# EDC (Direxion Daily MSCI Emerging Markets Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: EDC returned −5.8% where its own daily promise gave −3.0%, 2.8 points short.

## Key facts

- EDC, what EEM did: +0.5%, as of Sep 30, 2026.
- EDC, what 3 times a day gives: −3.0%, as of Sep 30, 2026.
- EDC, what the fund returned: −5.8%, as of Sep 30, 2026.
- EDC, the fund itself cost: −2.8 pts, as of Sep 30, 2026.
- EDC, net assets: $160m (issuer page, as of Sep 30, 2026).
- EDC, expense ratio: 1.09% (485BPOS XBRL, Feb 26, 2026).

## EDC over each window to Sep 30, 2026

| Window | Fund | EEM | +3x the move | Difference | EEM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −2.9% | −0.3% | −1.0% | −1.9 pts | 21% |
| 3 months | −5.8% | +0.5% | +1.4% | −7.2 pts | 24% |
| 6 months | +35.0% | +17.3% | +51.9% | −16.9 pts | 29% |
| 1 year | +52.7% | +27.5% | +82.5% | −29.8 pts | 25% |
| 3 years | +227.7% | +89.1% | +267.2% | −39.5 pts | 20% |
| Since launch | −62.0% | +121.1% | not meaningful over this window | not meaningful over this window | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of EEM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | EEM moved +0.5% over this window, too little to read a multiple from | ETFIQ |
| Underlying | EEM | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $160m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.09% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 24% annualized | ETFIQ |

## Questions

### Did EDC return +3 times EEM?

Over the window to Sep 30, 2026, EEM moved +0.5% and EDC returned −5.8%. 3 times that move is +1.4%, so the fund came out 7.2 points short of it.

### Why does EDC not return +3 times over a year?

Because it resets daily. EDC aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, EDC, data as of Sep 30, 2026. https://etfiq.com/funds/edc
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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