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ETFs

Direxion Daily Energy Bear 2X Shares

ERY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 6, 2008
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$8,517,142
AUM
$30,586,032
Associated Index
Energy Select Sector Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN FINL SQ TRSRY INST 506
-6.00%
n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
-11.16%
n/a
DREYFUS GOVT CASH MAN INS
-73.49%
Invest with ERY

What is ERY?

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

ETFs related toERY

ETFs correlated to ERY include DUG, OILD, NRGD

ERY
Direxion Shares ETF Trust - Direxion Daily Energy Bear -2X Shares
DUG
ProShares Trust - ProShares UltraShort Energy
OILD
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production -3X Inverse Leveraged
NRGD
Bank of Montreal - MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs
DRIP
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
SCO
ProShares Trust - ProShares UltraShort Bloomberg Crude Oil -2x Shares
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
DXD
ProShares Trust - ProShares UltraShort Dow 30-2X Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares

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 toERY

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with ERY using Composer

News Related to ERY

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 Play Exxon, OXY To The Downside? This Inverse Energy ETF Has 2X Leverage

Feb 28, 2023 • by Melanie Schaffer
Looking To Play Exxon, OXY To The Downside? This Inverse Energy ETF Has 2X Leverage
Read

Want To Play The Energy Sector Bullish Into Exxon Earnings? This ETF Offers 2X Returns

Oct 25, 2022 • by Melanie Schaffer
Want To Play The Energy Sector Bullish Into Exxon Earnings? This ETF Offers 2X Returns
Read

Bearish On Exxon, Chevron? This Inverse ETF Tracks The Energy Sector

Sep 30, 2022 • by Melanie Schaffer
Bearish On Exxon, Chevron? This Inverse ETF Tracks The Energy Sector
Read

FAQ

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

ERY tracks the Energy Select Sector Index.

No, ERY 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, ERY 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 ERY is -0.0875%. This is the percent change in the value of ERY over the most recent 1-month period. The 3-month return on ERY is -0.2432%. This is the percent change in the value of ERY over the most recent 3-month period.

The standard deviation of ERY for the past year is 0.542%. 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 ERY include SSO, QID, and SDS.

ETFs correlated to ERY include DUG, OILD, and NRGD.

ETFs that are inversely correlated to ERY include ERX, XLE, and DIG.

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

Yes, ERY is a Inverse (-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

*

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.