EDZ

Direxion Daily MSCI Emerging Markets Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

EDZ Fund Description

EDZ provides 3x inverse exposure to a market-cap-weighted index of companies operating in emerging markets.

EDZ Factset Analytics Insight

EDZ provides inverse exposure to the widely followed MSCI Emerging Markets Index, leveraged by a factor of three. The underlying index strongly represents financial and technology firms in emerging markets, particularly concentrated in China, Korea, and Taiwan, so EDZ is to some extent a bet against those sectors and those markets. EDZ is designed to provide 3x inverse exposure to the index for one day, not for an extended period. In fact, investors interested in EDZ should look long and hard at the prospectus to get a complete understanding of the path-dependent nature of its returns. Investors who use it for longer than a day could get results that differ greatly from -3x. EDZ enjoys strong liquidity and airtight spreads, so it should be easy to get in and get out of the fund on a daily basis. The fund charges a steep fee, but it's reasonable for the leverage space and most investors won't be sticking around long enough to realize major holding costs.

EDZ CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/13/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
EDZ -7.23% 4.00% 25.87% 14.96% -39.99% -23.67% --
EDZ (NAV) -7.02% 4.46% 26.25% 15.21% -39.94% -23.64% --
MSCI Emerging Markets Index 2.08% -2.88% -13.03% -9.77% 10.94% 2.28% --
S&P GSCI -3.00% -11.00% -5.05% 1.09% 3.55% -12.62% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

EDZ Summary Data

Direxion
12/17/08
Open-Ended Fund
1.12%
$79.36M
0.08%

EDZ Portfolio Data

0.28%
12/27/18

EDZ Index Data

Market Cap
Market Cap
S&P GSCI

EDZ Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-3
Daily

EDZ Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

EDZ Factset Analytics Block Liquidity

As of 12/14/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of EDZ. EDZ is rated a 5 out of 5.

EDZ Tradability

359,305
$21.71M
333,582
$20.01M
0.08%
$0.05
-0.01%
0.27% / -0.58%
None
0.00%
50,000
6.67
0.00%
--
4,563
$56.93
5