Direxion Daily MSCI Emerging Markets Bull 3X Shares
DThis 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.
$72.58−1.29 (−1.75%)
- 1.12%
- $159M
- +60.9%
- 1.49%
- 0.1M sh
- $76.18
- low $46.64high $103.88
The ETF.net EDC Grade
D
Score 33 out of 100
- 23 of 31
Score 33 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.F18 out of 100Rank 25 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 10 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D33 out of 100Rank 23 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 14 of 31
Our read on EDC
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.
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
- Aims 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
- Leverage pointed offshore. The best-known 3x names amplify US sectors or the Dow (FAS, UDOW, QLD); this one rides a broad emerging-markets benchmark.
- Trading 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
- The 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.
- At 1.12%, the expense ratio runs above the typical leveraged bull fund, where big US-index peers like FAS and QLD sit under 1%.
- Moderately traded rather than a headline leveraged ticker, so spreads and order size are worth checking before you hit the button.
EDC Holdings
- Stocks
- 10
- 100%
- Eem Swap Asset Leg (Eemmll)
Sectors
- Technology44.2%
- Financials19.2%
- Consumer Discretionary7.5%
- Industrials6.0%
- Communication5.9%
- Materials5.7%
- Energy3.5%
- Health Care2.8%
- Consumer Staples2.4%
- Utilities1.8%
- Real Estate0.9%
Geography
- United States100.00%
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$16,089
Returns run to the Oct 12, 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.
| Period | EDC |
|---|---|
| Year to date | +37.3% |
| 1 month | −9.3% |
| 3 months | −10.0% |
| 1 year | +60.9% |
| 3 years | +46.7% |
| 5 years | +0.8% |
| 10 years | +3.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EDC |
|---|---|---|
| 2026 YTD | +37.3% | |
| 2025 | +94.5% | |
| 2024 | −2.0% | |
| 2023 | +7.4% | |
| 2022 | −60.2% | |
| 2021 | −20.8% | |
| 2020 | +6.1% |
EDC in the news
EDC Dividends
- 1.49%
- $1.10
- $0.22 per share
- Quarterly
Distribution history
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.
- 47.3%
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.
- 0.98
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.
- −76.3%
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.
- 2.56
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
1.12%
EDC1.12%
- The middle half of 3x Leveraged Long funds
- Median 0.98%
23 of the 30 3x Leveraged Long funds charge less.
Other funds in 3x Leveraged Long
- DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFExpense ratio 1.01%1 year return +105.4%
- DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFExpense ratio 1.08%1 year return −20.7%
- DWANTDirexion Daily Consumer Discretionary Bull 3X ETFExpense ratio 1.03%1 year return −21.8%
- DKORUDirexion Daily MSCI South Korea Bull 3X ETFExpense ratio 1.32%1 year return +197.0%
- DTPORDirexion Daily Transportation Bull 3X ETFExpense ratio 1.12%1 year return +27.8%