YANG vs. GLL
Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and ProShares UltraShort Gold (GLL).
YANG and GLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GLL is a passively managed fund by ProShares that tracks the performance of the Bloomberg Gold (-200%). It was launched on Dec 1, 2008. Both YANG and GLL 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: YANG or GLL.
Key characteristics
| YANG | GLL | |
|---|---|---|
| YTD Return | -71.67% | -36.41% |
| 1Y Return | -69.05% | -42.11% |
| 3Y Return (Ann) | -40.65% | -19.18% |
| 5Y Return (Ann) | -39.04% | -21.82% |
| 10Y Return (Ann) | -36.84% | -16.75% |
| Sharpe Ratio | -0.68 | -1.47 |
| Sortino Ratio | -0.84 | -2.41 |
| Omega Ratio | 0.89 | 0.75 |
| Calmar Ratio | -0.68 | -0.44 |
| Martin Ratio | -1.40 | -1.53 |
| Ulcer Index | 48.44% | 27.77% |
| Daily Std Dev | 99.36% | 28.87% |
| Max Drawdown | -99.96% | -97.04% |
| Current Drawdown | -99.94% | -96.82% |
Correlation
The correlation between YANG and GLL is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
YANG vs. GLL - Performance Comparison
In the year-to-date period, YANG achieves a -71.67% return, which is significantly lower than GLL's -36.41% return. Over the past 10 years, YANG has underperformed GLL with an annualized return of -36.84%, while GLL has yielded a comparatively higher -16.75% 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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YANG vs. GLL - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is higher than GLL's 0.95% expense ratio.
Risk-Adjusted Performance
YANG vs. GLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and ProShares UltraShort Gold (GLL). 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
YANG vs. GLL - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 6.30%, while GLL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 6.30% | 2.62% | 0.00% | 0.00% | 0.68% | 1.13% | 0.33% |
GLL ProShares UltraShort Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
YANG vs. GLL - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.96%, roughly equal to the maximum GLL drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for YANG and GLL. For additional features, visit the drawdowns tool.
Volatility
YANG vs. GLL - Volatility Comparison
Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 36.37% compared to ProShares UltraShort Gold (GLL) at 9.33%. This indicates that YANG's price experiences larger fluctuations and is considered to be riskier than GLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.