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ERX vs SPXL

Direxion Daily Energy Bull 2X Shares vs Direxion Daily S&P500 Bull 3X Shares

ERX

Direxion Daily Energy Bull 2X Shares

Direxion Funds

Annual cost

0.91%

Fund size

$282M

SPXL

Direxion Daily S&P500 Bull 3X Shares

Direxion Funds

Annual cost

0.84%

Fund size

$5.9B

Key differences

  • SPXL costs 0.07% less per year.
  • SPXL is significantly larger than ERX — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, SPXL has delivered higher annualized returns.

Side-by-side comparison

ERXSPXL
Annual cost (TER)0.91%0.84%
Fund size (AUM)$282M$5.9B
Since20082008
Dividend yield1.54%0.60%
Asset classequityequity
Regionnorth americanorth america
Strategyleveragedleveraged
CAGR 1Y+103.0%+87.0%
CAGR 3Y+26.2%+55.4%
CAGR 5Y+30.3%+23.9%
Sharpe 3Y0.681.14
Volatility 1Y40.54%35.92%
Max drawdown-98.59%-76.86%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to ERX and SPXL