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ETFs

Direxion Daily Energy Bull 2X Shares

ERX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 06 2008
Expense Ratio
0.92%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$34,365,796
AUM
$409,529,910
Associated Index
Energy Select Sector Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
13.87%
XOM
Exxon Mobil Corp.
6.56%
CVX
Chevron Corp.
5.25%
EOG
EOG Resources, Inc.
1.27%
SLB
SLB
1.27%
COP
Conoco Phillips
1.25%
MPC
Marathon Petroleum Corp
1.24%
PSX
Phillips 66
1.07%
PXD
Pioneer Natural Resources Co.
1.05%
VLO
Valero Energy Corp.
1.04%
Invest with ERX

What is ERX?

The Energy Bull 2X ETF seeks daily investment results before fees and expenses of 200% of the price performance of the Russell 1000 Energy Index (Energy Index). There is no guarantee the fund will meet its stated investment objective.

ETFs related toERX

ETFs correlated to ERX include XLE, DIG, VDE

ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
DIG
ProShares Trust - ProShares Ultra Energy
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
OILU
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy ETF
NRGU
Bank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toERX

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with ERX using Composer

News Related to ERX

EXCLUSIVE: Energy, Semiconductors Could Dominate Portfolios In 2025, Says Direxion CEO

Jan 14, 2025 • by Surbhi Jain
EXCLUSIVE: Energy, Semiconductors Could Dominate Portfolios In 2025, Says Direxion CEO
Read

BofA Highlights 3 Value Sectors Amid Fed's 'Rare Double Whammy' Of Stimulus

Oct 1, 2024 • by Kaustubh Bagalkote
BofA Highlights 3 Value Sectors Amid Fed's 'Rare Double Whammy' Of Stimulus
Read

EXCLUSIVE: Beyond The Magnificent Seven — Direxion's Egilinsky Reveals Top Sector Picks

Aug 30, 2024 • by Surbhi Jain
EXCLUSIVE: Beyond The Magnificent Seven — Direxion's Egilinsky Reveals Top Sector Picks
Read

Looking To Trade The Energy Sector Following Exxon's Climate Prediction? This Fund (ERX) Offers 2X Leverage

Aug 29, 2023 • by Melanie Schaffer
Looking To Trade The Energy Sector Following Exxon's Climate Prediction? This Fund (ERX) Offers 2X Leverage
Read

FAQ

ERX is a US Equities ETF. The Energy Bull 2X ETF seeks daily investment results before fees and expenses of 200% of the price performance of the Russell 1000 Energy Index (Energy Index). There is no guarantee the fund will meet its stated investment objective.

ERX tracks the Energy Select Sector Index.

No, ERX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ERX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ERX is 0.096%. This is the percent change in the value of ERX over the most recent 1-month period. The 3-month return on ERX is 0.3086%. This is the percent change in the value of ERX over the most recent 3-month period.

The standard deviation of ERX for the past year is 0.5422%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ERX include SSO, QID, and SDS.

ETFs correlated to ERX include XLE, DIG, and VDE.

ETFs that are inversely correlated to ERX include ERY, DUG, and OILD.

Yes, ERX is a Leveraged (2x) ETF: This means that ERX will try to match the performance of Energy Select Sector Index, but with 2x the returns.

Yes, ERX is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Energy Select Sector Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.