EDC vs. DBE
EDC (Direxion Daily Emerging Markets Bull 3X Shares) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EDC is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (300%), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, EDC returned 8.70%/yr vs 12.03%/yr for DBE. At a 0.33 correlation, their price movements are largely independent. EDC charges 1.33%/yr vs 0.78%/yr for DBE.
Performance
EDC vs. DBE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EDC having a 82.36% return and DBE slightly higher at 83.68%. Over the past 10 years, EDC has underperformed DBE with an annualized return of 8.70%, while DBE has yielded a comparatively higher 12.03% annualized return.
EDC
- 1D
- -3.74%
- 1M
- 26.16%
- YTD
- 82.36%
- 6M
- 92.21%
- 1Y
- 200.25%
- 3Y*
- 52.64%
- 5Y*
- -0.27%
- 10Y*
- 8.70%
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
EDC vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 82.36% | 94.58% | -2.00% | 7.48% | -60.25% | -20.81% | 6.49% | 43.92% | -49.87% | 138.61% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between EDC and DBE is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2008 | 0.33 |
The correlation between EDC and DBE shifts across timeframes, from -0.30 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EDC vs. DBE — Risk / Return Rank
EDC
DBE
EDC vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.40 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.31 | 5.89 | -0.58 |
| Martin ratioReturn relative to average drawdown | 18.68 | 11.53 | +7.15 |
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 | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.38 | 2.43 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.67 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.43 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.09 | -0.05 |
Drawdowns
EDC vs. DBE - Drawdown Comparison
The maximum EDC drawdown since its inception was -92.54%, which is greater than DBE's maximum drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EDC and DBE.
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Drawdown Indicators
| EDC | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.54% | -86.69% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -37.98% | -14.41% | -23.57% |
Max Drawdown (3Y)Largest decline over 3 years | -49.48% | -23.89% | -25.59% |
Max Drawdown (5Y)Largest decline over 5 years | -80.99% | -38.74% | -42.25% |
Max Drawdown (10Y)Largest decline over 10 years | -87.01% | -60.84% | -26.17% |
Current DrawdownCurrent decline from peak | -61.29% | -30.27% | -31.02% |
Average DrawdownAverage peak-to-trough decline | -65.36% | -57.31% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.77% | 7.35% | +3.42% |
Volatility
EDC vs. DBE - Volatility Comparison
Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 25.80% compared to Invesco DB Energy Fund (DBE) at 12.95%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDC | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.80% | 12.95% | +12.85% |
Volatility (6M)Calculated over the trailing 6-month period | 51.94% | 30.86% | +21.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.67% | 34.97% | +24.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.68% | 29.39% | +27.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.69% | 28.33% | +32.36% |
EDC vs. DBE - Expense Ratio Comparison
EDC has a 1.33% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
EDC vs. DBE - Dividend Comparison
EDC's dividend yield for the trailing twelve months is around 0.93%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% |
EDC Direxion Daily Emerging Markets Bull 3X Shares | 0.93% | 1.79% | 3.94% | 3.54% | 0.00% | 0.18% | 0.44% | 0.97% | 0.78% | 0.25% |
Frequently Asked Questions
EDC and DBE have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDC has higher volatility (25.80%) compared to DBE (12.95%). In terms of maximum drawdown, EDC dropped -92.54% vs DBE's -86.69%.
On 10-year performance, DBE leads with 12.03% vs 8.70% for EDC. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 12.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 12.03% return vs 8.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 1.33% for EDC.
DBE has the higher dividend yield at 2.10%, compared with 0.93% for EDC.
EDC is categorized as Leveraged Equities, while DBE is Oil & Gas. EDC tracks MSCI Emerging Markets Index (300%), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.33% for EDC and 0.78% for DBE.
EDC currently has the higher Sharpe Ratio (3.38 vs 2.43), 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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