ERY

Direxion Daily Energy Bear 2X 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
  • 3 Years
  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 04/02/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ERY 39.78% 176.43% 168.97% 174.51% 23.80% 1.59% -23.04%
ERY (NAV) 39.88% 176.32% 169.56% 174.40% 23.81% 1.59% -23.05%
S&P Energy Select Sector Index -34.83% -49.36% -48.94% -51.12% -20.75% -13.91% -23.05%
S&P GSCI -29.16% -40.53% -40.45% -40.26% -12.37% -12.44% -10.27%
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%
$46.09M
0.13%

ERY Portfolio Data

0.53%
03/24/20

ERY Index Data

Market Cap
Committee
S&P GSCI

ERY Fund Structure

Yes
No
No Policy
N/A
N/A
High
2
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 04/03/20
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

351,715
$32.42M
274,510
$25.56M
0.13%
$0.11
-0.01%
3.53% / -1.55%
None
0.00%
50,000
5.49
0.00%
--
4,307
$105.62
N/A