EDC vs. GABC

Last updated Jun 13, 2026

EDC (Direxion Daily Emerging Markets Bull 3X Shares) is Leveraged Equities fund tracking the MSCI Emerging Markets Index (300%), while GABC (German American Bancorp, Inc.) is a stock. Over the past 10 years, EDC returned 8.38%/yr vs 10.48%/yr for GABC. At a 0.35 correlation, their price movements are largely independent.

Performance

EDC vs. GABC - Performance Comparison

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

Returns By Period

In the year-to-date period, EDC achieves a 62.45% return, which is significantly higher than GABC's 18.84% return. Over the past 10 years, EDC has underperformed GABC with an annualized return of 8.38%, while GABC has yielded a comparatively higher 10.48% annualized return.

EDC

• 1D: 1.22%
• 1M: -1.45%
• YTD: 62.45%
• 6M: 72.90%
• 1Y: 137.10%
• 3Y*: 43.12%
• 5Y*: -2.02%
• 10Y*: 8.38%

GABC

• 1D: 1.37%
• 1M: 8.77%
• YTD: 18.84%
• 6M: 13.82%
• 1Y: 23.12%
• 3Y*: 18.48%
• 5Y*: 5.99%
• 10Y*: 10.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDC vs. GABC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDC Direxion Daily Emerging Markets Bull 3X Shares	62.45%	94.58%	-2.00%	7.48%	-60.25%	-20.81%	6.49%	43.92%	-49.87%	138.61%
GABC German American Bancorp, Inc.	18.84%	0.34%	27.90%	-10.24%	-1.96%	20.32%	-4.72%	31.11%	-20.02%	2.31%

Correlation

The correlation between EDC and GABC is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Dec 30, 2008	0.35

The correlation between EDC and GABC shifts across timeframes, from 0.16 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EDC vs. GABC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDC

EDC Risk / Return Rank: 71
EDC Sharpe Ratio Rank: 76
EDC Sortino Ratio Rank: 60
EDC Omega Ratio Rank: 68
EDC Calmar Ratio Rank: 79
EDC Martin Ratio Rank: 74

GABC

GABC Risk / Return Rank: 72
GABC Sharpe Ratio Rank: 74
GABC Sortino Ratio Rank: 69
GABC Omega Ratio Rank: 65
GABC Calmar Ratio Rank: 77
GABC Martin Ratio Rank: 77

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. GABC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and German American Bancorp, Inc. (GABC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EDC	GABC	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.01	+1.12
Sortino ratio: Return per unit of downside risk	2.47	1.57	+0.90
Omega ratio: Gain probability vs. loss probability	1.35	1.19	+0.17
Calmar ratio: Return relative to maximum drawdown	3.63	2.05	+1.58
Martin ratio: Return relative to average drawdown	12.25	5.09	+7.16

EDC vs. GABC - Sharpe Ratio Comparison

The current EDC Sharpe Ratio is 2.13, which is higher than the GABC Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of EDC and GABC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EDC vs. GABC - Drawdown Comparison

The maximum EDC drawdown since its inception was -92.54%, which is greater than GABC's maximum drawdown of -63.37%. Use the drawdown chart below to compare losses from any high point for EDC and GABC.

Drawdown Indicators

	EDC	GABC	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-63.37%	-29.17%
Max Drawdown (1Y) Largest decline over 1 year	-37.98%	-11.30%	-26.68%
Max Drawdown (3Y) Largest decline over 3 years	-49.48%	-25.32%	-24.16%
Max Drawdown (5Y) Largest decline over 5 years	-80.70%	-38.28%	-42.42%
Max Drawdown (10Y) Largest decline over 10 years	-87.01%	-45.47%	-41.54%
Current Drawdown Current decline from peak	-65.52%	0.00%	-65.52%
Average Drawdown Average peak-to-trough decline	-65.35%	-22.04%	-43.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.25%	4.58%	+6.67%

Volatility

EDC vs. GABC - Volatility Comparison

Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 33.39% compared to German American Bancorp, Inc. (GABC) at 5.74%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than GABC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDC	GABC	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.39%	5.74%	+27.65%
Volatility (6M) Calculated over the trailing 6-month period	58.40%	15.91%	+42.49%
Volatility (1Y) Calculated over the trailing 1-year period	64.72%	23.02%	+41.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.74%	26.65%	+31.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.12%	28.87%	+32.25%

Dividends

EDC vs. GABC - Dividend Comparison

EDC's dividend yield for the trailing twelve months is around 1.05%, less than GABC's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDC Direxion Daily Emerging Markets Bull 3X Shares	1.05%	1.79%	3.94%	3.54%	0.00%	0.18%	0.44%	0.97%	0.78%	0.25%	0.00%	0.00%
GABC German American Bancorp, Inc.	2.61%	2.96%	2.69%	3.09%	2.47%	2.15%	2.30%	1.91%	2.16%	1.46%	1.37%	2.04%

Frequently Asked Questions

Can I hold both EDC and GABC in my portfolio?

EDC and GABC have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDC or GABC?

EDC has higher volatility (33.39%) compared to GABC (5.74%). In terms of maximum drawdown, EDC dropped -92.54% vs GABC's -63.37%.

Which has better risk-adjusted returns?

EDC currently has the higher Sharpe Ratio (2.13 vs 1.01), 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.