ERY

Direxion Daily Energy Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

ERY Fund Description

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

ERY Factset Analytics Insight

ERY provides daily 3x exposure to the S&P Energy Select Sector Index—a constituency of energy companies derived from the S&P 500. Remember that this is an extremely concentrated sector, and therefore ERY is specifically a heavy bet on segment giants Exxon and Chevron, who account for roughly a third of the underlying index. Although ERY has an incredibly high expense ratio, consider that the fund is designed to be a short-term trading vehicle. ERY rebalances daily and, as a result, compounding and path dependency lead to a lack of predictability in the fund's long-term returns. Still, ERY has amassed a healthy asset base, with several million dollars trading hands in the fund on a given day. Large investors can get a fair deal when working with liquidity providers, while smaller investors can expect reasonably small bid/ask spreads.

ERY CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 05/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ERY 12.09% 0.86% -34.53% 38.46% -20.94% -11.20% -35.73%
ERY (NAV) 11.95% 0.78% -34.20% 38.40% -20.98% -11.20% --
S&P Energy Select Sector Index -3.93% -0.77% 13.54% -15.59% 2.26% -4.60% --
S&P GSCI -1.21% 3.77% 17.86% -8.86% 3.26% -12.52% -4.16%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ERY Summary Data

Direxion
11/06/08
Open-Ended Fund
1.07%
$22.20M
0.09%

ERY Portfolio Data

1.07%
06/25/19

ERY Index Data

Market Cap
Committee
S&P GSCI

ERY Fund Structure

Yes
No
No Policy
N/A
N/A
High
-3
Daily

ERY Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

ERY Factset Analytics Block Liquidity

As of 05/22/19
5
4
3
2
1

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

ERY Tradability

202,310
$7.99M
196,005
$7.35M
0.09%
$0.04
-0.01%
0.56% / -0.36%
None
0.00%
50,000
3.92
0.00%
--
6,648
$42.33
5