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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EDZ or YANG.
Key characteristics
| EDZ | YANG | |
|---|---|---|
| YTD Return | -9.70% | -37.38% |
| 1Y Return | -24.15% | -27.60% |
| 3Y Return (Ann) | 7.16% | -16.19% |
| 5Y Return (Ann) | -23.73% | -27.53% |
| 10Y Return (Ann) | -25.17% | -35.06% |
| Sharpe Ratio | -0.53 | -0.33 |
| Daily Std Dev | 44.84% | 82.48% |
| Max Drawdown | -99.97% | -99.89% |
| Current Drawdown | -99.96% | -99.87% |
Correlation
The correlation between EDZ and YANG is 0.85, 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. YANG - Performance Comparison
In the year-to-date period, EDZ achieves a -9.70% return, which is significantly higher than YANG's -37.38% return. Over the past 10 years, EDZ has outperformed YANG with an annualized return of -25.17%, while YANG has yielded a comparatively lower -35.06% 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. YANG - Expense Ratio Comparison
EDZ has a 1.08% expense ratio, which is higher than YANG's 1.07% expense ratio.
Risk-Adjusted Performance
EDZ vs. YANG - 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 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.
Dividends
EDZ vs. YANG - Dividend Comparison
EDZ's dividend yield for the trailing twelve months is around 5.18%, more than YANG's 5.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EDZ Direxion Daily Emerging Markets Bear 3X Shares | 5.18% | 4.34% | 0.00% | 0.00% | 0.82% | 1.67% | 0.68% |
YANG Direxion Daily China 3x Bear Shares | 5.10% | 3.66% | 0.00% | 0.00% | 0.68% | 1.54% | 0.56% |
Drawdowns
EDZ vs. YANG - Drawdown Comparison
The maximum EDZ drawdown since its inception was -99.97%, roughly equal to the maximum YANG drawdown of -99.89%. Use the drawdown chart below to compare losses from any high point for EDZ and YANG. For additional features, visit the drawdowns tool.
Volatility
EDZ vs. YANG - Volatility Comparison
The current volatility for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) is 15.19%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 24.71%. This indicates that EDZ experiences smaller price fluctuations and is considered to be less risky than YANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.