EDC vs. IBIC
EDC (Direxion Daily Emerging Markets Bull 3X Shares) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - EDC is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (300%), while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, EDC returned 96.15% vs 4.02% for IBIC. Their -0.02 correlation means they have often moved in opposite directions in the past. EDC charges 1.33%/yr vs 0.10%/yr for IBIC.
Performance
EDC vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, EDC achieves a 42.09% return, which is significantly higher than IBIC's 2.67% return.
EDC
- 1D
- 7.65%
- 1M
- -2.11%
- 6M
- 12.03%
- YTD
- 42.09%
- 1Y
- 96.15%
- 3Y*
- 37.61%
- 5Y*
- -1.17%
- 10Y*
- 3.69%
- ALL TIME*
- 1.91%
IBIC
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 2.37%
- YTD
- 2.67%
- 1Y
- 4.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.55M | $6.37M | $9.21M | |
| $1.04M | $809.24K | $530.96K |
EDC vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 42.09% | 94.58% | -2.00% | 7.60% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.67% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between EDC and IBIC is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.02 |
Over the past year, the inverse relationship between EDC and IBIC has strengthened: their correlation has moved from -0.02 to -0.23, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
EDC vs. IBIC — Risk / Return Rank
EDC
IBIC
EDC vs. IBIC - 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 iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.26 | ||
| Sortino ratioReturn per unit of downside risk | -6.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 2.09 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 15.07 | -12.66 |
| Martin ratioReturn relative to average drawdown | 6.72 | 51.54 | -44.82 |
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Drawdowns
EDC vs. IBIC - Drawdown Comparison
The maximum EDC drawdown since its inception was -92.54%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for EDC and IBIC.
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Drawdown Indicators
| EDC | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.54% | -0.90% | -91.64% |
Max Drawdown (1Y)Largest decline over 1 year | -40.06% | -0.27% | -39.79% |
Max Drawdown (3Y)Largest decline over 3 years | -49.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.01% | — | — |
Current DrawdownCurrent decline from peak | -69.84% | -0.08% | -69.76% |
Average DrawdownAverage peak-to-trough decline | -65.37% | -0.10% | -65.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.35% | 0.08% | +14.27% |
Volatility
EDC vs. IBIC - Volatility Comparison
Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 26.60% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.23%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDC | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.60% | 0.23% | +26.37% |
Volatility (6M)Calculated over the trailing 6-month period | 67.61% | 0.69% | +66.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.40% | 0.89% | +72.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.52% | 1.54% | +57.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.65% | 1.54% | +60.11% |
EDC vs. IBIC - Expense Ratio Comparison
EDC has a 1.33% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
EDC vs. IBIC - Dividend Comparison
EDC's dividend yield for the trailing twelve months is around 1.40%, less than IBIC's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 1.40% | 1.79% | 3.94% | 3.54% | 0.00% | 0.18% | 0.44% | 0.97% | 0.78% | 0.25% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EDC and IBIC have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDC has higher volatility (26.60%) compared to IBIC (0.23%). In terms of maximum drawdown, EDC dropped -92.54% vs IBIC's -0.90%.
On 1-year performance, EDC leads with 96.15% vs 4.02% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EDC has performed better with a 96.15% return vs 4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 1.33% for EDC.
IBIC has the higher dividend yield at 4.62%, compared with 1.40% for EDC.
EDC is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. EDC tracks MSCI Emerging Markets Index (300%), while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.33% for EDC and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.57 vs 1.32), 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.
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