SRTY vs. YANG
Compare and contrast key facts about ProShares UltraPro Short Russell2000 (SRTY) and Direxion Daily China 3x Bear Shares (YANG).
SRTY and YANG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SRTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (-300%). It was launched on Feb 11, 2010. 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. Both SRTY and YANG 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: SRTY or YANG.
Key characteristics
| SRTY | YANG | |
|---|---|---|
| YTD Return | -45.48% | -71.67% |
| 1Y Return | -69.68% | -69.05% |
| 3Y Return (Ann) | -21.33% | -40.65% |
| 5Y Return (Ann) | -49.38% | -39.04% |
| 10Y Return (Ann) | -40.98% | -36.84% |
| Sharpe Ratio | -1.06 | -0.68 |
| Sortino Ratio | -1.86 | -0.84 |
| Omega Ratio | 0.78 | 0.89 |
| Calmar Ratio | -0.68 | -0.68 |
| Martin Ratio | -1.40 | -1.40 |
| Ulcer Index | 48.88% | 48.44% |
| Daily Std Dev | 64.53% | 99.36% |
| Max Drawdown | -99.99% | -99.96% |
| Current Drawdown | -99.99% | -99.94% |
Correlation
The correlation between SRTY and YANG is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SRTY vs. YANG - Performance Comparison
In the year-to-date period, SRTY achieves a -45.48% return, which is significantly higher than YANG's -71.67% return. Over the past 10 years, SRTY has underperformed YANG with an annualized return of -40.98%, while YANG has yielded a comparatively higher -36.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SRTY vs. YANG - Expense Ratio Comparison
SRTY has a 0.95% expense ratio, which is lower than YANG's 1.07% expense ratio.
Risk-Adjusted Performance
SRTY vs. YANG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) 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.
Dividends
SRTY vs. YANG - Dividend Comparison
SRTY's dividend yield for the trailing twelve months is around 11.53%, more than YANG's 6.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SRTY ProShares UltraPro Short Russell2000 | 11.53% | 4.93% | 0.16% | 0.00% | 0.95% | 2.12% | 0.70% | 0.04% |
YANG Direxion Daily China 3x Bear Shares | 6.30% | 2.62% | 0.00% | 0.00% | 0.68% | 1.13% | 0.33% | 0.00% |
Drawdowns
SRTY vs. YANG - Drawdown Comparison
The maximum SRTY drawdown since its inception was -99.99%, roughly equal to the maximum YANG drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for SRTY and YANG. For additional features, visit the drawdowns tool.
Volatility
SRTY vs. YANG - Volatility Comparison
The current volatility for ProShares UltraPro Short Russell2000 (SRTY) is 23.48%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 36.37%. This indicates that SRTY 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.