PYPG vs. YANG

Last updated Apr 3, 2026

Compare and contrast key facts about Leverage Shares 2X Long PYPL Daily ETF (PYPG) and Direxion Daily China 3x Bear Shares (YANG).

PYPG and YANG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYPG is an actively managed fund by Leverage Shares. It was launched on Apr 3, 2025. YANG 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.

Performance

PYPG vs. YANG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PYPL Daily ETF (PYPG) and Direxion Daily China 3x Bear Shares (YANG). The values are adjusted to include any dividend payments, if applicable.

PYPG vs. YANG - Yearly Performance Comparison

	2026 (YTD)	2025
PYPG Leverage Shares 2X Long PYPL Daily ETF	-46.66%	-16.47%
YANG Direxion Daily China 3x Bear Shares	20.34%	-48.85%

Returns By Period

In the year-to-date period, PYPG achieves a -46.66% return, which is significantly lower than YANG's 20.34% return.

PYPG

• 1D: 3.14%
• 1M: -5.74%
• YTD: -46.66%
• 6M: -63.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YANG

• 1D: 0.27%
• 1M: 3.12%
• YTD: 20.34%
• 6M: 48.44%
• 1Y: -23.39%
• 3Y*: -43.83%
• 5Y*: -33.51%
• 10Y*: -39.31%

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

PYPG vs. YANG - Expense Ratio Comparison

PYPG has a 0.75% expense ratio, which is lower than YANG's 1.07% expense ratio.

YANG

Direxion Daily China 3x Bear Shares

PYPG

Leverage Shares 2X Long PYPL Daily ETF

Return for Risk

PYPG vs. YANG — Risk / Return Rank

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

YANG

YANG Risk / Return Rank: 8
YANG Sharpe Ratio Rank: 6
YANG Sortino Ratio Rank: 9
YANG Omega Ratio Rank: 9
YANG Calmar Ratio Rank: 7
YANG Martin Ratio Rank: 9

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.

PYPG vs. YANG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PYPL Daily ETF (PYPG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PYPG	YANG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.69	-0.49	-0.20

Correlation

The correlation between PYPG and YANG is -0.39. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

PYPG vs. YANG - Dividend Comparison

PYPG has not paid dividends to shareholders, while YANG's dividend yield for the trailing twelve months is around 3.39%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PYPG Leverage Shares 2X Long PYPL Daily 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	3.39%	4.03%	9.42%	3.66%	0.00%	0.00%	0.67%	1.54%	0.56%

Drawdowns

PYPG vs. YANG - Drawdown Comparison

The maximum PYPG drawdown since its inception was -79.52%, smaller than the maximum YANG drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for PYPG and YANG.

Drawdown Indicators

	PYPG	YANG	Difference
Max Drawdown Largest peak-to-trough decline	-79.52%	-99.98%	+20.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-68.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-97.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.60%	—
Current Drawdown Current decline from peak	-73.34%	-99.97%	+26.63%
Average Drawdown Average peak-to-trough decline	-32.26%	-90.42%	+58.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	57.10%	—

Volatility

Volatility by Period

	PYPG	YANG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	80.73%	71.58%	+9.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.73%	94.36%	-13.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.73%	82.20%	-1.47%