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ERY vs SCO

Direxion Daily Energy Bear 2X ETF

ERYCNYSE Arca

ProShares UltraShort Bloomberg Crude Oil

SCOBNYSE Arca

Overlap

Expense ratio

SCO −0.04pt a year

ERY0.99%SCO0.95%

Avg volume · 30D

ERY 1.9×the volume

ERY10MSCO5.23M

10Y return · a year

ERY +6.3pt

ERY−35.3%SCO−41.6%

ERY vs SCO Performance

Oct 29, 2021 – Oct 30, 2026

−92.4%ERY−94.0%SCO

Oct 29, 2021 to Oct 30, 2026. ERY −92.4%. SCO −94.0%. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026
Expense ratio
ERY 0.99%
SCO 0.95%, better
Fund size
ERY $48M
SCO $841M
1Y total return
ERY −64.2%, better
SCO −78.3%
Yield (12M)
ERY 4.21%
SCO No data
Holdings
ERY 4
SCO 1
Avg volume (30D)
ERY 10M sh, better
SCO 5.23M sh
NAV per share
ERY $7.57
SCO $15.46
52W range

ETF.net Grade

ERY: Cost 30, Risk 55, Mission not scored, Tradability 52, Holdings not scored, Durability 40. SCO: Cost 65, Risk 34, Mission not scored, Tradability 72, Holdings not scored, Durability 67.
Pillar letters and Scores for ERY, SCO, with each pillar’s weight
PillarERYSCO
Cost30% weightD30B65Higher
Mission25% weightNot scoredNot scored
Risk15% weightB55HigherD34
Tradability15% weightC52A72Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC40B67Higher

Rank among Inverse 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. ERY and SCO are both graded against the same 5 Inverse Energy funds, so their Grades compare head to head.

Inverse Energy⁠

Category · 5 funds
See all 5 ›

SCO ranks 1st and ERY 4th of 5 funds in the Inverse Energy Category.

  1. Rank 1BSCOProShares UltraShort Bloomberg Crude OilScore 59
  2. Rank 2BDUGProShares UltraShort EnergyScore 56
  3. Rank 3BKOLDProShares UltraShort Bloomberg Natural GasScore 55
  4. Rank 4CERYDirexion Daily Energy Bear 2X ETFScore 41
  5. Rank 5DDRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETFScore 29

Our read on each fund

ETF.net Research

ERYCDirexion Daily Energy Bear 2X ETF

SCOBProShares UltraShort Bloomberg Crude Oil

In short

ERY A 2008-vintage way to lean against Big Oil: ERY aims for negative 200% of the daily move in the S&P 500's energy sector, shorting the stocks themselves rather than crude futures. Built as a single-day tool.

SCO A 2008-vintage double-short on crude: built to deliver -2x the daily move of a balanced WTI crude oil index. Cheaper than most bear-energy rivals, heavily traded, and it resets every day.

Stated mandate

ERY 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.

SCO SCO seeks daily pre-fee results corresponding to negative two times the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.

Why people hold it

  • ERY Shorts the equity sector, not the barrel: the target index holds the S&P 500's oil, gas and energy-services names, so there is no futures roll to manage.sec.gov
  • Listed in 2008, it has traded through multiple oil busts and remains one of the more actively traded names in a thin bear-energy corner.
  • The contract is plain: negative 200% of the Energy Select Sector Index for a single day, before fees and expenses. Distributions are quarterly.
  • SCO Targets -2x the daily move of the Bloomberg Commodity Balanced WTI Crude Oil Index, a specific daily mandate rather than a vague short-oil pitch.
  • 0.95% expense ratio sits under the 1.03% cohort median and undercuts bear-energy peers DRIP, ERY and DUG.
  • Trading since 2008 and among the most actively traded funds in its niche, which usually shows up as easier entries and exits.
  • Stands among the stronger implementations in its small bear-energy peer group.

Worth knowing

  • ERY Daily reset: over multiple days results can drift well away from negative 2x the index's cumulative move, especially in choppy markets. Direxion frames it as a one-day position.direxion.com
  • At 0.99% net of a waiver through September 1, 2027 (gross 1.04%), the fee sits near the category median and above DUG's 0.95%, net of a waiver through September 30, 2027.
  • Short side, so a rising energy sector works against you at roughly twice the daily pace. Leverage cuts both directions.
  • SCO The leverage resets daily. Hold past a day and compounding can pull results away from -2x the period's oil move, especially in choppy markets.
  • Structured as a commodity pool, not a standard registered fund, so reporting and tax paperwork differ from an equity ETF.proshares.com
  • Doubled-up exposure to one of the market's most volatile commodities means outsized swings in both directions.

Full ERY profile⁠

Full SCO profile⁠

ERY vs SCO 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.

ERY vs SCO Cost

Overpaying ERY vs SCO

$656

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

  • ERY 0.99%

    $18,525

  • SCO 0.95%

    $17,869

$10,000
30 years

Cost over time

  • ERY 0.99%
  • SCO 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ERY $18,525SCO $17,869

Year by year

YearERYSCOOverpaying
10$1,746$1,678$68
20$6,565$6,322$243
30$18,525$17,869$656

Expense ratio

  • 0.99%ERY
  • 0.95%SCO, cheaper
  • Middle half of Inverse Energy funds
  • Median 0.95%

SCO cheapest of 5 funds

ERY 4th cheapest of 5 funds

ERY vs SCO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ERY 4.21%
SCO No data
Payout (12M)
ERY $0.31
SCO None
Last payment
ERY $0.07
SCO No data
Ex-dividend
ERY Sep 22, 2026
SCO No data
Paid on
ERY Sep 29, 2026
SCO No data
Frequency
ERY Quarterly
SCO No data

Distribution history

Per share, 2018 to 2026, same scale for both

ERYQuarterly · 24 paymentsAll ERY payments⁠
One bar per payment. 24 payments from 2018 to 2026 YTD. Mar 20, 2018 $0.89; Sep 25, 2018 $0.71; Dec 27, 2018 $2.05; Mar 19, 2019 $1.79; Jun 25, 2019 $2.05; Sep 24, 2019 $1.30; Dec 23, 2019 $0.76; Mar 24, 2020 $1.50; Dec 20, 2022 $0.09; Mar 21, 2023 $0.36; Jun 21, 2023 $0.32; Sep 19, 2023 $0.24; Dec 21, 2023 $0.23; Mar 19, 2024 $0.37; Jun 25, 2024 $0.35; Sep 24, 2024 $0.23; Dec 23, 2024 $0.09; Mar 25, 2025 $0.35; Jun 24, 2025 $0.14; Sep 23, 2025 $0.12; Dec 23, 2025 $0.08; Mar 24, 2026 $0.07; Jun 23, 2026 $0.09; Sep 22, 2026 $0.07. Use the arrow keys to read each point.$0$2202020232026YTD
SCOAll SCO payments⁠

No distribution history available.

ERY vs SCO Risk

Fall from peak · 5 years

  • ERY
  • SCO
Oct 29, 2021 to Oct 30, 2026. Worst fall: SCO −95.5% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ERY 39.0%, betterSCO 49.5%
Return per unit of riskSharpe ratio, 3 years
ERY −0.95SCO −0.84, better
Worst fallMax drawdown, 5 years
ERY −93.1%, betterSCO −95.5%
Market sensitivityBeta, 5 years
ERY −0.03SCO −2.47

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