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Beacon

EDCDirexion Daily MSCI Emerging Markets Bull 3X Shares

Take a bet17y track recordRanked #148 of 775 in this goal

Seeks daily investment results of 300% of the daily performance of the MSCI Emerging Markets Index.

By Direxion Funds · Launched 2008

Annual Cost

1.09%

#5,169 of 5,562 · expensive

Fund Size

$214M

#2,267 of 5,562 · mid-size

Return (1Y)Goal

+184.9%

Track Record

17 years

#645 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$30,735+207.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Emerging markets

Strategy

Leveraged

Index tracked

MSCI Emerging Markets Index

What it actually holds

By weight

Concentration

Top 8 holdings = 133.5% of fundconcentrated

DREYFUS GOVERNMENT CASH MANAGE
41.0%
GOLDMAN FINANCIAL
37.3%
N/A
15.3%
GOLDMAN SACHS LIQ ES FD A
13.9%
ISHARES MSCI EMERGINGS MARKETS
9.3%
N/A
9.1%
N/A
8.7%
N/A
-1.0%

Asset allocation

Cash
52.4%
Stocks
47.6%

By sector

Technology
32.7%
Financial Services
20.8%
Consumer Cyclical
10.3%
Communication
7.8%
Industrials
7.3%
Basic Materials
7.0%
Energy
4.4%
Consumer Defensive
3.2%
Other
6.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
65.9%High

Year-on-year price swings

Max drawdown
-87.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.93Decent risk-adjusted returns
Sortino (3Y)
1.38Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 300% of the daily performance of the MSCI Emerging Markets Index.
Strategy
Invests primarily in financial instruments that provide 3x leveraged exposure to the MSCI Emerging Markets Index. Designed for daily performance tracking, it is not suitable for long-term holding due to compounding effects.
Inception date
December 17, 2008
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20