EDC vs EUM: which held to its multiple?
Over three months against its own daily promise, EDC finished 2.8 points short and EUM 1.4 points over. Direxion Daily MSCI Emerging Markets Bull 3X ETF and ProShares Short MSCI Emerging Markets.
EDC returned −5.8% while 3 times EEM's move would have been +1.4%
EUM returned −0.5% while −1 times EEM's move would have been −0.5%
EDC among the 470 leveraged ETFs, long, over three months
EUM among the 125 inverse ETFs over three months
A percentile among the 470 leveraged ETFs, long, over three months. EUM is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | EDC | EUM | EDC | EUM | EDC | EUM |
| 1 month | −2.9% | +0.5% | −1.0% | +0.3% | −1.9 pts | +0.1 pts |
| 3 months | −5.8% | −0.5% | +1.4% | −0.5% | −7.2 pts | 0.0 pts |
| 6 months | +35.0% | −16.0% | +51.9% | −17.3% | −16.9 pts | +1.3 pts |
| 1 year | +52.7% | −22.3% | +82.5% | −27.5% | −29.8 pts | +5.2 pts |
| 3 years | +227.7% | −42.5% | +267.2% | −89.1% | −39.5 pts | +46.6 pts |
| Since launch EDC Jan 2010 · EUM Jan 2010 | −62.0% | −75.3% | not meaningful | not meaningful | not meaningful | not meaningful |
EDC and EUM over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
EDC and EUM on the same fields, as of Sep 30, 2026. Source: ETFIQ.
EDC in plain words
Three months to Sep 30, 2026: EDC returned −5.8% where its own daily promise gave −3.0%, 2.8 points short. Read the multiple against the whole window instead and 3 times EEM's 0.5% implies +1.4%, which makes EDC look 7.2 points short. 4.4 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 24% 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 30, 2026: EUM returned −0.5% where its own daily promise gave −1.9%, 1.4 points over. Read the multiple against the whole window instead and −1 times EEM's 0.5% implies −0.5%, which makes EUM look 0.0 points over. 1.4 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 30, 2026, EDC finished 7.2 points from what its multiple implies and EUM finished 0.0 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 24% annualized and EUM’s at 24%, 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.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, EDC against EUM, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/edc-vs-eum
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, EDC against EUM, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/edc-vs-eum Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, EDC against EUM, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/edc-vs-eum
- APA
- ETFIQ. (Sep 30, 2026). EDC against EUM. Retrieved from https://etfiq.com/compare/leverage/edc-vs-eum
- Markdown
- [EDC against EUM (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/edc-vs-eum)