Highlights
- Avg. Volume (1M)
- 716K
- Avg. Volume Value (1M)
- $22.59M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
YANG Performance Chart
Direxion Daily China 3x Bear Shares (YANG) is up 5.4% since the beginning of the year. YANG is currently trading at $26 per share. Investors who bought $1,000 worth of YANG shares 5 years ago would now be looking at an investment worth $81.
Loading charts...
Compare this symbol against anything
Returns By Period
Direxion Daily China 3x Bear Shares (YANG) has returned 5.40% so far this year and -11.44% over the past 12 months. Over the last ten years, YANG has returned -38.18% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Direxion Daily China 3x Bear Shares
- 1D
- -0.08%
- 1M
- -34.03%
- 6M
- 19.25%
- YTD
- 5.40%
- 1Y
- -11.44%
- 3Y*
- -43.40%
- 5Y*
- -39.47%
- 10Y*
- -38.18%
- ALL TIME*
- -38.42%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
YANG Monthly Returns History
Based on dividend-adjusted daily data since Dec 3, 2009, YANG's average daily return is -0.07%, while the average monthly return is -2.12%.
Historically, 39% of months were positive and 62% were negative. The best month was Sep 2011 with a return of +71.2%, while the worst month was Nov 2022 at -64.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, YANG closed higher 49% of trading days. The best single day was Oct 8, 2024 with a return of +36.0%, while the worst single day was Mar 16, 2022 at -63.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -11.61% | 19.71% | 10.48% | -6.73% | 14.24% | 31.86% | -35.83% | 5.40% | |||||
| 2025 | -14.53% | -27.70% | -7.85% | 6.39% | -10.66% | -17.91% | -5.03% | -11.62% | -15.67% | 8.79% | 1.50% | 7.18% | -62.77% |
| 2024 | 29.61% | -22.78% | -8.54% | -16.78% | -14.58% | 7.22% | 3.09% | -8.67% | -48.81% | -11.30% | 7.26% | -10.64% | -71.41% |
| 2023 | -32.63% | 44.69% | -18.41% | 12.54% | 25.52% | -16.21% | -31.48% | 34.09% | 9.18% | 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% |
Benchmark Metrics
Direxion Daily China 3x Bear Shares has an annualized alpha of 19.79%, beta of -2.68, and R2 of 0.34 versus S&P 500 Index. Calculated based on daily prices since December 03, 2009.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -221.26%), but participation in market rallies was also limited (-133.64%) - a profile typical of counter-cyclical assets.
- Beta of -2.68 may look defensive, but with R2 of 0.34 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.34 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 19.79%
- Beta
- -2.68
- R²
- 0.34
- Upside Capture
- -133.64%
- Downside Capture
- -221.26%
Expense Ratio
YANG has a high expense ratio of 1.07%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
YANG ranks 10 for risk / return — above 10% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| YANG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.25 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.00 | -2.20 |
| Martin ratioReturn relative to average drawdown | -0.37 | 8.49 | -8.86 |
Dividends
Dividend History
Direxion Daily China 3x Bear Shares provided a 3.50% dividend yield over the last twelve months, with an annual payout of $0.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.91 | $1.01 | $6.59 | $9.37 | $0.00 | $0.00 | $2.17 | $12.02 | $7.52 |
Dividend yield | 3.50% | 4.03% | 9.42% | 3.66% | 0.00% | 0.00% | 0.67% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.16 | $0.00 | $0.42 | |||||
| 2025 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.29 | $1.01 |
| 2024 | $0.00 | $0.00 | $1.91 | $0.00 | $0.00 | $2.32 | $0.00 | $0.00 | $1.63 | $0.00 | $0.00 | $0.74 | $6.59 |
| 2023 | $0.00 | $0.00 | $3.17 | $0.00 | $0.00 | $1.59 | $0.00 | $0.00 | $1.80 | $0.00 | $0.00 | $2.81 | $9.37 |
| 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 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
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 99.98%, occurring on Oct 2, 2025. The portfolio has not yet recovered.
The current Direxion Daily China 3x Bear Shares drawdown is 99.98%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-99.98%Oct 2025 | 15y 7mo | — | 16y 5moFeb 2010 - now | — |
-24.96%Jan 2010 | 18d | 11d | 29dDec 2009 - Jan 2010 | — |
-13.84%Feb 2010 | 2d | 5d | 7dFeb 2010 - Feb 2010 | — |
-6.23%Dec 2009 | 5d | 3d | 8dDec 2009 - Dec 2009 | Financial crisis2007–2009 |
-3.29%Jan 2010 | 1d | 1d | 1dJan 2010 - Jan 2010 | — |
Drawdown Indicators
| YANG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -56.78% | -43.20% |
Max Drawdown (1Y)Largest decline over 1 year | -35.83% | -9.10% | -26.73% |
Max Drawdown (3Y)Largest decline over 3 years | -94.02% | -18.90% | -75.12% |
Max Drawdown (5Y)Largest decline over 5 years | -97.38% | -25.43% | -71.95% |
Max Drawdown (10Y)Largest decline over 10 years | -99.36% | -33.92% | -65.44% |
Current DrawdownCurrent decline from peak | -99.98% | -1.58% | -98.40% |
Average DrawdownAverage peak-to-trough decline | -90.59% | -10.70% | -79.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.03% | 2.14% | +16.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with YANG
Add Direxion Daily China 3x Bear Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with YANG