EDC EDZ
The Direxion Daily MSCI Emerging Markets Bull (EDC) and Bear (EDZ) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the MSCI Emerging Markets IndexSM. There is no guarantee these funds will meet their stated investment objectives.
EDC
NAVas of Mar 28, 2023
1 Day NAV Changeas of Mar 28, 2023
$30.30
$1.24(4.27 %)
EDZ
NAVas of Mar 28, 2023
1 Day NAV Changeas of Mar 28, 2023
$12.84
$-0.56(-4.18 %)
Overview
Fund Information
| Fund Symbol | Daily Target | Intra-day Value | Benchmark Index | Security Identifier | Expense Ratio (gross/net %) | Inception Date |
|---|---|---|---|---|---|---|
| EDC | 300% | EDC.IV | NDUEEGF | 25490K281 | 1.21 / 1.20* | Dec 17, 2008 |
| EDZ | -300% | EDZ.IV | NDUEEGF | 25460E547 | 1.20 / 1.07* | Dec 17, 2008 |
These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.
Documents & Downloads
Strategy & Benefits
You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.
Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:
- Magnify your short-term perspective with daily 3X leverage
- Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
- Stay agile – with liquidity to trade through rapidly changing markets
Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.
Target Index
The MSCI Emerging Market IndexSM (NDUEEGF)is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalization securities across emerging markets countries. One cannot directly invest in an index.
Pricing & Performance
NAV and Market Price information as of March 28, 2023. Line chart shows pricing trend over the last 30 days.
- EDC
- EDZ
Net asset value (NAV)
- 30.30NAV $
- 1.24Change $
- 4.27Change %
Market price closing
- 30.22Market $
- 1.12Change $
- 3.85Change %
Premium / Discount
-0.08
| monthly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -22.23 | -9.69 | -0.54 | -53.47 | -22.37 | -25.06 | -13.78 | -6.68 | 12/17/2008 | 1.21 / 1.20* |
| Market Close | -22.18 | -9.70 | -0.17 | -53.71 | -22.58 | -25.13 | -13.77 | -6.68 |
| quarterly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -9.20 | 25.31 | -60.02 | -60.02 | -30.58 | -24.71 | -14.49 | -6.72 | 12/17/2008 | 1.21 / 1.20* |
| Market Close | -9.54 | 25.17 | -60.25 | -60.25 | -30.64 | -24.77 | -14.51 | -6.75 | ||
| NDUEEGF | -1.41 | 9.70 | -20.09 | -20.09 | -2.69 | -1.39 | 1.44 | 6.25 | — | - |
The Primary Listing Exchange is the NYSE Arca, Inc.
* The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95%. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2024, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.
Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.