EDZ vs. AMAT
EDZ (Direxion Daily Emerging Markets Bear 3X Shares) is Leveraged Equities fund tracking the MSCI Emerging Markets Index (-300%), while AMAT (Applied Materials, Inc.) is a stock. Over the past 10 years, EDZ returned -34.27%/yr vs 36.10%/yr for AMAT. Their -0.57 correlation means they have often moved in opposite directions in the past.
Performance
EDZ vs. AMAT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EDZ achieves a -51.36% return, which is significantly lower than AMAT's 98.04% return. Over the past 10 years, EDZ has underperformed AMAT with an annualized return of -34.27%, while AMAT has yielded a comparatively higher 36.10% annualized return.
EDZ
- 1D
- -2.59%
- 1M
- 4.19%
- 6M
- -38.26%
- YTD
- -51.36%
- 1Y
- -67.69%
- 3Y*
- -43.25%
- 5Y*
- -26.30%
- 10Y*
- -34.27%
- ALL TIME*
- -40.49%
AMAT
- 1D
- 1.18%
- 1M
- -15.81%
- 6M
- 57.90%
- YTD
- 98.04%
- 1Y
- 184.12%
- 3Y*
- 50.50%
- 5Y*
- 30.49%
- 10Y*
- 36.10%
- ALL TIME*
- 20.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.02B | $4.81B | $5.25B | |
| $5.00M | $3.72M | $4.38M |
EDZ vs. AMAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDZ Direxion Daily Emerging Markets Bear 3X Shares | -51.36% | -59.30% | -12.71% | -20.28% | 49.27% | -8.69% | -68.79% | -43.01% | 32.87% | -64.12% |
AMAT Applied Materials, Inc. | 98.04% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
Correlation
The correlation between EDZ and AMAT is -0.67, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.67 |
Correlation (3Y) Balances recent behavior with more history. | -0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2008 | -0.57 |
The correlation between EDZ and AMAT shifts across timeframes, from -0.67 (1 year) to -0.57 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EDZ vs. AMAT — Risk / Return Rank
EDZ
AMAT
EDZ vs. AMAT - Risk-Adjusted Trends 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.
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.
| EDZ | AMAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.03 | ||
| Sortino ratioReturn per unit of downside risk | -4.77 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.43 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 4.67 | -5.57 |
| Martin ratioReturn relative to average drawdown | -1.41 | 19.21 | -20.61 |
Loading charts...
Drawdowns
EDZ vs. AMAT - Drawdown Comparison
The maximum EDZ drawdown since its inception was -99.99%, 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.
Loading charts...
Drawdown Indicators
| EDZ | AMAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -85.22% | -14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -74.94% | -39.63% | -35.31% |
Max Drawdown (3Y)Largest decline over 3 years | -90.46% | -49.88% | -40.58% |
Max Drawdown (5Y)Largest decline over 5 years | -92.91% | -55.14% | -37.77% |
Max Drawdown (10Y)Largest decline over 10 years | -98.90% | -55.14% | -43.76% |
Current DrawdownCurrent decline from peak | -99.99% | -29.78% | -70.21% |
Average DrawdownAverage peak-to-trough decline | -97.74% | -38.71% | -59.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.58% | 9.62% | +37.96% |
Volatility
EDZ vs. AMAT - Volatility Comparison
Direxion Daily Emerging Markets Bear 3X Shares (EDZ) has a higher volatility of 27.48% compared to Applied Materials, Inc. (AMAT) at 25.47%. 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.
Loading charts...
Volatility by Period
| EDZ | AMAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.48% | 25.47% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 66.43% | 50.11% | +16.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.99% | 59.77% | +13.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.75% | 46.71% | +13.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.90% | 44.28% | +17.62% |
Dividends
EDZ vs. AMAT - Dividend Comparison
EDZ's dividend yield for the trailing twelve months is around 6.88%, more than AMAT's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.38% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
EDZ Direxion Daily Emerging Markets Bear 3X Shares | 6.88% | 6.58% | 4.87% | 4.34% | 0.00% | 0.00% | 0.82% | 1.67% | 0.68% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EDZ and AMAT have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDZ has higher volatility (27.48%) compared to AMAT (25.47%). In terms of maximum drawdown, EDZ dropped -99.99% vs AMAT's -85.22%.
AMAT currently has the higher Sharpe Ratio (3.11 vs -0.92), 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.
Find the right allocation for EDZ and AMAT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer