EDC vs. IREG

Last updated Jun 24, 2026

EDC (Direxion Daily Emerging Markets Bull 3X Shares) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. EDC is passively managed, while IREG is actively managed. A 0.56 correlation means they provide meaningful diversification when combined. EDC charges 1.33%/yr vs 0.75%/yr for IREG.

Performance

EDC vs. IREG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Leverage Shares 2X Long IREN Daily ETF (IREG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDC achieves a 55.46% return, which is significantly higher than IREG's 15.19% return.

EDC

• 1D: -17.43%
• 1M: 1.18%
• YTD: 55.46%
• 6M: 58.75%
• 1Y: 138.81%
• 3Y*: 45.52%
• 5Y*: -2.63%
• 10Y*: 8.13%

IREG

• 1D: -7.71%
• 1M: -15.58%
• YTD: 15.19%
• 6M: -7.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDC vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
EDC Direxion Daily Emerging Markets Bull 3X Shares	55.46%	7.50%
IREG Leverage Shares 2X Long IREN Daily ETF	15.19%	16.86%

Correlation

The correlation between EDC and IREG is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.56

Return for Risk

EDC vs. IREG — Risk / Return Rank

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

EDC

EDC Risk / Return Rank: 65
EDC Sharpe Ratio Rank: 66
EDC Sortino Ratio Rank: 51
EDC Omega Ratio Rank: 60
EDC Calmar Ratio Rank: 76
EDC Martin Ratio Rank: 70

IREG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. IREG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Leverage Shares 2X Long IREN Daily ETF (IREG). 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	IREG	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.68	—	—
Martin ratio: Return relative to average drawdown	12.31	—	—

Drawdowns

EDC vs. IREG - Drawdown Comparison

The maximum EDC drawdown since its inception was -92.54%, which is greater than IREG's maximum drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for EDC and IREG.

Drawdown Indicators

	EDC	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-80.08%	-12.46%
Max Drawdown (1Y) Largest decline over 1 year	-37.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-49.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-80.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-87.01%	—	—
Current Drawdown Current decline from peak	-67.00%	-54.09%	-12.91%
Average Drawdown Average peak-to-trough decline	-65.34%	-44.16%	-21.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.33%	—	—

Volatility

Volatility by Period

	EDC	IREG	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	62.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	68.25%	207.96%	-139.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.62%	207.96%	-149.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.23%	207.96%	-146.73%

EDC vs. IREG - Expense Ratio Comparison

EDC has a 1.33% expense ratio, which is higher than IREG's 0.75% expense ratio.

Dividends

EDC vs. IREG - Dividend Comparison

EDC's dividend yield for the trailing twelve months is around 1.10%, while IREG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDC Direxion Daily Emerging Markets Bull 3X Shares	1.10%	1.79%	3.94%	3.54%	0.00%	0.18%	0.44%	0.97%	0.78%	0.25%
IREG Leverage Shares 2X Long IREN Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EDC and IREG in my portfolio?

EDC and IREG have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EDC or IREG?

On fees, IREG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EDC or IREG?

IREG is cheaper with a 0.75% expense ratio, compared with 1.33% for EDC.

Which ETF pays a higher dividend yield, EDC or IREG?

EDC has the higher dividend yield at 1.10%, compared with 0.00% for IREG.

What is the main difference between EDC and IREG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.33% for EDC and 0.75% for IREG.