rank 3 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 3 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 3 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 3 of 5
Our read on DRIP
CThe short bet on the drillers, not the barrel. DRIP aims for 200% of the inverse daily move of an S&P index of oil and gas exploration and production stocks, reset every single session.
The fund seeks daily investment results equal to 200% of the inverse performance of the S&P Oil & Gas Exploration & Production Select Industry Index, before fees and expenses.
Why people hold it
- Shorts E&P equities rather than crude futures. Cohort rivals SCO and KOLD track commodity contracts; DRIP's reference is a stock index of explorers and producers.direxion.com
- The mandate is unambiguous: one index, one multiple (-2x), one day. No manager discretion, no stock picking, nothing to interpret.
- A 1.03% fee lands right at the middle of its leveraged energy bear group, and well under the priciest name in it, DUG.
- Trading since 2015 and actively traded, which matters for a fund designed to be held in short stretches.
Worth knowing
- The -2x target applies to a single day. Hold longer and compounding pulls results away from twice the index's inverse move, especially through choppy stretches.direxion.com
- Cheaper shorts exist nearby: SCO and KOLD both run 0.95%, though they track commodity futures instead of E&P shares.
- Inside its small bear-energy cohort, DRIP sits in the lower half of our overall read, with cost and volatility the sticking points.
DRIP Holdings
- Other
- 5
- 228%
- Spsiop Swap Asset Leg (Spsiopmls)
DRIP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
DRIP$3,398
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DRIP |
|---|---|
| Year to date | −63.9% |
| 1 month | −0.4% |
| 3 months | −36.2% |
| 1 year | −66.0% |
| 3 years | −29.8% |
| 5 years | −40.9% |
| 10 years | −41.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DRIP |
|---|---|---|
| 2026 YTD | −63.9% | |
| 2025 | −14.8% | |
| 2024 | +1.3% | |
| 2023 | −17.1% | |
| 2022 | −73.6% | |
| 2021 | −79.7% | |
| 2020 | −42.8% |
DRIP in the news
DRIP Dividends
- 3.85%
- $1.23
- $0.27 per share
- Quarterly
Distribution history
DRIP Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 44.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.53
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −94.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DRIP Cost
1.03%
DRIP1.03%
- The middle half of Inverse Energy funds
- Median 1.03%
2 of the 5 Inverse Energy funds charge less.
Other funds in Inverse Energy
- BSCOProShares - UltraShort Bloomberg Crude OilExpense ratio 0.95%1 year return −76.8%
- BKOLDProShares - UltraShort Bloomberg Natural GasExpense ratio 0.95%1 year return −31.5%
- CERYDirexion Daily Energy Bear 2X ETFExpense ratio 1.04%1 year return −62.2%
- DDUGProShares UltraShort EnergyExpense ratio 1.41%1 year return −62.3%