ERX
ERX (Direxion Daily Energy Bull 3X Shares) is an exchange-traded fund (ETF) designed to provide three times (3x) the daily performance of the Energy Select Sector Index. It aims to offer leveraged exposure to the energy sector, including oil and gas companies.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Oct 8, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
-4.21%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
28.14%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
30.19%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
46.02%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
1.96
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
2.99
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Unlock Full Potential NowFrequently Asked Questions
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Similar ETFs to ERX include: DIG (Direxion Daily Energy Bull 2X Shares), which seeks to provide twice (2x) the daily performance of the Energy Select Sector Index; XOP (SPDR S&P Oil & Gas Exploration & Production ETF), which provides exposure to the oil and gas exploration and production sector but without leverage; and XLE (Energy Select Sector SPDR Fund), which provides exposure to the energy sector, including integrated oil, gas, and consumable fuels.
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Yes, ERX can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged nature, it is important to consider how it fits within your overall investment strategy and risk tolerance.
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ERX is managed by Direxion and utilizes financial derivatives such as futures contracts, options, and swaps to achieve its goal of delivering three times the daily performance of the Energy Select Sector Index. The ETF is rebalanced daily to maintain this leverage.
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Key performance metrics for ERX include its net asset value (NAV), daily percentage returns, expense ratio, and tracking error. NAV reflects the per-share value of the ETF, daily returns show the leveraged performance relative to the Energy Select Sector Index, the expense ratio covers management fees, and tracking error measures deviation from the ETF’s target performance.
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ERX uses financial derivatives to achieve three times the daily performance of the Energy Select Sector Index. The ETF is rebalanced daily to maintain this 3x leverage ratio, which can amplify returns in rising markets and magnify losses in falling markets.
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ERX typically distributes dividends on a quarterly basis. These dividends are derived from income produced by the fund’s underlying securities and any net investment income.
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ERX aims to deliver three times the daily performance of the Energy Select Sector Index. Due to its leveraged nature, its performance can vary significantly from the index over longer periods due to daily compounding effects and rebalancing.
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ERX has an expense ratio of approximately 0.95%. This fee covers the costs associated with managing the fund, including administrative and operational expenses.
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ERX adjusts its holdings and leverage daily to reflect changes in the Energy Select Sector Index. The ETF uses derivatives to achieve its 3x leverage ratio and rebalances frequently to maintain this exposure.
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Investors can buy shares of ERX through a brokerage account. It is traded on major stock exchanges under the ticker symbol "ERX" and can be purchased and sold like other stocks and ETFs.
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Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
With any investment, your capital is at risk. Past performance is no guarantee of future results. Consult your provider's terms and privacy policies where applicable.
Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.
Securities products are: Not FDIC insured · Not bank guaranteed · May lose value
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