EDC vs. EMM
Compare and contrast key facts about Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Global X Emerging Markets ex-China ETF (EMM).
EDC and EMM 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. EMM is an actively managed fund by Global X. It was launched on Sep 24, 2010.
Performance
EDC vs. EMM - Performance Comparison
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EDC vs. EMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 5.49% | 94.58% | -2.00% | 3.25% |
EMM Global X Emerging Markets ex-China ETF | 4.64% | 30.21% | 2.34% | 3.40% |
Returns By Period
In the year-to-date period, EDC achieves a 5.49% return, which is significantly higher than EMM's 4.64% 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%
EMM
- 1D
- 1.29%
- 1M
- -8.16%
- YTD
- 4.64%
- 6M
- 13.44%
- 1Y
- 42.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EDC vs. EMM - Expense Ratio Comparison
EDC has a 1.33% expense ratio, which is higher than EMM's 0.75% expense ratio.
Return for Risk
EDC vs. EMM — Risk / Return Rank
EDC
EMM
EDC vs. EMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Global X Emerging Markets ex-China ETF (EMM). 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 | EMM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 2.15 | -0.69 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.77 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.92 | -0.55 |
Martin ratioReturn relative to average drawdown | 8.36 | 12.66 | -4.30 |
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 | EMM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.15 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | — | — |
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 | 0.77 | -0.77 |
Correlation
The correlation between EDC and EMM is 0.87, 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. EMM - Dividend Comparison
EDC's dividend yield for the trailing twelve months is around 1.62%, more than EMM's 0.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
EMM Global X Emerging Markets ex-China ETF | 0.86% | 0.90% | 0.80% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EDC vs. EMM - Drawdown Comparison
The maximum EDC drawdown since its inception was -92.54%, which is greater than EMM's maximum drawdown of -21.99%. Use the drawdown chart below to compare losses from any high point for EDC and EMM.
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Drawdown Indicators
| EDC | EMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.54% | -21.99% | -70.55% |
Max Drawdown (1Y)Largest decline over 1 year | -37.98% | -14.75% | -23.23% |
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 | -77.61% | -10.25% | -67.36% |
Average DrawdownAverage peak-to-trough decline | -65.33% | -4.83% | -60.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 3.40% | +7.33% |
Volatility
EDC vs. EMM - Volatility Comparison
Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 28.32% compared to Global X Emerging Markets ex-China ETF (EMM) at 9.84%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than EMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDC | EMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.32% | 9.84% | +18.48% |
Volatility (6M)Calculated over the trailing 6-month period | 45.36% | 15.79% | +29.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.25% | 19.64% | +40.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.21% | 17.69% | +37.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.13% | 17.69% | +42.44% |