EDC vs. YINN
Compare and contrast key facts about Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Direxion Daily China 3x Bull Shares (YINN).
EDC and YINN 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. YINN is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (300%). It was launched on Dec 3, 2009. Both EDC and YINN 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 YINN.
Key characteristics
| EDC | YINN | |
|---|---|---|
| YTD Return | 6.63% | 26.35% |
| 1Y Return | 15.53% | -27.59% |
| 3Y Return (Ann) | -30.59% | -57.79% |
| 5Y Return (Ann) | -16.79% | -43.65% |
| 10Y Return (Ann) | -10.58% | -23.48% |
| Sharpe Ratio | 0.34 | -0.34 |
| Daily Std Dev | 44.72% | 82.60% |
| Max Drawdown | -92.54% | -98.87% |
| Current Drawdown | -88.13% | -97.86% |
Correlation
The correlation between EDC and YINN is 0.85, 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.
Performance
EDC vs. YINN - Performance Comparison
In the year-to-date period, EDC achieves a 6.63% return, which is significantly lower than YINN's 26.35% return. Over the past 10 years, EDC has outperformed YINN with an annualized return of -10.58%, while YINN has yielded a comparatively lower -23.48% 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. YINN - Expense Ratio Comparison
EDC has a 1.33% expense ratio, which is lower than YINN's 1.52% expense ratio.
Risk-Adjusted Performance
EDC vs. YINN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and Direxion Daily China 3x Bull Shares (YINN). 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. YINN - Dividend Comparison
EDC's dividend yield for the trailing twelve months is around 3.77%, more than YINN's 2.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EDC Direxion Daily Emerging Markets Bull 3X Shares | 3.77% | 3.54% | 0.00% | 0.18% | 0.44% | 0.97% | 0.78% | 0.25% | 0.00% | 0.00% | 0.00% |
YINN Direxion Daily China 3x Bull Shares | 2.82% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% |
Drawdowns
EDC vs. YINN - Drawdown Comparison
The maximum EDC drawdown since its inception was -92.54%, smaller than the maximum YINN drawdown of -98.87%. Use the drawdown chart below to compare losses from any high point for EDC and YINN. For additional features, visit the drawdowns tool.
Volatility
EDC vs. YINN - Volatility Comparison
The current volatility for Direxion Daily Emerging Markets Bull 3X Shares (EDC) is 15.16%, while Direxion Daily China 3x Bull Shares (YINN) has a volatility of 23.45%. This indicates that EDC experiences smaller price fluctuations and is considered to be less risky than YINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.