ATLASDirexion Daily Energy Bull 2X Shares (ERX): outlook, holdings and fees
Direxion Daily Energy Bull 2X Shares (ERX) is an exchange-traded fund and is managed by Direxion Funds. The expense ratio is 0.93% and the yield is 1.34%. The ten largest holdings are 27% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on ERX
| Last price | $119.75 (-7.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 49% |
| Likely 1-month range (50%) | $110.45 – $129.12 |
| Normal 1-day range (±1σ) | ±2.7% |
| Distribution yield | 1.34% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
ERX fund facts
| Issuer | Direxion Funds |
|---|---|
| Theme | Leveraged |
| Assets under management | $236M |
| Expense ratio | 0.93% |
| Number of holdings | 20 |
| Portfolio turnover | 6% |
| Inception | Nov 6, 2008 |
| Exchange | NYSE |
The index is provided by S&P Dow Jones Indices and includes domestic companies from the energy sector which includes the following industries: oil, gas and consumable fuels; and energy equipment and services. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.
ERX top holdings
| Holding | Sector | Weight |
|---|---|---|
| Exxon Mobil Corp XOM | Energy | 8.18% |
| Chevron Corp CVX | Energy | 6.13% |
| ConocoPhillips COP | Energy | 2.32% |
| Marathon Petroleum Corp MPC | Energy | 1.67% |
| Valero Energy Corporation VLO | Energy | 1.69% |
| Phillips 66 PSX | Energy | 1.55% |
| Williams Companies Inc WMB | Energy | 1.40% |
| EOG Resources Inc EOG | Energy | 1.36% |
| Schlumberger NV SLB | Energy | 1.24% |
| Kinder Morgan Inc KMI | Energy | 1.10% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
ERX sector breakdown
| Sector | Weight |
|---|---|
| Energy | 100.0% |
By region: North America 100.0%.
ERX returns and risk
| Year to date | +93.5% |
|---|---|
| 1 year | +92.6% |
| 3 years (annualised) | +24.9% |
| 5 years (annualised) | +33.0% |
| 10 years (annualised) | -8.6% |
| Volatility (3 years) | 43.4% |
| Sharpe ratio (3 years) | 0.45 |
Past returns do not guarantee future results.
ERX: frequently asked questions
What does ERX invest in?
Direxion Daily Energy Bull 2X Shares invests in a portfolio of securities. Its largest holdings are Exxon Mobil Corp (8.2%), Chevron Corp (6.1%), ConocoPhillips (2.3%), Marathon Petroleum Corp (1.7%), Valero Energy Corporation (1.7%).
What is the ERX expense ratio?
0.93% a year: about $93.00 for every $10,000 invested.
What is the ERX dividend yield?
1.34%. ATLAS does not hold the exact distribution dates for ETFs.
Will ERX go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 49%, with a likely range (50%) of $110.45 to $129.12 from $119.75 today. It is a probability, not a prediction.
How has ERX performed?
Year to date +93.5%, one year +92.6%, three years +24.9% a year, five years +33.0% a year. Past returns do not guarantee future results.
Similar ETFs: Leveraged
Educational information, not investment advice. Disclaimer