Direxion Daily MSCI Emerging Markets Bear 3X Shares

10-Year Study

EDZ.US · · US · ETF

Executive Summary: Direxion Daily MSCI Emerging Markets Bear 3X Shares has compounded at -35.1% annually over the last 10 years, with a maximum drawdown of 98.6% and an annualized volatility of 51.3%.

1Y CAGR
-69.2%
3Y CAGR
-44.7%
5Y CAGR
-20.9%
10Y CAGR
-35.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
98.6%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.67
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-1.15
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
46.3%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · +49.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · -68.8%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
20%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-21.2-16.125.6-26.0————————-38.6%
2025-5.1-3.2-3.6-6.4-11.3-17.9-0.9-7.3-17.9-10.56.3-6.0-59.3%
202416.2-10.6-7.01.4-4.8-6.4-1.8-3.0-16.59.68.85.4-12.7%
2023-23.626.3-8.82.98.1-11.4-16.323.710.611.2-19.8-10.0-20.3%
2022-3.012.92.518.3-5.314.2-0.14.042.63.0-36.98.149.3%
2021-11.1-4.4-1.6-4.8-6.0-3.419.4-6.311.9-4.311.4-5.3-8.7%
202018.29.614.1-25.0-11.4-20.6-24.0-9.41.3-5.5-26.6-17.4-68.8%
2019-26.44.2-3.9-6.423.5-16.68.510.4-5.1-11.8-0.2-19.8-43.0%
2018-21.713.8-3.68.07.113.9-10.39.81.327.1-15.69.732.9%
2017-17.9-5.7-11.2-5.8-8.7-3.6-15.7-7.3-0.4-9.60.0-10.5-64.1%
2016———-3.510.2-16.9-15.6-3.6-10.11.410.9-0.5-27.5%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 51.3%. The dominant macroeconomic risk driver is VWO.US, accounting for 69.9% of variance. Idiosyncratic stock-specific factors contribute 1.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019652.797992545233
2016-05-0110634.14617269053
2016-06-018840.745971660283
2016-07-017463.414643883239
2016-08-017193.687195097082
2016-09-016470.588430986656
2016-10-016562.410031578395
2016-11-017279.770777345126
2016-12-017245.337344445909
2017-01-015945.480575337472
2017-02-015604.017251581033
2017-03-014978.479437115304
2017-04-014691.535271879538
2017-05-014281.205082324661
2017-06-014126.25529963281
2017-07-013477.7620850191474
2017-08-013225.2513526826
2017-09-013213.773319931316
2017-10-012903.8737545476156
2017-11-012903.8737545476156
2017-12-012599.7128728622406
2018-01-012034.4335659701444
2018-02-012315.6383821529535
2018-03-012233.0126479258
2018-04-012411.768819339517
2018-05-012583.627259286504
2018-06-012941.714468515718
2018-07-012638.2315832000354
2018-08-012897.456409124966
2018-09-012934.686327541177
2018-10-013729.4012027881813
2018-11-013148.913885079549
2018-12-013454.5272359259034
2019-01-012540.87622813653
2019-02-012648.4321350584732
2019-03-012544.628828259261
2019-04-012381.5637151246883
2019-05-012941.5561141133758
2019-06-012454.264354310922
2019-07-012661.7492080117477
2019-08-012938.00644715331
2019-09-012788.3622022945547
2019-10-012458.599805091014
2019-11-012454.5072087514895
2019-12-011968.7304614453938
2020-01-012326.8409580867165
2020-02-012550.147279574498
2020-03-012909.2830877032548
2020-04-012181.6692270621816
2020-05-011932.2849961399452
2020-06-011535.0310211616704
2020-07-011166.5296812372455
2020-08-011056.8007260882023
2020-09-011070.8836222225518
2020-10-011012.2053318991836
2020-11-01743.4572851308742
2020-12-01614.3645141357586
2021-01-01546.2974046046133
2021-02-01522.2395118319681
2021-03-01514.0243781944923
2021-04-01489.3789772820648
2021-05-01460.04016479769655
2021-06-01444.1967403078955
2021-07-01530.4539801148122
2021-08-01497.00726813439013
2021-09-01556.2730665975408
2021-10-01532.2145084702638
2021-11-01592.6533271490838
2021-12-01560.9671435241133
2022-01-01543.9500334640111
2022-02-01614.3645141357586
2022-03-01629.6210958404091
2022-04-01744.6309707011753
2022-05-01705.3164962238797
2022-06-01805.6566321651458
2022-07-01804.4829465948447
2022-08-01836.7566383595973
2022-09-011192.934945150493
2022-10-011228.1421854863665
2022-11-01774.5572913253259
2022-12-01837.3428157901162
2023-01-01639.5960924787049
2023-02-01808.0040033057478
2023-03-01736.5901599772022
2023-04-01757.9407247535011
2023-05-01819.619764465791
2023-06-01725.8779504069942
2023-07-01607.7954678570837
2023-08-01751.6524581293993
2023-09-01831.4471083987115
2023-10-01924.7045442856381
2023-11-01741.8225088008121
2023-12-01667.5090499873617
2024-01-01775.9186069017635
2024-02-01693.6980736453097
2024-03-01644.8903192830617
2024-04-01654.1826620692435
2024-05-01622.5889627380781
2024-06-01582.9018896670359
2024-07-01572.2236131830438
2024-08-01555.2643889758988
2024-09-01463.72157197483705
2024-10-01508.2490999914235
2024-11-01552.77662800801
2024-12-01582.7255706896381
2025-01-01552.727391765265
2025-02-01534.8566317127047
2025-03-01515.7523041729911
2025-04-01482.7493837319062
2025-05-01428.39124103210077
2025-06-01351.77765125689814
2025-07-01348.5087639514054
2025-08-01323.00771698262474
2025-09-01265.12119867096743
2025-10-01237.19293800578177
2025-11-01252.14944477154015
2025-12-01237.132390734298
2026-01-01186.8315805785378
2026-02-01156.7575512261521
2026-03-01196.94497098022504
2026-04-01145.64612887692994
Annual Return Matrix
YearAnnual Return
2017-0.6411881532534693
20180.328811066786205
2019-0.4301013345701057
2020-0.6879387370860777
2021-0.08691480282965325
20220.49267711212060106
2023-0.2028246526991453
2024-0.12701472631618826
2025-0.5930633514955264
2026-0.3858024691358025
Total Factor Risk
0.5128516718771448
VTI.US Exposure
-0.16401855564212828
VEA.US Exposure
0.1074625687211088
VWO.US Exposure
0.6991955277127597
QQQ.US Exposure
0.0879331942638425
VTV.US Exposure
0.043060240834899476
IJR.US Exposure
0.009622638953719039
QUAL.US Exposure
0.032709110467805946
SHV.US Exposure
0.157639217964664
TLT.US Exposure
0.00834411178747729
LQD.US Exposure
0.01989377762961296
HYG.US Exposure
-0.006975391072728589
GLD.US Exposure
0.019001801856882217
USO.US Exposure
-0.004894190188227132
VNQ.US Exposure
0.005633466634677644
BTC-USD.CC Exposure
0.000678469450701197
CPER.US Exposure
-0.008414769132074435
VIX.INDX Exposure
-0.00350587358595833
UUP.US Exposure
-0.006109263893393431
TIP.US Exposure
-0.007430073661829767
Idiosyncratic Exposure
0.010173990898189152
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
51.3%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$2
Avg Yield on Cost
0.02%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$1.690.02%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-19.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-41.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
74.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-1.71
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Direxion Daily MSCI Emerging Markets Bear 3X Shares a high-risk investment?

Direxion Daily MSCI Emerging Markets Bear 3X Shares (EDZ.US) has an annualized volatility of 51.3% and experienced a maximum drawdown of 98.6% over the last 10 years. Its primary macro risk driver is VWO.US.

What is the 10-year return of EDZ.US?

Over the past 10 years, EDZ.US has generated a Compound Annual Growth Rate (CAGR) of -35.1%. It has had a positive return in 20% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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