ERX
·NYSE
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Key Stats
Assets Under Management
202.78MUSD
Fund Flows (1Y)
-46.23MUSD
Dividend Yield
2.73%
Discount/Premium to NAV
-0.20%
Shares Outstanding
3.76M
Expense Ratio
0.90%
About Direxion Daily Energy Bull 2x Shares
Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Nov 6, 2008
Structure
Open-Ended Fund
Index Tracked
Energy Select Sector Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
ERX provides 2x leveraged exposure to the S&P Energy Select Sector Index—a market-cap-weighted index of US energy companies from the S&P 500, heavily-weighted towards the handful of firms that dominate the energy sector. Providing hyper-concentrated exposure to a concentrated sector, ERX isn't designed to be a long-term investment—instead, it should be used as a short-term trading vehicle. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index and beta-1 funds, such as XLE, that track that index. Note: Prior to March 31, 2020, the fund provided 3x daily exposure to the same index.
Classification
Asset Class
Equity
Category
Sector
Focus
Energy
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Cap
Selection Criteria
Committee
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -3.31% | -1.14% | -5.03% | -0.59% | -13.62% | +282.59% |
NAV Total Return | +3.12% | +7.24% | +5.18% | -0.89% | +2.71% | +335.13% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Energy
100.00%
Energy
100.00%
Asset
Region
100%
Category
Ratio
North America
100.00%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Large-Cap Value
Contains large-cap companies that are considered undervalued. These ETFs seek firms with solid fundamentals but trading at prices below their perceived true value.
Top 10 Holdings
Symbol
Ratio
ENERGY SELECT SECTOR INDEX SWAP
33.99%
ENERGY SELECT SECTOR INDEX SWAP-1
33.75%
ENERGY SELECT SECTOR INDEX SWAP-2
33.02%
DREYFUS GOVT CASH MAN INS
24.04%
ENERGY SELECT SECTOR INDEX SWAP-3
22.88%
XOM
Exxon Mobil
18.24%
CVX
Chevron
13.40%
COP
Conocophillips
5.52%
WMB
The Williams
3.42%
SLB
SLB
3.10%
Top 10 Weight 191.38%
28 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-09-23 | 2025-09-23 | 2025-09-30 | 0.383 |
| 2025-06-24 | 2025-06-24 | 2025-07-01 | 0.323 |
| 2025-03-25 | 2025-03-25 | 2025-04-01 | 0.446 |
| 2024-12-23 | 2024-12-23 | 2024-12-31 | 0.316 |
| 2024-09-24 | 2024-09-24 | 2024-10-01 | 0.395 |
| 2024-06-25 | 2024-06-25 | 2024-07-02 | 0.414 |
| 2024-03-19 | 2024-03-20 | 2024-03-26 | 0.512 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
