EDZDirexion Daily MSCI Emerging Markets Bear 3X Shares
Seeks daily investment results of 300% of the inverse performance of the Index.
Direxion Funds · Since 2008 (17 years)
1.05%
#4864 out of 5,332 ETFs
$28M
#3867 out of 5,332 ETFs
5.29%
17 years
#664 out of 5,332 ETFs
Performance
1 Year
-72.2%
3 Years
-44.9%
5 Years
-22.3%
What's inside
Asset allocation
Sector breakdown
Top holdings
Risk profile
55.3%
High
-98.9%
Worst peak-to-trough loss
-0.92
Below average
-1.25
Moderate downside risk
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Inverse ETF — daily tool only
Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.
Source: Cheng & Madhavan (2009)
Why we flagged this: strategy=inverse + inverse_name_or_strategy
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=inverse + 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
Data updated on 2026-05-05