EDC vs. UPRO

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily Emerging Markets Bull 3X Shares (EDC) and ProShares UltraPro S&P 500 (UPRO).

EDC and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both EDC and UPRO 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. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Emerging Markets Bull 3X Shares (EDC) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

EDC vs. UPRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDC Direxion Daily Emerging Markets Bull 3X Shares	3.27%	94.58%	-2.00%	7.48%	-60.25%	-20.81%	6.49%	43.92%	-49.87%	138.61%
UPRO ProShares UltraPro S&P 500	-16.03%	31.88%	63.57%	68.53%	-56.84%	98.64%	10.09%	102.30%	-25.11%	71.37%

Returns By Period

In the year-to-date period, EDC achieves a 3.27% return, which is significantly higher than UPRO's -16.03% return. Over the past 10 years, EDC has underperformed UPRO with an annualized return of 2.21%, while UPRO has yielded a comparatively higher 25.25% annualized return.

EDC

• 1D: 10.85%
• 1M: -28.60%
• YTD: 3.27%
• 6M: 10.69%
• 1Y: 85.76%
• 3Y*: 25.23%
• 5Y*: -9.26%
• 10Y*: 2.21%

UPRO

• 1D: 8.61%
• 1M: -15.71%
• YTD: -16.03%
• 6M: -12.57%
• 1Y: 32.51%
• 3Y*: 37.29%
• 5Y*: 16.63%
• 10Y*: 25.25%

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

EDC vs. UPRO - Expense Ratio Comparison

EDC has a 1.33% expense ratio, which is higher than UPRO's 0.92% expense ratio.

EDC

Direxion Daily Emerging Markets Bull 3X Shares

UPRO

ProShares UltraPro S&P 500

Return for Risk

EDC vs. UPRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDC

EDC Risk / Return Rank: 78
EDC Sharpe Ratio Rank: 79
EDC Sortino Ratio Rank: 78
EDC Omega Ratio Rank: 76
EDC Calmar Ratio Rank: 81
EDC Martin Ratio Rank: 77

UPRO

UPRO Risk / Return Rank: 45
UPRO Sharpe Ratio Rank: 35
UPRO Sortino Ratio Rank: 46
UPRO Omega Ratio Rank: 49
UPRO Calmar Ratio Rank: 45
UPRO Martin Ratio Rank: 47

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. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and ProShares UltraPro S&P 500 (UPRO). 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	UPRO	Difference
Sharpe ratio Return per unit of total volatility	1.43	0.60	+0.83
Sortino ratio Return per unit of downside risk	1.94	1.18	+0.77
Omega ratio Gain probability vs. loss probability	1.28	1.18	+0.10
Calmar ratio Return relative to maximum drawdown	2.22	1.04	+1.17
Martin ratio Return relative to average drawdown	7.97	4.18	+3.79
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. UPRO - Sharpe Ratio Comparison

The current EDC Sharpe Ratio is 1.43, which is higher than the UPRO Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of EDC and UPRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EDC	UPRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	0.60	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.33	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.47	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.59	-0.60

Correlation

The correlation between EDC and UPRO is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EDC vs. UPRO - Dividend Comparison

EDC's dividend yield for the trailing twelve months is around 1.65%, more than UPRO's 1.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDC Direxion Daily Emerging Markets Bull 3X Shares	1.65%	1.79%	3.94%	3.54%	0.00%	0.18%	0.44%	0.97%	0.78%	0.25%	0.00%	0.00%
UPRO ProShares UltraPro S&P 500	1.04%	0.84%	0.93%	0.74%	0.52%	0.06%	0.11%	0.41%	0.63%	0.00%	0.12%	0.34%

Drawdowns

EDC vs. UPRO - Drawdown Comparison

The maximum EDC drawdown since its inception was -92.54%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for EDC and UPRO.

Drawdown Indicators

	EDC	UPRO	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-76.82%	-15.72%
Max Drawdown (1Y) Largest decline over 1 year	-37.98%	-33.38%	-4.60%
Max Drawdown (5Y) Largest decline over 5 years	-81.10%	-63.94%	-17.16%
Max Drawdown (10Y) Largest decline over 10 years	-87.01%	-76.82%	-10.19%
Current Drawdown Current decline from peak	-78.08%	-20.48%	-57.60%
Average Drawdown Average peak-to-trough decline	-65.32%	-14.53%	-50.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.57%	8.33%	+2.24%

Volatility

EDC vs. UPRO - Volatility Comparison

Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 32.05% compared to ProShares UltraPro S&P 500 (UPRO) at 15.89%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDC	UPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.05%	15.89%	+16.16%
Volatility (6M) Calculated over the trailing 6-month period	45.33%	28.41%	+16.92%
Volatility (1Y) Calculated over the trailing 1-year period	60.23%	54.34%	+5.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.22%	50.34%	+4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.14%	53.70%	+6.44%