Direxion Daily Energy Bear 2X ETF
$9.21−0.17 (−1.87%)
- Expense ratio
- 1.04%
- Fund size
- $45M
- 1Y return
- −54.3%
- Yield · Last 12 months
- 4.59%
- Holdings
- 8
- Volume · 30D
- 4.1M sh
- NAV per share
- $8.79
- 52W range
The ETF.net ERY Grade
Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 43Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 58Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 40Category rank
Our read on ERY
CThe energy short that targets the stocks, not the barrels. ERY aims for negative 200% of the Energy Select Sector Index's daily move, an equity bet on the sector going the other way, with the leverage reset every single day. Running since 2008.
The fund seeks daily investment results, before fees and expenses, equal to negative 200% of the Energy Select Sector Index. It is a leveraged inverse strategy intended for a single day rather than the index’s cumulative return over longer periods.
Why people hold it
- Shorts an equity benchmark, the Energy Select Sector Index, rather than commodity futures. That is a different exposure from cohort peers SCO and KOLD, which short crude and natural gas.direxion.com
- Live since 2008 and actively traded, so getting in and out is rarely the hard part.
- The 1.04% fee sits right at the median for bear energy funds (1.03%) and well under DUG's 1.41%.
Worth knowing
- The leverage resets daily. Held longer than a day, results can drift well away from negative 2x the index's move over that stretch, and choppy markets widen the gap.direxion.com
- Cheaper shorts exist in the group: SCO and KOLD charge 0.95%, though both aim at commodity futures instead of energy shares.
- A small fund by ETF standards, so it depends more on steady trader interest than the larger names on the leveraged shelf.
ERY Holdings
- Other
- 8
- 242%
- IXE SWAP ASSET LEG (IXEUBS)
ERY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | ERY |
|---|---|
| Year to date | −51.8% |
| 1 month | +4.7% |
| 3 months | −25.1% |
| 1 year | −54.3% |
| 3 years | −25.4% |
| 5 years | −41.4% |
| 10 years | −33.8% |
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 | ERY |
|---|---|---|
| 2026 YTD | −51.8% | |
| 2025 | −18.5% | |
| 2024 | −5.5% | |
| 2023 | −0.3% | |
| 2022 | −73.6% | |
| 2021 | −68.0% | |
| 2020 | −11.9% |
ERY in the news
ETF.net Research hasn’t filed on ERY yet — coverage lands here as it’s written.
ERY Dividends
- 4.59%
- $0.43
- $0.07 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.07 |
| Jun 23, 2026 | Jun 30, 2026 | $0.09 |
| Mar 24, 2026 | Mar 31, 2026 | $0.07 |
| Dec 23, 2025 | Dec 31, 2025 | $0.08 |
| Sep 23, 2025 | Sep 30, 2025 | $0.12 |
| Jun 24, 2025 | Jul 1, 2025 | $0.14 |
| Mar 25, 2025 | Apr 1, 2025 | $0.35 |
| Dec 23, 2024 | Dec 31, 2024 | $0.09 |
| Sep 24, 2024 | Oct 1, 2024 | $0.23 |
| Jun 25, 2024 | Jul 2, 2024 | $0.35 |
| Mar 19, 2024 | Mar 26, 2024 | $0.37 |
| Dec 21, 2023 | Dec 29, 2023 | $0.23 |
ERY 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.
- 37.6%
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.
- −0.77
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.
- −93.8%
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.
ERY Cost
- The middle half of Inverse Energy funds
- Median 1.03%
3 of the 5 Inverse Energy funds charge less.