YANG vs. SOXL
Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
YANG and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both YANG and SOXL 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 SOXL.
Key characteristics
| YANG | SOXL | |
|---|---|---|
| YTD Return | -71.67% | 13.38% |
| 1Y Return | -69.05% | 94.03% |
| 3Y Return (Ann) | -40.65% | -17.11% |
| 5Y Return (Ann) | -39.04% | 18.83% |
| 10Y Return (Ann) | -36.84% | 35.67% |
| Sharpe Ratio | -0.68 | 0.90 |
| Sortino Ratio | -0.84 | 1.65 |
| Omega Ratio | 0.89 | 1.22 |
| Calmar Ratio | -0.68 | 1.22 |
| Martin Ratio | -1.40 | 3.02 |
| Ulcer Index | 48.44% | 30.16% |
| Daily Std Dev | 99.36% | 100.90% |
| Max Drawdown | -99.96% | -90.46% |
| Current Drawdown | -99.94% | -50.48% |
Correlation
The correlation between YANG and SOXL is -0.54. 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. SOXL - Performance Comparison
In the year-to-date period, YANG achieves a -71.67% return, which is significantly lower than SOXL's 13.38% return. Over the past 10 years, YANG has underperformed SOXL with an annualized return of -36.84%, while SOXL has yielded a comparatively higher 35.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YANG vs. SOXL - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
YANG vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 6.30%, more than SOXL's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 6.30% | 2.62% | 0.00% | 0.00% | 0.68% | 1.13% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.87% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
YANG vs. SOXL - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.96%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for YANG and SOXL. For additional features, visit the drawdowns tool.
Volatility
YANG vs. SOXL - Volatility Comparison
Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 36.37% compared to Direxion Daily Semiconductor Bull 3x Shares (SOXL) at 28.88%. This indicates that YANG's price experiences larger fluctuations and is considered to be riskier than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.