EDZ vs. AMAT
Compare and contrast key facts about Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and Applied Materials, Inc. (AMAT).
EDZ 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EDZ or AMAT.
Key characteristics
| EDZ | AMAT | |
|---|---|---|
| YTD Return | -18.72% | 15.77% |
| 1Y Return | -33.19% | 25.57% |
| 3Y Return (Ann) | 3.18% | 6.90% |
| 5Y Return (Ann) | -25.91% | 28.11% |
| 10Y Return (Ann) | -25.21% | 25.06% |
| Sharpe Ratio | -0.69 | 0.60 |
| Sortino Ratio | -0.83 | 1.05 |
| Omega Ratio | 0.90 | 1.14 |
| Calmar Ratio | -0.33 | 0.79 |
| Martin Ratio | -1.25 | 1.75 |
| Ulcer Index | 26.47% | 14.16% |
| Daily Std Dev | 47.80% | 41.47% |
| Max Drawdown | -99.97% | -85.22% |
| Current Drawdown | -99.96% | -26.67% |
Correlation
The correlation between EDZ and AMAT is -0.57. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EDZ vs. AMAT - Performance Comparison
In the year-to-date period, EDZ achieves a -18.72% return, which is significantly lower than AMAT's 15.77% return. Over the past 10 years, EDZ has underperformed AMAT with an annualized return of -25.21%, while AMAT has yielded a comparatively higher 25.06% 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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Risk-Adjusted Performance
EDZ vs. AMAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and Applied Materials, Inc. (AMAT). 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
EDZ vs. AMAT - Dividend Comparison
EDZ's dividend yield for the trailing twelve months is around 5.69%, more than AMAT's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDZ Direxion Daily Emerging Markets Bear 3X Shares | 5.69% | 4.33% | 0.00% | 0.00% | 0.82% | 1.67% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMAT Applied Materials, Inc. | 0.77% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% | 1.61% | 2.21% |
Drawdowns
EDZ vs. AMAT - Drawdown Comparison
The maximum EDZ drawdown since its inception was -99.97%, which is greater than AMAT's maximum drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for EDZ and AMAT. For additional features, visit the drawdowns tool.
Volatility
EDZ vs. AMAT - Volatility Comparison
Direxion Daily Emerging Markets Bear 3X Shares (EDZ) has a higher volatility of 16.17% compared to Applied Materials, Inc. (AMAT) at 13.82%. This indicates that EDZ's price experiences larger fluctuations and is considered to be riskier than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.