Direxion Daily Energy Bear 2X Shares

10-Year Study

ERY.US · · US · ETF

Executive Summary: Direxion Daily Energy Bear 2X Shares has compounded at -33.9% annually over the last 10 years, with a maximum drawdown of 99.0% and an annualized volatility of 78.0%.

1Y CAGR
-54.8%
3Y CAGR
-28.6%
5Y CAGR
-39.2%
10Y CAGR
-33.9%

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 →
99.0%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.41
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.70
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
61.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · +45.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -73.6%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
10%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-23.7-17.1-18.216.3————————-39.9%
2025-4.2-7.1-6.925.5-2.2-9.2-5.1-6.20.73.0-4.80.5-18.5%
20241.1-5.4-17.52.41.23.4-3.64.86.2-1.6-13.722.5-5.6%
2023-5.814.6-1.3-5.822.9-12.2-14.0-2.6-4.312.12.00.4-0.4%
2022-30.6-14.6-18.91.1-28.836.6-19.1-7.118.2-37.8-4.25.4-73.6%
2021-10.4-35.5-7.9-3.1-12.6-10.416.31.7-17.9-19.19.1-7.6-68.0%
202040.050.640.6-48.8-10.7-6.96.00.332.65.4-47.2-11.0-11.9%
2019-28.9-7.2-7.0-0.640.7-24.04.924.8-12.15.1-6.5-16.8-38.7%
2018-11.335.7-6.3-25.3-9.7-3.1-4.610.3-7.239.12.441.945.5%
20179.75.63.08.910.3-0.8-8.318.1-25.72.6-5.8-14.5-5.6%
2016———-25.01.4-10.82.2-6.7-13.28.2-24.6-5.6-56.8%

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 78.0%. The dominant macroeconomic risk driver is SHV.US, accounting for 65.2% of variance. Idiosyncratic stock-specific factors contribute 6.2%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-017501.134128955576
2016-05-017605.442692161301
2016-06-016784.58060391167
2016-07-016934.240761700622
2016-08-016467.120485186002
2016-09-015614.513219749328
2016-10-016072.562551333161
2016-11-014580.499575979754
2016-12-014321.995382519682
2017-01-014739.229635342588
2017-02-015006.802687019638
2017-03-015156.4628448085905
2017-04-015614.513219749328
2017-05-016190.476488578162
2017-06-016140.589421529546
2017-07-015628.118593788604
2017-08-016648.526863518901
2017-09-014938.775816823254
2017-10-015065.75965564214
2017-11-014770.974812529631
2017-12-014079.365864366941
2018-01-013619.048274871959
2018-02-014911.5650687447
2018-03-014600.865902762475
2018-04-013436.1123353165463
2018-05-013103.585099527902
2018-06-013008.188891003426
2018-07-012870.997891584367
2018-08-013165.36643529184
2018-09-012937.532761406812
2018-10-014085.77520583345
2018-11-014182.297196458262
2018-12-015936.488987159198
2019-01-014219.209077038136
2019-02-013914.1179544194924
2019-03-013639.2247106979976
2019-04-013617.2019794299836
2019-05-015089.960365919744
2019-06-013867.54140788481
2019-07-014057.4611485841438
2019-08-015064.220004730418
2019-09-014452.441531941902
2019-10-014678.993072516898
2019-11-014373.841744944356
2019-12-013640.9303251524634
2020-01-015097.303474116676
2020-02-017675.600518983331
2020-03-0110789.450294160784
2020-04-015520.785764817259
2020-05-014929.407008270227
2020-06-014588.297312173879
2020-07-014865.449497464864
2020-08-014881.206835876529
2020-09-016470.889462226007
2020-10-016818.488935066343
2020-11-013601.1185919855534
2020-12-013206.246785502964
2021-01-012872.5531128657594
2021-02-011853.8578054105528
2021-03-011707.4032027628575
2021-04-011653.6412515802456
2021-05-011446.0086742907952
2021-06-011295.8466171262305
2021-07-011507.1864897289208
2021-08-011532.213459455441
2021-09-011257.8424023643563
2021-10-011017.7679463146476
2021-11-011110.4607569833606
2021-12-011026.11013688713
2022-01-01711.8813367802732
2022-02-01608.0653267418992
2022-03-01493.1261173338642
2022-04-01498.6876573173338
2022-05-01355.1991376858554
2022-06-01485.06189629810564
2022-07-01392.55435885296777
2022-08-01364.5610673047865
2022-09-01431.02193577786284
2022-10-01268.06782719970465
2022-11-01256.8519912182561
2022-12-01270.78901523318115
2023-01-01255.0790001003204
2023-02-01292.35547517229986
2023-03-01288.42443905856004
2023-04-01271.6130134174296
2023-05-01333.7871649684998
2023-06-01293.148229644302
2023-07-01252.17771296122032
2023-08-01245.63376718236833
2023-09-01235.07952178284845
2023-10-01263.62624494731597
2023-11-01268.79914897125815
2023-12-01269.83659942146437
2024-01-01272.9281547980083
2024-02-01258.14657543020394
2024-03-01212.99676447397314
2024-04-01218.19900176661028
2024-05-01220.75103594397632
2024-06-01228.317069022809
2024-07-01220.04546535945892
2024-08-01230.5095617038987
2024-09-01244.82459483609665
2024-10-01241.00078236667719
2024-11-01207.99524315695137
2024-12-01254.7624634844035
2025-01-01243.95802958146933
2025-02-01226.6911223569675
2025-03-01211.00246041088397
2025-04-01264.70283958987153
2025-05-01258.74754923028405
2025-06-01234.95534295200966
2025-07-01222.86661337166993
2025-08-01209.1247133048817
2025-09-01210.56471013172361
2025-10-01216.9045369573844
2025-11-01206.51140563069634
2025-12-01207.52368200702261
2026-01-01158.2772432621466
2026-02-01131.14996293996273
2026-03-01107.25708981883984
2026-04-01124.78548582036233
Annual Return Matrix
YearAnnual Return
2017-0.056138310358695986
20180.45524799308003616
2019-0.386686249561331
2020-0.11938804119556912
2021-0.6799653284560989
2022-0.7361014129977672
2023-0.003517187766633123
2024-0.05586394124955685
2025-0.18542284774331697
2026-0.39869279200559105
Total Factor Risk
0.7803330519356347
VTI.US Exposure
-0.00716751708950236
VEA.US Exposure
-0.00029147936339271065
VWO.US Exposure
-0.0007907311967062405
QQQ.US Exposure
0.005194289562064076
VTV.US Exposure
0.13341923825973112
IJR.US Exposure
0.030712936744146126
QUAL.US Exposure
0.0029044725952220465
SHV.US Exposure
0.6522198577797302
TLT.US Exposure
0.008021044088426181
LQD.US Exposure
0.0007867389909685775
HYG.US Exposure
-0.000459891545651119
GLD.US Exposure
0.00095585101449281
USO.US Exposure
0.10527639571629388
VNQ.US Exposure
-0.0045770057379972895
BTC-USD.CC Exposure
0.0005811622403824115
CPER.US Exposure
0.007569113914082118
VIX.INDX Exposure
-0.0027555473610730145
UUP.US Exposure
0.005904167936190678
TIP.US Exposure
0.0003651489096268364
Idiosyncratic Exposure
0.062131754542965455
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
78.0%

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 →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
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
$1
Avg Yield on Cost
0.01%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$0.730.01%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 →
-1.1%
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 →
-34.3%
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 →
54.7% 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 →
-0.73
Market sensitivity coefficient

Frequently Asked Questions & Methodology

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

Direxion Daily Energy Bear 2X Shares (ERY.US) has an annualized volatility of 78.0% and experienced a maximum drawdown of 99.0% over the last 10 years. Its primary macro risk driver is SHV.US.

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

Over the past 10 years, ERY.US has generated a Compound Annual Growth Rate (CAGR) of -33.9%. It has had a positive return in 10% 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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