ERX ERY
The Direxion Daily Energy Bull and Bear 2X Shares seeks daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the Energy Select Sector Index. There is no guarantee the funds will meet their stated investment objectives.
These funds track a commodity related equity index, consisting of a basket of energy related stocks. They do not invest in physical commodities and should not be expected to directly track the performance of energy related commodities.
ERX
NAVas of Sep 29, 2023
1 Day NAV Changeas of Sep 29, 2023
$66.87
$-2.79(-4.01 %)
ERY
NAVas of Sep 29, 2023
1 Day NAV Changeas of Sep 29, 2023
$24.53
$0.96(4.07 %)
Overview
Fund Information
| Fund Symbol | Daily Target | Intra-day Value | Benchmark Index | Security Identifier | Expense Ratio (gross/net %) | Inception Date |
|---|---|---|---|---|---|---|
| ERX | 200% | ERX.IV | IXETR | 25460G609 | 0.94 / 0.94* | Nov 06, 2008 |
| ERY | -200% | ERY.IV | IXETR | 25460G179 | 1.11 / 1.08* | Nov 06, 2008 |
These leveraged ETFs seek a return that is 200% or -200% of the return of their benchmark index for a single day. The funds should not be expected to provide two times or negative two times the return of the benchmark’s cumulative return for periods greater than a day.
Documents & Downloads
Target Index
The Energy Select Sector Index (IXETR) is provided by S&P Dow Jones Indices and includes domestic companies from the energy sector which includes the following industries: oil, gas and consumable fuels; and energy equipment and services. One cannot directly invest in an index.
Strategy & Benefits
You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.
Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:
- Magnify your short-term perspective with daily 2X leverage
- Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
- Stay agile – with liquidity to trade through rapidly changing markets
Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.
Pricing & Performance
NAV and Market Price information as of September 29, 2023. Line chart shows pricing trend over the last 30 days.
- ERX
- ERY
Net asset value (NAV)
- 66.87NAV $
- -2.79Change $
- -4.01Change %
Market price closing
- 66.94Market $
- -2.67Change $
- -3.84Change %
Premium / Discount
0.07
| monthly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 2.53 | 33.81 | -1.03 | 15.52 | 75.29 | -26.97 | -20.12 | -12.39 | 11/06/2008 | 0.94 / 0.94* |
| Market Close | 2.60 | 33.71 | -0.99 | 15.36 | 75.32 | -26.95 | -20.09 | -12.39 |
| quarterly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 13.20 | -5.18 | -16.27 | 20.43 | 58.08 | -30.55 | -20.57 | -13.52 | 11/06/2008 | 0.94 / 0.94* |
| Market Close | 13.03 | -5.23 | -16.30 | 20.20 | 58.10 | -30.55 | -20.54 | -13.52 | ||
| IXETR | 6.90 | -1.13 | -5.45 | 18.08 | 35.05 | 6.61 | 4.35 | — | — | - |
The Primary Listing Exchange is the NYSE Arca, Inc.
*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.92% for ERX and 0.95% for ERY. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse a Fund for Other Expenses through September 1, 2024, to the extent that a Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.
The performance shown prior to April 1, 2020, reflects the Funds’ previous daily leveraged investment objectives, before fees and expenses, of 300% or -300%, of the performance of the Index.
Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.
Distributions
- ERX
- ERY
| Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain |
|---|---|---|---|---|---|
| 09/20/2023 | 09/19/2023 | 09/26/2023 | 0.45262 | — | — |
| 06/22/2023 | 06/21/2023 | 06/28/2023 | 0.46915 | — | — |
| 03/22/2023 | 03/21/2023 | 03/28/2023 | 0.49985 | — | — |
| 12/21/2022 | 12/20/2022 | 12/28/2022 | 0.32979 | — | — |
| 09/21/2022 | 09/20/2022 | 09/27/2022 | 0.41628 | — | — |
| 06/23/2022 | 06/22/2022 | 06/29/2022 | 0.38241 | — | — |
| 03/23/2022 | 03/22/2022 | 03/29/2022 | 0.35836 | — | — |
| 12/22/2021 | 12/21/2021 | 12/29/2021 | 0.18535 | — | — |
Tax Documents
Download the following Tax Reporting Documents
- Form 8937
(ERY 2020)