EDC vs. FPADX
Compare and contrast key facts about Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Fidelity Emerging Markets Index Fund (FPADX).
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. FPADX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
EDC vs. FPADX - Performance Comparison
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EDC vs. FPADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 3.27% | 94.58% | -2.00% | 7.48% | -60.25% | -20.81% | 6.49% | 43.92% | -49.87% | 138.61% |
FPADX Fidelity Emerging Markets Index Fund | 0.22% | 33.90% | 6.80% | 9.51% | -20.06% | -3.07% | 17.84% | 18.28% | -14.65% | 35.16% |
Returns By Period
In the year-to-date period, EDC achieves a 3.27% return, which is significantly higher than FPADX's 0.22% return. Over the past 10 years, EDC has underperformed FPADX with an annualized return of 2.21%, while FPADX has yielded a comparatively higher 7.51% annualized return.
EDC
- 1D
- 10.85%
- 1M
- -28.60%
- YTD
- 3.27%
- 6M
- 10.69%
- 1Y
- 85.76%
- 3Y*
- 25.23%
- 5Y*
- -9.26%
- 10Y*
- 2.21%
FPADX
- 1D
- -0.87%
- 1M
- -12.34%
- YTD
- 0.22%
- 6M
- 4.75%
- 1Y
- 29.14%
- 3Y*
- 14.61%
- 5Y*
- 3.41%
- 10Y*
- 7.51%
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EDC vs. FPADX - Expense Ratio Comparison
EDC has a 1.33% expense ratio, which is higher than FPADX's 0.08% expense ratio.
Return for Risk
EDC vs. FPADX — Risk / Return Rank
EDC
FPADX
EDC vs. FPADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Fidelity Emerging Markets Index Fund (FPADX). 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 | FPADX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.64 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.18 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.98 | +0.23 |
Martin ratioReturn relative to average drawdown | 7.97 | 8.08 | -0.11 |
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 | FPADX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.64 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.21 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.43 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.27 | -0.27 |
Correlation
The correlation between EDC and FPADX is 0.94, 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. FPADX - Dividend Comparison
EDC's dividend yield for the trailing twelve months is around 1.65%, less than FPADX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 1.65% | 1.79% | 3.94% | 3.54% | 0.00% | 0.18% | 0.44% | 0.97% | 0.78% | 0.25% | 0.00% | 0.00% |
FPADX Fidelity Emerging Markets Index Fund | 2.35% | 2.35% | 2.70% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 0.12% | 1.69% | 2.47% |
Drawdowns
EDC vs. FPADX - Drawdown Comparison
The maximum EDC drawdown since its inception was -92.54%, which is greater than FPADX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for EDC and FPADX.
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Drawdown Indicators
| EDC | FPADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.54% | -39.16% | -53.38% |
Max Drawdown (1Y)Largest decline over 1 year | -37.98% | -13.28% | -24.70% |
Max Drawdown (5Y)Largest decline over 5 years | -81.10% | -37.04% | -44.06% |
Max Drawdown (10Y)Largest decline over 10 years | -87.01% | -39.16% | -47.85% |
Current DrawdownCurrent decline from peak | -78.08% | -13.28% | -64.80% |
Average DrawdownAverage peak-to-trough decline | -65.32% | -13.39% | -51.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.57% | 3.26% | +7.31% |
Volatility
EDC vs. FPADX - Volatility Comparison
Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 32.05% compared to Fidelity Emerging Markets Index Fund (FPADX) at 8.84%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDC | FPADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.05% | 8.84% | +23.21% |
Volatility (6M)Calculated over the trailing 6-month period | 45.33% | 13.29% | +32.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.23% | 17.59% | +42.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.22% | 16.64% | +38.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.14% | 17.60% | +42.54% |