ECNS vs. YINN

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI China Small-Cap ETF (ECNS) and Direxion Daily China 3x Bull Shares (YINN).

ECNS and YINN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ECNS is a passively managed fund by iShares that tracks the performance of the MSCI China Small Cap Index. It was launched on Sep 28, 2010. 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 ECNS 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.

Performance

ECNS vs. YINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China Small-Cap ETF (ECNS) and Direxion Daily China 3x Bull Shares (YINN). The values are adjusted to include any dividend payments, if applicable.

ECNS vs. YINN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ECNS iShares MSCI China Small-Cap ETF	1.03%	36.49%	5.64%	-23.05%	-24.58%	2.11%	25.42%	7.84%	-18.27%	27.55%
YINN Direxion Daily China 3x Bull Shares	-24.84%	54.21%	36.06%	-53.08%	-71.97%	-58.56%	-7.75%	28.92%	-48.47%	129.79%

Returns By Period

In the year-to-date period, ECNS achieves a 1.03% return, which is significantly higher than YINN's -24.84% return. Over the past 10 years, ECNS has outperformed YINN with an annualized return of 2.41%, while YINN has yielded a comparatively lower -18.56% annualized return.

ECNS

• 1D: 1.81%
• 1M: -6.73%
• YTD: 1.03%
• 6M: -12.80%
• 1Y: 25.53%
• 3Y*: 5.23%
• 5Y*: -5.25%
• 10Y*: 2.41%

YINN

• 1D: -2.62%
• 1M: -12.56%
• YTD: -24.84%
• 6M: -41.84%
• 1Y: -21.62%
• 3Y*: -10.54%
• 5Y*: -38.80%
• 10Y*: -18.56%

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

ECNS vs. YINN - Expense Ratio Comparison

ECNS has a 0.59% expense ratio, which is lower than YINN's 1.52% expense ratio.

YINN

Direxion Daily China 3x Bull Shares

ECNS

iShares MSCI China Small-Cap ETF

Return for Risk

ECNS vs. YINN — Risk / Return Rank

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

ECNS

ECNS Risk / Return Rank: 51
ECNS Sharpe Ratio Rank: 54
ECNS Sortino Ratio Rank: 51
ECNS Omega Ratio Rank: 55
ECNS Calmar Ratio Rank: 59
ECNS Martin Ratio Rank: 37

YINN

YINN Risk / Return Rank: 7
YINN Sharpe Ratio Rank: 7
YINN Sortino Ratio Rank: 10
YINN Omega Ratio Rank: 10
YINN Calmar Ratio Rank: 4
YINN Martin Ratio Rank: 3

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.

ECNS vs. YINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Small-Cap ETF (ECNS) 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.

	ECNS	YINN	Difference
Sharpe ratio Return per unit of total volatility	1.02	-0.30	+1.32
Sortino ratio Return per unit of downside risk	1.42	0.04	+1.38
Omega ratio Gain probability vs. loss probability	1.21	1.01	+0.21
Calmar ratio Return relative to maximum drawdown	1.59	-0.47	+2.07
Martin ratio Return relative to average drawdown	3.54	-1.13	+4.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECNS vs. YINN - Sharpe Ratio Comparison

The current ECNS Sharpe Ratio is 1.02, which is higher than the YINN Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of ECNS and YINN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ECNS	YINN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	-0.30	+1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	-0.41	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	-0.23	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-0.22	+0.26

Correlation

The correlation between ECNS 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.

Dividends

ECNS vs. YINN - Dividend Comparison

ECNS's dividend yield for the trailing twelve months is around 6.14%, more than YINN's 1.33% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECNS iShares MSCI China Small-Cap ETF	6.14%	6.20%	5.98%	4.89%	3.54%	4.87%	3.59%	3.23%	6.16%	3.18%	4.29%	3.58%
YINN Direxion Daily China 3x Bull Shares	1.33%	1.12%	1.81%	4.17%	1.16%	0.73%	0.76%	1.38%	1.02%	1.11%	0.00%	0.00%

Drawdowns

ECNS vs. YINN - Drawdown Comparison

The maximum ECNS drawdown since its inception was -63.43%, smaller than the maximum YINN drawdown of -98.87%. Use the drawdown chart below to compare losses from any high point for ECNS and YINN.

Drawdown Indicators

	ECNS	YINN	Difference
Max Drawdown Largest peak-to-trough decline	-63.43%	-98.87%	+35.44%
Max Drawdown (1Y) Largest decline over 1 year	-16.93%	-46.61%	+29.68%
Max Drawdown (5Y) Largest decline over 5 years	-59.61%	-96.42%	+36.81%
Max Drawdown (10Y) Largest decline over 10 years	-63.43%	-98.59%	+35.16%
Current Drawdown Current decline from peak	-34.96%	-97.33%	+62.37%
Average Drawdown Average peak-to-trough decline	-29.33%	-68.17%	+38.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.63%	19.65%	-12.02%

Volatility

ECNS vs. YINN - Volatility Comparison

The current volatility for iShares MSCI China Small-Cap ETF (ECNS) is 5.98%, while Direxion Daily China 3x Bull Shares (YINN) has a volatility of 19.90%. This indicates that ECNS 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.

Volatility by Period

	ECNS	YINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	19.90%	-13.92%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	43.88%	-28.67%
Volatility (1Y) Calculated over the trailing 1-year period	25.26%	71.63%	-46.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.43%	94.09%	-64.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.05%	81.89%	-55.84%