ERY vs VYM
Direxion Daily Energy Bear 2X ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | ERY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.04% | |
| AUM | $39M | $81.6B | |
| Dividend Yield | 3.49% | 2.24% | |
| Holdings | 7 | 616 | |
| YTD Return | -52.13% | +15.75% | |
| 1Y Return | -59.52% | +23.85% | |
| 3Y Return (annualized) | -27.52% | +19.14% | |
| 5Y Return (annualized) | -43.47% | +12.45% | |
| Volatility (annualized) | 59.7% | 14.6% | |
| Max Drawdown | -100.0% | -58.8% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2008 | Nov 10, 2006 |
ERY vs VYM Performance
Direxion Daily Energy Bear 2X ETF (ERY) is a ETF from Direxion Shares ETF Trust and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ERY returned -59.52% while VYM returned +23.85%. Year to date, ERY is down 52.13% versus a gain of 15.75% for VYM.
Over three years, ERY compounded at -27.52% per year against +19.14% for VYM; over five years the annualized figures are -43.47% and +12.45% respectively. Across the full 18-year window we track, VYM has the edge at +7.06% annualized vs -40.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ERY has been the more volatile fund, with annualized monthly volatility of 59.7% compared with 14.6% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -100.0% for ERY and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.71. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ERY charges 0.99% per year while VYM charges 0.04%. On a $10,000 position that is $99 vs $4 annually, a gap of $95 per year that compounds over a long holding period. On income, ERY currently yields 3.49% against 2.24% for VYM.
Holdings Overlap
ERY and VYM share 0 holdings out of 606 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ERY or VYM?
ERY has an expense ratio of 0.99% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $95 per year of difference.
Which performed better, ERY or VYM?
Over the past year ERY returned -59.52% vs +23.85% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (18 years), ERY annualized -40.43% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, ERY or VYM?
ERY has been the more volatile fund at 59.7% annualized versus 14.6% for VYM. Worst drawdown: ERY -100.0% vs VYM -58.8%.
Should I hold both ERY and VYM?
ERY and VYM have a monthly-return correlation of -0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ERY and VYM?
ERY and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, ERY or VYM?
ERY yields 3.49% while VYM yields 2.24%, so ERY currently pays the higher dividend yield.
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