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ERX vs XLEX

Direxion Daily Energy Bull 2X ETF

ERXBNYSE Arca

Corgi U.S. Energy 2x Daily ETF

XLEXCCboe

Overlap

Expense ratio

XLEX −0.46pt a year

ERX0.91%XLEX0.45%

Avg volume · 30D

ERX 131.2×the volume

ERX287KXLEX2.19K

ERX vs XLEX Performance

Jul 31, 2026 – Oct 30, 2026

+36.5%ERX+33.9%XLEX

Jul 31, 2026 to Oct 30, 2026. ERX +36.5%. XLEX +33.9%. Use the arrow keys to read each point.−10%0%10%20%Jul 2026Sep 2026Oct 2026
Expense ratio
ERX 0.91%
XLEX 0.45%, better
Fund size
ERX $287M
XLEX $1M
1Y total return
ERX +140.9%
XLEX No data
Yield (12M)
ERX 1.08%
XLEX No data
Holdings
ERX 28
XLEX 1
Avg volume (30D)
ERX 287K sh, better
XLEX 2.19K sh
NAV per share
ERX $124.23
XLEX $34.89
52W range

ETF.net Grade

ERX: Cost 74, Risk 69, Mission not scored, Tradability 54, Holdings not scored, Durability 53. XLEX: Cost 90, Risk 80, Mission not scored, Tradability 23, Holdings not scored, Durability 17.
Pillar letters and Scores for ERX, XLEX, with each pillar’s weight
PillarERXXLEX
Cost30% weightA74A90Higher
Mission25% weightNot scoredNot scored
Risk15% weightB69A80Higher
Tradability15% weightC54HigherF23
Holdings10% weightNot scoredNot scored
Durability5% weightC53HigherF17

Rank among 2x/3x Long Energy funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ERX and XLEX are both graded against the same 6 2x/3x Long Energy funds, so their Grades compare head to head.

2x/3x Long Energy⁠

Category · 6 funds
See all 6 ›

ERX ranks 1st and XLEX 5th of 6 funds in the 2x/3x Long Energy Category.

  1. Rank 1BERXDirexion Daily Energy Bull 2X ETFScore 66
  2. Rank 2CGUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETFScore 50
  3. Rank 4CDIGProShares Ultra EnergyScore 47
  4. Rank 5CXLEXCorgi U.S. Energy 2x Daily ETFScore 40
  5. Rank 6DBOILProShares Ultra Bloomberg Natural GasScore 33

Our read on each fund

ETF.net Research

ERXBDirexion Daily Energy Bull 2X ETF

XLEXCCorgi U.S. Energy 2x Daily ETF

In short

ERX The 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.

XLEX No data

Stated mandate

ERX 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.

XLEX No data

Why people hold it

  • ERX 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.

XLEX No data

Worth knowing

  • ERX 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.

XLEX No data

Full ERX profile⁠

Full XLEX profile⁠

ERX vs XLEX Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ERX vs XLEX Cost

Overpaying ERX vs XLEX

$8,166

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ERX 0.91%

    $17,207

  • XLEX 0.45%

    $9,041

$10,000
30 years

Cost over time

  • ERX 0.91%
  • XLEX 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ERX $17,207XLEX $9,041

Year by year

YearERXXLEXOverpaying
10$1,610$812$798
20$6,076$3,128$2,948
30$17,207$9,041$8,166

Expense ratio

  • 0.91%ERX
  • 0.45%XLEX, cheaper
  • Middle half of 2x/3x Long Energy funds
  • Median 0.94%

XLEX cheapest of 6 funds

ERX 2nd cheapest of 6 funds

ERX vs XLEX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ERX 1.08%
XLEX No data
Payout (12M)
ERX $1.39
XLEX None
Last payment
ERX $0.37
XLEX No data
Ex-dividend
ERX Sep 22, 2026
XLEX No data
Paid on
ERX Sep 29, 2026
XLEX No data
Frequency
ERX Quarterly
XLEX No data

Distribution history

Per share, 2017 to 2026, same scale for both

ERXQuarterly · 35 paymentsAll ERX payments⁠
One bar per payment. 35 payments from 2017 to 2026 YTD. Mar 21, 2017 $0.20; Jun 20, 2017 $0.64; Dec 19, 2017 $2.14; Jun 19, 2018 $2.74; Sep 25, 2018 $1.14; Dec 27, 2018 $0.82; Mar 19, 2019 $1.28; Sep 24, 2019 $0.71; Dec 23, 2019 $0.74; Jun 23, 2020 $0.16; Sep 22, 2020 $0.10; Dec 22, 2020 $0.07; Mar 23, 2021 $0.12; Jun 22, 2021 $0.16; Sep 21, 2021 $0.17; Dec 21, 2021 $0.19; Mar 22, 2022 $0.36; Jun 22, 2022 $0.38; Sep 20, 2022 $0.42; Dec 20, 2022 $0.33; Mar 21, 2023 $0.50; Jun 21, 2023 $0.47; Sep 19, 2023 $0.45; Dec 21, 2023 $0.37; Mar 19, 2024 $0.51; Jun 25, 2024 $0.41; Sep 24, 2024 $0.39; Dec 23, 2024 $0.32; Mar 25, 2025 $0.45; Jun 24, 2025 $0.32; Sep 23, 2025 $0.38; Dec 23, 2025 $0.27; Mar 24, 2026 $0.52; Jun 23, 2026 $0.24; Sep 22, 2026 $0.37. Use the arrow keys to read each point.$0$2.502017202020232026YTD
XLEXAll XLEX payments⁠

No distribution history available.

ERX vs XLEX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ERX 43.5%XLEX No data
Return per unit of riskSharpe ratio, 3 years
ERX 0.77XLEX No data
Worst fallMax drawdown, 5 years
ERX −46.9%XLEX No data
Market sensitivityBeta, 5 years
ERX −0.03XLEX 2.55

Popular comparisons

  • ERXBvsGUSHC

    Direxion Daily Energy Bull 2X ETF · Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF

    Expense ratio
    0.91% · 0.94%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XLEXCvsGUSHC

    Corgi U.S. Energy 2x Daily ETF · Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF

    Expense ratio
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  • ERXBvsUCOC

    Direxion Daily Energy Bull 2X ETF · ProShares Ultra Bloomberg Crude Oil

    Expense ratio
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    Category
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  • XLEXCvsUCOC

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    Expense ratio
    0.45% · 0.95%
    Category
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  • ERXBvsDIGC

    Direxion Daily Energy Bull 2X ETF · ProShares Ultra Energy

    Expense ratio
    0.91% · 0.95%
    Category
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  • XLEXCvsDIGC

    Corgi U.S. Energy 2x Daily ETF · ProShares Ultra Energy

    Expense ratio
    0.45% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.