CHAU vs. YINN
Compare and contrast key facts about Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) and Direxion Daily China 3x Bull Shares (YINN).
CHAU and YINN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHAU is a passively managed fund by Direxion that tracks the performance of the CSI 300 Index (200%). It was launched on Apr 16, 2015. YINN is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (300%). It was launched on Dec 3, 2009. Both CHAU and YINN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHAU or YINN.
Key characteristics
| CHAU | YINN | |
|---|---|---|
| YTD Return | 20.61% | 35.64% |
| 1Y Return | 10.43% | 3.49% |
| 3Y Return (Ann) | -23.31% | -50.21% |
| 5Y Return (Ann) | -3.84% | -39.05% |
| Sharpe Ratio | 0.22 | 0.10 |
| Sortino Ratio | 0.78 | 0.89 |
| Omega Ratio | 1.12 | 1.11 |
| Calmar Ratio | 0.17 | 0.10 |
| Martin Ratio | 0.75 | 0.30 |
| Ulcer Index | 18.08% | 33.14% |
| Daily Std Dev | 61.03% | 97.92% |
| Max Drawdown | -79.21% | -98.87% |
| Current Drawdown | -69.09% | -97.71% |
Correlation
The correlation between CHAU and YINN is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CHAU vs. YINN - Performance Comparison
In the year-to-date period, CHAU achieves a 20.61% return, which is significantly lower than YINN's 35.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CHAU vs. YINN - Expense Ratio Comparison
CHAU has a 1.21% expense ratio, which is lower than YINN's 1.52% expense ratio.
Risk-Adjusted Performance
CHAU vs. YINN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) 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.
Dividends
CHAU vs. YINN - Dividend Comparison
CHAU's dividend yield for the trailing twelve months is around 2.51%, more than YINN's 2.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 2.51% | 3.97% | 0.77% | 1.73% | 0.09% | 0.57% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% |
YINN Direxion Daily China 3x Bull Shares | 2.10% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% |
Drawdowns
CHAU vs. YINN - Drawdown Comparison
The maximum CHAU drawdown since its inception was -79.21%, smaller than the maximum YINN drawdown of -98.87%. Use the drawdown chart below to compare losses from any high point for CHAU and YINN. For additional features, visit the drawdowns tool.
Volatility
CHAU vs. YINN - Volatility Comparison
The current volatility for Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) is 23.26%, while Direxion Daily China 3x Bull Shares (YINN) has a volatility of 34.21%. This indicates that CHAU 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.