DRV vs. EDC
DRV (Direxion Daily Real Estate Bear 3x Shares) and EDC (Direxion Daily Emerging Markets Bull 3X Shares) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while EDC is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (300%). Both are passively managed. Over the past 10 years, DRV returned -27.93%/yr vs 3.45%/yr for EDC. Their -0.46 correlation means they have often moved in opposite directions in the past. DRV charges 1.08%/yr vs 1.33%/yr for EDC.
Performance
DRV vs. EDC - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -31.44% return, which is significantly lower than EDC's 30.51% return. Over the past 10 years, DRV has underperformed EDC with an annualized return of -27.93%, while EDC has yielded a comparatively higher 3.45% annualized return.
DRV
- 1D
- 1.83%
- 1M
- -2.68%
- 6M
- -25.85%
- YTD
- -31.44%
- 1Y
- -28.22%
- 3Y*
- -23.26%
- 5Y*
- -15.14%
- 10Y*
- -27.93%
- ALL TIME*
- -43.10%
EDC
- 1D
- 2.31%
- 1M
- -10.08%
- 6M
- 5.24%
- YTD
- 30.51%
- 1Y
- 85.58%
- 3Y*
- 30.81%
- 5Y*
- -1.96%
- 10Y*
- 3.45%
- ALL TIME*
- 1.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36M | $3.03M | $2.54M | |
| $5.94M | $6.55M | $9.55M |
DRV vs. EDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -31.44% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | 5.07% | -17.10% |
EDC Direxion Daily Emerging Markets Bull 3X Shares | 30.51% | 94.58% | -2.00% | 7.48% | -60.25% | -20.81% | 6.49% | 43.92% | -49.87% | 138.61% |
Correlation
The correlation between DRV and EDC is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | -0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009 | -0.46 |
Over the past year, the inverse relationship between DRV and EDC has weakened: their correlation has moved from -0.46 to -0.05, meaning they move in opposite directions less often than they have historically.
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Return for Risk
DRV vs. EDC — Risk / Return Rank
DRV
EDC
DRV vs. EDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and Direxion Daily Emerging Markets Bull 3X Shares (EDC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DRV | EDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.24 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 2.04 | -2.77 |
| Martin ratioReturn relative to average drawdown | -1.49 | 5.77 | -7.26 |
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Drawdowns
DRV vs. EDC - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than EDC's maximum drawdown of -92.54%. Use the drawdown chart below to compare losses from any high point for DRV and EDC.
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Drawdown Indicators
| DRV | EDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -92.54% | -7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -37.53% | -40.06% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -49.48% | -24.41% |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | -77.83% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | -87.01% | -10.59% |
Current DrawdownCurrent decline from peak | -99.99% | -72.30% | -27.69% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -65.37% | -32.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 14.14% | +4.32% |
Volatility
DRV vs. EDC - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 13.26%, while Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a volatility of 26.99%. This indicates that DRV experiences smaller price fluctuations and is considered to be less risky than EDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | EDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 26.99% | -13.73% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 67.55% | -34.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 73.11% | -30.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 59.41% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 61.59% | +1.25% |
DRV vs. EDC - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is lower than EDC's 1.33% expense ratio.
Dividends
DRV vs. EDC - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.94%, more than EDC's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.94% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% | 0.00% |
EDC Direxion Daily Emerging Markets Bull 3X Shares | 1.52% | 1.79% | 3.94% | 3.54% | 0.00% | 0.18% | 0.44% | 0.97% | 0.78% | 0.25% |
Frequently Asked Questions
DRV and EDC have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDC has higher volatility (26.99%) compared to DRV (13.26%). In terms of maximum drawdown, DRV dropped -99.99% vs EDC's -92.54%.
On 10-year performance, EDC leads with 3.45% vs -27.93% for DRV. On fees, DRV is cheaper at 1.08% per year. On volatility, DRV has been the lower-risk option at 13.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EDC has performed better with a 3.45% return vs -27.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRV is cheaper with a 1.08% expense ratio, compared with 1.33% for EDC.
DRV has the higher dividend yield at 3.94%, compared with 1.52% for EDC.
DRV is categorized as REIT, while EDC is Leveraged Equities. DRV tracks MSCI US REIT Index (-300%), while EDC tracks MSCI Emerging Markets Index (300%). Their fees differ too: 1.08% for DRV and 1.33% for EDC.
EDC currently has the higher Sharpe Ratio (1.12 vs -0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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