Data as of .
EDC vs EUM: which held to its multiple?
Over three months against its own daily promise, EDC finished 2.5 points short and EUM 1.4 points over.
ETFIQ Decay Resistance Score: EDC scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| EDC | EUM | EDC | EUM | EDC | EUM | |
| 1 month | +4.6% | −1.8% | +6.2% | −2.1% | −1.6 pts | +0.3 pts |
| 3 months | −6.9% | −1.0% | +1.3% | −0.4% | −8.2 pts | −0.5 pts |
| 6 months | +42.8% | −18.2% | +60.1% | −20.0% | −17.3 pts | +1.9 pts |
| 1 year | +71.6% | −24.5% | +96.8% | −32.3% | −25.3 pts | +7.8 pts |
| 3 years | +215.9% | −41.4% | +259.6% | −86.5% | −43.7 pts | +45.1 pts |
| Since launch | −59.7% | −75.7% | not meaningful | not meaningful | not meaningful | not meaningful |
| EDC Direxion Daily MSCI Emerging Markets Bull 3X ETF Aims to return three times the daily move of emerging markets (EEM) | EUM ProShares Short MSCI Emerging Markets Aims to return 1 times the opposite of the daily move of emerging markets (EEM) | |
|---|---|---|
| Issuer | Direxion | ProShares |
| Sets out to return | +3x | -1x |
| On | EEM | EEM |
| Segment | country | country |
| Fund returned, 3 months | −6.9% | −1.0% |
| Underlying returned, 3 months | +0.4% | +0.4% |
| What the stated multiple implies, 3 months | +1.3% | −0.4% |
| Difference from stated, 3 months | −8.2 pts | −0.5 pts |
| Fund returned, 1 year or since launch | +71.6% | −24.5% |
| Difference from stated, over that window | −25.3 pts | +7.8 pts |
| Underlying volatility | 28% | 28% |
| Expense ratio | 1.09% | not published |
| Launched | Jan 4, 2010 | Jan 4, 2010 |
EDC in plain words
Three months to Sep 11, 2026: EDC returned −6.9% where its own daily promise gave −4.4%, 2.5 points short. Read the multiple against the whole window instead and +3 times EEM's 0.4% implies +1.3%, which makes EDC look 8.2 points short. 5.7 of that is daily compounding, which happens to any +3 times fund over the same path, and the rest is the fund. EDC aims to return +3 times EEM's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. EEM moved at 28% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
EUM in plain words
Three months to Sep 11, 2026: EUM returned −1.0% where its own daily promise gave −2.3%, 1.4 points over. Read the multiple against the whole window instead and −1 times EEM's 0.4% implies −0.4%, which makes EUM look 0.5 points short. 1.9 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. EUM aims to return -1 times EEM's move each day, then resets. Over longer, the daily results compound, so the total is not -1 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, EDC or EUM?
- Over the window to Sep 11, 2026, EDC finished 8.2 points from what its multiple implies and EUM finished 0.5 points from its own, so EUM came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are EDC and EUM levered on the same thing?
- Yes. Both are levered on emerging markets, EDC at +3 times and EUM at -1 times the daily move.
- Which one decays faster, EDC or EUM?
- Decay follows how much the underlying moves about. Over this window EDC’s moved at 28% annualized and EUM’s at 28%, so EDC has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold EDC or EUM for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EDC against EUM, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/EDC-EUM Free to use with attribution; the underlying files are at Open data.