Direxion Daily China 3x Bear Shares (YANG)
YANG is a passive ETF by Direxion tracking the investment results of the FTSE China 50 Index (-300%). YANG launched on Dec 3, 2009 and has a 1.07% expense ratio.
ETF Info
| ISIN | US25490K8365 |
|---|---|
| CUSIP | 25490K836 |
| Issuer | Direxion |
| Inception Date | Dec 3, 2009 |
| Region | Emerging Asia Pacific (China) |
| Category | Leveraged Equities, Leveraged, China Equities |
| Leveraged | 3x |
| Index Tracked | FTSE China 50 Index (-300%) |
| Home Page | www.direxion.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
YANG has a high expense ratio of 1.07%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily China 3x Bear Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily China 3x Bear Shares had a return of -45.57% year-to-date (YTD) and -27.21% in the last 12 months. Over the past 10 years, Direxion Daily China 3x Bear Shares had an annualized return of -35.24%, while the S&P 500 had an annualized return of 10.97%, indicating that Direxion Daily China 3x Bear Shares did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -45.57% | 11.29% |
| 1 month | -41.44% | 4.87% |
| 6 months | -29.11% | 17.88% |
| 1 year | -27.21% | 29.16% |
| 5 years (annualized) | -33.12% | 13.20% |
| 10 years (annualized) | -35.24% | 10.97% |
Monthly Returns
The table below presents the monthly returns of YANG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 29.61% | -22.78% | -8.54% | -16.78% | -45.57% | ||||||||
| 2023 | -32.63% | 44.70% | -18.41% | 12.54% | 25.52% | -16.21% | -31.48% | 34.09% | 9.19% | 10.18% | 3.00% | 4.45% | 11.95% |
| 2022 | -14.31% | 26.25% | -25.35% | 3.30% | -15.14% | -23.69% | 34.98% | -0.74% | 54.94% | 67.80% | -64.08% | -13.21% | -41.34% |
| 2021 | -20.75% | -1.10% | 8.95% | 1.45% | -1.29% | -3.78% | 38.72% | -6.42% | 12.21% | -12.69% | 13.89% | 5.63% | 25.90% |
| 2020 | 27.96% | -8.29% | -0.77% | -12.77% | -7.18% | -9.53% | -19.93% | -17.56% | 12.31% | -15.23% | -20.69% | -2.78% | -58.66% |
| 2019 | -26.98% | -4.17% | -5.20% | -1.86% | 31.51% | -18.98% | 12.77% | 13.45% | -5.55% | -9.75% | 0.68% | -22.15% | -40.71% |
| 2018 | -34.23% | 30.26% | -3.39% | 0.55% | 0.59% | 21.46% | -6.86% | 6.35% | -4.24% | 25.07% | -21.32% | 19.23% | 13.14% |
| 2017 | -15.85% | -11.95% | -3.35% | -0.91% | -12.33% | 0.86% | -19.32% | -12.15% | 0.27% | -13.26% | -3.36% | -6.17% | -64.93% |
| 2016 | 35.41% | 5.23% | -30.75% | -1.10% | -3.27% | -11.33% | -11.48% | -13.34% | -9.87% | 7.67% | -7.25% | 18.09% | -31.75% |
| 2015 | -0.09% | -17.49% | -7.45% | -39.01% | 11.87% | 12.94% | 33.15% | 33.12% | -4.16% | -23.95% | 4.92% | 9.19% | -12.99% |
| 2014 | 30.90% | -9.43% | -5.67% | 5.88% | -15.81% | -6.65% | -24.51% | -1.36% | 15.60% | -14.27% | -7.77% | -14.36% | -45.74% |
| 2013 | -8.23% | 13.56% | 2.48% | -6.88% | -7.51% | 3.66% | -26.72% | -11.91% | -26.21% | -4.21% | -16.15% | 10.14% | -59.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of YANG is 6, indicating that it is in the bottom 6% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
YANG (Direxion Daily China 3x Bear Shares)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily China 3x Bear Shares granted a 5.87% dividend yield in the last twelve months. The annual payout for that period amounted to $0.41 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.47 | $0.00 | $0.00 | $0.11 | $0.60 | $0.38 |
Dividend yield | 5.87% | 3.66% | 0.00% | 0.00% | 0.68% | 1.54% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily China 3x Bear Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | |||||||
| 2023 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.47 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2019 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.10 | $0.60 |
| 2018 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.21 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily China 3x Bear Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily China 3x Bear Shares was 99.89%, occurring on Jan 26, 2023. The portfolio has not yet recovered.
The current Direxion Daily China 3x Bear Shares drawdown is 99.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.89% | Feb 9, 2010 | 3264 | Jan 26, 2023 | — | — | — |
| -24.96% | Dec 24, 2009 | 11 | Jan 11, 2010 | 8 | Jan 22, 2010 | 19 |
| -13.84% | Feb 1, 2010 | 3 | Feb 3, 2010 | 3 | Feb 8, 2010 | 6 |
| -6.23% | Dec 9, 2009 | 4 | Dec 14, 2009 | 3 | Dec 17, 2009 | 7 |
| -3.29% | Jan 25, 2010 | 1 | Jan 25, 2010 | 1 | Jan 26, 2010 | 2 |
Volatility
Volatility Chart
The current Direxion Daily China 3x Bear Shares volatility is 23.04%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.