Direxion Daily MSCI Emerging Markets Bear 3X ETF
FThis 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.
$15.15+0.25 (+1.68%)
- 1.47%
- $21M
- −64.1%
- 5.76%
- 0.3M sh
- $14.46
- low $13.02high $42.18
The ETF.net EDZ Grade
F
Score 22 out of 100
- 13 of 14
Score 22 of 100 falls in the F 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.F9 out of 100Rank 13 of 14Mission
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.C40 out of 100Rank 10 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D29 out of 100Rank 11 of 14Holdings
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.D36 out of 100Rank 12 of 14
Our read on EDZ
FOne ticker, one job: EDZ aims to deliver 300% of the inverse of the MSCI Emerging Markets Index's daily move. A 2008-vintage Direxion original whose math resets every session, so single-day moves are the whole story.
The fund seeks daily investment results, before fees and expenses, equal to 300% of the inverse performance of the MSCI Emerging Markets Index.
Why people hold it
- Bearish emerging-markets exposure in one trade: the fund targets -300% of the MSCI Emerging Markets Index's daily return, no margin account or basket of country shorts to assemble.
- Launched in December 2008, it has traded through a decade and a half of emerging-market cycles, unusual shelf life for a triple-leveraged product.
- The reference point is the MSCI Emerging Markets Index, the benchmark most EM funds are measured against, so the hedge lines up with what a broad EM sleeve actually holds.
- Moderately traded, which gives short-horizon users a working market rather than a ghost-town ticker.
Worth knowing
- Leverage resets daily. Hold longer than a day and results can drift well away from -3x the index's move over that stretch, with choppy markets doing the most damage.
- The 1.47% expense ratio sits above the typical leveraged-and-inverse fund, and it applies every day you hold, not just the days the trade works.
- Triple exposure cuts both ways: a strong up day in emerging markets lands here as a roughly triple-size loss. Assets are small by ETF standards.
EDZ Holdings
- Stocks
- 3
- 156%
- Eem Swap Asset Leg (Eemcts)
Sectors
- Financials28.4%
- Industrials19.0%
- Technology15.3%
- Consumer Discretionary7.3%
- Utilities6.6%
- Consumer Staples6.1%
- Health Care5.4%
- Materials3.7%
- Communication3.5%
- Energy3.4%
- Real Estate1.3%
EDZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
EDZ$3,586
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 | EDZ |
|---|---|
| Year to date | −56.6% |
| 1 month | +6.5% |
| 3 months | −1.3% |
| 1 year | −64.1% |
| 3 years | −50.3% |
| 5 years | −29.0% |
| 10 years | −34.4% |
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 | EDZ |
|---|---|---|
| 2026 YTD | −56.6% | |
| 2025 | −59.3% | |
| 2024 | −13.8% | |
| 2023 | −22.5% | |
| 2022 | +49.3% | |
| 2021 | −8.7% | |
| 2020 | −68.8% |
EDZ in the news
EDZ Dividends
- 5.76%
- $0.86
- $0.18 per share
- Quarterly
Distribution history
EDZ 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.
- 42.2%
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.
- −1.53
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.
- −93.2%
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.
- −2.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EDZ Cost
1.47%
EDZ1.47%
- The middle half of 3x Leveraged Inverse funds
- Median 1.05%
12 of the 14 3x Leveraged Inverse funds charge less.
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