YANG vs. SCHD

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and Schwab U.S. Dividend Equity ETF (SCHD).

YANG and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both YANG and SCHD 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. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bear Shares (YANG) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

YANG vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
SCHD Schwab U.S. Dividend Equity ETF	12.17%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Returns By Period

In the year-to-date period, YANG achieves a 20.02% return, which is significantly higher than SCHD's 12.17% return. Over the past 10 years, YANG has underperformed SCHD with an annualized return of -39.11%, while SCHD has yielded a comparatively higher 12.25% 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%

SCHD

• 1D: -0.55%
• 1M: -3.43%
• YTD: 12.17%
• 6M: 12.91%
• 1Y: 13.70%
• 3Y*: 11.84%
• 5Y*: 8.32%
• 10Y*: 12.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

YANG vs. SCHD - Expense Ratio Comparison

YANG has a 1.07% expense ratio, which is higher than SCHD's 0.06% expense ratio.

YANG

Direxion Daily China 3x Bear Shares

SCHD

Schwab U.S. Dividend Equity ETF

Return for Risk

YANG vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YANG

YANG Risk / Return Rank: 8
YANG Sharpe Ratio Rank: 6
YANG Sortino Ratio Rank: 10
YANG Omega Ratio Rank: 9
YANG Calmar Ratio Rank: 7
YANG Martin Ratio Rank: 9

SCHD

SCHD Risk / Return Rank: 43
SCHD Sharpe Ratio Rank: 46
SCHD Sortino Ratio Rank: 46
SCHD Omega Ratio Rank: 46
SCHD Calmar Ratio Rank: 39
SCHD Martin Ratio Rank: 38

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. 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 ratio Return per unit of total volatility	-0.31	0.88	-1.19
Sortino ratio Return per unit of downside risk	0.01	1.32	-1.31
Omega ratio Gain probability vs. loss probability	1.00	1.19	-0.18
Calmar ratio Return relative to maximum drawdown	-0.32	1.05	-1.36
Martin ratio Return relative to average drawdown	-0.38	3.55	-3.93
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. SCHD - Sharpe Ratio Comparison

The current YANG Sharpe Ratio is -0.31, which is lower than the SCHD Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of YANG and SCHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YANG	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	0.88	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	0.58	-0.94
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.48	0.74	-1.21
Sharpe Ratio (All Time) Calculated using the full available price history	-0.49	0.84	-1.33

Correlation

The correlation between YANG and SCHD is -0.47. 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. SCHD - Dividend Comparison

YANG's dividend yield for the trailing twelve months is around 3.40%, less than SCHD's 3.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SCHD Schwab U.S. Dividend Equity ETF	3.46%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

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.

Drawdown Indicators

	YANG	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-33.37%	-66.61%
Max Drawdown (1Y) Largest decline over 1 year	-68.02%	-12.74%	-55.28%
Max Drawdown (5Y) Largest decline over 5 years	-97.38%	-16.85%	-80.53%
Max Drawdown (10Y) Largest decline over 10 years	-99.60%	-33.37%	-66.23%
Current Drawdown Current decline from peak	-99.97%	-3.43%	-96.54%
Average Drawdown Average peak-to-trough decline	-90.42%	-3.34%	-87.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.00%	3.75%	+53.25%

Volatility

YANG vs. SCHD - Volatility Comparison

Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 19.60% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.33%. 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.

Volatility by Period

	YANG	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.60%	2.33%	+17.27%
Volatility (6M) Calculated over the trailing 6-month period	43.29%	7.96%	+35.33%
Volatility (1Y) Calculated over the trailing 1-year period	71.59%	15.69%	+55.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.39%	14.40%	+79.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.22%	16.70%	+65.52%