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
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Select ETFs to compare their performance:
PERFORMANCE [as of 01/14/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ERY -3.13% 41.04% -22.34% 35.92% -35.79% -13.61% -37.18%
ERY (NAV) -7.04% 43.11% -21.48% 40.73% -33.98% -13.85% --
S&P Energy Select Sector Index 0.60% -14.49% 7.99% -17.59% 6.59% -3.72% --
S&P GSCI -1.57% -17.03% 6.66% -10.40% 6.16% -12.80% --
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%
$25.58M
0.12%

ERY Portfolio Data

0.73%
12/27/18

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
Bats 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 01/15/19
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

292,971
$15.55M
258,286
$14.60M
0.12%
$0.06
0.00%
0.56% / -0.36%
None
0.00%
50,000
5.17
0.00%
--
5,286
$50.74
5