{"url":"https://etfiq.com/compare/leverage/edz-vs-eum","section":"compare","title":"EDZ vs EUM: which held to its multiple? | ETFIQ","description":"EDZ sets out to return -3 times EEM each day and EUM -1 times. Over the three months to Sep 30, 2026 they finished \u22125.3 pts and 0.0 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, EDZ or EUM?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, EDZ finished 5.3 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."}},{"@type":"Question","name":"Are EDZ and EUM levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on emerging markets, EDZ at -3 times and EUM at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, EDZ or EUM?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window EDZ\u2019s moved at 24% annualized and EUM\u2019s at 24%, so EDZ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold EDZ or EUM 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, EDZ or EUM?","acceptedAnswer":{"@type":"Answer","text":"EDZ charges 1.05% a year and EUM charges 0.95%, so EUM 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":"EDZ vs EUM","item":"https://etfiq.com/compare/leverage/edz-vs-eum"}]},{"@type":"WebPage","name":"EDZ vs EUM: which held to its multiple?","description":"EDZ sets out to return -3 times EEM each day and EUM -1 times. Over the three months to Sep 30, 2026 they finished \u22125.3 pts and 0.0 pts away.","url":"https://etfiq.com/compare/leverage/edz-vs-eum","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, EDZ finished 3.0 points over and EUM 1.4 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 EDZ and EUM","description":"EDZ sets out to return -3 times EEM each day and EUM -1 times. Over the three months to Sep 30, 2026 they finished \u22125.3 pts and 0.0 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/edz-vs-eum","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":6754,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / EDZ vs EUM \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n EDZ vs EUM: which held to its multiple?\n\n Over three months against its own daily promise, EDZ finished 3.0 points over and EUM 1.4 points over.\n Copy this for sharing \n \n Direxion Daily MSCI Emerging Markets Bear 3X ETF and ProShares Short MSCI Emerging Markets.\n\n Download as PDF \n\n \u22126.7% EDZ returned, 3 months \n \u22120.5% EUM returned, 3 months \n \u22125.3 pts EDZ from its stated multiple \n 0.0 pts EUM from its stated multiple \n\n ETFIQ Decay Resistance Score: EDZ scores higher\n D","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/edz-vs-eum","a":{"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"}]},"b":{"ticker":"EUM","name":"ProShares Short MSCI Emerging Markets","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: EUM returned \u22120.5% where its own daily promise gave \u22121.9%, 1.4 points over.","url":"https://etfiq.com/funds/eum","key_facts":[{"label":"What EEM did","value":"+0.5%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u22121.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22120.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$14m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 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/edz-vs-eum"}