{"url":"https://etfiq.com/compare/leverage/dug-vs-erx","section":"compare","title":"DUG vs ERX: which held to its multiple? | ETFIQ","description":"DUG sets out to return -2 times XLE each day and ERX +2 times. Over the three months to Sep 30, 2026 they finished +6.3 pts and \u22120.4 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, DUG or ERX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, DUG finished 6.3 points from what its multiple implies and ERX finished 0.4 points from its own, so ERX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are DUG and ERX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on energy, DUG at -2 times and ERX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, DUG or ERX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window DUG\u2019s moved at 21% annualized and ERX\u2019s at 21%, so DUG has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold DUG or ERX for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, DUG or ERX?","acceptedAnswer":{"@type":"Answer","text":"DUG charges 0.95% a year and ERX charges 0.91%, so ERX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"DUG vs ERX","item":"https://etfiq.com/compare/leverage/dug-vs-erx"}]},{"@type":"WebPage","name":"DUG vs ERX: which held to its multiple?","description":"DUG sets out to return -2 times XLE each day and ERX +2 times. Over the three months to Sep 30, 2026 they finished +6.3 pts and \u22120.4 pts away.","url":"https://etfiq.com/compare/leverage/dug-vs-erx","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, DUG finished 1.7 points over and ERX 1.8 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of DUG and ERX","description":"DUG sets out to return -2 times XLE each day and ERX +2 times. Over the three months to Sep 30, 2026 they finished +6.3 pts and \u22120.4 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/dug-vs-erx","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7002,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / DUG vs ERX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n DUG vs ERX: which held to its multiple?\n\n Over three months against its own daily promise, DUG finished 1.7 points over and ERX 1.8 points short.\n Copy this for sharing \n \n ProShares UltraShort Energy and Direxion Daily Energy Bull 2X ETF.\n\n Download as PDF \n\n \u221228.0% DUG returned, 3 months \n +33.9% ERX returned, 3 months \n +6.3 pts DUG from its stated multiple \n \u22120.4 pts ERX from its stated multiple \n\n ETFIQ Decay Resistance Score: ERX scores higher\n Did it keep up with it","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/dug-vs-erx","a":{"ticker":"DUG","name":"ProShares UltraShort Energy","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: DUG returned \u221228.0% where its own daily promise gave \u221229.7%, 1.7 points over.","url":"https://etfiq.com/funds/dug","key_facts":[{"label":"What XLE did","value":"+17.2%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221229.7%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221228.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$40m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"ERX","name":"Direxion Daily Energy Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ERX returned +33.9% where its own daily promise gave +35.7%, 1.8 points short.","url":"https://etfiq.com/funds/erx","key_facts":[{"label":"What XLE did","value":"+17.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+35.7%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+33.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$232m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.91%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/dug-vs-erx"}