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EDC vs. QQQE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EDC vs. QQQE

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).

EDC and QQQE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012. Both EDC and QQQE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EDC vs. QQQE - 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 NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

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EDC vs. QQQE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EDC
Direxion Daily Emerging Markets Bull 3X Shares		5.49%94.58%-2.00%7.48%-60.25%-20.81%6.49%43.92%-49.87%138.61%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		-2.88%14.58%6.98%33.76%-24.47%17.93%37.85%36.43%-5.40%26.53%

Returns By Period

In the year-to-date period, EDC achieves a 5.49% return, which is significantly higher than QQQE's -2.88% return. Over the past 10 years, EDC has underperformed QQQE with an annualized return of 2.42%, while QQQE has yielded a comparatively higher 13.30% annualized return.

EDC

1D
2.14%
1M
-23.01%
YTD
5.49%
6M
10.46%
1Y
87.48%
3Y*
26.12%
5Y*
-8.88%
10Y*
2.42%

QQQE

1D
0.68%
1M
-4.20%
YTD
-2.88%
6M
-2.59%
1Y
13.91%
3Y*
11.84%
5Y*
6.34%
10Y*
13.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Direxion Daily Emerging Markets Bull 3X Shares

Direxion NASDAQ-100 Equal Weighted Index Shares

Often compared with EDC:
EDC vs. EDZEDC vs. EEMEDC vs. EETEDC vs. YINNEDC vs. TMFEDC vs. EDIVEDC vs. UPRO
Often compared with QQQE:
QQQE vs. QQQQQQE vs. QQQMQQQE vs. QQEWQQQE vs. TQQQQQQE vs. SPYGQQQE vs. VOOQQQE vs. SPY

EDC vs. QQQE - Expense Ratio Comparison

EDC has a 1.33% expense ratio, which is higher than QQQE's 0.35% expense ratio.

EDC
Direxion Daily Emerging Markets Bull 3X Shares
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares

Return for Risk

EDC vs. QQQE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EDC
EDC Risk / Return Rank: 7676
Overall Rank
EDC Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
EDC Sortino Ratio Rank: 7575
Sortino Ratio Rank
EDC Omega Ratio Rank: 7373
Omega Ratio Rank
EDC Calmar Ratio Rank: 8080
Calmar Ratio Rank
EDC Martin Ratio Rank: 7575
Martin Ratio Rank
QQQE
QQQE Risk / Return Rank: 3939
Overall Rank
QQQE Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
QQQE Sortino Ratio Rank: 3737
Sortino Ratio Rank
QQQE Omega Ratio Rank: 3838
Omega Ratio Rank
QQQE Calmar Ratio Rank: 4242
Calmar Ratio Rank
QQQE Martin Ratio Rank: 4646
Martin Ratio Rank
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. QQQE - 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 NASDAQ-100 Equal Weighted Index Shares (QQQE). 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.

EDCQQQEDifference

Sharpe ratio

Return per unit of total volatility

1.46

0.68

+0.78

Sortino ratio

Return per unit of downside risk

1.97

1.13

+0.84

Omega ratio

Gain probability vs. loss probability

1.28

1.16

+0.12

Calmar ratio

Return relative to maximum drawdown

2.36

1.14

+1.23

Martin ratio

Return relative to average drawdown

8.36

4.59

+3.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDC vs. QQQE - Sharpe Ratio Comparison

The current EDC Sharpe Ratio is 1.46, which is higher than the QQQE Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of EDC and QQQE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EDCQQQEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

0.68

+0.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.16

0.31

-0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.04

0.64

-0.60

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.00

0.69

-0.69

Correlation

The correlation between EDC and QQQE is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EDC vs. QQQE - Dividend Comparison

EDC's dividend yield for the trailing twelve months is around 1.62%, more than QQQE's 0.64% yield.

TTM20252024202320222021202020192018201720162015
EDC
Direxion Daily Emerging Markets Bull 3X Shares		1.62%1.79%3.94%3.54%0.00%0.18%0.44%0.97%0.78%0.25%0.00%0.00%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		0.64%0.52%0.86%0.79%0.98%3.83%0.54%0.74%0.80%0.65%1.17%0.57%

Drawdowns

EDC vs. QQQE - Drawdown Comparison

The maximum EDC drawdown since its inception was -92.54%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for EDC and QQQE.

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Drawdown Indicators

EDCQQQEDifference

Max Drawdown

Largest peak-to-trough decline

-92.54%

-32.14%

-60.40%

Max Drawdown (1Y)

Largest decline over 1 year

-37.98%

-12.74%

-25.24%

Max Drawdown (5Y)

Largest decline over 5 years

-81.10%

-32.14%

-48.96%

Max Drawdown (10Y)

Largest decline over 10 years

-87.01%

-32.14%

-54.87%

Current Drawdown

Current decline from peak

-77.61%

-6.45%

-71.16%

Average Drawdown

Average peak-to-trough decline

-65.33%

-5.22%

-60.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.73%

3.16%

+7.57%

Volatility

EDC vs. QQQE - Volatility Comparison

Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 28.32% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 5.64%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EDCQQQEDifference

Volatility (1M)

Calculated over the trailing 1-month period

28.32%

5.64%

+22.68%

Volatility (6M)

Calculated over the trailing 6-month period

45.36%

11.05%

+34.31%

Volatility (1Y)

Calculated over the trailing 1-year period

60.25%

20.47%

+39.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

55.21%

20.32%

+34.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

60.13%

20.71%

+39.42%