Share-split context: This ETF has both forward- and reverse-split history. The most recent recorded event was on Mar 24, 2016 with coefficient 0.25. Current price-return figures are already split-adjusted. Forward splits receive no automatic performance penalty; reverse-split history remains a separate structural warning.

What this ETF is trying to do

The Direxion Daily Emerging Markets Bull 3X Shares (EDC) is an ETF that uses leverage. This means it is designed to aim for three times the daily performance of emerging markets. Because it is a leveraged ETF, its price can move much faster than the regular market.

What the numbers show

As of October 7, 2026, the current price of EDC is $78.38. When looking at how this ETF has performed, it is important to look at two different types of returns:

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 43.66%. Over the last year, the price return was about 48.28%, and over the last three years, it was about 212.77%.

• Total Return: This includes both the share price changes and any cash distributions paid to investors. The YTD total return is approximately 45.70%. The one-year total return was about 50.66%, and the three-year total return was about 238.71%.

The total return is higher than the price return because it accounts for the extra money paid out through distributions.

This ETF has a history of "mixed" splits. This means that at different times, it has had both forward splits and reverse splits. In a forward split, one old share becomes multiple new shares, which makes the per-share price look lower, even though your ownership stays the same. In a reverse split, several old shares are combined into one new share, which makes the per-share price rise mechanically.

Income and distribution explanation

EDC provides cash distributions to investors. The distribution yield is approximately 1.40%. Over the last 12 months, there were 4 payouts, and these usually happen on a quarterly basis. It is important to remember that a distribution yield shows how much cash is paid out relative to the price, but it is not the same thing as total return.

NAV erosion explanation

"NAV erosion" refers to a loss in the value of the fund's underlying assets. StockValueFinder uses an erosion-risk score to measure this risk. For EDC, the erosion score is 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Top Holdings

The ETF's holdings can change over time. According to the most recent data, the top holdings are:

• Goldman Sachs FS Treasury Intms Instl: 32.09%

• iShares MSCI Emerging Markets ETF: 7.85%

Pros

• The ETF has shown high price and total returns over the last year and three years.

• The current erosion-risk measurements are positive.

Cons

• This is a leveraged ETF, which means it can be much more volatile (price swings can be larger) than standard ETFs.

• The fund has a history of both forward and reverse splits.

Beginner takeaway

When looking at EDC, remember that it is a leveraged fund, so its price moves very quickly. When checking performance, always look at the "total return" to see how much you would have earned including cash payments, not just the "price return." Additionally, while this fund has provided distributions, high yields alone do not guarantee an investment will grow in value.