EDC vs. MUU

Last updated Jun 24, 2026

EDC (Direxion Daily Emerging Markets Bull 3X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - EDC tracks the MSCI Emerging Markets Index (300%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. With a 1.00 correlation, they move nearly in lockstep. EDC charges 1.33%/yr vs 1.01%/yr for MUU.

Performance

EDC vs. MUU - Performance Comparison

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

Returns By Period

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%

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDC vs. MUU - Yearly Performance Comparison

	2026 (YTD)
EDC Direxion Daily Emerging Markets Bull 3X Shares	-13.03%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between EDC and MUU is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	1.00

Return for Risk

EDC vs. MUU — 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

MUU

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. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Direxion Daily MU Bull 2X Shares (MUU). 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	MUU	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. MUU - Drawdown Comparison

The maximum EDC drawdown since its inception was -92.54%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for EDC and MUU.

Drawdown Indicators

	EDC	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-26.28%	-66.26%
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%	-26.28%	-40.72%
Average Drawdown Average peak-to-trough decline	-65.34%	-10.19%	-55.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.33%	—	—

Volatility

Volatility by Period

	EDC	MUU	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%	295.32%	-227.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.62%	295.32%	-236.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.23%	295.32%	-234.09%

EDC vs. MUU - Expense Ratio Comparison

EDC has a 1.33% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

EDC vs. MUU - Dividend Comparison

EDC's dividend yield for the trailing twelve months is around 1.10%, while MUU 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%
MUU Direxion Daily MU Bull 2X Shares	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 MUU in my portfolio?

With a correlation of 1.00, EDC and MUU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EDC or MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EDC or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.33% for EDC.

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

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

What is the main difference between EDC and MUU?

EDC tracks MSCI Emerging Markets Index (300%), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.33% for EDC and 1.01% for MUU.