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
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  • 1 Year
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  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 02/20/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ERY 22.37% 7.47% 28.22% 26.79% -1.62% -11.26% -29.22%
ERY (NAV) 22.41% 7.51% 28.50% 26.85% -1.59% -11.27% -29.21%
S&P Energy Select Sector Index -7.28% -3.46% -8.79% -12.06% -4.60% -3.88% -29.21%
S&P GSCI -6.12% -3.14% -8.13% -4.61% -0.17% -5.42% -6.06%
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%
$22.96M
0.05%

ERY Portfolio Data

1.17%
03/24/20

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 -

ERY Factset Analytics Block Liquidity

As of 02/21/20
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 N/A out of 5.

ERY Tradability

271,110
$12.47M
243,745
$11.55M
0.05%
$0.02
-0.01%
0.32% / -0.30%
None
0.00%
50,000
4.87
0.00%
--
5,145
$50.40
N/A