EDZ vs. SPY
Compare and contrast key facts about Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and SPDR S&P 500 ETF (SPY).
EDZ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EDZ and SPY 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 SPY.
Correlation
The correlation between EDZ and SPY is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EDZ vs. SPY - Performance Comparison
Loading data...
Key characteristics
EDZ:
-0.44
SPY:
0.64
EDZ:
-0.41
SPY:
1.16
EDZ:
0.95
SPY:
1.17
EDZ:
-0.29
SPY:
0.79
EDZ:
-1.32
SPY:
3.04
EDZ:
22.23%
SPY:
4.87%
EDZ:
58.60%
SPY:
20.29%
EDZ:
-99.70%
SPY:
-55.19%
EDZ:
-99.70%
SPY:
-3.38%
Returns By Period
In the year-to-date period, EDZ achieves a -30.26% return, which is significantly lower than SPY's 1.05% return. Over the past 10 years, EDZ has underperformed SPY with an annualized return of -25.55%, while SPY has yielded a comparatively higher 12.69% annualized return.
EDZ
-30.26%
-24.79%
-27.57%
-25.88%
-29.17%
-25.55%
SPY
1.05%
9.83%
0.15%
12.87%
17.33%
12.69%
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. SPY - Expense Ratio Comparison
EDZ has a 1.08% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EDZ vs. SPY — Risk-Adjusted Performance Rank
EDZ
SPY
EDZ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and SPDR S&P 500 ETF (SPY). 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.
Loading data...
Dividends
EDZ vs. SPY - Dividend Comparison
EDZ's dividend yield for the trailing twelve months is around 5.84%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDZ Direxion Daily Emerging Markets Bear 3X Shares | 5.84% | 4.87% | 4.33% | 0.00% | 0.00% | 0.82% | 1.67% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EDZ vs. SPY - Drawdown Comparison
The maximum EDZ drawdown since its inception was -99.70%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EDZ and SPY. For additional features, visit the drawdowns tool.
Loading data...
Volatility
EDZ vs. SPY - Volatility Comparison
Direxion Daily Emerging Markets Bear 3X Shares (EDZ) has a higher volatility of 14.06% compared to SPDR S&P 500 ETF (SPY) at 6.19%. This indicates that EDZ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...