TNXT vs EDZ

Comparison between T. ROWE PRICE INNOVATION LEADERS ETF (TNXT, ETF) and DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES (EDZ, ETF).

TNXT vs EDZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TNXT(ETF)	EDZ(ETF)
Net Assets	$18M	$18M
Expense Ratio	0.49%	N/A
Max Drawdown	12.97%	99.99%
Sharpe Ratio	1.19	-1.27
5Y Beta	1.38	-1.63
P/E Ratio	55.30	N/A
Forward P/E	20.70	N/A
5Y EPS CAGR	31.52%	N/A
P/S Ratio	2.35	N/A
P/B Ratio	7.09	N/A

Net Assets

TNXT

$18M

EDZ

$18M

Expense Ratio

TNXT

0.49%

EDZ

N/A

Max Drawdown

Winner

TNXT

12.97%

EDZ

99.99%

Sharpe Ratio

Winner

TNXT

1.19

EDZ

-1.27

5Y Beta

TNXT

1.38

Winner

EDZ

-1.63

P/E Ratio

TNXT

55.30

EDZ

N/A

Forward P/E

TNXT

20.70

EDZ

N/A

5Y EPS CAGR

TNXT

31.52%

EDZ

N/A

P/S Ratio

TNXT

2.35

EDZ

N/A

P/B Ratio

TNXT

7.09

EDZ

N/A

TNXT vs EDZ - Holdings Comparison

TNXT and EDZ have 0 common holdings. Overlap is 0.00%

TNXT's top 25 holdings weight is 49.13%. EDZ's top 25 holdings weight is 75.57%.

Rank	TNXT	EDZ
#1	NVIDIA CORP (NVDA) - 7.76%	GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 75.57%
#2	APPLE INC (AAPL) - 5.36%	N/A
#3	AMAZON.COM INC (AMZN) - 3.86%	N/A
#4	MICROSOFT CORP (MSFT) - 3.55%	N/A
#5	BROADCOM INC (AVGO) - 2.70%	N/A
#6	ALPHABET INC CLASS A (GOOGL) - 2.28%	N/A
#7	ADVANCED MICRO DEVICES INC (AMD) - 2.10%	N/A
#8	ALPHABET INC CLASS C (GOOG) - 2.08%	N/A
#9	ELI LILLY AND CO (LLY) - 1.96%	N/A
#10	MICRON TECHNOLOGY INC (MU) - 1.57%	N/A
#11	TESLA INC (TSLA) - 1.55%	N/A
#12	META PLATFORMS INC CLASS A (META) - 1.52%	N/A
#13	VISA INC CLASS A (V) - 1.46%	N/A
#14	INTEL CORP (INTC) - 1.26%	N/A
#15	MASTERCARD INC CLASS A (MA) - 1.24%	N/A
#16	UNITEDHEALTH GROUP INC (UNH) - 1.11%	N/A
#17	BLOCK INC CLASS A (XYZ) - 1.06%	N/A
#18	MODERNA INC (MRNA) - 1.06%	N/A
#19	n/a (TSM) - 1.01%	N/A
#20	BRISTOL-MYERS SQUIBB CO (BMY) - 0.90%	N/A
#21	n/a (SPCX) - 0.77%	N/A
#22	GILEAD SCIENCES INC (GILD) - 0.76%	N/A
#23	ASML HOLDING NV ADR (ASML) - 0.75%	N/A
#24	VERTEX PHARMACEUTICALS INC (VRTX) - 0.74%	N/A
#25	CORPAY INC (CPAY) - 0.72%	N/A
Total Holdings	292	1

TNXT vs EDZ - Historical Returns

Returns include dividend reinvestment.

Period	TNXT	EDZ
1 month	+7.30%	-18.22%
3 months	+5.93%	-9.31%
6 months	+20.78%	-37.83%
1 year	N/A	-69.76%
5 years(CAGR)	N/A	-28.50%
10 years(CAGR)	N/A	-34.84%
Max(CAGR)	+29.60%	-40.75%

Winner

TNXT

+7.30%

EDZ

-18.22%

Winner

TNXT

+5.93%

EDZ

-9.31%

Winner

TNXT

+20.78%

EDZ

-37.83%

TNXT

N/A

EDZ

-69.76%

5Y(CAGR)

TNXT

N/A

EDZ

-28.50%

10Y(CAGR)

TNXT

N/A

EDZ

-34.84%

Max(CAGR)

Winner

TNXT

+29.60%

EDZ

-40.75%

TNXT vs EDZ - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	TNXT	EDZ
2026	+16.08%	-55.37%
2025	N/A	-59.66%
2024	N/A	-16.21%
2023	N/A	-17.83%
2022	N/A	+52.78%
2021	N/A	-6.91%
2020	N/A	-66.72%
2019	N/A	-42.69%
2018	N/A	+41.14%
2017	N/A	-62.75%
2016	N/A	-50.12%
2015	N/A	+20.96%
2014	N/A	-15.48%
2013	N/A	-5.95%
2012	N/A	-49.67%
2011	N/A	-0.20%
2010	N/A	-55.21%
2009	N/A	-91.17%
2008	N/A	-4.29%

TNXT vs EDZ Drawdown Comparison

The maximum drawdown for TNXT was -12.97%, occurring on Mar 30, 2026. Recovery took 52 trading sessions.

The maximum drawdown for EDZ was -99.99%, occurring on Jun 22, 2026. This drawdown has not yet recovered.

The current EDZ drawdown is -99.99%.

Rank	TNXT	EDZ
#1	-12.97% Jan 29, 2026 - Apr 15, 2026	-99.99% Mar 2, 2009 - Jun 22, 2026
#2	-6.43% Jun 1, 2026 - Jun 30, 2026	-41.31% Jan 20, 2009 - Mar 2, 2009
#3	-5.91% Jul 9, 2026 - Aug 4, 2026	-27.71% Dec 30, 2008 - Jan 12, 2009
#4	-3.00% May 14, 2026 - May 26, 2026	-7.31% Jan 14, 2009 - Jan 20, 2009
#5	-1.60% Aug 13, 2026 - Aug 27, 2026	-1.62% Jan 12, 2009 - Jan 14, 2009
#6	-1.31% Apr 24, 2026 - May 1, 2026	N/A
#7	-1.19% Apr 17, 2026 - Apr 24, 2026	N/A
#8	-1.10% Jul 6, 2026 - Jul 9, 2026	N/A
#9	-0.98% Jun 30, 2026 - Jul 6, 2026	N/A
#10	-0.65% May 11, 2026 - May 13, 2026	N/A
#11	-0.61% May 6, 2026 - May 8, 2026	N/A
#12	-0.57% Aug 4, 2026 - Aug 7, 2026	N/A
#13	-0.40% Aug 7, 2026 - Aug 12, 2026	N/A
#14	-0.29% May 28, 2026 - Jun 1, 2026	N/A

Correlation

Correlation between TNXT and EDZ is -0.94 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.94

-101