ERY

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

ERY Fund Description

The Direxion Daily Energy Bear ETF 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 08/16/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ERY 11.83% 16.24% -15.81% -48.69% -33.26% -22.93% --
ERY (NAV) 18.39% 17.39% -14.29% -46.02% -32.83% -22.41% --
S&P Energy Select Sector Index -3.90% -5.98% 1.87% 19.33% 4.59% 0.45% --
N/A -- -- -- -- -- -- --
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%
$42.19M
0.08%

ERY Portfolio Data

0.23%
09/25/18

ERY Index Data

Market Cap
Committee
N/A

ERY Fund Structure

Yes
No
No Policy
N/A
N/A
Medium
-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 08/17/18
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

401,762
$13.61M
347,908
$11.94M
0.08%
$0.03
0.02%
3.89% / -0.37%
None
0.00%
50,000
6.96
0.00%
0.05%
5,437
$38.62
5