KWEB vs. YINN
Compare and contrast key facts about KraneShares CSI China Internet ETF (KWEB) and Direxion Daily China 3x Bull Shares (YINN).
KWEB and YINN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. 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 KWEB 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KWEB or YINN.
Performance
KWEB vs. YINN - Performance Comparison
Returns By Period
In the year-to-date period, KWEB achieves a 15.56% return, which is significantly lower than YINN's 37.91% return. Over the past 10 years, KWEB has outperformed YINN with an annualized return of -0.21%, while YINN has yielded a comparatively lower -25.81% annualized return.
KWEB
15.56%
-3.14%
1.46%
13.47%
-5.52%
-0.21%
YINN
37.91%
-15.67%
-1.49%
11.34%
-39.01%
-25.81%
Key characteristics
| KWEB | YINN | |
|---|---|---|
| Sharpe Ratio | 0.28 | 0.05 |
| Sortino Ratio | 0.70 | 0.82 |
| Omega Ratio | 1.08 | 1.10 |
| Calmar Ratio | 0.14 | 0.05 |
| Martin Ratio | 0.84 | 0.16 |
| Ulcer Index | 12.66% | 30.86% |
| Daily Std Dev | 38.21% | 96.76% |
| Max Drawdown | -80.92% | -98.87% |
| Current Drawdown | -67.12% | -97.67% |
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KWEB vs. YINN - Expense Ratio Comparison
KWEB has a 0.76% expense ratio, which is lower than YINN's 1.52% expense ratio.
Correlation
The correlation between KWEB and YINN is 0.80, 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.
Risk-Adjusted Performance
KWEB vs. YINN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) 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.
Dividends
KWEB vs. YINN - Dividend Comparison
KWEB's dividend yield for the trailing twelve months is around 1.48%, less than YINN's 2.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | 1.48% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
YINN Direxion Daily China 3x Bull Shares | 2.06% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% | 0.00% |
Drawdowns
KWEB vs. YINN - Drawdown Comparison
The maximum KWEB drawdown since its inception was -80.92%, smaller than the maximum YINN drawdown of -98.87%. Use the drawdown chart below to compare losses from any high point for KWEB and YINN. For additional features, visit the drawdowns tool.
Volatility
KWEB vs. YINN - Volatility Comparison
The current volatility for KraneShares CSI China Internet ETF (KWEB) is 11.75%, while Direxion Daily China 3x Bull Shares (YINN) has a volatility of 30.83%. This indicates that KWEB 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.