^SSEC vs. YINN
^SSEC (Shanghai Composite) is an index, while YINN (Direxion Daily China 3x Bull Shares) is Leveraged Equities fund tracking the FTSE China 50 Index (300%). Over the past 10 years, ^SSEC returned 3.30%/yr vs -19.04%/yr for YINN. At a 0.38 correlation, their price movements are largely independent.
Performance
^SSEC vs. YINN - Performance Comparison
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Different Trading Currencies
^SSEC is traded in CNY, while YINN is traded in USD. To make them comparable, the YINN values have been converted to CNY using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^SSEC achieves a 2.24% return, which is significantly higher than YINN's -41.17% return. Over the past 10 years, ^SSEC has outperformed YINN with an annualized return of 3.30%, while YINN has yielded a comparatively lower -19.04% annualized return.
^SSEC
- 1D
- -0.64%
- 1M
- -1.34%
- YTD
- 2.24%
- 6M
- 4.30%
- 1Y
- 20.77%
- 3Y*
- 7.87%
- 5Y*
- 2.47%
- 10Y*
- 3.30%
YINN
- 1D
- 1.08%
- 1M
- -16.49%
- YTD
- -41.17%
- 6M
- -43.39%
- 1Y
- -34.18%
- 3Y*
- -8.11%
- 5Y*
- -39.42%
- 10Y*
- -19.04%
^SSEC vs. YINN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^SSEC Shanghai Composite | 2.24% | 18.41% | 12.67% | -3.70% | -15.13% | 4.80% | 13.87% | 22.30% | -24.59% | 6.56% |
YINN Direxion Daily China 3x Bull Shares | -41.17% | 47.74% | 39.92% | -51.72% | -69.57% | -59.65% | -13.54% | 30.54% | -45.55% | 115.34% |
Correlation
The correlation between ^SSEC and YINN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2009 | 0.38 |
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Return for Risk
^SSEC vs. YINN — Risk / Return Rank
^SSEC
YINN
^SSEC vs. YINN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shanghai Composite (^SSEC) and Direxion Daily China 3x Bull Shares (YINN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ^SSEC | YINN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.93 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | -0.60 | +2.98 |
| Martin ratioReturn relative to average drawdown | 8.63 | -1.22 | +9.85 |
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Drawdowns
^SSEC vs. YINN - Drawdown Comparison
The maximum ^SSEC drawdown since its inception was -78.27%, smaller than the maximum YINN drawdown of -98.69%. Use the drawdown chart below to compare losses from any high point for ^SSEC and YINN.
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Drawdown Indicators
| ^SSEC | YINN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.27% | -98.69% | +20.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -56.89% | +48.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | -68.86% | +50.97% |
Max Drawdown (5Y)Largest decline over 5 years | -27.27% | -95.85% | +68.58% |
Max Drawdown (10Y)Largest decline over 10 years | -30.77% | -98.39% | +67.62% |
Current DrawdownCurrent decline from peak | -33.39% | -97.65% | +64.26% |
Average DrawdownAverage peak-to-trough decline | -39.93% | -68.13% | +28.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 27.98% | -25.58% |
Volatility
^SSEC vs. YINN - Volatility Comparison
The current volatility for Shanghai Composite (^SSEC) is 3.92%, while Direxion Daily China 3x Bull Shares (YINN) has a volatility of 17.44%. This indicates that ^SSEC experiences smaller price fluctuations and is considered to be less risky than YINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^SSEC | YINN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 17.44% | -13.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 43.28% | -33.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 58.53% | -46.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 93.06% | -77.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 80.64% | -64.41% |
Frequently Asked Questions
^SSEC and YINN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YINN has higher volatility (17.44%) compared to ^SSEC (3.92%). In terms of maximum drawdown, ^SSEC dropped -78.27% vs YINN's -98.69%.
^SSEC currently has the higher Sharpe Ratio (1.68 vs -0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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