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YANG vs. QQQE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

YANG vs. QQQE

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).

YANG and QQQE 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. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012. Both YANG and QQQE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

YANG vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bear Shares (YANG) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

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YANG vs. QQQE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
YANG
Direxion Daily China 3x Bear Shares		20.02%-62.77%-71.41%11.95%-41.34%25.90%-58.66%-40.72%13.14%-64.93%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		-2.88%14.58%6.98%33.76%-24.47%17.93%37.85%36.43%-5.40%26.53%

Returns By Period

In the year-to-date period, YANG achieves a 20.02% return, which is significantly higher than QQQE's -2.88% return. Over the past 10 years, YANG has underperformed QQQE with an annualized return of -39.11%, while QQQE has yielded a comparatively higher 13.30% annualized return.

YANG

1D
2.68%
1M
9.80%
YTD
20.02%
6M
44.40%
1Y
-22.06%
3Y*
-43.56%
5Y*
-33.55%
10Y*
-39.11%

QQQE

1D
0.68%
1M
-4.20%
YTD
-2.88%
6M
-2.59%
1Y
13.91%
3Y*
11.84%
5Y*
6.34%
10Y*
13.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Direxion Daily China 3x Bear Shares

Direxion NASDAQ-100 Equal Weighted Index Shares

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Often compared with QQQE:
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YANG vs. QQQE - Expense Ratio Comparison

YANG has a 1.07% expense ratio, which is higher than QQQE's 0.35% expense ratio.

YANG
Direxion Daily China 3x Bear Shares
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares

Return for Risk

YANG vs. QQQE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YANG
YANG Risk / Return Rank: 88
Overall Rank
YANG Sharpe Ratio Rank: 66
Sharpe Ratio Rank
YANG Sortino Ratio Rank: 1010
Sortino Ratio Rank
YANG Omega Ratio Rank: 99
Omega Ratio Rank
YANG Calmar Ratio Rank: 77
Calmar Ratio Rank
YANG Martin Ratio Rank: 99
Martin Ratio Rank
QQQE
QQQE Risk / Return Rank: 3939
Overall Rank
QQQE Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
QQQE Sortino Ratio Rank: 3737
Sortino Ratio Rank
QQQE Omega Ratio Rank: 3838
Omega Ratio Rank
QQQE Calmar Ratio Rank: 4242
Calmar Ratio Rank
QQQE Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YANG vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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.

YANGQQQEDifference

Sharpe ratio

Return per unit of total volatility

-0.31

0.68

-0.99

Sortino ratio

Return per unit of downside risk

0.01

1.13

-1.12

Omega ratio

Gain probability vs. loss probability

1.00

1.16

-0.16

Calmar ratio

Return relative to maximum drawdown

-0.32

1.14

-1.45

Martin ratio

Return relative to average drawdown

-0.38

4.59

-4.97

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YANG vs. QQQE - Sharpe Ratio Comparison

The current YANG Sharpe Ratio is -0.31, which is lower than the QQQE Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of YANG and QQQE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

YANGQQQEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.31

0.68

-0.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.36

0.31

-0.67

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.48

0.64

-1.12

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.49

0.69

-1.18

Correlation

The correlation between YANG and QQQE is -0.55. 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.

Dividends

YANG vs. QQQE - Dividend Comparison

YANG's dividend yield for the trailing twelve months is around 3.40%, more than QQQE's 0.64% yield.

TTM20252024202320222021202020192018201720162015
YANG
Direxion Daily China 3x Bear Shares		3.40%4.03%9.42%3.66%0.00%0.00%0.67%1.54%0.56%0.00%0.00%0.00%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		0.64%0.52%0.86%0.79%0.98%3.83%0.54%0.74%0.80%0.65%1.17%0.57%

Drawdowns

YANG vs. QQQE - Drawdown Comparison

The maximum YANG drawdown since its inception was -99.98%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for YANG and QQQE.

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Drawdown Indicators

YANGQQQEDifference

Max Drawdown

Largest peak-to-trough decline

-99.98%

-32.14%

-67.84%

Max Drawdown (1Y)

Largest decline over 1 year

-68.02%

-12.74%

-55.28%

Max Drawdown (5Y)

Largest decline over 5 years

-97.38%

-32.14%

-65.24%

Max Drawdown (10Y)

Largest decline over 10 years

-99.60%

-32.14%

-67.46%

Current Drawdown

Current decline from peak

-99.97%

-6.45%

-93.52%

Average Drawdown

Average peak-to-trough decline

-90.42%

-5.22%

-85.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

57.00%

3.16%

+53.84%

Volatility

YANG vs. QQQE - Volatility Comparison

Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 19.60% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 5.64%. This indicates that YANG's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

YANGQQQEDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.60%

5.64%

+13.96%

Volatility (6M)

Calculated over the trailing 6-month period

43.29%

11.05%

+32.24%

Volatility (1Y)

Calculated over the trailing 1-year period

71.59%

20.47%

+51.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

94.39%

20.32%

+74.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

82.22%

20.71%

+61.51%