EDC vs. CURE

Last updated Jul 21, 2026

EDC (Direxion Daily Emerging Markets Bull 3X Shares) and CURE (Direxion Daily Healthcare Bull 3x Shares) are both Leveraged Equities funds from Direxion - EDC tracks the MSCI Emerging Markets Index (300%) while CURE tracks the Health Care Select Sector Index (300%). Both are passively managed. Over the past 10 years, EDC returned 3.27%/yr vs 12.86%/yr for CURE. At a 0.46 correlation, their price movements are largely independent. EDC charges 1.33%/yr vs 1.08%/yr for CURE.

Performance

EDC vs. CURE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Direxion Daily Healthcare Bull 3x Shares (CURE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDC achieves a 29.40% return, which is significantly higher than CURE's 1.16% return. Over the past 10 years, EDC has underperformed CURE with an annualized return of 3.27%, while CURE has yielded a comparatively higher 12.86% annualized return.

EDC

• 1D: 1.26%
• 1M: -30.12%
• 6M: 10.38%
• YTD: 29.40%
• 1Y: 73.57%
• 3Y*: 33.61%
• 5Y*: -4.06%
• 10Y*: 3.27%
• ALL TIME*: 1.37%

CURE

• 1D: -3.42%
• 1M: 20.37%
• 6M: -0.05%
• YTD: 1.16%
• 1Y: 55.41%
• 3Y*: 2.89%
• 5Y*: 1.12%
• 10Y*: 12.86%
• ALL TIME*: 23.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDC vs. CURE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDC Direxion Daily Emerging Markets Bull 3X Shares	29.40%	94.58%	-2.00%	7.48%	-60.25%	-20.81%	6.49%	43.92%	-49.87%	138.61%
CURE Direxion Daily Healthcare Bull 3x Shares	1.16%	22.55%	-8.47%	-9.40%	-20.51%	88.30%	5.02%	55.66%	2.82%	69.32%

Correlation

The correlation between EDC and CURE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jun 15, 2011	0.46

Over the past year, the correlation between EDC and CURE has dropped to 0.09 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

EDC vs. CURE - Sectors Allocation Comparison

Sectors	EDC	CURE
Technology	32.7%	-
Financial Services	20.8%	-
Consumer Cyclical	10.3%	-
Communication Services	7.8%	-
Industrials	7.3%	-
Basic Materials	7.0%	-
Energy	4.4%	-
Consumer Defensive	3.2%	-
Healthcare	3.2%	100.0%
Utilities	2.2%	-
Real Estate	1.1%	-

Return for Risk

EDC vs. CURE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDC

EDC Risk / Return Rank: 44
EDC Sharpe Ratio Rank: 38
EDC Sortino Ratio Rank: 40
EDC Omega Ratio Rank: 46
EDC Calmar Ratio Rank: 51
EDC Martin Ratio Rank: 47

CURE

CURE Risk / Return Rank: 44
CURE Sharpe Ratio Rank: 45
CURE Sortino Ratio Rank: 51
CURE Omega Ratio Rank: 43
CURE Calmar Ratio Rank: 46
CURE Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDC vs. CURE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Direxion Daily Healthcare Bull 3x Shares (CURE). 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.

	EDC	CURE	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.19	-0.15
Sortino ratio: Return per unit of downside risk	1.62	1.93	-0.31
Omega ratio: Gain probability vs. loss probability	1.23	1.21	+0.01
Calmar ratio: Return relative to maximum drawdown	1.95	1.79	+0.16
Martin ratio: Return relative to average drawdown	5.75	3.98	+1.77

EDC vs. CURE - Sharpe Ratio Comparison

The current EDC Sharpe Ratio is 1.04, which is comparable to the CURE Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of EDC and CURE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EDC vs. CURE - Drawdown Comparison

The maximum EDC drawdown since its inception was -92.54%, which is greater than CURE's maximum drawdown of -69.19%. Use the drawdown chart below to compare losses from any high point for EDC and CURE.

Drawdown Indicators

	EDC	CURE	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-69.19%	-23.35%
Max Drawdown (1Y) Largest decline over 1 year	-37.98%	-31.10%	-6.88%
Max Drawdown (3Y) Largest decline over 3 years	-49.48%	-51.93%	+2.45%
Max Drawdown (5Y) Largest decline over 5 years	-78.04%	-52.23%	-25.81%
Max Drawdown (10Y) Largest decline over 10 years	-87.01%	-69.19%	-17.82%
Current Drawdown Current decline from peak	-72.54%	-19.70%	-52.84%
Average Drawdown Average peak-to-trough decline	-65.36%	-18.17%	-47.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.83%	13.96%	-1.13%

Volatility

EDC vs. CURE - Volatility Comparison

Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 30.64% compared to Direxion Daily Healthcare Bull 3x Shares (CURE) at 18.53%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than CURE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDC	CURE	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.64%	18.53%	+12.11%
Volatility (6M) Calculated over the trailing 6-month period	65.69%	34.70%	+30.99%
Volatility (1Y) Calculated over the trailing 1-year period	71.09%	46.73%	+24.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.15%	44.52%	+14.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.36%	49.77%	+11.59%

EDC vs. CURE - Expense Ratio Comparison

EDC has a 1.33% expense ratio, which is higher than CURE's 1.08% expense ratio.

Dividends

EDC vs. CURE - Dividend Comparison

EDC's dividend yield for the trailing twelve months is around 1.53%, more than CURE's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CURE Direxion Daily Healthcare Bull 3x Shares	1.12%	1.12%	1.17%	2.02%	0.38%	0.02%	0.17%	0.40%	0.70%	0.18%
EDC Direxion Daily Emerging Markets Bull 3X Shares	1.53%	1.79%	3.94%	3.54%	0.00%	0.18%	0.44%	0.97%	0.78%	0.25%

Frequently Asked Questions

Can I hold both EDC and CURE in my portfolio?

EDC and CURE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDC or CURE?

EDC has higher volatility (30.64%) compared to CURE (18.53%). In terms of maximum drawdown, EDC dropped -92.54% vs CURE's -69.19%.

Which ETF is better, EDC or CURE?

On 10-year performance, CURE leads with 12.86% vs 3.27% for EDC. On fees, CURE is cheaper at 1.08% per year. On volatility, CURE has been the lower-risk option at 18.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDC or CURE?

Over the 10-year period, CURE has performed better with a 12.86% return vs 3.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDC or CURE?

CURE is cheaper with a 1.08% expense ratio, compared with 1.33% for EDC.

Which ETF pays a higher dividend yield, EDC or CURE?

EDC has the higher dividend yield at 1.53%, compared with 1.12% for CURE.

What is the main difference between EDC and CURE?

EDC tracks MSCI Emerging Markets Index (300%), while CURE tracks Health Care Select Sector Index (300%). Their fees differ too: 1.33% for EDC and 1.08% for CURE.

Which has better risk-adjusted returns?

CURE currently has the higher Sharpe Ratio (1.19 vs 1.04), 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.