ISVBF vs. YANG
ISVBF (iShares MSCI China A UCITS ETF) and YANG (Direxion Daily China 3x Bear Shares) are both exchange-traded funds - ISVBF is a China Equities fund tracking the MSCI China A Inclusion Index, while YANG is a Leveraged Equities fund tracking the FTSE China 50 Index (-300%). Both are passively managed. Over the past 5 years, ISVBF returned -5.62%/yr vs -33.67%/yr for YANG. At a correlation of -0.34, they often move in opposite directions. ISVBF charges 0.40%/yr vs 1.07%/yr for YANG.
Performance
ISVBF vs. YANG - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -8.72% return, which is significantly lower than YANG's 19.18% return.
ISVBF
- 1D
- -2.42%
- 1M
- -4.76%
- YTD
- -8.72%
- 6M
- -10.61%
- 1Y
- 2.82%
- 3Y*
- 9.05%
- 5Y*
- -5.62%
- 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%
ISVBF vs. YANG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -8.72% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
YANG Direxion Daily China 3x Bear Shares | 19.18% | -62.77% | -71.41% | 11.95% | -41.34% | 40.96% |
Correlation
The correlation between ISVBF and YANG is -0.67, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.34 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | -0.34 |
Over the past year, the inverse relationship between ISVBF and YANG has strengthened: their correlation has moved from -0.34 to -0.67, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
ISVBF vs. YANG — Risk / Return Rank
ISVBF
YANG
ISVBF vs. YANG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) 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.
| ISVBF | YANG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.03 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | -0.20 | +0.35 |
| Martin ratioReturn relative to average drawdown | 0.34 | -0.32 | +0.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ISVBF | YANG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | -0.13 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.36 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | -0.49 | +0.32 |
Drawdowns
ISVBF vs. YANG - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum YANG drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for ISVBF and YANG.
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Drawdown Indicators
| ISVBF | YANG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -99.98% | +46.20% |
Max Drawdown (1Y)Largest decline over 1 year | -19.18% | -38.85% | +19.67% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -94.02% | +70.25% |
Max Drawdown (5Y)Largest decline over 5 years | -53.22% | -97.38% | +44.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.53% | — |
Current DrawdownCurrent decline from peak | -26.01% | -99.97% | +73.96% |
Average DrawdownAverage peak-to-trough decline | -32.76% | -90.52% | +57.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.28% | 24.39% | -16.11% |
Volatility
ISVBF vs. YANG - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (ISVBF) is 11.06%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 21.22%. This indicates that ISVBF 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
| ISVBF | YANG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.06% | 21.22% | -10.16% |
Volatility (6M)Calculated over the trailing 6-month period | 26.63% | 42.61% | -15.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.67% | 58.74% | -28.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.21% | 94.43% | -64.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.21% | 82.10% | -51.89% |
ISVBF vs. YANG - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than YANG's 1.07% expense ratio.
Dividends
ISVBF vs. YANG - Dividend Comparison
ISVBF 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 |
|---|---|---|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS 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
ISVBF and YANG have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YANG has higher volatility (21.22%) compared to ISVBF (11.06%). In terms of maximum drawdown, ISVBF dropped -53.78% vs YANG's -99.98%.
On 5-year performance, ISVBF leads with -5.62% vs -33.67% for YANG. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 11.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -5.62% return vs -33.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 1.07% for YANG.
YANG has the higher dividend yield at 3.43%, compared with 0.00% for ISVBF.
ISVBF is categorized as China Equities, while YANG is Leveraged Equities. ISVBF tracks MSCI China A Inclusion Index, while YANG tracks FTSE China 50 Index (-300%). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.40% for ISVBF and 1.07% for YANG.
ISVBF currently has the higher Sharpe Ratio (0.09 vs -0.13), 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.
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