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.
Correlation
The correlation between YANG and GLL is -0.04. 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.
Performance
YANG vs. GLL - Performance Comparison
Key characteristics
YANG:
-0.74
GLL:
-1.40
YANG:
-1.25
GLL:
-2.32
YANG:
0.84
GLL:
0.75
YANG:
-0.80
GLL:
-0.49
YANG:
-1.47
GLL:
-1.93
YANG:
54.37%
GLL:
24.69%
YANG:
107.85%
GLL:
34.04%
YANG:
-99.97%
GLL:
-98.00%
YANG:
-99.97%
GLL:
-97.87%
Returns By Period
In the year-to-date period, YANG achieves a -40.25% return, which is significantly lower than GLL's -36.12% return. Over the past 10 years, YANG has underperformed GLL with an annualized return of -33.19%, while GLL has yielded a comparatively higher -19.13% annualized return.
YANG
-40.25%
8.49%
-41.78%
-78.24%
-44.57%
-33.19%
GLL
-36.12%
-17.18%
-30.07%
-47.25%
-21.68%
-19.13%
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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 Rank
YANG
GLL
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 11.88%, while GLL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 11.88% | 9.42% | 3.66% | 0.00% | 0.00% | 0.68% | 1.54% | 0.56% |
GLL ProShares UltraShort Gold | 0.00% | 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 -99.97%, roughly equal to the maximum GLL drawdown of -98.00%. 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 44.11% compared to ProShares UltraShort Gold (GLL) at 16.85%. 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.