EDC vs. TYD
EDC (Direxion Daily Emerging Markets Bull 3X Shares) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - EDC is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (300%), while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, EDC returned 4.08%/yr vs -5.55%/yr for TYD. At a correlation of -0.16, they often move in opposite directions. EDC charges 1.33%/yr vs 1.09%/yr for TYD.
Performance
EDC vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, EDC achieves a 39.94% return, which is significantly higher than TYD's -8.67% return. Over the past 10 years, EDC has outperformed TYD with an annualized return of 4.08%, while TYD has yielded a comparatively lower -5.55% annualized return.
EDC
- 1D
- 8.14%
- 1M
- -24.43%
- 6M
- 22.95%
- YTD
- 39.94%
- 1Y
- 83.57%
- 3Y*
- 37.14%
- 5Y*
- -2.65%
- 10Y*
- 4.08%
- ALL TIME*
- 1.82%
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
EDC vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 39.94% | 94.58% | -2.00% | 7.48% | -60.25% | -20.81% | 6.49% | 43.92% | -49.87% | 138.61% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between EDC and TYD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | -0.16 |
The correlation between EDC and TYD shifts across timeframes, from -0.16 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EDC vs. TYD — Risk / Return Rank
EDC
TYD
EDC vs. TYD - 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 7-10 Year Treasury Bull 3X (TYD). 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 | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.96 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | -0.29 | +2.51 |
| Martin ratioReturn relative to average drawdown | 6.48 | -0.64 | +7.12 |
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Drawdowns
EDC vs. TYD - Drawdown Comparison
The maximum EDC drawdown since its inception was -92.54%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for EDC and TYD.
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Drawdown Indicators
| EDC | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.54% | -64.28% | -28.26% |
Max Drawdown (1Y)Largest decline over 1 year | -37.98% | -13.54% | -24.44% |
Max Drawdown (3Y)Largest decline over 3 years | -49.48% | -22.32% | -27.16% |
Max Drawdown (5Y)Largest decline over 5 years | -77.83% | -59.84% | -17.99% |
Max Drawdown (10Y)Largest decline over 10 years | -87.01% | -64.28% | -22.73% |
Current DrawdownCurrent decline from peak | -70.30% | -60.31% | -9.99% |
Average DrawdownAverage peak-to-trough decline | -65.36% | -22.22% | -43.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.94% | 6.24% | +6.70% |
Volatility
EDC vs. TYD - Volatility Comparison
Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 30.23% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.93%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDC | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.23% | 3.93% | +26.30% |
Volatility (6M)Calculated over the trailing 6-month period | 66.13% | 10.30% | +55.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.38% | 13.80% | +57.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.25% | 22.92% | +36.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.41% | 20.20% | +41.21% |
EDC vs. TYD - Expense Ratio Comparison
EDC has a 1.33% expense ratio, which is higher than TYD's 1.09% expense ratio.
Dividends
EDC vs. TYD - Dividend Comparison
EDC's dividend yield for the trailing twelve months is around 1.42%, less than TYD's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 1.42% | 1.79% | 3.94% | 3.54% | 0.00% | 0.18% | 0.44% | 0.97% | 0.78% | 0.25% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.38% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Frequently Asked Questions
EDC and TYD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDC has higher volatility (30.23%) compared to TYD (3.93%). In terms of maximum drawdown, EDC dropped -92.54% vs TYD's -64.28%.
On 10-year performance, EDC leads with 4.08% vs -5.55% for TYD. On fees, TYD is cheaper at 1.09% per year. On volatility, TYD has been the lower-risk option at 3.93%. 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 4.08% return vs -5.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYD is cheaper with a 1.09% expense ratio, compared with 1.33% for EDC.
TYD has the higher dividend yield at 3.38%, compared with 1.42% for EDC.
EDC is categorized as Leveraged Equities, while TYD is Leveraged Bonds. EDC tracks MSCI Emerging Markets Index (300%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. Their fees differ too: 1.33% for EDC and 1.09% for TYD.
EDC currently has the higher Sharpe Ratio (1.18 vs -0.29), 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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