YANG vs. SPY
Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and SPDR S&P 500 ETF (SPY).
YANG and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both YANG and SPY 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 SPY.
Correlation
The correlation between YANG and SPY is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YANG vs. SPY - Performance Comparison
Loading data...
Key characteristics
YANG:
-0.69
SPY:
0.64
YANG:
-0.95
SPY:
1.16
YANG:
0.88
SPY:
1.17
YANG:
-0.74
SPY:
0.79
YANG:
-1.30
SPY:
3.04
YANG:
56.62%
SPY:
4.87%
YANG:
107.08%
SPY:
20.29%
YANG:
-99.97%
SPY:
-55.19%
YANG:
-99.97%
SPY:
-3.38%
Returns By Period
In the year-to-date period, YANG achieves a -49.53% return, which is significantly lower than SPY's 1.05% return. Over the past 10 years, YANG has underperformed SPY with an annualized return of -35.24%, while SPY has yielded a comparatively higher 12.69% annualized return.
YANG
-49.53%
-21.87%
-56.40%
-73.85%
-46.38%
-35.24%
SPY
1.05%
9.83%
0.15%
12.87%
17.33%
12.69%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
YANG vs. SPY - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
YANG vs. SPY — Risk-Adjusted Performance Rank
YANG
SPY
YANG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and SPDR S&P 500 ETF (SPY). 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.
Loading data...
Dividends
YANG vs. SPY - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 14.05%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 14.05% | 9.42% | 3.66% | 0.00% | 0.00% | 0.68% | 1.54% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
YANG vs. SPY - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.97%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for YANG and SPY. For additional features, visit the drawdowns tool.
Loading data...
Volatility
YANG vs. SPY - Volatility Comparison
Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 21.93% compared to SPDR S&P 500 ETF (SPY) at 6.19%. This indicates that YANG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...