{"url":"https://etfiq.com/compare/leverage/ery-vs-xlex","section":"compare","title":"ERY vs XLEX: which held to its multiple? | ETFIQ","description":"ERY sets out to return -2 times XLE each day and XLEX +2 times. Over the three months to Sep 30, 2026 they finished +6.5 pts and \u22121.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, ERY or XLEX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, ERY finished 6.5 points from what its multiple implies and XLEX finished 1.8 points from its own, so XLEX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are ERY and XLEX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on energy, ERY at -2 times and XLEX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, ERY or XLEX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window ERY\u2019s moved at 21% annualized and XLEX\u2019s at 21%, so ERY has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold ERY or XLEX 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, ERY or XLEX?","acceptedAnswer":{"@type":"Answer","text":"ERY charges 0.99% a year and XLEX charges 0.45%, so XLEX 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":"ERY vs XLEX","item":"https://etfiq.com/compare/leverage/ery-vs-xlex"}]},{"@type":"WebPage","name":"ERY vs XLEX: which held to its multiple?","description":"ERY sets out to return -2 times XLE each day and XLEX +2 times. Over the three months to Sep 30, 2026 they finished +6.5 pts and \u22121.8 pts away.","url":"https://etfiq.com/compare/leverage/ery-vs-xlex","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, ERY finished 1.8 points over and XLEX 3.2 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 ERY and XLEX","description":"ERY sets out to return -2 times XLE each day and XLEX +2 times. Over the three months to Sep 30, 2026 they finished +6.5 pts and \u22121.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ery-vs-xlex","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":7125,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / ERY vs XLEX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n ERY vs XLEX: which held to its multiple?\n\n Over three months against its own daily promise, ERY finished 1.8 points over and XLEX 3.2 points short.\n Copy this for sharing \n \n Direxion Daily Energy Bear 2X ETF and Corgi U.S. Energy 2x Daily ETF.\n\n Download as PDF \n\n \u221227.8% ERY returned, 3 months \n +32.5% XLEX returned, 3 months \n +6.5 pts ERY from its stated multiple \n \u22121.8 pts XLEX from its stated multiple \n\n ETFIQ Decay Resistance Score: ERY scores higher\n Did it keep up","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/ery-vs-xlex","a":{"ticker":"ERY","name":"Direxion Daily Energy Bear 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ERY returned \u221227.8% where its own daily promise gave \u221229.7%, 1.8 points over.","url":"https://etfiq.com/funds/ery","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":"\u221227.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$55m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.99%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"XLEX","name":"Corgi U.S. Energy 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: XLEX returned +32.5% where its own daily promise gave +35.7%, 3.2 points short.","url":"https://etfiq.com/funds/xlex","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":"+32.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$820,603","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, May 28, 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/ery-vs-xlex"}