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EDC vs TQQQ

Direxion Daily MSCI Emerging Markets Bull 3X Shares

EDCDNYSE Arca

ProShares UltraPro QQQ

TQQQANasdaq

Overlap

Expense ratio

TQQQ −0.31pt a year

EDC1.09%TQQQ0.78%

Avg volume · 30D

TQQQ 692.7×the volume

EDC83.1KTQQQ57.5M

10Y return · a year

TQQQ +37.3pt

EDC+0.6%TQQQ+37.9%

EDC vs TQQQ Performance

Oct 29, 2021 – Oct 30, 2026

−20.9%EDC+64.2%TQQQ

Oct 29, 2021 to Oct 30, 2026. EDC −20.9%. TQQQ +64.2%. Use the arrow keys to read each point.−50%100%Oct 2021Apr 2024Oct 2026
Expense ratio
EDC 1.09%
TQQQ 0.78%, better
Fund size
EDC $129M
TQQQ $32.1B
1Y total return
EDC +4.8%
TQQQ +7.1%, better
Yield (12M)
EDC 1.91%, better
TQQQ 0.78%
Holdings
EDC 10
TQQQ 116
Avg volume (30D)
EDC 83.1K sh
TQQQ 57.5M sh, better
NAV per share
EDC $62.19
TQQQ $61.97
52W range

ETF.net Grade

EDC: Cost 10, Risk 46, Mission not scored, Tradability 37, Holdings not scored, Durability 51. TQQQ: Cost 97, Risk 57, Mission 84, Tradability 97, Holdings not scored, Durability 79.
Pillar letters and Scores for EDC, TQQQ, with each pillar’s weight
PillarEDCTQQQ
Cost30% weightF10A97Higher
Mission25% weightNot scoredA84
Risk15% weightC46B57Higher
Tradability15% weightD37A97Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51A79Higher

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 TQQQ 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 ›

TQQQ ranks 1st 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 24DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFScore 32
  4. Rank 26DEDCDirexion Daily MSCI Emerging Markets Bull 3X SharesScore 27
  5. 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

TQQQAProShares UltraPro QQQ

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.

TQQQ The original 3x Nasdaq-100 trade, live since 2010. Leverage resets every day, chasing three times the index's one-day move, and it is one of the most heavily traded names in its corner of the market.

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.

TQQQ The fund seeks daily investment results, before fees and expenses, equal to three times the daily performance of the Nasdaq-100 Index.

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
  • TQQQ Costs 0.78% net of a waiver through September 30, 2027 (0.94% gross), below the median fee for 3x bull funds and below stablemate UDOW at 0.94% with no waiver.
  • A multi-billion-dollar fund and one of the busiest tickers in the leveraged space, which matters when a daily-reset position needs to be entered or exited quickly.
  • Delivers its stated 3x daily target with close day-to-day fidelity, one of the stronger implementations among 3x bull funds.proshares.com
  • Straightforward plumbing: it rebalances exposure to the Nasdaq-100 each day, raising it as the index rises and cutting it as the index falls.sec.gov

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.
  • TQQQ The prospectus is blunt: this seeks results for a single day only. Hold longer and compounding takes over, so multi-day results can land far from 3x the index move, especially in choppy tape.sec.gov
  • Triple exposure cuts both ways. A rough day for the Nasdaq-100 hits roughly three times as hard here, which is why this scores as one of the riskier structures on our books.
  • The fee break is contractual, not permanent. Should the waiver lapse after September 30, 2027, the cost reverts toward the 0.94% gross rate.

Full EDC profile⁠

Full TQQQ profile⁠

EDC vs TQQQ 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 TQQQ Cost

Overpaying EDC vs TQQQ

$5,131

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

  • EDC 1.09%

    $20,133

  • TQQQ 0.78%

    $15,002

$10,000
30 years

Cost over time

  • EDC 1.09%
  • TQQQ 0.78%
  • 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 $20,133TQQQ $15,002

Year by year

YearEDCTQQQOverpaying
10$1,915$1,388$527
20$7,166$5,268$1,898
30$20,133$15,002$5,131

Expense ratio

  • 1.09%EDC
  • 0.78%TQQQ, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

TQQQ 2nd cheapest of 30 funds

EDC 27th cheapest of 30 funds

EDC vs TQQQ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EDC 1.91%, better
TQQQ 0.78%
Payout (12M)
EDC $1.10
TQQQ $0.48
Last payment
EDC $0.22
TQQQ $0.16
Ex-dividend
EDC Sep 22, 2026
TQQQ Sep 23, 2026
Paid on
EDC Sep 29, 2026
TQQQ Sep 29, 2026
Frequency
EDC Quarterly
TQQQ Quarterly

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
TQQQQuarterly · 14 paymentsAll TQQQ payments⁠
One bar per payment. 14 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.0051; Mar 20, 2019 $0.0025; Dec 24, 2019 $0.0039; Dec 23, 2020 $0.000035; Dec 22, 2022 $0.05; Jun 26, 2024 $0.14; Dec 23, 2024 $0.14; Mar 26, 2025 $0.10; Jun 25, 2025 $0.11; Sep 24, 2025 $0.05; Dec 24, 2025 $0.09; Mar 25, 2026 $0.07; Jun 24, 2026 $0.17; Sep 23, 2026 $0.16. Use the arrow keys to read each point.$0$0.502017202020232026YTD

EDC vs TQQQ Risk

Fall from peak · 5 years

  • EDC
  • TQQQ
Oct 29, 2021 to Oct 30, 2026. Worst fall: TQQQ −81.7% · Dec 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EDC 49.5%, betterTQQQ 56.9%
Return per unit of riskSharpe ratio, 3 years
EDC 0.84TQQQ 0.98, better
Worst fallMax drawdown, 5 years
EDC −75.5%, betterTQQQ −81.7%
Market sensitivityBeta, 5 years
EDC 2.56TQQQ 3.71

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