XPP vs. YINN
Compare and contrast key facts about ProShares Ultra FTSE China 50 (XPP) and Direxion Daily China 3x Bull Shares (YINN).
XPP and YINN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XPP is a passively managed fund by ProShares that tracks the performance of the FTSE/Xinhua China 25 Index (200%). It was launched on Jun 2, 2009. 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 XPP 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: XPP or YINN.
Key characteristics
| XPP | YINN | |
|---|---|---|
| YTD Return | 46.81% | 54.77% |
| 1Y Return | 31.39% | 29.24% |
| 3Y Return (Ann) | -25.51% | -45.48% |
| 5Y Return (Ann) | -19.95% | -38.85% |
| 10Y Return (Ann) | -9.78% | -24.77% |
| Sharpe Ratio | 0.42 | 0.24 |
| Sortino Ratio | 1.07 | 1.08 |
| Omega Ratio | 1.13 | 1.13 |
| Calmar Ratio | 0.30 | 0.24 |
| Martin Ratio | 1.22 | 0.72 |
| Ulcer Index | 22.53% | 32.69% |
| Daily Std Dev | 65.69% | 97.42% |
| Max Drawdown | -89.90% | -98.87% |
| Current Drawdown | -80.72% | -97.38% |
Correlation
The correlation between XPP and YINN is 0.96, 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.
Performance
XPP vs. YINN - Performance Comparison
In the year-to-date period, XPP achieves a 46.81% return, which is significantly lower than YINN's 54.77% return. Over the past 10 years, XPP has outperformed YINN with an annualized return of -9.78%, while YINN has yielded a comparatively lower -24.77% 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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XPP vs. YINN - Expense Ratio Comparison
XPP has a 0.95% expense ratio, which is lower than YINN's 1.52% expense ratio.
Risk-Adjusted Performance
XPP vs. YINN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra FTSE China 50 (XPP) 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
XPP vs. YINN - Dividend Comparison
XPP's dividend yield for the trailing twelve months is around 2.12%, more than YINN's 1.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
XPP ProShares Ultra FTSE China 50 | 2.12% | 2.87% | 0.00% | 0.00% | 0.00% | 3.81% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% |
YINN Direxion Daily China 3x Bull Shares | 1.84% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% |
Drawdowns
XPP vs. YINN - Drawdown Comparison
The maximum XPP drawdown since its inception was -89.90%, smaller than the maximum YINN drawdown of -98.87%. Use the drawdown chart below to compare losses from any high point for XPP and YINN. For additional features, visit the drawdowns tool.
Volatility
XPP vs. YINN - Volatility Comparison
The current volatility for ProShares Ultra FTSE China 50 (XPP) is 24.97%, while Direxion Daily China 3x Bull Shares (YINN) has a volatility of 36.93%. This indicates that XPP 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.