CNYA vs. YANG
Compare and contrast key facts about iShares MSCI China A ETF (CNYA) and Direxion Daily China 3x Bear Shares (YANG).
CNYA and YANG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. YANG 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 CNYA and YANG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CNYA vs. YANG - Performance Comparison
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CNYA vs. YANG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | -1.50% | 26.48% | 10.78% | -13.76% | -26.51% | 3.53% | 41.54% | 35.95% | -26.56% | 30.99% |
YANG Direxion Daily China 3x Bear Shares | 20.02% | -62.77% | -71.41% | 11.95% | -41.34% | 25.90% | -58.66% | -40.72% | 13.14% | -64.93% |
Returns By Period
In the year-to-date period, CNYA achieves a -1.50% return, which is significantly lower than YANG's 20.02% return.
CNYA
- 1D
- -0.58%
- 1M
- -2.41%
- YTD
- -1.50%
- 6M
- 0.29%
- 1Y
- 24.54%
- 3Y*
- 3.95%
- 5Y*
- -1.54%
- 10Y*
- —
YANG
- 1D
- 2.68%
- 1M
- 9.80%
- YTD
- 20.02%
- 6M
- 44.40%
- 1Y
- -22.06%
- 3Y*
- -43.56%
- 5Y*
- -33.55%
- 10Y*
- -39.11%
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CNYA vs. YANG - Expense Ratio Comparison
CNYA has a 0.60% expense ratio, which is lower than YANG's 1.07% expense ratio.
Return for Risk
CNYA vs. YANG — Risk / Return Rank
CNYA
YANG
CNYA vs. YANG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) and Direxion Daily China 3x Bear Shares (YANG). 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.
| CNYA | YANG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | -0.31 | +1.62 |
Sortino ratioReturn per unit of downside risk | 1.79 | 0.01 | +1.79 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.00 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | -0.32 | +2.45 |
Martin ratioReturn relative to average drawdown | 9.10 | -0.38 | +9.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNYA | YANG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | -0.31 | +1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | -0.36 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.49 | +0.72 |
Correlation
The correlation between CNYA and YANG is -0.70. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
CNYA vs. YANG - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 1.95%, less than YANG's 3.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.95% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
YANG Direxion Daily China 3x Bear Shares | 3.40% | 4.03% | 9.42% | 3.66% | 0.00% | 0.00% | 0.67% | 1.54% | 0.56% | 0.00% | 0.00% |
Drawdowns
CNYA vs. YANG - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, smaller than the maximum YANG drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for CNYA and YANG.
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Drawdown Indicators
| CNYA | YANG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.49% | -99.98% | +50.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -68.02% | +57.39% |
Max Drawdown (5Y)Largest decline over 5 years | -45.11% | -97.38% | +52.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.60% | — |
Current DrawdownCurrent decline from peak | -21.97% | -99.97% | +78.00% |
Average DrawdownAverage peak-to-trough decline | -20.77% | -90.42% | +69.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 57.00% | -54.31% |
Volatility
CNYA vs. YANG - Volatility Comparison
The current volatility for iShares MSCI China A ETF (CNYA) is 4.85%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 19.60%. This indicates that CNYA experiences smaller price fluctuations and is considered to be less risky than YANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYA | YANG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 19.60% | -14.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 43.29% | -31.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 71.59% | -52.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 94.39% | -70.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.59% | 82.22% | -58.63% |