Investment Test Drive

ERY Direxion Daily Energy Bear 3X ETF

3 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
Show results with
Investing
$
  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund ERY Direxion Daily Energy Bear 3X ETF MLPS UBS ETRACS 1xM Shrt Alrn MLP Infr TR ETN DDG ProShares Short Oil & Gas  
Similarity
?
100% 86% 87%
Annual Fees
?
$90.18
(0.97% Exp. Ratio)
$79.02
(0.85% Exp. Ratio)
$88.32
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming -7.03% annual return
$837.95 $868.95 $843.04
Est. savings over 30 yrs +$31.00 +$5.09
Return
As of 12/31/16
1 YR RETURN -67.42%
3 YR -21.98%
5 YR -32.45%
10 YR --
1 YR RETURN -21.41%
3 YR -2.18%
5 YR -8.76%
10 YR --
1 YR RETURN -25.76%
3 YR -2.25%
5 YR -7.96%
10 YR --
Description
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the Energy Select Sector Index. The fund creates short positions by investing at least 80% of its assets in: swap agreements; futures contracts; options; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the index. 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. It is non-diversified.
The investment seeks to replicate, net of expenses, the inverse monthly performance of the Alerian MLP Infrastructure index. The index provides exposure to the infrastructure component of the Master Limited Partnership asset class. Its constituents each earn at least 50% of their EBITDA from assets that are not directly exposed to changes in commodity prices. The index is a composite of 25 energy infrastructure MLPs.
The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. Oil & GasSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the oil and gas sector of the U.S. equity market. Component companies include, among others, exploration and production, integrated oil and gas, oil equipment and services, pipelines, renewable energy equipment companies and alternative fuel producers. The fund is non-diversified.

Join FeeX to view all alternatives, get more data and filtering options, and be able to automatically scan all your investments for lower fee replacements.

It's free!

The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

+

Your Feedback has been sent successfully!