{"url":"https://etfiq.com/compare/leverage/edc-vs-edz","section":"compare","title":"EDC vs EDZ: which held to its multiple? | ETFIQ","description":"EDC sets out to return +3 times EEM each day and EDZ -3 times. Over the three months to Sep 30, 2026 they finished \u22127.2 pts and \u22125.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, EDC or EDZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, EDC finished 7.2 points from what its multiple implies and EDZ finished 5.3 points from its own, so EDZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are EDC and EDZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on emerging markets, EDC at +3 times and EDZ at -3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, EDC or EDZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window EDC\u2019s moved at 24% annualized and EDZ\u2019s at 24%, so EDC has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold EDC or EDZ for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, EDC or EDZ?","acceptedAnswer":{"@type":"Answer","text":"EDC charges 1.09% a year and EDZ charges 1.05%, so EDZ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"EDC vs EDZ","item":"https://etfiq.com/compare/leverage/edc-vs-edz"}]},{"@type":"WebPage","name":"EDC vs EDZ: which held to its multiple?","description":"EDC sets out to return +3 times EEM each day and EDZ -3 times. Over the three months to Sep 30, 2026 they finished \u22127.2 pts and \u22125.3 pts away.","url":"https://etfiq.com/compare/leverage/edc-vs-edz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, EDC finished 2.8 points short and EDZ 3.0 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of EDC and EDZ","description":"EDC sets out to return +3 times EEM each day and EDZ -3 times. Over the three months to Sep 30, 2026 they finished \u22127.2 pts and \u22125.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/edc-vs-edz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6998,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / EDC vs EDZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n EDC vs EDZ: which held to its multiple?\n\n Over three months against its own daily promise, EDC finished 2.8 points short and EDZ 3.0 points over.\n Copy this for sharing \n \n Direxion Daily MSCI Emerging Markets Bull 3X ETF and Direxion Daily MSCI Emerging Markets Bear 3X ETF.\n\n Download as PDF \n\n \u22125.8% EDC returned, 3 months \n \u22126.7% EDZ returned, 3 months \n \u22127.2 pts EDC from its stated multiple \n \u22125.3 pts EDZ from its stated multiple \n\n ETFIQ Decay Resistance Score: EDZ sco","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/edc-vs-edz","a":{"ticker":"EDC","name":"Direxion Daily MSCI Emerging Markets Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: EDC returned \u22125.8% where its own daily promise gave \u22123.0%, 2.8 points short.","url":"https://etfiq.com/funds/edc","key_facts":[{"label":"What EEM did","value":"+0.5%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u22123.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22125.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$160m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.09%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"EDZ","name":"Direxion Daily MSCI Emerging Markets Bear 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: EDZ returned \u22126.7% where its own daily promise gave \u22129.8%, 3.0 points over.","url":"https://etfiq.com/funds/edz","key_facts":[{"label":"What EEM did","value":"+0.5%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"\u22129.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22126.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+3.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$29m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.05%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/edc-vs-edz"}