EDZ vs NOVM

Comparison between DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES (EDZ, ETF) and FT VEST U.S. EQUITY MAX BUFFER ETF - NOVEMBER (NOVM, ETF).

EDZ vs NOVM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EDZ(ETF)	NOVM(ETF)
Net Assets	$28M	$28M
Expense Ratio	N/A	0.85%
Max Drawdown	99.99%	3.26%
Sharpe Ratio	-1.67	1.87
5Y Beta	-1.86	0.16
5Y Dividends CAGR	24.72%	N/A

Net Assets

EDZ

$28M

Winner

NOVM

$28M

Expense Ratio

EDZ

N/A

NOVM

0.85%

Max Drawdown

EDZ

99.99%

Winner

NOVM

3.26%

Sharpe Ratio

EDZ

-1.67

Winner

NOVM

1.87

5Y Beta

Winner

EDZ

-1.86

NOVM

0.16

5Y Dividends CAGR

EDZ

24.72%

NOVM

N/A

EDZ vs NOVM - Historical Returns

Returns include dividend reinvestment.

Period	EDZ	NOVM
1 month	-12.55%	+0.39%
3 months	-47.40%	+2.39%
6 months	-57.69%	+2.68%
1 year	-71.06%	+7.87%
5 years(CAGR)	-24.65%	N/A
10 years(CAGR)	-36.83%	N/A
Max(CAGR)	-40.80%	+6.50%

EDZ

-12.55%

Winner

NOVM

+0.39%

EDZ

-47.40%

Winner

NOVM

+2.39%

EDZ

-57.69%

Winner

NOVM

+2.68%

EDZ

-71.06%

Winner

NOVM

+7.87%

5Y(CAGR)

EDZ

-24.65%

NOVM

N/A

10Y(CAGR)

EDZ

-36.83%

NOVM

N/A

Max(CAGR)

EDZ

-40.80%

Winner

NOVM

+6.50%

EDZ vs NOVM - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	EDZ	NOVM
2026	-51.00%	+2.34%
2025	-59.66%	+7.49%
2024	-16.21%	+0.23%
2023	-17.83%	N/A
2022	+52.78%	N/A
2021	-6.91%	N/A
2020	-66.72%	N/A
2019	-42.69%	N/A
2018	+41.14%	N/A
2017	-62.75%	N/A
2016	-50.12%	N/A
2015	+20.96%	N/A
2014	-15.48%	N/A
2013	-5.95%	N/A
2012	-49.67%	N/A
2011	-0.20%	N/A
2010	-55.21%	N/A
2009	-91.17%	N/A
2008	-4.29%	N/A

EDZ vs NOVM Drawdown Comparison

The maximum drawdown for EDZ was -99.99%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for NOVM was -3.26%, occurring on Apr 4, 2025. Recovery took 62 trading sessions.

The current EDZ drawdown is -99.99%. The current NOVM drawdown is -0.18%.

Rank	EDZ	NOVM
#1	-99.99% Mar 2, 2009 - Jun 2, 2026	-3.26% Feb 19, 2025 - May 19, 2025
#2	-41.31% Jan 20, 2009 - Mar 2, 2009	-1.48% Feb 25, 2026 - Apr 9, 2026
#3	-27.71% Dec 30, 2008 - Jan 12, 2009	-0.81% Dec 16, 2024 - Jan 17, 2025
#4	-7.31% Jan 14, 2009 - Jan 20, 2009	-0.62% May 19, 2025 - Jun 3, 2025
#5	-1.62% Jan 12, 2009 - Jan 14, 2009	-0.45% Jun 2, 2026 - Jun 10, 2026
#6	N/A	-0.44% Jul 28, 2025 - Aug 8, 2025
#7	N/A	-0.38% Feb 2, 2026 - Feb 9, 2026
#8	N/A	-0.37% Jan 12, 2026 - Jan 26, 2026
#9	N/A	-0.35% Oct 9, 2025 - Oct 17, 2025
#10	N/A	-0.34% Dec 11, 2025 - Dec 19, 2025
#11	N/A	-0.29% Feb 9, 2026 - Feb 25, 2026
#12	N/A	-0.28% Jan 23, 2025 - Feb 6, 2025
#13	N/A	-0.26% Jun 12, 2025 - Jun 16, 2025
#14	N/A	-0.24% Aug 18, 2025 - Aug 22, 2025
#15	N/A	-0.23% Dec 6, 2024 - Dec 16, 2024

Correlation

Correlation between EDZ and NOVM is -0.97 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.97

-101