EDC vs. VYM
Compare and contrast key facts about Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Vanguard High Dividend Yield ETF (VYM).
EDC and VYM 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. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006. Both EDC and VYM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EDC or VYM.
Key characteristics
| EDC | VYM | |
|---|---|---|
| YTD Return | 13.18% | 21.47% |
| 1Y Return | 35.56% | 33.41% |
| 3Y Return (Ann) | -25.57% | 9.71% |
| 5Y Return (Ann) | -13.15% | 11.32% |
| 10Y Return (Ann) | -9.92% | 10.17% |
| Sharpe Ratio | 0.80 | 3.25 |
| Sortino Ratio | 1.36 | 4.61 |
| Omega Ratio | 1.17 | 1.60 |
| Calmar Ratio | 0.42 | 5.38 |
| Martin Ratio | 3.92 | 21.37 |
| Ulcer Index | 9.72% | 1.63% |
| Daily Std Dev | 47.64% | 10.68% |
| Max Drawdown | -92.54% | -56.98% |
| Current Drawdown | -87.40% | 0.00% |
Correlation
The correlation between EDC and VYM is 0.69, 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.
Performance
EDC vs. VYM - Performance Comparison
In the year-to-date period, EDC achieves a 13.18% return, which is significantly lower than VYM's 21.47% return. Over the past 10 years, EDC has underperformed VYM with an annualized return of -9.92%, while VYM has yielded a comparatively higher 10.17% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EDC vs. VYM - Expense Ratio Comparison
EDC has a 1.33% expense ratio, which is higher than VYM's 0.06% expense ratio.
Risk-Adjusted Performance
EDC vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Vanguard High Dividend Yield ETF (VYM). 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.
Dividends
EDC vs. VYM - Dividend Comparison
EDC's dividend yield for the trailing twelve months is around 3.45%, more than VYM's 2.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 3.45% | 3.54% | 0.00% | 0.18% | 0.44% | 0.97% | 0.78% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
VYM Vanguard High Dividend Yield ETF | 2.73% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
EDC vs. VYM - Drawdown Comparison
The maximum EDC drawdown since its inception was -92.54%, which is greater than VYM's maximum drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for EDC and VYM. For additional features, visit the drawdowns tool.
Volatility
EDC vs. VYM - Volatility Comparison
Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 15.07% compared to Vanguard High Dividend Yield ETF (VYM) at 3.80%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.