AAPD vs. YXI
AAPD (Direxion Daily AAPL Bear 1X Shares) and YXI (ProShares Short FTSE China 50) are both exchange-traded funds - AAPD is a Inverse Equities fund tracking the Apple Inc. (-100%), while YXI is a China Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 3 years, AAPD returned -16.55%/yr vs -10.31%/yr for YXI. Their 0.25 correlation means their historical movements had little consistent relationship. AAPD charges 1.06%/yr vs 0.95%/yr for YXI.
Performance
AAPD vs. YXI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAPD achieves a -13.18% return, which is significantly lower than YXI's 5.63% return.
AAPD
- 1D
- -1.92%
- 1M
- -1.06%
- 6M
- -13.97%
- YTD
- -13.18%
- 1Y
- -34.80%
- 3Y*
- -16.55%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -15.73%
YXI
- 1D
- 0.58%
- 1M
- -12.38%
- 6M
- 6.78%
- YTD
- 5.63%
- 1Y
- 4.09%
- 3Y*
- -10.31%
- 5Y*
- -5.27%
- 10Y*
- -7.71%
- ALL TIME*
- -8.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $133.85M | $121.65M | $106.46M | |
| $23.14K | $29.95K | $34.52K |
AAPD vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | -13.18% | -11.41% | -21.45% | -30.42% | 20.24% |
YXI ProShares Short FTSE China 50 | 5.63% | -22.87% | -25.36% | 12.40% | -1.76% |
Correlation
The correlation between AAPD and YXI is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.25 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAPD vs. YXI — Risk / Return Rank
AAPD
YXI
AAPD vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bear 1X Shares (AAPD) and ProShares Short FTSE China 50 (YXI). 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.
| AAPD | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.05 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.30 | -1.16 |
| Martin ratioReturn relative to average drawdown | -1.38 | 0.77 | -2.15 |
Loading charts...
Drawdowns
AAPD vs. YXI - Drawdown Comparison
The maximum AAPD drawdown since its inception was -63.02%, smaller than the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for AAPD and YXI.
Loading charts...
Drawdown Indicators
| AAPD | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.02% | -81.15% | +18.13% |
Max Drawdown (1Y)Largest decline over 1 year | -40.60% | -13.55% | -27.05% |
Max Drawdown (3Y)Largest decline over 3 years | -53.16% | -53.12% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.63% | — |
Current DrawdownCurrent decline from peak | -59.53% | -78.43% | +18.90% |
Average DrawdownAverage peak-to-trough decline | -35.21% | -54.52% | +19.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.30% | 5.32% | +19.98% |
Volatility
AAPD vs. YXI - Volatility Comparison
Direxion Daily AAPL Bear 1X Shares (AAPD) has a higher volatility of 10.59% compared to ProShares Short FTSE China 50 (YXI) at 6.80%. This indicates that AAPD's price experiences larger fluctuations and is considered to be riskier than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAPD | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.59% | 6.80% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 20.23% | 15.85% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.84% | 21.09% | +4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.45% | 31.28% | -3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.45% | 27.48% | -0.03% |
AAPD vs. YXI - Expense Ratio Comparison
AAPD has a 1.06% expense ratio, which is higher than YXI's 0.95% expense ratio.
Dividends
AAPD vs. YXI - Dividend Comparison
AAPD's dividend yield for the trailing twelve months is around 3.52%, more than YXI's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | 3.52% | 3.60% | 4.55% | 4.37% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
YXI ProShares Short FTSE China 50 | 2.69% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
AAPD and YXI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPD has higher volatility (10.59%) compared to YXI (6.80%). In terms of maximum drawdown, AAPD dropped -63.02% vs YXI's -81.15%.
On 3-year performance, YXI leads with -10.31% vs -16.55% for AAPD. On fees, YXI is cheaper at 0.95% per year. On volatility, YXI has been the lower-risk option at 6.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YXI has performed better with a -10.31% return vs -16.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YXI is cheaper with a 0.95% expense ratio, compared with 1.06% for AAPD.
AAPD has the higher dividend yield at 3.52%, compared with 2.69% for YXI.
AAPD is categorized as Inverse Equities, while YXI is China Equities. AAPD tracks Apple Inc. (-100%), while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.06% for AAPD and 0.95% for YXI.
YXI currently has the higher Sharpe Ratio (0.20 vs -1.35), 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.
Find the right allocation for AAPD and YXI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer