IFED vs. YINN

Last updated Jun 4, 2026

IFED (ETRACS IFED Invest with the Fed TR Index ETN) and YINN (Direxion Daily China 3x Bull Shares) are both Leveraged Equities funds - IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross while YINN tracks the FTSE China 50 Index (300%). Both are passively managed. Over the past 3 years, IFED returned 16.71%/yr vs -2.89%/yr for YINN. At a 0.36 correlation, their price movements are largely independent. IFED charges 0.45%/yr vs 1.52%/yr for YINN.

Performance

IFED vs. YINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS IFED Invest with the Fed TR Index ETN (IFED) and Direxion Daily China 3x Bull Shares (YINN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFED achieves a -3.52% return, which is significantly higher than YINN's -27.88% return.

IFED

• 1D: -1.24%
• 1M: 4.85%
• YTD: -3.52%
• 6M: -3.51%
• 1Y: 1.97%
• 3Y*: 16.71%
• 5Y*: —
• 10Y*: —

YINN

• 1D: -6.72%
• 1M: -10.09%
• YTD: -27.88%
• 6M: -31.54%
• 1Y: -16.05%
• 3Y*: -2.89%
• 5Y*: -38.62%
• 10Y*: -18.76%

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

IFED vs. YINN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.52%	15.02%	23.04%	20.78%	-1.46%	8.46%
YINN Direxion Daily China 3x Bull Shares	-27.88%	54.21%	36.06%	-53.08%	-71.97%	-27.37%

Correlation

The correlation between IFED and YINN is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.36

Return for Risk

IFED vs. YINN — Risk / Return Rank

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

IFED

IFED Risk / Return Rank: 10
IFED Sharpe Ratio Rank: 10
IFED Sortino Ratio Rank: 10
IFED Omega Ratio Rank: 10
IFED Calmar Ratio Rank: 10
IFED Martin Ratio Rank: 10

YINN

YINN Risk / Return Rank: 6
YINN Sharpe Ratio Rank: 6
YINN Sortino Ratio Rank: 7
YINN Omega Ratio Rank: 7
YINN Calmar Ratio Rank: 6
YINN Martin Ratio Rank: 6

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.

IFED vs. YINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS IFED Invest with the Fed TR Index ETN (IFED) 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.

	IFED	YINN	Difference
Sharpe ratio: Return per unit of total volatility	0.12	-0.27	+0.40
Sortino ratio: Return per unit of downside risk	0.29	-0.01	+0.30
Omega ratio: Gain probability vs. loss probability	1.04	1.00	+0.04
Calmar ratio: Return relative to maximum drawdown	0.14	-0.34	+0.47
Martin ratio: Return relative to average drawdown	0.34	-0.66	+1.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFED vs. YINN - Sharpe Ratio Comparison

The current IFED Sharpe Ratio is 0.12, which is higher than the YINN Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of IFED and YINN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IFED	YINN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	-0.27	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	-0.22	+0.87

Drawdowns

IFED vs. YINN - Drawdown Comparison

The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum YINN drawdown of -98.87%. Use the drawdown chart below to compare losses from any high point for IFED and YINN.

Drawdown Indicators

	IFED	YINN	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-98.87%	+76.51%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	-47.74%	+33.09%
Max Drawdown (3Y) Largest decline over 3 years	-22.36%	-69.08%	+46.72%
Max Drawdown (5Y) Largest decline over 5 years	—	-96.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.59%	—
Current Drawdown Current decline from peak	-5.50%	-97.44%	+91.94%
Average Drawdown Average peak-to-trough decline	-5.84%	-68.47%	+62.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.75%	24.22%	-18.47%

Volatility

IFED vs. YINN - Volatility Comparison

The current volatility for ETRACS IFED Invest with the Fed TR Index ETN (IFED) is 4.50%, while Direxion Daily China 3x Bull Shares (YINN) has a volatility of 21.19%. This indicates that IFED 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

	IFED	YINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	21.19%	-16.69%
Volatility (6M) Calculated over the trailing 6-month period	12.86%	42.61%	-29.75%
Volatility (1Y) Calculated over the trailing 1-year period	16.21%	58.82%	-42.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	94.20%	-74.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.88%	81.79%	-61.91%

IFED vs. YINN - Expense Ratio Comparison

IFED has a 0.45% expense ratio, which is lower than YINN's 1.52% expense ratio.

Dividends

IFED vs. YINN - Dividend Comparison

IFED has not paid dividends to shareholders, while YINN's dividend yield for the trailing twelve months is around 1.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YINN Direxion Daily China 3x Bull Shares	1.38%	1.12%	1.81%	4.17%	1.16%	0.73%	0.76%	1.38%	1.02%	1.11%

Frequently Asked Questions

Can I hold both IFED and YINN in my portfolio?

IFED and YINN have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFED or YINN?

YINN has higher volatility (21.19%) compared to IFED (4.50%). In terms of maximum drawdown, IFED dropped -22.36% vs YINN's -98.87%.

Which ETF is better, IFED or YINN?

On 3-year performance, IFED leads with 16.71% vs -2.89% for YINN. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IFED or YINN?

Over the 3-year period, IFED has performed better with a 16.71% return vs -2.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFED or YINN?

IFED is cheaper with a 0.45% expense ratio, compared with 1.52% for YINN.

Which ETF pays a higher dividend yield, IFED or YINN?

YINN has the higher dividend yield at 1.38%, compared with 0.00% for IFED.

What is the main difference between IFED and YINN?

IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross, while YINN tracks FTSE China 50 Index (300%). They also come from different issuers: UBS and Direxion. Their fees differ too: 0.45% for IFED and 1.52% for YINN.

Which has better risk-adjusted returns?

IFED currently has the higher Sharpe Ratio (0.12 vs -0.27), 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.