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Launched · SEC filings

Direxion Daily MSCI Emerging Markets Bull 3X Shares

EDCNYSE ArcaDirexionDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$57.23−0.09 (−0.15%)

As of Nov 2, 2026, 3:59 PM ET

D27/ 100

Rank 26 of 31 in 3x Leveraged Long

D27/100Rank 26 of 31in3x Leveraged Long
Intraday session: down, 79 prints from 57.32 to 57.23. Range 57.23 to 60.70. Use the arrow keys to read each point.58.0058.5059.0059.5060.0060.5010 AM12 PM2 PM4 PM
Expense ratio
1.09%*
Fund size
$129M
1Y total return
+4.8%
Yield · Last 12 months
1.91%
Holdings
10
Avg volume · 30D
83.1K sh
52W range
low $32.13high $103.88
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 1.12%.

The ETF.net EDC Grade

Based on 4 of 6 pillars

D

Score 27 out of 100

Category
3x Leveraged Long⁠
Rank
26 of 31
Six-pillar profile for EDC. Scores out of 100: Cost 10, Risk 46, Mission not scored, Tradability 37, Holdings not scored, Durability 51. Strongest: Durability (51). Weakest: Cost (10). Based on 4 of 6 pillars.

Score 27 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F10 out of 100
    Rank 28 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 17 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 22 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C51 out of 100
    Rank 15 of 31

Our read on EDC

ETF.net Research

In short

DThe 3x aisle is mostly a bet on US indexes. EDC points the same daily leverage at the MSCI Emerging Markets Index, and has been doing it since 2008, through every emerging-market boom and bust since.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the MSCI Emerging Markets Index.

Why people hold it

  • Rare mandate: 3x daily exposure to broad emerging markets in one ticker, while the category's headline names (TQQQ, UDOW, FAS) all aim at US indexes.
  • Trading since December 2008, with a mirror-image bear fund (EDZ) on the same index for traders who want the other side of the move.direxion.com
  • Mechanics are spelled out: at least 80% of net assets in swaps and other instruments tied to the index, reset daily, with distributions paid quarterly.direxion.com

Worth knowing

  • The 3x target applies to a single day. Held longer, compounding takes over, and a choppy index can leave the fund far from 3x the period's move.direxion.com
  • 1.09% net of a waiver through September 1, 2027 (1.12% gross) sits above the category median; US-focused SOXL charges 0.75% net of a waiver to the same date.
  • Smaller and less heavily traded than the category's US-index giants, and its underlying markets are shut during much of the US session, so spreads and overnight gaps matter.

EDC Performance

Launched Dec 17, 2008

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EDC$10,484
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. EDC $10,484. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000$17,500Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EDC. Periods over one year show the average yearly return.
PeriodEDC
Year to date+6.5%
1 month−25.2%
3 months−18.4%
1 year+4.8%
3 yearsper year+40.2%
5 yearsper year−4.6%
10 yearsper year+0.6%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EDC
YearReturn barEDC
2026 YTD+6.5%
2025+94.5%
2024−2.0%
2023+7.4%

EDC in the news

EDC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.91%Last 12 months
Payout per share
$1.10Last 12 months
Last payment
$0.22 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.32; Mar 20, 2018 $0.47; Dec 27, 2018 $0.02; Mar 19, 2019 $0.52; Jun 25, 2019 $0.29; Sep 24, 2019 $0.04; Dec 23, 2019 $0.01; Mar 24, 2020 $0.39; Jun 23, 2020 $0.02; Mar 23, 2021 $0.08; Jun 22, 2021 $0.05; Mar 21, 2023 $0.34; Jun 21, 2023 $0.30; Sep 19, 2023 $0.30; Dec 21, 2023 $0.14; Mar 19, 2024 $0.47; Jun 25, 2024 $0.29; Sep 24, 2024 $0.25; Dec 23, 2024 $0.13; Mar 25, 2025 $0.44; Jun 24, 2025 $0.25; Sep 23, 2025 $0.20; Dec 23, 2025 $0.10; Mar 24, 2026 $0.38; Jun 23, 2026 $0.40; Sep 22, 2026 $0.22. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.22
Jun 23, 2026Jun 30, 2026$0.40
Mar 24, 2026Mar 31, 2026$0.38
Dec 23, 2025Dec 31, 2025$0.10
Sep 23, 2025Sep 30, 2025$0.20
Jun 24, 2025Jul 1, 2025$0.25
Mar 25, 2025Apr 1, 2025$0.44
Dec 23, 2024Dec 31, 2024$0.13
Sep 24, 2024Oct 1, 2024$0.25
Jun 25, 2024Jul 2, 2024$0.29
Mar 19, 2024Mar 26, 2024$0.47
Dec 21, 2023Dec 29, 2023$0.14

See all 37 payments⁠

$10,000 in EDC 10 years ago paid $1,132 in dividends.⁠

EDC Risk

Risk pillarC46 out of 100Rank 17 of 30 in 3x Leveraged Long

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
49.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.84
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−75.5%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.56
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

EDC Cost

Compare EDC and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$5,651

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EDC 1.09%

    $20,133

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • EDC 1.09%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530EDC $20,133SOXL $14,482

Year by year

YearEDCSOXLOverpaying
10$1,915$1,336$579
20$7,166$5,078$2,088
30$20,133$14,482$5,651
How the 1.09% is worked out

Full fee 1.12%− waiver 0.03%= you pay 1.09%

The waiver ends Sep 1, 2027. After that the fee is 1.12% unless Direxion renews it. Source: prospectus, Mar 2026.

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