DRAG vs. YANG

Last updated Jun 5, 2026

DRAG (Roundhill China Dragons ETF) and YANG (Direxion Daily China 3x Bear Shares) are both exchange-traded funds - DRAG is a China Equities fund actively managed by Roundhill, while YANG is a Leveraged Equities fund tracking the FTSE China 50 Index (-300%). DRAG is actively managed, while YANG is passively managed. DRAG charges 0.59%/yr vs 1.07%/yr for YANG.

Performance

DRAG vs. YANG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill China Dragons ETF (DRAG) and Direxion Daily China 3x Bear Shares (YANG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAG

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YANG

• 1D: 0.64%
• 1M: 6.83%
• YTD: 19.18%
• 6M: 25.26%
• 1Y: -7.77%
• 3Y*: -47.00%
• 5Y*: -33.67%
• 10Y*: -38.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRAG vs. YANG - Yearly Performance Comparison

	2026 (YTD)
DRAG Roundhill China Dragons ETF	0.00%
YANG Direxion Daily China 3x Bear Shares	31.01%

Return for Risk

DRAG vs. YANG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YANG

YANG Risk / Return Rank: 9
YANG Sharpe Ratio Rank: 8
YANG Sortino Ratio Rank: 10
YANG Omega Ratio Rank: 10
YANG Calmar Ratio Rank: 7
YANG Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRAG vs. YANG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill China Dragons ETF (DRAG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DRAG	YANG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.13	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.49	—

Drawdowns

DRAG vs. YANG - Drawdown Comparison

The maximum DRAG drawdown since its inception was 0.00%, smaller than the maximum YANG drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for DRAG and YANG.

Drawdown Indicators

	DRAG	YANG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-99.98%	+99.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-38.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-94.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-97.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.53%	—
Current Drawdown Current decline from peak	0.00%	-99.97%	+99.97%
Average Drawdown Average peak-to-trough decline	0.00%	-90.52%	+90.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.39%	—

Volatility

Volatility by Period

	DRAG	YANG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	58.74%	-58.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	94.43%	-94.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	82.10%	-82.10%

DRAG vs. YANG - Expense Ratio Comparison

DRAG has a 0.59% expense ratio, which is lower than YANG's 1.07% expense ratio.

Dividends

DRAG vs. YANG - Dividend Comparison

DRAG has not paid dividends to shareholders, while YANG's dividend yield for the trailing twelve months is around 3.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRAG Roundhill China Dragons ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YANG Direxion Daily China 3x Bear Shares	3.43%	4.03%	9.42%	3.66%	0.00%	0.00%	0.67%	1.54%	0.56%

Frequently Asked Questions

Which ETF is better, DRAG or YANG?

On fees, DRAG is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAG or YANG?

DRAG is cheaper with a 0.59% expense ratio, compared with 1.07% for YANG.

Which ETF pays a higher dividend yield, DRAG or YANG?

YANG has the higher dividend yield at 3.43%, compared with 0.00% for DRAG.

What is the main difference between DRAG and YANG?

DRAG is categorized as China Equities, while YANG is Leveraged Equities. They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.59% for DRAG and 1.07% for YANG.