EDZ vs. EDC
Compare and contrast key facts about Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and Direxion Daily Emerging Markets Bull 3X Shares (EDC).
EDZ and EDC 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. EDC 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. Both EDZ and EDC 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 EDC.
Key characteristics
| EDZ | EDC | |
|---|---|---|
| YTD Return | -18.72% | 6.88% |
| 1Y Return | -33.19% | 28.05% |
| 3Y Return (Ann) | 3.18% | -26.96% |
| 5Y Return (Ann) | -25.91% | -14.19% |
| 10Y Return (Ann) | -25.21% | -10.43% |
| Sharpe Ratio | -0.69 | 0.58 |
| Sortino Ratio | -0.83 | 1.11 |
| Omega Ratio | 0.90 | 1.14 |
| Calmar Ratio | -0.33 | 0.31 |
| Martin Ratio | -1.25 | 2.85 |
| Ulcer Index | 26.47% | 9.84% |
| Daily Std Dev | 47.80% | 47.89% |
| Max Drawdown | -99.97% | -92.54% |
| Current Drawdown | -99.96% | -88.10% |
Correlation
The correlation between EDZ and EDC is -1.00. 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. EDC - Performance Comparison
In the year-to-date period, EDZ achieves a -18.72% return, which is significantly lower than EDC's 6.88% return. Over the past 10 years, EDZ has underperformed EDC with an annualized return of -25.21%, while EDC has yielded a comparatively higher -10.43% 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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EDZ vs. EDC - Expense Ratio Comparison
EDZ has a 1.08% expense ratio, which is lower than EDC's 1.33% expense ratio.
Risk-Adjusted Performance
EDZ vs. EDC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and Direxion Daily Emerging Markets Bull 3X Shares (EDC). 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. EDC - Dividend Comparison
EDZ's dividend yield for the trailing twelve months is around 5.69%, more than EDC's 3.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
EDZ Direxion Daily Emerging Markets Bear 3X Shares | 5.69% | 4.33% | 0.00% | 0.00% | 0.82% | 1.67% | 0.68% | 0.00% |
EDC Direxion Daily Emerging Markets Bull 3X Shares | 3.65% | 3.54% | 0.00% | 0.18% | 0.44% | 0.97% | 0.78% | 0.25% |
Drawdowns
EDZ vs. EDC - Drawdown Comparison
The maximum EDZ drawdown since its inception was -99.97%, which is greater than EDC's maximum drawdown of -92.54%. Use the drawdown chart below to compare losses from any high point for EDZ and EDC. For additional features, visit the drawdowns tool.
Volatility
EDZ vs. EDC - Volatility Comparison
Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and Direxion Daily Emerging Markets Bull 3X Shares (EDC) have volatilities of 16.17% and 15.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.