ISVBF vs. YANG
ISVBF (iShares MSCI China A UCITS ETF) and YANG (Direxion Daily China 3x Bear Shares) are both China Equities funds - ISVBF tracks the MSCI China A Inclusion Index while YANG tracks the FTSE China 50 Index (-300%). Both are passively managed. Over the past 5 years, ISVBF returned -2.48%/yr vs -38.87%/yr for YANG. Their -0.35 correlation means they have often moved in opposite directions in the past. 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 -6.75% return, which is significantly lower than YANG's 7.29% return.
ISVBF
- 1D
- -0.66%
- 1M
- 9.06%
- 6M
- -8.63%
- YTD
- -6.75%
- 1Y
- -0.99%
- 3Y*
- 8.45%
- 5Y*
- -2.48%
- 10Y*
- —
- ALL TIME*
- -4.43%
YANG
- 1D
- 1.29%
- 1M
- -32.85%
- 6M
- 13.14%
- YTD
- 7.29%
- 1Y
- -5.20%
- 3Y*
- -43.95%
- 5Y*
- -38.87%
- 10Y*
- -37.67%
- ALL TIME*
- -38.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $147.49K | $255.95K | $315.23K | |
| $19.13M | $21.81M | $28.25M |
ISVBF vs. YANG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -6.75% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
YANG Direxion Daily China 3x Bear Shares | 7.29% | -62.77% | -71.41% | 11.95% | -41.34% | 38.93% |
Correlation
The correlation between ISVBF and YANG is -0.67, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.67 |
Correlation (3Y) Balances recent behavior with more history. | -0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.36 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | -0.35 |
Over the past year, the inverse relationship between ISVBF and YANG has strengthened: their correlation has moved from -0.35 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISVBF | YANG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.15 | +0.10 |
| Martin ratioReturn relative to average drawdown | -0.09 | -0.30 | +0.21 |
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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 | -24.14% | -35.83% | +11.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.14% | -94.02% | +69.88% |
Max Drawdown (5Y)Largest decline over 5 years | -46.06% | -97.38% | +51.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.35% | — |
Current DrawdownCurrent decline from peak | -24.42% | -99.98% | +75.56% |
Average DrawdownAverage peak-to-trough decline | -32.57% | -90.59% | +58.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 17.35% | -6.12% |
Volatility
ISVBF vs. YANG - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (ISVBF) is 6.46%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 15.60%. 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 | 6.46% | 15.60% | -9.14% |
Volatility (6M)Calculated over the trailing 6-month period | 26.45% | 42.46% | -16.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.60% | 59.90% | -28.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.08% | 93.73% | -63.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.06% | 81.93% | -51.87% |
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 3.44%.
| 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 | 3.44% | 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 (15.60%) compared to ISVBF (6.46%). In terms of maximum drawdown, ISVBF dropped -53.78% vs YANG's -99.98%.
On 5-year performance, ISVBF leads with -2.48% vs -38.87% for YANG. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 6.46%. 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 -2.48% return vs -38.87%. 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 3.44%, compared with 0.00% for ISVBF.
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 (-0.03 vs -0.09), 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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