YANG vs. KLIP
Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and KraneShares China Internet and Covered Call Strategy ETF (KLIP).
YANG and KLIP 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. KLIP is managed by CICC. It was launched on Jan 12, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YANG or KLIP.
Correlation
The correlation between YANG and KLIP is 0.43, 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
YANG vs. KLIP - Performance Comparison
Key characteristics
YANG:
-0.74
KLIP:
0.08
YANG:
-1.25
KLIP:
0.24
YANG:
0.84
KLIP:
1.04
YANG:
-0.80
KLIP:
0.09
YANG:
-1.47
KLIP:
0.32
YANG:
54.37%
KLIP:
5.08%
YANG:
107.85%
KLIP:
20.60%
YANG:
-99.97%
KLIP:
-18.61%
YANG:
-99.97%
KLIP:
-7.48%
Returns By Period
In the year-to-date period, YANG achieves a -40.25% return, which is significantly lower than KLIP's 1.70% return.
YANG
-40.25%
8.49%
-41.78%
-78.24%
-44.57%
-33.19%
KLIP
1.70%
-6.27%
3.58%
1.01%
N/A
N/A
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YANG vs. KLIP - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is higher than KLIP's 0.95% expense ratio.
Risk-Adjusted Performance
YANG vs. KLIP — Risk-Adjusted Performance Rank
YANG
KLIP
YANG vs. KLIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and KraneShares China Internet and Covered Call Strategy ETF (KLIP). 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. KLIP - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 11.88%, less than KLIP's 46.40% yield.
| 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% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | 46.40% | 54.85% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
YANG vs. KLIP - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.97%, which is greater than KLIP's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for YANG and KLIP. For additional features, visit the drawdowns tool.
Volatility
YANG vs. KLIP - Volatility Comparison
Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 44.11% compared to KraneShares China Internet and Covered Call Strategy ETF (KLIP) at 14.10%. This indicates that YANG's price experiences larger fluctuations and is considered to be riskier than KLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.