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EDC

GradeDNew York Stock Exchange Arca

Direxion Daily MSCI Emerging Markets Bull 3X Shares

Leveraged · Leveraged & Inverse · Direxion · Inception 2008-12-17 · SEC filings

This 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.

$80.41−4.85 (−5.69%)

As of Sep 23, 2026, 3:09 PM EDT

Intraday session: down, 66 prints from 85.26 to 80.41. Range 79.62 to 82.86. Use the arrow keys to read each point.$80.00$81.00$82.00$83.0010 AM12 PM2 PM4 PM
Expense ratio
1.12%
Fund size
$178M
1Y return
+70.3%
Yield · Last 12 months
1.26%
Holdings
9
Volume · 30D
0.1M sh
NAV per share
$77.88
52W range
low $46.11high $103.88

The ETF.net EDC Grade

D

37/ 100

Rank 23 of 31 in 3x Leveraged Long⁠

Confidence Medium

Six-pillar profile for EDC. Scores out of 100: Cost 18, Risk 58, Mission not scored, Tradability 49, Holdings not scored, Durability 53. Strongest: Risk (58). Weakest: Cost (18). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 37 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 18
    Category rank25/31 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 58
    Category rank12/30 · top 40%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 49
    Category rank17/31 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 53
    Category rank14/31 · top 45%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on EDC

ETF.net Research

DThree times the daily move of the MSCI Emerging Markets Index, in one ticker. Direxion launched it in December 2008, so this is a long-running leverage tool aimed offshore instead of at the usual US tech and sector trades.

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

  1. 01Aims for 300% of the MSCI Emerging Markets Index's one-day return in a single ticker, with no margin account or swap desk required.direxion.com
  2. 02Leverage pointed offshore. The best-known 3x names amplify US sectors or the Dow (FAS, UDOW, QLD); this one rides a broad emerging-markets benchmark.
  3. 03Trading since December 2008, which makes it one of the older daily-reset funds around rather than a product of the latest leverage boom.

Worth knowing

  1. 01The clock resets every day. Hold longer than that and compounding takes over, so multi-day results can drift far from 3x the index move, especially in choppy markets.
  2. 02At 1.12%, the expense ratio runs above the typical leveraged bull fund, where big US-index peers like FAS and QLD sit under 1%.
  3. 03Moderately traded rather than a headline leveraged ticker, so spreads and order size are worth checking before you hit the button.

EDC Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Stocks
Holdings
9
Top-10 weight
100%
Largest holding
EEM SWAP ASSET LEG (EEMCTL)20.0%

Sectors

  • Technology41.9%
  • Financials19.3%
  • Consumer Discr.8.2%
  • Materials6.3%
  • Industrials6.3%
  • Communication6.2%
  • Energy3.5%
  • Health Care2.9%
  • Cons. Staples2.6%
  • Utilities1.8%
  • Real Estate1.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EEM SWAP ASSET LEG (EEMCTL)20.00%2,162,441$149M1
002—EEM SWAP ASSET LEG (EEMMLL)15.72%1,700,000$117M1
003—EEM SWAP ASSET LEG (EEMBCL)13.87%1,500,000$103M1
004—EEM SWAP ASSET LEG (EEMJPL)10.58%1,144,135$79M1
005—DREYFUS GOVT CASH MAN INS10.42%77,587,809$78M108
006—GOLDMAN FINL SQ TRSRY INST 5069.16%68,177,834$68M100
007—EEM SWAP ASSET LEG (EEMUBL)9.09%983,252$68M1
008—EEM SWAP ASSET LEG (EEMBPL)6.47%700,000$48M1
009—GOLDMAN SACHS FIN GOV 465 INSTITUT2.70%20,080,010$20M75
010EEMISHARES MSCI EMERGING MARKET1.99%215,019$15M6

Showing 1–10 of 10 holdings

EDC Performance

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

EDC$17,030
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EDC $17,030. SPY $11,723. Use the arrow keys to read each point.$8,670$14,911$21,151Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+58.1%
1 month+6.9%
3 months−16.1%
1 year+70.3%
3 years+51.5%per year
5 years+2.9%per year
10 years+3.7%per year

As of the close, 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+58.1%
2025+94.5%
2024−2.0%
2023+7.4%
2022−60.2%
2021−20.8%
2020+6.1%

EDC in the news

ETF.net Research hasn’t filed on EDC yet — coverage lands here as it’s written.

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 Sep 22, 2026.
1.26%Last 12 months
Payout per share
$1.07Last 12 months
Last payment
$0.40 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. 25 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. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
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
Sep 19, 2023Sep 26, 2023$0.30

EDC Risk

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.
47.9%
Annualised · 36 months to Aug 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.
0.91
vs 3-month T-bills · to Aug 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.
−76.3%
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.

EDC Cost

Expense ratio1.12%
  • The middle half of 3x Leveraged Long funds
  • Median 0.98%

23 of the 30 3x Leveraged Long funds charge less.

EDC costs $112.00 a year on $10,000. The median 3x Leveraged Long fund costs $98.50.