EDZ vs. YANG
Compare and contrast key facts about Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and Direxion Daily China 3x Bear Shares (YANG).
EDZ and YANG 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. YANG is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (-300%). It was launched on Dec 3, 2009. Both EDZ and YANG 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. YANG - Performance Comparison
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EDZ vs. YANG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDZ Direxion Daily Emerging Markets Bear 3X Shares | -16.24% | -59.30% | -12.71% | -20.28% | 49.27% | -8.69% | -68.79% | -43.01% | 32.87% | -64.12% |
YANG Direxion Daily China 3x Bear Shares | 16.89% | -62.77% | -71.41% | 11.95% | -41.34% | 25.90% | -58.66% | -40.72% | 13.14% | -64.93% |
Returns By Period
In the year-to-date period, EDZ achieves a -16.24% return, which is significantly lower than YANG's 16.89% return. Over the past 10 years, EDZ has outperformed YANG with an annualized return of -32.46%, while YANG has yielded a comparatively lower -39.27% annualized 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%
YANG
- 1D
- -7.70%
- 1M
- 10.48%
- YTD
- 16.89%
- 6M
- 38.34%
- 1Y
- -23.59%
- 3Y*
- -44.06%
- 5Y*
- -33.90%
- 10Y*
- -39.27%
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EDZ vs. YANG - Expense Ratio Comparison
EDZ has a 1.08% expense ratio, which is higher than YANG's 1.07% expense ratio.
Return for Risk
EDZ vs. YANG — Risk / Return Rank
EDZ
YANG
EDZ vs. YANG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and Direxion Daily China 3x Bear Shares (YANG). 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 | YANG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.02 | -0.33 | -0.68 |
Sortino ratioReturn per unit of downside risk | -1.74 | -0.03 | -1.70 |
Omega ratioGain probability vs. loss probability | 0.79 | 1.00 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.35 | -0.42 |
Martin ratioReturn relative to average drawdown | -1.01 | -0.42 | -0.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDZ | YANG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.02 | -0.33 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | -0.36 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.54 | -0.48 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.58 | -0.49 | -0.08 |
Correlation
The correlation between EDZ and YANG is 0.84, 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.
Dividends
EDZ vs. YANG - Dividend Comparison
EDZ's dividend yield for the trailing twelve months is around 5.27%, more than YANG's 3.49% yield.
| 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% |
YANG Direxion Daily China 3x Bear Shares | 3.49% | 4.03% | 9.42% | 3.66% | 0.00% | 0.00% | 0.67% | 1.54% | 0.56% |
Drawdowns
EDZ vs. YANG - Drawdown Comparison
The maximum EDZ drawdown since its inception was -99.99%, roughly equal to the maximum YANG drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for EDZ and YANG.
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Drawdown Indicators
| EDZ | YANG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -99.98% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -79.29% | -68.02% | -11.27% |
Max Drawdown (5Y)Largest decline over 5 years | -87.98% | -97.38% | +9.40% |
Max Drawdown (10Y)Largest decline over 10 years | -98.73% | -99.60% | +0.87% |
Current DrawdownCurrent decline from peak | -99.99% | -99.97% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -97.71% | -90.42% | -7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.30% | 56.91% | +3.39% |
Volatility
EDZ vs. YANG - Volatility Comparison
Direxion Daily Emerging Markets Bear 3X Shares (EDZ) has a higher volatility of 31.12% compared to Direxion Daily China 3x Bear Shares (YANG) at 20.49%. This indicates that EDZ's price experiences larger fluctuations and is considered to be riskier than YANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDZ | YANG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.12% | 20.49% | +10.63% |
Volatility (6M)Calculated over the trailing 6-month period | 44.41% | 43.25% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.73% | 71.53% | -10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.63% | 94.41% | -38.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 82.23% | -21.77% |