ETHW vs EDC
Comparison between Bitwise Ethereum ETF (The) (ETHW, ETF) and Direxion Daily Emerging Markets Bull 3X Shares (EDC, ETF).
ETHW vs EDC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ETHW
$214M
EDC
$214M
Max Drawdown
Winner
ETHW
67.57%
EDC
93.08%
Sharpe Ratio
ETHW
-0.28
Winner
EDC
1.87
5Y Beta
Winner
ETHW
2.14
EDC
2.51
5Y Dividends CAGR
ETHW
N/A
EDC
22.60%
ETHW vs EDC - Historical Returns
Returns include dividend reinvestment.
1M
ETHW
-19.51%
Winner
EDC
+25.18%
3M
ETHW
-21.98%
Winner
EDC
+68.52%
6M
ETHW
-38.67%
Winner
EDC
+100.89%
1Y
ETHW
-31.71%
Winner
EDC
+186.31%
5Y(CAGR)
ETHW
N/A
EDC
+1.86%
10Y(CAGR)
ETHW
N/A
EDC
+9.48%
Max(CAGR)
ETHW
-31.16%
Winner
EDC
+2.59%
ETHW vs EDC - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | ETHW | EDC |
|---|---|---|
| 2026 | -45.34% | +71.32% |
| 2025 | -14.16% | +95.65% |
| 2024 | -3.54% | +2.29% |
| 2023 | N/A | +4.31% |
| 2022 | N/A | -61.05% |
| 2021 | N/A | -22.40% |
| 2020 | N/A | +0.01% |
| 2019 | N/A | +43.23% |
| 2018 | N/A | -52.60% |
| 2017 | N/A | +130.51% |
| 2016 | N/A | +24.74% |
| 2015 | N/A | -47.92% |
| 2014 | N/A | -9.87% |
| 2013 | N/A | -25.65% |
| 2012 | N/A | +34.52% |
| 2011 | N/A | -64.63% |
| 2010 | N/A | +13.36% |
| 2009 | N/A | +149.38% |
| 2008 | N/A | +4.95% |
ETHW vs EDC Drawdown Comparison
The maximum drawdown for ETHW was -67.57%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for EDC was -92.66%, occurring on Oct 24, 2022. This drawdown has not yet recovered.
The current ETHW drawdown is -64.80%. The current EDC drawdown is -61.34%.
| Rank | ETHW | EDC |
|---|---|---|
| #1 | -67.57% Aug 22, 2025 - Jun 5, 2026 | -92.66% Apr 8, 2011 - Oct 24, 2022 |
| #2 | -64.04% Dec 6, 2024 - Aug 11, 2025 | -64.90% Jan 6, 2009 - May 4, 2009 |
| #3 | -35.81% Jul 23, 2024 - Nov 25, 2024 | -47.41% Jan 8, 2010 - Oct 5, 2010 |
| #4 | -12.71% Aug 13, 2025 - Aug 22, 2025 | -32.63% Jun 1, 2009 - Jul 23, 2009 |
| #5 | -5.28% Nov 25, 2024 - Nov 27, 2024 | -26.91% Oct 14, 2009 - Nov 16, 2009 |
| #6 | -1.79% Dec 4, 2024 - Dec 6, 2024 | -24.30% Nov 4, 2010 - Apr 4, 2011 |
| #7 | -1.07% Nov 27, 2024 - Dec 4, 2024 | -20.61% Aug 3, 2009 - Sep 9, 2009 |
| #8 | N/A | -18.41% Nov 16, 2009 - Jan 5, 2010 |
| #9 | N/A | -16.87% May 8, 2009 - May 19, 2009 |
| #10 | N/A | -10.45% Sep 22, 2009 - Oct 6, 2009 |
| #11 | N/A | -9.54% Oct 13, 2010 - Nov 2, 2010 |
| #12 | N/A | -8.26% Jul 27, 2009 - Aug 3, 2009 |
| #13 | N/A | -7.66% May 6, 2009 - May 8, 2009 |
| #14 | N/A | -5.88% May 20, 2009 - May 28, 2009 |
| #15 | N/A | -4.39% Sep 16, 2009 - Sep 22, 2009 |
Correlation
Correlation between ETHW and EDC is -0.33 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.33
-101
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