EDZ vs. BERZ
Compare and contrast key facts about Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ).
EDZ and BERZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BERZ is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive FANG Innovation Index. It was launched on Aug 17, 2021. Both EDZ and BERZ 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: EDZ or BERZ.
Key characteristics
| EDZ | BERZ | |
|---|---|---|
| YTD Return | -18.72% | -65.32% |
| 1Y Return | -33.19% | -75.13% |
| 3Y Return (Ann) | 3.18% | -57.22% |
| Sharpe Ratio | -0.69 | -1.06 |
| Sortino Ratio | -0.83 | -2.21 |
| Omega Ratio | 0.90 | 0.76 |
| Calmar Ratio | -0.33 | -0.77 |
| Martin Ratio | -1.25 | -1.41 |
| Ulcer Index | 26.47% | 53.09% |
| Daily Std Dev | 47.80% | 70.92% |
| Max Drawdown | -99.97% | -97.18% |
| Current Drawdown | -99.96% | -97.11% |
Correlation
The correlation between EDZ and BERZ is 0.61, 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
EDZ vs. BERZ - Performance Comparison
In the year-to-date period, EDZ achieves a -18.72% return, which is significantly higher than BERZ's -65.32% 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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EDZ vs. BERZ - Expense Ratio Comparison
EDZ has a 1.08% expense ratio, which is higher than BERZ's 0.95% expense ratio.
Risk-Adjusted Performance
EDZ vs. BERZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ). 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. BERZ - Dividend Comparison
EDZ's dividend yield for the trailing twelve months is around 5.69%, while BERZ has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EDZ Direxion Daily Emerging Markets Bear 3X Shares | 5.69% | 4.33% | 0.00% | 0.00% | 0.82% | 1.67% | 0.68% |
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EDZ vs. BERZ - Drawdown Comparison
The maximum EDZ drawdown since its inception was -99.97%, roughly equal to the maximum BERZ drawdown of -97.18%. Use the drawdown chart below to compare losses from any high point for EDZ and BERZ. For additional features, visit the drawdowns tool.
Volatility
EDZ vs. BERZ - Volatility Comparison
The current volatility for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) is 16.17%, while MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a volatility of 22.61%. This indicates that EDZ experiences smaller price fluctuations and is considered to be less risky than BERZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.