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
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Select ETFs to compare their performance:
PERFORMANCE [as of 11/08/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ERY -23.69% -12.73% -32.43% 5.11% -11.86% -12.24% -30.82%
ERY (NAV) -23.79% -13.02% -32.13% 4.88% -11.92% -12.24% --
S&P Energy Select Sector Index 8.74% 2.57% 8.85% -8.23% -1.16% -4.22% --
S&P GSCI 4.92% 6.81% 12.91% -4.71% 4.29% -9.75% -5.58%
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%
$23.84M
0.06%

ERY Portfolio Data

1.66%
12/23/19

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 -

ERY Factset Analytics Block Liquidity

As of 11/11/19
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 N/A out of 5.

ERY Tradability

333,521
$15.72M
287,396
$14.03M
0.06%
$0.03
-0.01%
0.56% / -0.30%
None
0.00%
50,000
5.75
0.00%
--
4,948
$43.34
N/A