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METD vs ERX

Direxion Daily META Bear 1X ETF vs Direxion Daily Energy Bull 2X Shares

METD

Direxion Daily META Bear 1X ETF

Direxion Funds

Annual cost

1.02%

Fund size

$9M

ERX

Direxion Daily Energy Bull 2X Shares

Direxion Funds

Annual cost

0.91%

Fund size

$282M

Key differences

  • ERX costs 0.11% less per year.
  • ERX is significantly larger than METD — larger funds tend to be more liquid and less likely to close.
  • METD follows a inverse strategy; ERX uses leveraged.
  • ERX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

METDERX
Annual cost (TER)1.02%0.91%
Fund size (AUM)$9M$282M
Since20242008
Dividend yield2.63%1.54%
Asset classequityequity
Regionnorth americanorth america
Strategyinverseleveraged
CAGR 1Y-1.3%+103.0%
CAGR 3YN/A+26.2%
CAGR 5YN/A+30.3%
Sharpe 3YN/A0.68
Volatility 1Y35.03%40.54%
Max drawdown-46.03%-98.59%

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

Similar to METD and ERX