Direxion Energy Bull 2X SharesDirexion Energy Bull 2X SharesDirexion Energy Bull 2X Shares

Direxion Energy Bull 2X Shares

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Key stats


Assets under management (AUM)
‪203.37 M‬USD
Fund flows (1Y)
‪−69.29 M‬USD
Dividend yield (indicated)
3.21%
Discount/Premium to NAV
−0.1%
Shares outstanding
‪4.16 M‬
Expense ratio
0.90%

About Direxion Energy Bull 2X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Inception date
Nov 6, 2008
Structure
Open-Ended Fund
Index tracked
S&P Energy Select Sector
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 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of May 28, 2025
Exposure type
StocksBonds, Cash & Other
Energy Minerals
Industrial Services
Cash
Stocks65.02%
Energy Minerals48.61%
Industrial Services13.55%
Utilities1.72%
Miscellaneous1.14%
Bonds, Cash & Other34.98%
Cash34.98%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


ERX invests in stocks. The fund's major sectors are Energy Minerals, with 48.61% stocks, and Industrial Services, with 13.55% of the basket. The assets are mostly located in the North America region.
ERX last dividends amounted to 0.45 USD. The quarter before, the issuer paid 0.32 USD in dividends, which shows a 29.16% increase.
ERX assets under management is ‪203.37 M‬ USD. It's fallen 0.76% over the last month.
ERX fund flows account for ‪−69.29 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ERX pays dividends to its holders with the dividend yield of 3.21%. The last dividend (Apr 1, 2025) amounted to 0.45 USD. The dividends are paid quarterly.
ERX shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Nov 6, 2008, and its management style is Passive.
ERX expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
ERX follows the S&P Energy Select Sector. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ERX invests in stocks.
ERX price has fallen by −0.86% over the last month, and its yearly performance shows a −27.44% decrease. See more dynamics on ERX price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.86% over the last month, showed a −21.39% decrease in three-month performance and has decreased by −25.84% in a year.
ERX trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.