EDC vs. SOXS
EDC (Direxion Daily Emerging Markets Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - EDC is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, EDC returned 3.69%/yr vs -78.44%/yr for SOXS. Their -0.64 correlation means they have often moved in opposite directions in the past. EDC charges 1.33%/yr vs 1.08%/yr for SOXS.
Performance
EDC vs. SOXS - 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 SOXS's -93.11% return. Over the past 10 years, EDC has outperformed SOXS with an annualized return of 3.69%, while SOXS has yielded a comparatively lower -78.44% annualized 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%
SOXS
- 1D
- -20.25%
- 1M
- -6.14%
- 6M
- -89.05%
- YTD
- -93.11%
- 1Y
- -97.13%
- 3Y*
- -86.28%
- 5Y*
- -79.23%
- 10Y*
- -78.44%
- ALL TIME*
- -71.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.55M | $6.37M | $9.21M | |
| $3.85B | $3.40B | $3.36B |
EDC vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 42.09% | 94.58% | -2.00% | 7.48% | -60.25% | -20.81% | 6.49% | 43.92% | -49.87% | 138.61% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.11% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between EDC and SOXS is -0.78, 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. | -0.78 |
Correlation (3Y) Balances recent behavior with more history. | -0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.64 |
The correlation between EDC and SOXS shifts across timeframes, from -0.78 (1 year) to -0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EDC vs. SOXS — Risk / Return Rank
EDC
SOXS
EDC vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.49 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.72 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | -0.99 | +3.41 |
| Martin ratioReturn relative to average drawdown | 6.72 | -1.35 | +8.07 |
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Drawdowns
EDC vs. SOXS - Drawdown Comparison
The maximum EDC drawdown since its inception was -92.54%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for EDC and SOXS.
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Drawdown Indicators
| EDC | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.54% | -100.00% | +7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -40.06% | -97.89% | +57.83% |
Max Drawdown (3Y)Largest decline over 3 years | -49.48% | -99.87% | +50.39% |
Max Drawdown (5Y)Largest decline over 5 years | -77.83% | -99.98% | +22.15% |
Max Drawdown (10Y)Largest decline over 10 years | -87.01% | -100.00% | +12.99% |
Current DrawdownCurrent decline from peak | -69.84% | -100.00% | +30.16% |
Average DrawdownAverage peak-to-trough decline | -65.37% | -92.66% | +27.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.35% | 71.79% | -57.44% |
Volatility
EDC vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Emerging Markets Bull 3X Shares (EDC) is 26.60%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 57.90%. This indicates that EDC experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDC | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.60% | 57.90% | -31.30% |
Volatility (6M)Calculated over the trailing 6-month period | 67.61% | 118.41% | -50.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.40% | 133.78% | -60.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.52% | 114.93% | -55.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.65% | 103.97% | -42.32% |
EDC vs. SOXS - Expense Ratio Comparison
EDC has a 1.33% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Dividends
EDC vs. SOXS - Dividend Comparison
EDC's dividend yield for the trailing twelve months is around 1.40%, less than SOXS's 53.64% 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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 53.64% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% |
Frequently Asked Questions
EDC and SOXS have a correlation of -0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (57.90%) compared to EDC (26.60%). In terms of maximum drawdown, EDC dropped -92.54% vs SOXS's -100.00%.
On 10-year performance, EDC leads with 3.69% vs -78.44% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, EDC has been the lower-risk option at 26.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EDC has performed better with a 3.69% return vs -78.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXS is cheaper with a 1.08% expense ratio, compared with 1.33% for EDC.
SOXS has the higher dividend yield at 53.64%, compared with 1.40% for EDC.
EDC is categorized as Leveraged Equities, while SOXS is Inverse Equities. EDC tracks MSCI Emerging Markets Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.33% for EDC and 1.08% for SOXS.
EDC currently has the higher Sharpe Ratio (1.32 vs -0.73), 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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