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ETFs

Direxion Daily Emerging Markets Bear 3x Shares

EDZ
$—
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)
$1,934,188
AUM
$23,600,158
Associated Index
MSCI Emerging Markets Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
GOLDMAN FINL SQ TRSRY INST 506
-22.47%
—
DREYFUS GOVT CASH MAN INS
-28.37%
Invest with EDZ
Trade EDZ Options

What is EDZ?

The Direxion Daily MSCI Emerging Markets Bear 3X ETF seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the MSCI Emerging Markets Index.

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

EDZ
Performance Measures**

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

Returns

1M Trailing Return: 2.6%

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

3M Trailing Return: -22.2%

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

Measures of Risk or Volatility

Max Drawdown: -99.5%

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

Standard Deviation: 55.8%

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: -0.24

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: -0.25

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

ETFs related toEDZ

ETFs correlated to EDZ include YANG, EFZ, EPV

EDZ
Direxion Shares ETF Trust - Direxion Daily MSCI Emerging Markets Bear -3x Shares
YANG
Direxion Shares ETF Trust - Direxion Daily FTSE China Bear -3X Shares
EFZ
ProShares Trust - ProShares Short MSCI EAFE -1X Shares
EPV
ProShares Trust - ProShares UltraShort FTSE Europe -2X Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
SOXS
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares

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 toEDZ

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%

Modified Foreign Rat (why does this work?!)

Category

Tactical allocation, leveraged ETFs, volatility filter, trend + mean reversion, Nasdaq 100, emerging markets, hedged, bonds, daily rebalance

OOS Cumulative Return

329.16%

Create your own algorithmic trading strategy with EDZ using Composer

FAQ

EDZ is a Global Ex. US Equities ETF. The Direxion Daily MSCI Emerging Markets Bear 3X ETF seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the MSCI Emerging Markets Index.

EDZ tracks the MSCI Emerging Markets Index.

No, EDZ 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, EDZ 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 EDZ is 0.0554%. This is the percent change in the value of EDZ over the most recent 1-month period. The 3-month return on EDZ is 0.0967%. This is the percent change in the value of EDZ over the most recent 3-month period.

The standard deviation of EDZ for the past year is 0.5583%. 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 EDZ include EJUL, EUM, and EEV.

ETFs correlated to EDZ include YANG, EFZ, and EPV.

ETFs that are inversely correlated to EDZ include EEM, IEMG, and EDC.

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

Yes, EDZ is a Inverse (-3x) leveraged ETF: This means that EDZ will try to match the performance of MSCI Emerging Markets Index, but move 3x in the opposite direction.

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.