Direxion Daily Energy Bull 2X Shares

10-Year Study

ERX.US · · US · ETF

Executive Summary: Direxion Daily Energy Bull 2X Shares has compounded at -9.5% annually over the last 10 years, with a maximum drawdown of 97.8% and an annualized volatility of 55.0%.

1Y CAGR
+99.3%
3Y CAGR
+25.3%
5Y CAGR
+31.1%
10Y CAGR
-9.5%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
97.8%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.30
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.40
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
68.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · +130.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · -91.6%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
60%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202629.119.119.9-15.0————————56.9%
20253.96.86.3-28.71.89.15.06.5-1.2-3.64.7-1.42.8%
2024-1.95.721.6-2.6-1.6-3.53.6-5.1-6.70.915.2-18.71.1%
20234.5-14.2-1.44.8-20.013.115.32.64.1-12.2-2.3-0.8-12.3%
202240.014.018.1-4.131.7-32.618.34.2-19.653.91.3-7.0130.6%
20216.648.24.70.311.27.7-16.8-4.617.620.8-10.45.5111.9%
2020-30.5-39.9-86.762.51.9-5.5-10.7-2.8-27.8-9.658.37.7-91.6%
201935.16.25.0-0.8-30.928.3-5.9-24.810.7-7.83.518.117.1%
201810.2-31.13.729.17.50.73.3-11.16.7-32.1-7.1-35.2-55.9%
2017-10.0-6.7-5.4-9.5-10.9-1.87.3-16.032.8-2.84.615.4-11.6%
2016———27.5-3.76.5-4.53.79.2-8.625.44.669.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 55.0%. The dominant macroeconomic risk driver is VTV.US, accounting for 31.4% of variance. Idiosyncratic stock-specific factors contribute 12.4%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0112750.851630746398
2016-05-0112283.164304412912
2016-06-0113086.735316017923
2016-07-0112495.74898102673
2016-08-0112963.436307360216
2016-09-0114162.418242151116
2016-10-0112937.927599062881
2016-11-0116220.238326886105
2016-12-0116968.537011236596
2017-01-0115272.109320070464
2017-02-0114251.70391010723
2017-03-0113486.437472271731
2017-04-0112210.114752864929
2017-05-0110882.743483370823
2017-06-0110683.172606677615
2017-07-0111467.881910662441
2017-08-019629.781261269676
2017-09-0112789.950108578054
2017-10-0112427.447287105284
2017-11-0112994.658011555714
2017-12-0114999.77947109385
2018-01-0116524.23612678596
2018-02-0111388.325459154154
2018-03-0111809.162067990357
2018-04-0115248.847412158146
2018-05-0116391.11450120253
2018-06-0116504.352202824324
2018-07-0117049.45295858986
2018-08-0115163.240685248174
2018-09-0116184.990024310066
2018-10-0110991.041337494842
2018-11-0110205.657474502967
2018-12-016609.619730332065
2019-01-018930.621606124996
2019-02-019480.330118800219
2019-03-019958.296686618047
2019-04-019874.947137923968
2019-05-016826.039015455184
2019-06-018756.284425210864
2019-07-018238.627843201353
2019-08-016198.7095167303605
2019-09-016862.7713478467285
2019-10-016329.781520715447
2019-11-016554.430425724567
2019-12-017741.929290649316
2020-01-015379.53543640076
2020-02-013233.9137135251676
2020-03-01430.8927269566751
2020-04-01700.3115943721023
2020-05-01713.5848400646538
2020-06-01674.1438938140344
2020-07-01601.7740901885393
2020-08-01584.7959588726562
2020-09-01422.14940444223055
2020-10-01381.5565189641887
2020-11-01603.9067344339023
2020-12-01650.4876283283648
2021-01-01693.5556264707332
2021-02-011028.0901937281578
2021-03-011076.7933540371057
2021-04-011080.4411615906101
2021-05-011201.654226241902
2021-06-011294.722613552928
2021-07-011077.0268552318537
2021-08-011027.0679773867066
2021-09-011208.3219825808108
2021-10-011459.1282103171204
2021-11-011306.7038193012088
2021-12-011378.4146306659711
2022-01-011929.5033948479256
2022-02-012199.233597189683
2022-03-012596.398373793901
2022-04-012490.6119547422795
2022-05-013281.1899220884343
2022-06-012212.714399499788
2022-07-012617.641793600511
2022-08-012727.4755666944275
2022-09-012193.141810464486
2022-10-013374.97956864546
2022-11-013418.680614471366
2022-12-013178.340429175196
2023-01-013320.184621611314
2023-02-012847.8532159600663
2023-03-012808.894838845258
2023-04-012942.9504692076785
2023-05-012355.1345615496175
2023-06-012662.8372470728027
2023-07-013070.1463533599526
2023-08-013149.9518728093044
2023-09-013278.6940537623527
2023-10-012878.5300840344858
2023-11-012811.4322184948514
2023-12-012788.7877915197555
2024-01-012735.051383235133
2024-02-012892.3118434400435
2024-03-013517.290763471073
2024-04-013425.3846932183465
2024-05-013371.731307580746
2024-06-013254.108972413131
2024-07-013370.59493509964
2024-08-013198.618710710181
2024-09-012984.2749917625965
2024-10-013009.9341786076584
2024-11-013468.3177795593056
2024-12-012819.3556923699593
2025-01-012928.6913295817476
2025-02-013128.6254303556743
2025-03-013327.17927962287
2025-04-012372.5537506778023
2025-05-012414.858978250661
2025-06-012634.1684892732146
2025-07-012766.978779930313
2025-08-012946.452987128895
2025-09-012910.898538541967
2025-10-012806.0720688465303
2025-11-012938.7837701102903
2025-12-012898.0092725918894
2026-01-013741.208031403316
2026-02-014456.240578875406
2026-03-015345.101793548622
2026-04-014546.0088159673305
Annual Return Matrix
YearAnnual Return
2017-0.11602400011497938
2018-0.5593522062727991
20190.17131236084898993
2020-0.9159786141273568
20211.1190481888306572
20221.3057941772132837
2023-0.12256479327374392
20240.010960999235279267
20250.02789771451498324
20260.5686660698299015
Total Factor Risk
0.549854209985238
VTI.US Exposure
-0.02004375640940489
VEA.US Exposure
0.0008572147359442817
VWO.US Exposure
-0.0019076803934366027
QQQ.US Exposure
0.006272253041270145
VTV.US Exposure
0.31428277578231284
IJR.US Exposure
0.059833909355839085
QUAL.US Exposure
0.0034589273768391594
SHV.US Exposure
0.254158526126839
TLT.US Exposure
0.009364109323160869
LQD.US Exposure
0.002343408514059098
HYG.US Exposure
-0.0029306966729034387
GLD.US Exposure
0.0013486927526564251
USO.US Exposure
0.22178711281249017
VNQ.US Exposure
-0.016430250903439664
BTC-USD.CC Exposure
0.0026420172378750317
CPER.US Exposure
0.024401827852746274
VIX.INDX Exposure
-0.00779987623482272
UUP.US Exposure
0.02198312125402882
TIP.US Exposure
0.0019105577016115905
Idiosyncratic Exposure
0.12446780674633487
Value Score
41.9
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
19.8
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
55.0%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →20.4x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →1.65%
Market Cap$142.6B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$27
Avg Yield on Cost
0.27%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$26.980.27%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-1.9%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+36.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
18.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.72
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Direxion Daily Energy Bull 2X Shares a high-risk investment?

Direxion Daily Energy Bull 2X Shares (ERX.US) has an annualized volatility of 55.0% and experienced a maximum drawdown of 97.8% over the last 10 years. Its primary macro risk driver is VTV.US.

What is the 10-year return of ERX.US?

Over the past 10 years, ERX.US has generated a Compound Annual Growth Rate (CAGR) of -9.5%. It has had a positive return in 60% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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