Skip to Content
ETFs

Direxion Daily Emerging Markets Bull 3X Shares, Shares of beneficial interest, no par value

EDC
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 17, 2008
Expense Ratio
0.95%
Type
Global Ex. US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$1,742,348
AUM
$73,727,170
Associated Index
MSCI Emerging Markets Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
GOLDMAN FINL SQ TRSRY INST 506
13.47%
—
DREYFUS GOVT CASH MAN INS
13.22%
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
1.02%
—
MS TRSY INSTL
0%
Invest with EDC
Trade EDC Options

What is EDC?

The Direxion Daily MSCI Emerging Markets Bull 3X ETF seeks daily investment results before fees and expenses of 300% of the price performance of the MSCI Emerging Markets Index.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

EDC
Performance Measures**

for the time period Dec 17, 2008 to Dec 4, 2025

Returns

1M Trailing Return: -2.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 23.7%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -92.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 67.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.32

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.02

The annualized return divided by the max drawdown for the selected time period.

ETFs related toEDC

ETFs correlated to EDC include EEM, IEMG, ESGE

EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
ESGE
iShares Trust - iShare Inc iShares ESG Aware MSCI EM ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
SPEM
SSgA Active Trust - SPDR Portfolio Emerging Markets ETF
XSOE
WisdomTree Trust - WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
SCHE
Schwab Strategic Trust - Schwab Emerging Markets Equity ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toEDC

Wooden ARKK Machine 2.2a

Category

Tactical, mean-reversion, momentum filter, leveraged/inverse ETFs, single-position, daily, risk-managed, multi-asset

OOS Cumulative Return

584.43%

Modified Foreign Rat

Category

Tactical asset allocation, volatility regime, leveraged ETFs, mean reversion, trend following, emerging markets, hedged/cash, daily rebalance

OOS Cumulative Return

565.11%

Create your own algorithmic trading strategy with EDC using Composer

FAQ

EDC is a Global Ex. US Equities ETF. The Direxion Daily MSCI Emerging Markets Bull 3X ETF seeks daily investment results before fees and expenses of 300% of the price performance of the MSCI Emerging Markets Index.

EDC tracks the MSCI Emerging Markets Index.

No, EDC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, EDC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EDC is -0.0606%. This is the percent change in the value of EDC over the most recent 1-month period. The 3-month return on EDC is -0.1204%. This is the percent change in the value of EDC over the most recent 3-month period.

The standard deviation of EDC for the past year is 0.5551%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to EDC include EJUL, EUM, and EEV.

ETFs correlated to EDC include EEM, IEMG, and ESGE.

ETFs that are inversely correlated to EDC include EDZ, YANG, and EFZ.

Yes, EDC is a Leveraged (3x) ETF: This means that EDC will try to match the performance of MSCI Emerging Markets Index, but with 3x the returns.

No, EDC is not an inverse ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.