Direxion Daily Energy Bull 2X ETF
BThis 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.
$119.50+4.42 (+3.84%)
- 0.91%
- $254M
- +128.6%
- 1.21%
- 0.3M sh
- $112.01
- low $50.50high $116.45
The ETF.net ERX Grade
B
Score 69 out of 100
- 1 of 6
Score 69 of 100 falls in the B 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.A75 out of 100Rank 2 of 6Mission
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.A71 out of 100Rank 2 of 6Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B60 out of 100Rank 2 of 6Holdings
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.B55 out of 100Rank 3 of 6
Our read on ERX
BThe 2008 original of the leveraged energy trade: 2x the daily move of the Energy Select Sector Index, built from oil-major stocks rather than crude futures. Sector-wide exposure, dialed up, for holding periods measured in days.
The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of the Energy Select Sector Index for a single day. It is not designed to deliver twice the index’s cumulative return over periods longer than one day.
Why people hold it
- At 0.91% it undercuts every rival in its leveraged energy group, including GUSH (0.94%), UCO and BOIL (0.95%) and DIG (1.07%).
- Rides a stock index of roughly 30 US energy companies, so there is no crude futures roll to fight, unlike the commodity-based versions of the same trade.direxion.com
- Live since November 2008, it has traded through multiple oil booms and busts. Few leveraged sector funds have that much tape behind them.
- One of the stronger implementations in the leveraged energy peer group, with low cost doing much of the heavy lifting.
Worth knowing
- The 2x target resets every day. Hold longer and compounding takes over, so a week or a month can land well away from twice the index move.
- One sector, one country, about 30 stocks, then doubled. The concentration is the point and the risk in the same breath.
- Moderately traded rather than one of the busiest leveraged funds on the tape, so spreads and order size carry more weight at the point of entry.
ERX Holdings
- Stocks
- 28
- 84%
- Ixe Swap Asset Leg (Ixejpl)
Sectors
- Energy100.0%
Geography
- United States100.00%
ERX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ERX$22,863
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 | ERX |
|---|---|
| Year to date | +108.5% |
| 1 month | +3.0% |
| 3 months | +41.8% |
| 1 year | +128.6% |
| 3 years | +25.4% |
| 5 years | +33.7% |
| 10 years | −8.1% |
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 | ERX |
|---|---|---|
| 2026 YTD | +108.5% | |
| 2025 | +2.8% | |
| 2024 | +1.1% | |
| 2023 | −12.3% | |
| 2022 | +130.7% | |
| 2021 | +111.8% | |
| 2020 | −91.6% |
ERX in the news
ERX Dividends
- 1.21%
- $1.39
- $0.37 per share
- Quarterly
Distribution history
ERX 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.
- 41.7%
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.
- 0.47
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.
- −46.9%
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.
- −0.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ERX Cost
0.91%
ERX0.91%
- The middle half of 2x/3x Long Energy funds
- Median 0.94%
1 of the 6 2x/3x Long Energy funds charge less.
Other funds in 2x/3x Long Energy
- CGUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETFExpense ratio 0.94%1 year return +122.9%
- CUCOProShares Ultra Bloomberg Crude OilExpense ratio 0.95%1 year return +191.9%
- CDIGProShares - Ultra EnergyExpense ratio 1.07%1 year return +128.5%
- CXLEXCorgi ETF Trust I - Corgi U.S. Energy 2x Daily ETFExpense ratio 0.45%1 year return —
- DBOILProShares Ultra Bloomberg Natural GasExpense ratio 0.95%1 year return −60.2%