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YANG vs. SPUU
Performance
Return for Risk
Dividends
Drawdowns
Volatility

YANG vs. SPUU

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).

YANG and SPUU 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. SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014. Both YANG and SPUU 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. SPUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). The values are adjusted to include any dividend payments, if applicable.

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YANG vs. SPUU - 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%
SPUU
Direxion Daily S&P 500 Bull 2x Shares		-8.72%26.55%44.25%47.28%-38.72%61.27%21.85%66.84%-14.59%44.33%

Returns By Period

In the year-to-date period, YANG achieves a 20.02% return, which is significantly higher than SPUU's -8.72% return. Over the past 10 years, YANG has underperformed SPUU with an annualized return of -39.11%, while SPUU has yielded a comparatively higher 21.84% 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%

SPUU

1D
1.43%
1M
-9.19%
YTD
-8.72%
6M
-6.20%
1Y
28.11%
3Y*
29.46%
5Y*
16.19%
10Y*
21.84%
*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 Daily S&P 500 Bull 2x Shares

Often compared with YANG:
YANG vs. YINNYANG vs. CWEBYANG vs. GLLYANG vs. TYOYANG vs. KLIPYANG vs. FXPYANG vs. EDZ
Often compared with SPUU:
SPUU vs. SSOSPUU vs. SPYSPUU vs. SPXLSPUU vs. VOOSPUU vs. QLDSPUU vs. DDMSPUU vs. QQQ

YANG vs. SPUU - Expense Ratio Comparison

YANG has a 1.07% expense ratio, which is higher than SPUU's 0.64% expense ratio.

YANG
Direxion Daily China 3x Bear Shares
SPUU
Direxion Daily S&P 500 Bull 2x Shares

Return for Risk

YANG vs. SPUU — 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
SPUU
SPUU Risk / Return Rank: 4646
Overall Rank
SPUU Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
SPUU Sortino Ratio Rank: 4545
Sortino Ratio Rank
SPUU Omega Ratio Rank: 4848
Omega Ratio Rank
SPUU Calmar Ratio Rank: 4646
Calmar Ratio Rank
SPUU Martin Ratio Rank: 5353
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. SPUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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.

YANGSPUUDifference

Sharpe ratio

Return per unit of total volatility

-0.31

0.78

-1.09

Sortino ratio

Return per unit of downside risk

0.01

1.29

-1.29

Omega ratio

Gain probability vs. loss probability

1.00

1.19

-0.19

Calmar ratio

Return relative to maximum drawdown

-0.32

1.25

-1.57

Martin ratio

Return relative to average drawdown

-0.38

5.36

-5.73

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. SPUU - Sharpe Ratio Comparison

The current YANG Sharpe Ratio is -0.31, which is lower than the SPUU Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of YANG and SPUU, 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

YANGSPUUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.31

0.78

-1.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.36

0.49

-0.84

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.48

0.61

-1.09

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.49

0.56

-1.05

Correlation

The correlation between YANG and SPUU is -0.51. 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. SPUU - Dividend Comparison

YANG's dividend yield for the trailing twelve months is around 3.40%, more than SPUU's 1.76% 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%
SPUU
Direxion Daily S&P 500 Bull 2x Shares		1.76%1.63%0.55%0.83%0.88%3.04%8.03%1.80%5.50%6.96%8.08%4.42%

Drawdowns

YANG vs. SPUU - Drawdown Comparison

The maximum YANG drawdown since its inception was -99.98%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for YANG and SPUU.

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Drawdown Indicators

YANGSPUUDifference

Max Drawdown

Largest peak-to-trough decline

-99.98%

-59.35%

-40.63%

Max Drawdown (1Y)

Largest decline over 1 year

-68.02%

-23.10%

-44.92%

Max Drawdown (5Y)

Largest decline over 5 years

-97.38%

-46.59%

-50.79%

Max Drawdown (10Y)

Largest decline over 10 years

-99.60%

-59.35%

-40.25%

Current Drawdown

Current decline from peak

-99.97%

-12.15%

-87.82%

Average Drawdown

Average peak-to-trough decline

-90.42%

-9.62%

-80.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

57.00%

5.41%

+51.59%

Volatility

YANG vs. SPUU - Volatility Comparison

Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 19.60% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 10.73%. This indicates that YANG's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

YANGSPUUDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.60%

10.73%

+8.87%

Volatility (6M)

Calculated over the trailing 6-month period

43.29%

19.20%

+24.09%

Volatility (1Y)

Calculated over the trailing 1-year period

71.59%

36.23%

+35.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

94.39%

33.47%

+60.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

82.22%

35.72%

+46.50%