Data as of .
DIG vs ERY: which held to its multiple?
Over three months against its own daily promise, DIG finished 1.6 points short and ERY 1.9 points over.
ETFIQ Decay Resistance Score: DIG scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| DIG | ERY | DIG | ERY | DIG | ERY | |
| 1 month | +13.1% | −11.9% | +13.5% | −13.5% | −0.4 pts | +1.5 pts |
| 3 months | +26.9% | −23.8% | +28.0% | −28.0% | −1.1 pts | +4.2 pts |
| 6 months | +23.8% | −26.0% | +28.9% | −28.9% | −5.1 pts | +2.9 pts |
| 1 year | +104.5% | −57.5% | +101.4% | −101.4% | +3.1 pts | +43.9 pts |
| 3 years | +69.8% | −59.4% | +108.3% | −108.3% | −38.5 pts | +48.9 pts |
| Since launch | +104.2% | −99.9% | not meaningful | not meaningful | not meaningful | not meaningful |
| DIG ProShares Ultra Energy Aims to return twice the daily move of energy (XLE) | ERY Direxion Daily Energy Bear 2X ETF Aims to return twice the opposite of the daily move of energy (XLE) | |
|---|---|---|
| Issuer | ProShares | Direxion |
| Sets out to return | +2x | -2x |
| On | XLE | XLE |
| Segment | sector | sector |
| Fund returned, 3 months | +26.9% | −23.8% |
| Underlying returned, 3 months | +14.0% | +14.0% |
| What the stated multiple implies, 3 months | +28.0% | −28.0% |
| Difference from stated, 3 months | −1.1 pts | +4.2 pts |
| Fund returned, 1 year or since launch | +104.5% | −57.5% |
| Difference from stated, over that window | +3.1 pts | +43.9 pts |
| Underlying volatility | 22% | 22% |
| Difference over the days both have traded | −1.1 pts | +4.2 pts |
| Expense ratio | 0.95% | 0.99% |
| Launched | Jan 4, 2010 | Jan 4, 2010 |
DIG in plain words
Three months to Sep 11, 2026: DIG returned +26.9% where its own daily promise gave +28.5%, 1.6 points short. Read the multiple against the whole window instead and +2 times XLE's 14.0% implies +28.0%, which makes DIG look 1.1 points short. 0.5 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. DIG aims to return +2 times XLE's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. XLE moved at 22% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
ERY in plain words
Three months to Sep 11, 2026: ERY returned −23.8% where its own daily promise gave −25.7%, 1.9 points over. Read the multiple against the whole window instead and −2 times XLE's 14.0% implies −28.0%, which makes ERY look 4.2 points over. 2.3 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. ERY aims to return -2 times XLE's move each day, then resets. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, DIG or ERY?
- Over the window to Sep 11, 2026, DIG finished 1.1 points from what its multiple implies and ERY finished 4.2 points from its own, so DIG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are DIG and ERY levered on the same thing?
- Yes. Both are levered on energy, DIG at +2 times and ERY at -2 times the daily move.
- Which one decays faster, DIG or ERY?
- Decay follows how much the underlying moves about. Over this window DIG’s moved at 22% annualized and ERY’s at 22%, so DIG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold DIG or ERY for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, DIG or ERY?
- DIG charges 0.95% a year and ERY charges 0.99%, so DIG is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DIG against ERY, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/DIG-ERY Free to use with attribution; the underlying files are at Open data.