EDC vs. SOXS
EDC (Direxion Daily Emerging Markets Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion - EDC tracks the MSCI Emerging Markets Index (300%) while SOXS tracks the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, EDC returned 8.70%/yr vs -78.92%/yr for SOXS. At a correlation of -0.64, they often move in opposite directions. 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 82.36% return, which is significantly higher than SOXS's -92.10% return. Over the past 10 years, EDC has outperformed SOXS with an annualized return of 8.70%, while SOXS has yielded a comparatively lower -78.92% annualized return.
EDC
- 1D
- -3.74%
- 1M
- 26.16%
- YTD
- 82.36%
- 6M
- 92.21%
- 1Y
- 200.25%
- 3Y*
- 52.64%
- 5Y*
- -0.27%
- 10Y*
- 8.70%
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
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 | 82.36% | 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 | -92.10% | -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 -0.72, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010 | -0.64 |
The correlation between EDC and SOXS has been stable across timeframes, ranging from -0.72 to -0.64 - a consistent structural relationship.
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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.
| EDC | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.34 | ||
| Sortino ratioReturn per unit of downside risk | +7.27 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.58 | +0.88 |
| Calmar ratioReturn relative to maximum drawdown | 5.31 | -1.00 | +6.31 |
| Martin ratioReturn relative to average drawdown | 18.68 | -1.44 | +20.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDC | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.38 | -0.96 | +4.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | -0.74 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | -0.79 | +0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.79 | +0.83 |
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 | -37.98% | -97.68% | +59.70% |
Max Drawdown (3Y)Largest decline over 3 years | -49.48% | -99.80% | +50.32% |
Max Drawdown (5Y)Largest decline over 5 years | -80.99% | -99.97% | +18.98% |
Max Drawdown (10Y)Largest decline over 10 years | -87.01% | -100.00% | +12.99% |
Current DrawdownCurrent decline from peak | -61.29% | -100.00% | +38.71% |
Average DrawdownAverage peak-to-trough decline | -65.36% | -92.60% | +27.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.77% | 68.64% | -57.87% |
Volatility
EDC vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Emerging Markets Bull 3X Shares (EDC) is 25.80%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. 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 | 25.80% | 44.22% | -18.42% |
Volatility (6M)Calculated over the trailing 6-month period | 51.94% | 83.94% | -32.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.67% | 102.18% | -42.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.68% | 108.21% | -51.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.69% | 100.48% | -39.79% |
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 0.93%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 0.93% | 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 | 68.34% | 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 -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to EDC (25.80%). In terms of maximum drawdown, EDC dropped -92.54% vs SOXS's -100.00%.
On 10-year performance, EDC leads with 8.70% vs -78.92% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, EDC has been the lower-risk option at 25.80%. 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 8.70% return vs -78.92%. 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 68.34%, compared with 0.93% for EDC.
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 (3.38 vs -0.96), 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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