EDC vs SPY
Direxion Daily MSCI Emerging Markets Bull 3X ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EDC delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EDC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.09% | |
| AUM | $168M | $821.1B | |
| Dividend Yield | 1.52% | 1.01% | |
| Holdings | 10 | 505 | |
| YTD Return | +34.11% | +14.24% | |
| 1Y Return | +87.47% | +21.71% | |
| 3Y Return (annualized) | +44.23% | +22.10% | |
| 5Y Return (annualized) | +0.46% | +13.21% | |
| Volatility (annualized) | 58.6% | 15.3% | |
| Max Drawdown | -92.9% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Dec 17, 2008 | Jan 22, 1993 |
EDC vs SPY Performance
Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) is a ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EDC returned +87.47% while SPY returned +21.71%. Year to date, EDC is up 34.11% versus a gain of 14.24% for SPY.
Over three years, EDC compounded at +44.23% per year against +22.10% for SPY; over five years the annualized figures are +0.46% and +13.21% respectively. Across the full 18-year window we track, SPY has the edge at +8.86% annualized vs -0.60%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EDC has been the more volatile fund, with annualized monthly volatility of 58.6% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -92.9% for EDC and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EDC charges 1.09% per year while SPY charges 0.09%. On a $10,000 position that is $109 vs $9 annually, a gap of $100 per year that compounds over a long holding period. On income, EDC currently yields 1.52% against 1.01% for SPY.
Holdings Overlap
EDC and SPY share 0 holdings out of 508 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EDC or SPY?
EDC has an expense ratio of 1.09% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, EDC or SPY?
Over the past year EDC returned +87.47% vs +21.71% for SPY, so EDC leads on 1-year performance. Over the longest common window we track (18 years), EDC annualized -0.60% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, EDC or SPY?
EDC has been the more volatile fund at 58.6% annualized versus 15.3% for SPY. Worst drawdown: EDC -92.9% vs SPY -56.5%.
Should I hold both EDC and SPY?
EDC and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EDC and SPY?
EDC and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, EDC or SPY?
EDC yields 1.52% while SPY yields 1.01%, so EDC currently pays the higher dividend yield.
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