PCEMX vs. EURL
Compare and contrast key facts about PACE International Emerging Markets Equity Investments (PCEMX) and Direxion Daily FTSE Europe Bull 3x Shares (EURL).
PCEMX is managed by UBS. It was launched on Aug 23, 1995. EURL is a passively managed fund by Direxion that tracks the performance of the FTSE Developed Europe Index (300%). It was launched on Jan 22, 2014.
Performance
PCEMX vs. EURL - Performance Comparison
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PCEMX vs. EURL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCEMX PACE International Emerging Markets Equity Investments | 0.24% | 36.75% | 4.15% | 10.33% | -18.97% | -1.79% | 20.13% | 19.01% | -16.42% | 34.14% |
EURL Direxion Daily FTSE Europe Bull 3x Shares | -7.92% | 105.85% | -11.42% | 44.19% | -54.41% | 46.59% | -23.19% | 72.61% | -46.39% | 91.32% |
Returns By Period
In the year-to-date period, PCEMX achieves a 0.24% return, which is significantly higher than EURL's -7.92% return. Both investments have delivered pretty close results over the past 10 years, with PCEMX having a 7.49% annualized return and EURL not far ahead at 7.52%.
PCEMX
- 1D
- -0.99%
- 1M
- -14.42%
- YTD
- 0.24%
- 6M
- 4.50%
- 1Y
- 32.08%
- 3Y*
- 14.19%
- 5Y*
- 3.97%
- 10Y*
- 7.49%
EURL
- 1D
- 8.71%
- 1M
- -25.55%
- YTD
- -7.92%
- 6M
- 4.42%
- 1Y
- 44.29%
- 3Y*
- 24.06%
- 5Y*
- 6.41%
- 10Y*
- 7.52%
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PCEMX vs. EURL - Expense Ratio Comparison
PCEMX has a 1.20% expense ratio, which is higher than EURL's 1.07% expense ratio.
Return for Risk
PCEMX vs. EURL — Risk / Return Rank
PCEMX
EURL
PCEMX vs. EURL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE International Emerging Markets Equity Investments (PCEMX) and Direxion Daily FTSE Europe Bull 3x Shares (EURL). 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.
| PCEMX | EURL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 0.85 | +0.97 |
Sortino ratioReturn per unit of downside risk | 2.31 | 1.41 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.19 | +1.15 |
Martin ratioReturn relative to average drawdown | 8.95 | 4.25 | +4.70 |
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
| PCEMX | EURL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 0.85 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.12 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.14 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.01 | +0.22 |
Correlation
The correlation between PCEMX and EURL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PCEMX vs. EURL - Dividend Comparison
PCEMX's dividend yield for the trailing twelve months is around 4.89%, more than EURL's 1.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCEMX PACE International Emerging Markets Equity Investments | 4.89% | 4.91% | 1.22% | 1.44% | 2.52% | 11.70% | 1.10% | 1.04% | 1.84% | 1.16% | 1.09% | 1.09% |
EURL Direxion Daily FTSE Europe Bull 3x Shares | 1.70% | 1.50% | 3.51% | 2.50% | 1.80% | 0.33% | 0.41% | 1.17% | 3.07% | 0.38% | 0.00% | 0.00% |
Drawdowns
PCEMX vs. EURL - Drawdown Comparison
The maximum PCEMX drawdown since its inception was -65.32%, smaller than the maximum EURL drawdown of -84.65%. Use the drawdown chart below to compare losses from any high point for PCEMX and EURL.
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Drawdown Indicators
| PCEMX | EURL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.32% | -84.65% | +19.33% |
Max Drawdown (1Y)Largest decline over 1 year | -14.42% | -33.05% | +18.63% |
Max Drawdown (5Y)Largest decline over 5 years | -36.66% | -75.24% | +38.58% |
Max Drawdown (10Y)Largest decline over 10 years | -39.17% | -84.65% | +45.48% |
Current DrawdownCurrent decline from peak | -14.42% | -26.13% | +11.71% |
Average DrawdownAverage peak-to-trough decline | -20.98% | -37.31% | +16.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 9.27% | -5.45% |
Volatility
PCEMX vs. EURL - Volatility Comparison
The current volatility for PACE International Emerging Markets Equity Investments (PCEMX) is 8.92%, while Direxion Daily FTSE Europe Bull 3x Shares (EURL) has a volatility of 22.57%. This indicates that PCEMX experiences smaller price fluctuations and is considered to be less risky than EURL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCEMX | EURL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 22.57% | -13.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 32.59% | -19.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.15% | 52.28% | -34.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 52.65% | -35.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 55.51% | -38.22% |