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EDC vs SOXL

Direxion Daily MSCI Emerging Markets Bull 3X Shares

EDCDNYSE Arca

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

Overlap

Expense ratio

SOXL −0.34pt a year

EDC1.09%SOXL0.75%

Avg volume · 30D

SOXL 850.8×the volume

EDC83.1KSOXL70.7M

10Y return · a year

SOXL +38.8pt

EDC+0.6%SOXL+39.4%

EDC vs SOXL Performance

Oct 29, 2021 – Oct 30, 2026

−20.9%EDC+66.7%SOXL

Oct 29, 2021 to Oct 30, 2026. EDC −20.9%. SOXL +66.7%. Use the arrow keys to read each point.−100%200%300%400%500%Oct 2021Apr 2024Oct 2026
Expense ratio
EDC 1.09%
SOXL 0.75%, better
Fund size
EDC $129M
SOXL $24.3B
1Y total return
EDC +4.8%
SOXL +61.4%, better
Yield (12M)
EDC 1.91%, better
SOXL 0.12%
Holdings
EDC 10
SOXL 43
Avg volume (30D)
EDC 83.1K sh
SOXL 70.7M sh, better
NAV per share
EDC $62.19
SOXL $102.45
52W range

ETF.net Grade

EDC: Cost 10, Risk 46, Mission not scored, Tradability 37, Holdings not scored, Durability 51. SOXL: Cost 100, Risk 32, Mission not scored, Tradability 79, Holdings not scored, Durability 69.
Pillar letters and Scores for EDC, SOXL, with each pillar’s weight
PillarEDCSOXL
Cost30% weightF10A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightC46HigherD32
Tradability15% weightD37A79Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51B69Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EDC and SOXL are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

SOXL ranks 4th and EDC 26th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 4ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 76
  5. Rank 5ATMFDirexion Daily 20+ Year Treasury Bull 3X ETFScore 74
  6. Rank 24DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFScore 32
  7. Rank 26DEDCDirexion Daily MSCI Emerging Markets Bull 3X SharesScore 27
  8. Rank 26DWANTDirexion Daily Consumer Discretionary Bull 3X ETFScore 27

Our read on each fund

ETF.net Research

EDCDDirexion Daily MSCI Emerging Markets Bull 3X Shares

SOXLADirexion Daily Semiconductor Bull 3X ETF

In short

EDC The 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.

SOXL A 3x bet on chip stocks that resets every single day. Direxion launched it in 2010, long before AI made semiconductors the market's main event, and it is now one of the most heavily traded leveraged funds out there.

Stated mandate

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

SOXL It is designed to deliver a daily result three times the performance of the NYSE Semiconductor Index, before fees and expenses, with the objective applying for a single day.

Why people hold it

  • EDC 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
  • SOXL Cheap for the aisle it sits in: 0.75% net of a waiver through September 1, 2027 (0.91% gross), below the category median and under TQQQ's 0.78% net of a waiver through September 30, 2027.
  • The mandate is mechanical: 300% of the NYSE Semiconductor Index's daily move, before fees and expenses, across roughly 40 chip names. No stock picking, no manager discretion.direxion.com
  • A multi-billion-dollar fund that trades very actively, which matters for an instrument designed to be entered and exited inside a single session.
  • Trading since 2010, through several full chip cycles. That is a long run for a 3x product, and one of the stronger setups in its leveraged peer group.

Worth knowing

  • EDC 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.
  • SOXL The 3x target applies to one day only. Daily reset plus compounding means multi-day results can diverge sharply from 3x the index, and choppy markets erode value.direxion.com
  • Semiconductors already swing hard. Tripling the daily move magnifies down days exactly as much as up days, so losses can pile up fast.
  • Roughly 40 stocks in a single US industry. No diversification cushion here, and the index itself has been renamed once (to the NYSE Semiconductor Index in 2023).sec.gov

Full EDC profile⁠

Full SOXL profile⁠

EDC vs SOXL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EDC vs SOXL Cost

Overpaying EDC vs SOXL

$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%

    $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

Expense ratio

  • 1.09%EDC
  • 0.75%SOXL, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

SOXL cheapest of 30 funds

EDC 27th cheapest of 30 funds

EDC vs SOXL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EDC 1.91%, better
SOXL 0.12%
Payout (12M)
EDC $1.10
SOXL $0.09
Last payment
EDC $0.22
SOXL $0.09
Ex-dividend
EDC Sep 22, 2026
SOXL Sep 22, 2026
Paid on
EDC Sep 29, 2026
SOXL Sep 29, 2026
Frequency
EDC Quarterly
SOXL Annual

Distribution history

Per share, 2017 to 2026, same scale for both

EDCQuarterly · 26 paymentsAll EDC payments⁠
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.$0$0.502017202020232026YTD
SOXLAnnual · 29 paymentsAll SOXL payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.0081; Jun 19, 2018 $0.02; Sep 25, 2018 $0.03; Dec 27, 2018 $0.02; Mar 19, 2019 $0.02; Jun 25, 2019 $0.01; Sep 24, 2019 $0.02; Dec 23, 2019 $0.02; Mar 24, 2020 $0.0053; Jun 23, 2020 $0.0063; Dec 22, 2020 $0.0034; Mar 23, 2021 $0.02; Dec 21, 2021 $0.01; Mar 22, 2022 $0.0072; Jun 22, 2022 $0.02; Sep 20, 2022 $0.04; Dec 20, 2022 $0.04; Mar 21, 2023 $0.03; Jun 21, 2023 $0.04; Sep 19, 2023 $0.03; Dec 21, 2023 $0.06; Mar 19, 2024 $0.04; Jun 25, 2024 $0.15; Sep 24, 2024 $0.06; Dec 23, 2024 $0.08; Mar 25, 2025 $0.06; Jun 24, 2025 $0.07; Sep 23, 2025 $0.01; Sep 22, 2026 $0.09. Use the arrow keys to read each point.$0$0.502017202020232026YTD

EDC vs SOXL Risk

Fall from peak · 5 years

  • EDC
  • SOXL
Oct 29, 2021 to Oct 30, 2026. Worst fall: SOXL −90.5% · Oct 2022. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EDC 49.5%, betterSOXL 137.2%
Return per unit of riskSharpe ratio, 3 years
EDC 0.84SOXL 0.90, better
Worst fallMax drawdown, 5 years
EDC −75.5%, betterSOXL −90.5%
Market sensitivityBeta, 5 years
EDC 2.56SOXL 7.64

Popular comparisons

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