ERX

Direxion Daily Energy Bull 3x Shares
*Unless otherwise stated, data provided by FactSet.

ERX Fund Description

ERX provides 3x leveraged exposure to a market-cap-weighted index of US large-cap companies in the energy industry.

ERX Factset Analytics Insight

ERX provides 3x leveraged exposure to the S&P Energy Select Sector Index—a market-cap-weighted index of US energy companies from the S&P 500, heavily weighted towards the handful of firms that dominate the energy sector. Providing hyper-concentrated exposure to a concentrated sector, the ERX wasn't designed to be a long-term investment, but a short-term trading vehicle, making its high but typical fee less important. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index and beta-1 funds, such as XLE, that track that index. Despite this, ERX's asset base is indicative of strong investor interest, which is also reflected by ample liquidity and narrow spreads.

ERX MSCI ESG Analytics Insight

Direxion Daily Energy Bull 3x Shares has an MSCI ESG Fund Rating of BBB based on a score of 5.60 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily Energy Bull 3x Shares ranks in the 52nd percentile within its peer group and in the 50th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

ERX Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 03/26/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ERX -86.45% -93.48% -93.44% -94.99% -65.78% -53.38% -28.94%
ERX (NAV) -86.39% -93.47% -93.44% -94.97% -65.75% -53.35% -28.92%
S&P Energy Select Sector Index -35.18% -48.48% -48.42% -50.55% -19.95% -13.57% -28.92%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ERX Summary Data

Direxion
11/06/08
Open-Ended Fund
1.06%
$129.79M
0.09%

ERX Portfolio Data

14.97%
03/24/20

ERX Index Data

Market Cap
Committee
N/A

ERX Fund Structure

Yes
Yes
No Policy
N/A
N/A
Low
3
Daily

ERX Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

ERX Factset Analytics Block Liquidity

As of 03/27/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ERX. ERX is rated a N/A out of 5.

ERX Tradability

7,996,352
$40.45M
3,804,411
$32.26M
0.09%
$0.01
-0.02%
948.95% / -0.26%
None
0.00%
50,000
76.09
0.05%
--
266,150
$11.51
N/A

ERX MSCI ESG Ratings

5.60 / 10
50.00
52.25
--
0.10%
437.84

Options Strategies for Outcome Investing

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