ERX

Direxion Daily Energy Bull 2x Shares
*Unless otherwise stated, data provided by FactSet.

ERX Fund Description

ERX provides 2x leveraged exposure to a market-cap-weighted index of US large-cap companies in the energy industry.

ERX Factset Analytics Insight

ERX provides 2x 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. 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. Prior to March 31, 2020, the fund provided 3x daily exposure to the same index.

ERX Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 10/21/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ERX -19.84% -31.99% -94.66% -93.20% -67.85% -51.07% -30.71%
ERX (NAV) -17.64% -41.81% -94.89% -93.81% -68.24% -51.12% -30.96%
S&P Energy Select Sector Index -8.28% -22.25% -48.81% -44.88% -20.44% -11.58% --
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%
$256.37M
0.09%
DIG

ERX Portfolio Data

10.11%
12/22/20

ERX Index Data

Market Cap
Committee
N/A

ERX Fund Structure

Yes
Yes
No Policy
N/A
N/A
Low
2
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 10/22/20
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

3,666,630
$40.92M
3,429,620
$38.27M
0.09%
$0.01
0.01%
948.95% / -0.82%
None
0.00%
50,000
68.59
0.02%
--
146,976
$8.88
N/A

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.