EDC vs. AVES
Compare and contrast key facts about Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Avantis Emerging Markets Value ETF (AVES).
EDC and AVES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EDC is a passively managed fund by Direxion that tracks the performance of the MSCI Emerging Markets Index (300%). It was launched on Dec 17, 2008. AVES is an actively managed fund by American Century. It was launched on Sep 28, 2021.
Performance
EDC vs. AVES - Performance Comparison
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EDC vs. AVES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 3.27% | 94.58% | -2.00% | 7.48% | -60.25% | -6.83% |
AVES Avantis Emerging Markets Value ETF | 2.97% | 30.49% | 4.50% | 16.79% | -16.04% | 1.32% |
Returns By Period
In the year-to-date period, EDC achieves a 3.27% return, which is significantly higher than AVES's 2.97% return.
EDC
- 1D
- 10.85%
- 1M
- -28.60%
- YTD
- 3.27%
- 6M
- 10.69%
- 1Y
- 85.76%
- 3Y*
- 25.23%
- 5Y*
- -9.26%
- 10Y*
- 2.21%
AVES
- 1D
- 3.01%
- 1M
- -9.24%
- YTD
- 2.97%
- 6M
- 6.68%
- 1Y
- 31.64%
- 3Y*
- 16.33%
- 5Y*
- —
- 10Y*
- —
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EDC vs. AVES - Expense Ratio Comparison
EDC has a 1.33% expense ratio, which is higher than AVES's 0.36% expense ratio.
Return for Risk
EDC vs. AVES — Risk / Return Rank
EDC
AVES
EDC vs. AVES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Avantis Emerging Markets Value ETF (AVES). 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.
| EDC | AVES | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.76 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.32 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.40 | -0.18 |
Martin ratioReturn relative to average drawdown | 7.97 | 9.31 | -1.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDC | AVES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.76 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.46 | -0.46 |
Correlation
The correlation between EDC and AVES is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EDC vs. AVES - Dividend Comparison
EDC's dividend yield for the trailing twelve months is around 1.65%, less than AVES's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 1.65% | 1.79% | 3.94% | 3.54% | 0.00% | 0.18% | 0.44% | 0.97% | 0.78% | 0.25% |
AVES Avantis Emerging Markets Value ETF | 3.19% | 3.17% | 4.09% | 3.96% | 3.70% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EDC vs. AVES - Drawdown Comparison
The maximum EDC drawdown since its inception was -92.54%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for EDC and AVES.
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Drawdown Indicators
| EDC | AVES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.54% | -27.40% | -65.14% |
Max Drawdown (1Y)Largest decline over 1 year | -37.98% | -12.90% | -25.08% |
Max Drawdown (5Y)Largest decline over 5 years | -81.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.01% | — | — |
Current DrawdownCurrent decline from peak | -78.08% | -10.28% | -67.80% |
Average DrawdownAverage peak-to-trough decline | -65.32% | -7.91% | -57.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.57% | 3.33% | +7.24% |
Volatility
EDC vs. AVES - Volatility Comparison
Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 32.05% compared to Avantis Emerging Markets Value ETF (AVES) at 8.89%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDC | AVES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.05% | 8.89% | +23.16% |
Volatility (6M)Calculated over the trailing 6-month period | 45.33% | 12.90% | +32.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.23% | 18.09% | +42.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.22% | 16.73% | +38.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.14% | 16.73% | +43.41% |