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EDC vs. EET
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EDC and EET is 0.98, 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.


-0.50.00.51.01.0

Performance

EDC vs. EET - Performance Comparison

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

-80.00%-60.00%-40.00%-20.00%0.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-73.09%
-3.84%
EDC
EET

Key characteristics

Sharpe Ratio

EDC:

0.27

EET:

0.40

Sortino Ratio

EDC:

0.71

EET:

0.77

Omega Ratio

EDC:

1.09

EET:

1.10

Calmar Ratio

EDC:

0.14

EET:

0.20

Martin Ratio

EDC:

1.02

EET:

1.49

Ulcer Index

EDC:

12.76%

EET:

8.50%

Daily Std Dev

EDC:

47.41%

EET:

31.48%

Max Drawdown

EDC:

-92.54%

EET:

-71.66%

Current Drawdown

EDC:

-88.70%

EET:

-54.31%

Returns By Period

In the year-to-date period, EDC achieves a 1.55% return, which is significantly lower than EET's 5.27% return. Over the past 10 years, EDC has underperformed EET with an annualized return of -9.51%, while EET has yielded a comparatively higher -1.79% annualized return.


EDC

YTD

1.55%

1M

-3.79%

6M

-8.27%

1Y

6.56%

5Y*

-18.02%

10Y*

-9.51%

EET

YTD

5.27%

1M

-2.35%

6M

-3.12%

1Y

8.59%

5Y*

-7.20%

10Y*

-1.79%

Compare stocks, funds, or ETFs

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


EDC vs. EET - Expense Ratio Comparison

EDC has a 1.33% expense ratio, which is higher than EET's 0.95% expense ratio.


EDC
Direxion Daily Emerging Markets Bull 3X Shares
Expense ratio chart for EDC: current value at 1.33% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.33%
Expense ratio chart for EET: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

EDC vs. EET - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and ProShares Ultra MSCI Emerging Markets (EET). 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.


Sharpe ratio
The chart of Sharpe ratio for EDC, currently valued at 0.27, compared to the broader market0.002.004.000.270.40
The chart of Sortino ratio for EDC, currently valued at 0.71, compared to the broader market-2.000.002.004.006.008.0010.000.710.77
The chart of Omega ratio for EDC, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.001.091.10
The chart of Calmar ratio for EDC, currently valued at 0.14, compared to the broader market0.005.0010.0015.000.140.20
The chart of Martin ratio for EDC, currently valued at 1.02, compared to the broader market0.0020.0040.0060.0080.00100.001.021.49
EDC
EET

The current EDC Sharpe Ratio is 0.27, which is lower than the EET Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of EDC and EET, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.27
0.40
EDC
EET

Dividends

EDC vs. EET - Dividend Comparison

EDC's dividend yield for the trailing twelve months is around 3.37%, more than EET's 2.36% yield.


TTM2023202220212020201920182017
EDC
Direxion Daily Emerging Markets Bull 3X Shares
3.37%3.54%0.00%0.18%0.44%0.97%0.78%0.25%
EET
ProShares Ultra MSCI Emerging Markets
2.36%2.14%0.00%0.00%0.01%1.40%0.16%0.00%

Drawdowns

EDC vs. EET - Drawdown Comparison

The maximum EDC drawdown since its inception was -92.54%, which is greater than EET's maximum drawdown of -71.66%. Use the drawdown chart below to compare losses from any high point for EDC and EET. For additional features, visit the drawdowns tool.


-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%JulyAugustSeptemberOctoberNovemberDecember
-88.70%
-54.31%
EDC
EET

Volatility

EDC vs. EET - Volatility Comparison

Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 11.88% compared to ProShares Ultra MSCI Emerging Markets (EET) at 7.84%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than EET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
11.88%
7.84%
EDC
EET
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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