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Direxion Daily Emerging Markets Bear 3x Shares

EDZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 17 2008
Expense Ratio
1.00%
Type
Global Ex. US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$2,800,854
AUM
$29,385,593
Associated Index
MSCI Emerging Markets Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
GOLDMAN FINL SQ TRSRY INS
-0.00%
n/a
DREYFUS GOVT CASH MGMT
-1.03%
n/a
DREYFUS GOVT CASH MGMT
-3.26%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-4.51%
n/a
GOLDMAN FINL SQ TRSRY INS
-6.52%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-18.86%
n/a
DREYFUS GOVT CASH MGMT
-19.36%
Invest with EDZ

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.

ETFs related toEDZ

ETFs correlated to EDZ include EUM, YANG, EFZ

EDZ
Direxion Shares ETF Trust - Direxion Daily MSCI Emerging Markets Bear -3x Shares
EUM
ProShares Trust - ProShares Short MSCI Emerging Markets -1x 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
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x 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.

Automated Strategies
Related toEDZ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

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.

The top holdings for EDZ include GOLDMAN FINL SQ TRSRY INS, DREYFUS GOVT CASH MGMT, and DREYFUS GOVT CASH MGMT.

EDZ has 10 total holdings.

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 -0.0268%. This is the percent change in the value of EDZ over the most recent 1-month period. The 3-month return on EDZ is -0.333%. 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 0.7094%. 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, EEV, and EJAN.

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

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

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 {characteristics.Identifier} will try to match the performance of MSCI Emerging Markets Index, but move 3x in the opposite direction.

Disclaimers

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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.