ERX: Understanding The Structure And Suitability Of This Leveraged ETF

2025-11-24 12:19:28 ET

The Direxion Daily Energy Bull 2X Shares ETF ( ERX ) is an exchange-traded fund that aims to provide double the daily performance of the Energy Select Sector Index. This is the same index that is tracked by the Energy Select Sector SPDR Fund ( XLE ), so potential investors can think of ERX as a way to speculate on the direction of that fund’s movements on a daily basis. Please note, however, that the fund does not do an especially good job of doubling XLE’s performance over any period of time that is longer than a single day. We can see this by looking at the comparable performance of the two funds over the ten-year period that ended on November 21, 2025:

Read the full article on Seeking Alpha

For further details see: