EDZ vs. BEG

Last updated Jun 23, 2026

EDZ (Direxion Daily Emerging Markets Bear 3X Shares) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. EDZ is passively managed, while BEG is actively managed. At a correlation of -0.40, they often move in opposite directions. EDZ charges 1.08%/yr vs 0.75%/yr for BEG.

Performance

EDZ vs. BEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and Leverage Shares 2X Long BE Daily ETF (BEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDZ achieves a -62.28% return, which is significantly lower than BEG's 778.97% return.

EDZ

• 1D: -1.70%
• 1M: -26.11%
• YTD: -62.28%
• 6M: -63.64%
• 1Y: -77.56%
• 3Y*: -50.67%
• 5Y*: -27.89%
• 10Y*: -37.86%

BEG

• 1D: 10.53%
• 1M: 20.45%
• YTD: 778.97%
• 6M: 676.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDZ vs. BEG - Yearly Performance Comparison

	2026 (YTD)	2025
EDZ Direxion Daily Emerging Markets Bear 3X Shares	-62.28%	-7.27%
BEG Leverage Shares 2X Long BE Daily ETF	778.97%	1.77%

Correlation

The correlation between EDZ and BEG is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	-0.40

Return for Risk

EDZ vs. BEG — Risk / Return Rank

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

EDZ

EDZ Risk / Return Rank: 0
EDZ Sharpe Ratio Rank: 1
EDZ Sortino Ratio Rank: 0
EDZ Omega Ratio Rank: 0
EDZ Calmar Ratio Rank: 0
EDZ Martin Ratio Rank: 0

BEG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

EDZ vs. BEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and Leverage Shares 2X Long BE Daily ETF (BEG). 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	BEG	Difference
Sharpe ratio: Return per unit of total volatility	-1.18	—	—
Sortino ratio: Return per unit of downside risk	-2.58	—	—
Omega ratio: Gain probability vs. loss probability	0.70	—	—
Calmar ratio: Return relative to maximum drawdown	-1.01	—	—
Martin ratio: Return relative to average drawdown	-1.70	—	—

Drawdowns

EDZ vs. BEG - Drawdown Comparison

The maximum EDZ drawdown since its inception was -99.99%, which is greater than BEG's maximum drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for EDZ and BEG.

Drawdown Indicators

	EDZ	BEG	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-59.85%	-40.14%
Max Drawdown (1Y) Largest decline over 1 year	-77.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-90.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.17%	—	—
Current Drawdown Current decline from peak	-99.99%	0.00%	-99.99%
Average Drawdown Average peak-to-trough decline	-97.73%	-16.76%	-80.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.71%	—	—

Volatility

Volatility by Period

	EDZ	BEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	58.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	65.85%	212.53%	-146.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.44%	212.53%	-154.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.54%	212.53%	-150.99%

EDZ vs. BEG - Expense Ratio Comparison

EDZ has a 1.08% expense ratio, which is higher than BEG's 0.75% expense ratio.

Dividends

EDZ vs. BEG - Dividend Comparison

EDZ's dividend yield for the trailing twelve months is around 11.71%, while BEG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BEG Leverage Shares 2X Long BE Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EDZ Direxion Daily Emerging Markets Bear 3X Shares	11.71%	6.58%	4.87%	4.34%	0.00%	0.00%	0.82%	1.67%	0.68%

Frequently Asked Questions

Can I hold both EDZ and BEG in my portfolio?

EDZ and BEG have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EDZ or BEG?

On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EDZ or BEG?

BEG is cheaper with a 0.75% expense ratio, compared with 1.08% for EDZ.

Which ETF pays a higher dividend yield, EDZ or BEG?

EDZ has the higher dividend yield at 11.71%, compared with 0.00% for BEG.

What is the main difference between EDZ and BEG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.08% for EDZ and 0.75% for BEG.