EDZ vs. TQQQ
Compare and contrast key facts about Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and ProShares UltraPro QQQ (TQQQ).
EDZ and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both EDZ and TQQQ 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 TQQQ.
Performance
EDZ vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, EDZ achieves a -17.10% return, which is significantly lower than TQQQ's 55.99% return. Over the past 10 years, EDZ has underperformed TQQQ with an annualized return of -24.79%, while TQQQ has yielded a comparatively higher 34.40% annualized return.
EDZ
-17.10%
15.23%
-2.90%
-25.40%
-25.48%
-24.79%
TQQQ
55.99%
9.00%
20.58%
78.91%
34.31%
34.40%
Key characteristics
| EDZ | TQQQ | |
|---|---|---|
| Sharpe Ratio | -0.54 | 1.52 |
| Sortino Ratio | -0.55 | 1.98 |
| Omega Ratio | 0.94 | 1.27 |
| Calmar Ratio | -0.25 | 1.54 |
| Martin Ratio | -0.95 | 6.32 |
| Ulcer Index | 26.87% | 12.49% |
| Daily Std Dev | 46.97% | 51.79% |
| Max Drawdown | -99.97% | -81.66% |
| Current Drawdown | -99.96% | -8.72% |
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EDZ vs. TQQQ - Expense Ratio Comparison
EDZ has a 1.08% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Correlation
The correlation between EDZ and TQQQ is -0.67. 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.
Risk-Adjusted Performance
EDZ vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
EDZ's dividend yield for the trailing twelve months is around 5.57%, more than TQQQ's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EDZ Direxion Daily Emerging Markets Bear 3X Shares | 5.57% | 4.33% | 0.00% | 0.00% | 0.82% | 1.67% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.22% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
EDZ vs. TQQQ - Drawdown Comparison
The maximum EDZ drawdown since its inception was -99.97%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for EDZ and TQQQ. For additional features, visit the drawdowns tool.
Volatility
EDZ vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) is 14.68%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.13%. This indicates that EDZ experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.