EDZ
Direxion Daily MSCI Emerging Markets Bear 3X Shares

Price: $8.41
Change: $0.15 (0.02%)
Category: Leveraged Equities
Last Updated:

Vitals

Brand Direxion
Structure ETF
Expense Ratio 1.08%
ETF Home Page Home page
Inception Dec 17, 2008

Analyst Report

This ETF offers 3x daily short leverage to the broad-based MSCI Emerging Markets Index, making it a powerful tool for investors with a bearish short-term outlook for emerging markets. Investors should note that EDZ’s leverage resets on a daily basis, which results in compounding of returns when held for multiple periods. EDZ can be a powerful tool for sophisticated investors, but should be avoided by those with a low risk tolerance or a buy-and-hold strategy.

ETF Database Themes

Inverse Yes
Leveraged 3x
Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Emerging Markets
Region (Specific) Broad

FactSet Classifications

  • Segment Inverse Equity: Emerging Markets - Total Market
  • Category Size and Style
  • Focus Total Market
  • Niche Broad-based
  • Strategy Vanilla
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $7.05
  • 52 Week Hi $17.56
  • AUM $25.2 M
  • Shares 3.0 M

Historical Trading Data

  • 1 Month Avg. Volume 230,291
  • 3 Month Avg. Volume 323,755

Alternative ETFs in the ETF Database Leveraged Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPUU 0.64% $68.8 M 16,415 46.91%
Largest (AUM) TQQQ 0.95% $17.4 B 32 M 59.46%
Most Liquid (Volume) SQQQ 0.95% $1.6 B 91 M -51.91%
Top YTD Performer NRGU 0.95% $777.8 M 410,329 226.39%

Alternative ETFs in the FactSet Inverse Equity: Emerging Markets - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest EUM 0.95% $43.0 M 208,452 -5.31%
Largest (AUM) EUM 0.95% $43.0 M 208,452 -5.31%
Most Liquid (Volume) EUM 0.95% $43.0 M 208,452 -5.31%
Top YTD Performer EUM 0.95% $43.0 M 208,452 -5.31%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

EDZ ETF Database Category Average FactSet Segment Average
Number of Holdings 3 93 1
% of Assets in Top 10 100.00% 76.83% 100.00%
% of Assets in Top 15 100.00% 79.73% 100.00%
% of Assets in Top 50 100.00% 86.34% 100.00%

Size Comparison

EDZ ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 33.55% 40.25%
Mid (>2.7B) N/A 12.61% 22.86%
Small (>600M) N/A 4.86% 3.53%
Micro (<600M) N/A 1.89% 0.02%

EDZ Valuation

This section compares the P/E ratio of this ETF to its peers.

EDZ
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
6.38
FactSet Segment Average
P/E Ratio
N/A

EDZ Dividend

This section compares the dividend yield of this ETF to its peers.

EDZ ETF Database Category Average FactSet Segment Average
Dividend $ 0.09 $ 0.09 $ 0.04
Dividend Date 2020-03-24 N/A N/A
Annual Dividend Rate N/A $ 0.14 N/A
Annual Dividend Yield N/A 0.20% N/A

EDZ Price and Volume Chart

EDZ Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 413.15 K 1 Month Net Flows: -1.46 M 3 Month Net Flows: -1.63 M 6 Month Net Flows: 1.66 M 1 Year Net Flows: 7.96 M 3 Year Net Flows: -12.8 M 5 Year Net Flows: 5.02 M 10 Year Net Flows: 298.15 M

EDZ Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for EDZ on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Leveraged Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- n/a
Expenses B n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

EDZ Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

EDZ
Expense Ratio
1.08%
ETF Database Category Average
Expense Ratio
1.04%
FactSet Segment Average
Expense Ratio
0.99%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

EDZ does not have an ESG score. There are no ESG themes that map to this ETF.

EDZ Performance

This section shows how this ETF has performed relative to its peers.

EDZ ETF Database
Category Average
Factset Segment
Average
1 Month Return -5.61% 1.46% -3.71%
3 Month Return 1.45% 0.76% 1.21%
YTD Return -19.68% 11.48% -12.48%
1 Year Return -47.27% 41.14% -32.58%
3 Year Return -86.41% 25.78% -65.33%
5 Year Return -92.19% 71.09% -72.68%

Geographic Exposure

The following charts reflect the geographic spread of EDZ's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of EDZ's underlying holdings.

EDZ Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
266.87%
Rank
32 of 138

20 Day Volatility
46.84%
Rank
45 of 138

50 Day Volatility
50.40%
Rank
43 of 137

200 Day Volatility
47.82%
Rank
47 of 135

Beta
-1.92
Rank
105 of 135

Standard Deviation
2.06%
Rank
116 of 125

Technicals

  • 20 Day MA $9.12
  • 60 Day MA $8.96
  • MACD 15 Period -0.63
  • MACD 100 Period -0.15
  • Williams % Range 10 Day 81.03
  • Williams % Range 20 Day 88.66
  • RSI 10 Day 38
  • RSI 20 Day 44
  • RSI 30 Day 46
  • Ultimate Oscillator 32

Bollinger Bands

  • Lower Bollinger (10 Day) $8.05
  • Upper Bollinger (10 Day) $9.47
  • Lower Bollinger (20 Day) $8.17
  • Upper Bollinger (20 Day) $10.07
  • Lower Bollinger (30 Day) $8.10
  • Upper Bollinger (30 Day) $9.99

Support & Resistance

  • Support Level 1 $8.37
  • Support Level 2 $8.32
  • Resistance Level 1 $8.48
  • Resistance Level 2 $8.54

Stochastic

  • Stochastic Oscillator %D (1 Day) 29.39
  • Stochastic Oscillator %D (5 Day) 19.51
  • Stochastic Oscillator %K (1 Day) 35.14
  • Stochastic Oscillator %K (5 Day) 16.42

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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