YANG vs. SCHD
YANG (Direxion Daily China 3x Bear Shares) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - YANG is a Leveraged Equities fund tracking the FTSE China 50 Index (-300%), while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, YANG returned -38.45%/yr vs 12.79%/yr for SCHD. At a correlation of -0.47, they often move in opposite directions. YANG charges 1.07%/yr vs 0.06%/yr for SCHD.
Performance
YANG vs. SCHD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with YANG having a 19.18% return and SCHD slightly higher at 19.82%. Over the past 10 years, YANG has underperformed SCHD with an annualized return of -38.45%, while SCHD has yielded a comparatively higher 12.79% annualized return.
YANG
- 1D
- 0.64%
- 1M
- 6.83%
- YTD
- 19.18%
- 6M
- 25.26%
- 1Y
- -7.77%
- 3Y*
- -47.00%
- 5Y*
- -33.67%
- 10Y*
- -38.45%
SCHD
- 1D
- 0.68%
- 1M
- 2.84%
- YTD
- 19.82%
- 6M
- 19.65%
- 1Y
- 28.76%
- 3Y*
- 15.59%
- 5Y*
- 8.50%
- 10Y*
- 12.79%
YANG vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 19.18% | -62.77% | -71.41% | 11.95% | -41.34% | 25.90% | -58.66% | -40.72% | 13.14% | -64.93% |
SCHD Schwab U.S. Dividend Equity ETF | 19.82% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Correlation
The correlation between YANG and SCHD is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011 | -0.47 |
Over the past year, the inverse relationship between YANG and SCHD has weakened: their correlation has moved from -0.47 to -0.22, meaning they move in opposite directions less often than they have historically.
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Return for Risk
YANG vs. SCHD — Risk / Return Rank
YANG
SCHD
YANG vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and Schwab U.S. Dividend Equity ETF (SCHD). 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.
| YANG | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.47 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 6.26 | -6.46 |
| Martin ratioReturn relative to average drawdown | -0.32 | 15.38 | -15.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YANG | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 2.64 | -2.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.59 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.47 | 0.77 | -1.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | 0.86 | -1.35 |
Drawdowns
YANG vs. SCHD - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.98%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for YANG and SCHD.
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Drawdown Indicators
| YANG | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -33.37% | -66.61% |
Max Drawdown (1Y)Largest decline over 1 year | -38.85% | -4.61% | -34.24% |
Max Drawdown (3Y)Largest decline over 3 years | -94.02% | -16.13% | -77.89% |
Max Drawdown (5Y)Largest decline over 5 years | -97.38% | -16.85% | -80.53% |
Max Drawdown (10Y)Largest decline over 10 years | -99.53% | -33.37% | -66.16% |
Current DrawdownCurrent decline from peak | -99.97% | -0.73% | -99.24% |
Average DrawdownAverage peak-to-trough decline | -90.52% | -3.32% | -87.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.39% | 1.87% | +22.52% |
Volatility
YANG vs. SCHD - Volatility Comparison
Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 21.22% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.69%. This indicates that YANG's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YANG | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.22% | 2.69% | +18.53% |
Volatility (6M)Calculated over the trailing 6-month period | 42.61% | 7.65% | +34.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.74% | 10.95% | +47.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.43% | 14.38% | +80.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.10% | 16.71% | +65.39% |
YANG vs. SCHD - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Dividends
YANG vs. SCHD - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 3.43%, more than SCHD's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 3.24% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
YANG Direxion Daily China 3x Bear Shares | 3.43% | 4.03% | 9.42% | 3.66% | 0.00% | 0.00% | 0.67% | 1.54% | 0.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YANG and SCHD have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YANG has higher volatility (21.22%) compared to SCHD (2.69%). In terms of maximum drawdown, YANG dropped -99.98% vs SCHD's -33.37%.
On 10-year performance, SCHD leads with 12.79% vs -38.45% for YANG. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHD has performed better with a 12.79% return vs -38.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 1.07% for YANG.
YANG has the higher dividend yield at 3.43%, compared with 3.24% for SCHD.
YANG is categorized as Leveraged Equities, while SCHD is Dividend. YANG tracks FTSE China 50 Index (-300%), while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Direxion and Charles Schwab. Their fees differ too: 1.07% for YANG and 0.06% for SCHD.
SCHD currently has the higher Sharpe Ratio (2.64 vs -0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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