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EDC vs. EEMS
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EDC vs. EEMS

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily Emerging Markets Bull 3X Shares (EDC) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS).

EDC and EEMS 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. EEMS is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap Index. It was launched on Aug 16, 2011. Both EDC and EEMS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EDC vs. EEMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Emerging Markets Bull 3X Shares (EDC) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS). The values are adjusted to include any dividend payments, if applicable.

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EDC vs. EEMS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EDC
Direxion Daily Emerging Markets Bull 3X Shares		5.49%94.58%-2.00%7.48%-60.25%-20.81%6.49%43.92%-49.87%138.61%
EEMS
iShares MSCI Emerging Markets Small-Cap ETF		3.38%19.78%3.13%23.09%-19.12%18.12%19.47%11.25%-18.98%34.80%

Returns By Period

In the year-to-date period, EDC achieves a 5.49% return, which is significantly higher than EEMS's 3.38% return. Over the past 10 years, EDC has underperformed EEMS with an annualized return of 2.42%, while EEMS has yielded a comparatively higher 8.19% annualized return.

EDC

1D
2.14%
1M
-23.01%
YTD
5.49%
6M
10.46%
1Y
87.48%
3Y*
26.12%
5Y*
-8.88%
10Y*
2.42%

EEMS

1D
0.84%
1M
-5.33%
YTD
3.38%
6M
4.76%
1Y
27.44%
3Y*
14.64%
5Y*
6.60%
10Y*
8.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Direxion Daily Emerging Markets Bull 3X Shares

iShares MSCI Emerging Markets Small-Cap ETF

Often compared with EDC:
EDC vs. EDZEDC vs. EEMEDC vs. EETEDC vs. YINNEDC vs. TMFEDC vs. EDIVEDC vs. UPRO
Often compared with EEMS:
EEMS vs. EEMEEMS vs. EWXEEMS vs. VWOEEMS vs. EDIVEEMS vs. EYLDEEMS vs. DRESXEEMS vs. ECOW

EDC vs. EEMS - Expense Ratio Comparison

EDC has a 1.33% expense ratio, which is higher than EEMS's 0.73% expense ratio.

EDC
Direxion Daily Emerging Markets Bull 3X Shares
EEMS
iShares MSCI Emerging Markets Small-Cap ETF

Return for Risk

EDC vs. EEMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EDC
EDC Risk / Return Rank: 7676
Overall Rank
EDC Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
EDC Sortino Ratio Rank: 7575
Sortino Ratio Rank
EDC Omega Ratio Rank: 7373
Omega Ratio Rank
EDC Calmar Ratio Rank: 8080
Calmar Ratio Rank
EDC Martin Ratio Rank: 7575
Martin Ratio Rank
EEMS
EEMS Risk / Return Rank: 8080
Overall Rank
EEMS Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
EEMS Sortino Ratio Rank: 7979
Sortino Ratio Rank
EEMS Omega Ratio Rank: 7676
Omega Ratio Rank
EEMS Calmar Ratio Rank: 8585
Calmar Ratio Rank
EEMS Martin Ratio Rank: 8282
Martin Ratio Rank
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. EEMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS). 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.

EDCEEMSDifference

Sharpe ratio

Return per unit of total volatility

1.46

1.56

-0.10

Sortino ratio

Return per unit of downside risk

1.97

2.09

-0.13

Omega ratio

Gain probability vs. loss probability

1.28

1.30

-0.02

Calmar ratio

Return relative to maximum drawdown

2.36

2.68

-0.32

Martin ratio

Return relative to average drawdown

8.36

9.64

-1.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDC vs. EEMS - Sharpe Ratio Comparison

The current EDC Sharpe Ratio is 1.46, which is comparable to the EEMS Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of EDC and EEMS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EDCEEMSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

1.56

-0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.16

0.42

-0.58

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.04

0.46

-0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.00

0.28

-0.28

Correlation

The correlation between EDC and EEMS is 0.84, 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. EEMS - Dividend Comparison

EDC's dividend yield for the trailing twelve months is around 1.62%, less than EEMS's 2.99% yield.

TTM20252024202320222021202020192018201720162015
EDC
Direxion Daily Emerging Markets Bull 3X Shares		1.62%1.79%3.94%3.54%0.00%0.18%0.44%0.97%0.78%0.25%0.00%0.00%
EEMS
iShares MSCI Emerging Markets Small-Cap ETF		2.99%3.09%2.60%2.69%0.89%3.56%2.14%2.64%3.06%2.47%2.51%2.33%

Drawdowns

EDC vs. EEMS - Drawdown Comparison

The maximum EDC drawdown since its inception was -92.54%, which is greater than EEMS's maximum drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for EDC and EEMS.

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Drawdown Indicators

EDCEEMSDifference

Max Drawdown

Largest peak-to-trough decline

-92.54%

-48.89%

-43.65%

Max Drawdown (1Y)

Largest decline over 1 year

-37.98%

-10.99%

-26.99%

Max Drawdown (5Y)

Largest decline over 5 years

-81.10%

-27.07%

-54.03%

Max Drawdown (10Y)

Largest decline over 10 years

-87.01%

-48.89%

-38.12%

Current Drawdown

Current decline from peak

-77.61%

-7.86%

-69.75%

Average Drawdown

Average peak-to-trough decline

-65.33%

-10.60%

-54.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.73%

3.06%

+7.67%

Volatility

EDC vs. EEMS - Volatility Comparison

Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 28.32% compared to iShares MSCI Emerging Markets Small-Cap ETF (EEMS) at 8.24%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than EEMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EDCEEMSDifference

Volatility (1M)

Calculated over the trailing 1-month period

28.32%

8.24%

+20.08%

Volatility (6M)

Calculated over the trailing 6-month period

45.36%

12.39%

+32.97%

Volatility (1Y)

Calculated over the trailing 1-year period

60.25%

17.74%

+42.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

55.21%

15.69%

+39.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

60.13%

17.79%

+42.34%