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EDC Direxion Daily Emrg Mkts Bull 3X ETF

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Fund EDC Direxion Daily Emrg Mkts Bull 3X ETF EET ProShares Ultra MSCI Emerging Markets  
Similarity
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100% 86%
Annual Fees
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$117.07
(1.07% Exp. Ratio)
$103.94
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 9.41% annual return
$107,662.10 $111,649.55
Est. savings over 30 yrs +$3,987.45
Return
As of 10/31/16
1 YR RETURN 9.27%
3 YR -19.39%
5 YR -13.56%
10 YR --
1 YR RETURN 11.63%
3 YR -9.53%
5 YR -4.90%
10 YR --
Description
The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Emerging Markets IndexSM. The fund creates long positions by investing at least 80% of its assets in the securities that comprise the MSCI Emerging Markets IndexSM and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. The fund is non-diversified.
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the MSCI Emerging Markets Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index includes 85% of free float-adjusted market capitalization in each industry group in emerging market countries. The fund is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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