Key stats
About Direxion Energy Bull 2X Shares
Expense ratio
0.93%
Home page
Inception date
Nov 6, 2008
ERX provides 2x leveraged exposure to the S&P Energy Select Sector Indexa 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 isnt designed to be a long-term investmentinstead, 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
What's in the fund
Exposure type
Energy Minerals
Industrial Services
Cash
Stock breakdown by region
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