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 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.
Performance
EDZ vs. BERZ - Performance Comparison
Loading graphics...
EDZ vs. BERZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EDZ Direxion Daily Emerging Markets Bear 3X Shares | -16.24% | -59.30% | -12.71% | -20.28% | 49.27% | -0.93% |
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 19.74% | -78.81% | -65.95% | -89.12% | 102.85% | -30.19% |
Returns By Period
In the year-to-date period, EDZ achieves a -16.24% return, which is significantly lower than BERZ's 19.74% return.
EDZ
- 1D
- -10.95%
- 1M
- 26.71%
- YTD
- -16.24%
- 6M
- -25.08%
- 1Y
- -61.49%
- 3Y*
- -35.39%
- 5Y*
- -16.80%
- 10Y*
- -32.46%
BERZ
- 1D
- -14.87%
- 1M
- 7.73%
- YTD
- 19.74%
- 6M
- -4.91%
- 1Y
- -79.02%
- 3Y*
- -70.51%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EDZ vs. BERZ - Expense Ratio Comparison
EDZ has a 1.08% expense ratio, which is higher than BERZ's 0.95% expense ratio.
Return for Risk
EDZ vs. BERZ — Risk / Return Rank
EDZ
BERZ
EDZ vs. BERZ - Risk-Adjusted Trends 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.
| EDZ | BERZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.02 | -0.84 | -0.17 |
Sortino ratioReturn per unit of downside risk | -1.74 | -1.52 | -0.22 |
Omega ratioGain probability vs. loss probability | 0.79 | 0.81 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.88 | +0.11 |
Martin ratioReturn relative to average drawdown | -1.01 | -1.00 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EDZ | BERZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.02 | -0.84 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.58 | -0.66 | +0.08 |
Correlation
The correlation between EDZ and BERZ is 0.62, 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.
Dividends
EDZ vs. BERZ - Dividend Comparison
EDZ's dividend yield for the trailing twelve months is around 5.27%, while BERZ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EDZ Direxion Daily Emerging Markets Bear 3X Shares | 5.27% | 6.58% | 4.87% | 4.34% | 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% | 0.00% | 0.00% |
Drawdowns
EDZ vs. BERZ - Drawdown Comparison
The maximum EDZ drawdown since its inception was -99.99%, roughly equal to the maximum BERZ drawdown of -99.46%. Use the drawdown chart below to compare losses from any high point for EDZ and BERZ.
Loading graphics...
Drawdown Indicators
| EDZ | BERZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -99.46% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -79.29% | -89.01% | +9.72% |
Max Drawdown (5Y)Largest decline over 5 years | -87.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.73% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -99.28% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -97.71% | -70.50% | -27.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.30% | 78.74% | -18.44% |
Volatility
EDZ vs. BERZ - Volatility Comparison
Direxion Daily Emerging Markets Bear 3X Shares (EDZ) has a higher volatility of 31.12% compared to MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) at 29.36%. This indicates that EDZ's price experiences larger fluctuations and is considered to be riskier than BERZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EDZ | BERZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.12% | 29.36% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 44.41% | 61.12% | -16.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.73% | 94.14% | -33.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.63% | 92.55% | -36.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 92.55% | -32.09% |