YANG vs. SRTY
YANG (Direxion Daily China 3x Bear Shares) and SRTY (ProShares UltraPro Short Russell2000) are both Leveraged Equities funds - YANG tracks the FTSE China 50 Index (-300%) while SRTY tracks the Russell 2000 Index (-300%). Both are passively managed. Over the past 10 years, YANG returned -39.14%/yr vs -43.88%/yr for SRTY. A 0.53 correlation means they provide meaningful diversification when combined. YANG charges 1.07%/yr vs 0.95%/yr for SRTY.
Performance
YANG vs. SRTY - Performance Comparison
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Returns By Period
In the year-to-date period, YANG achieves a 11.12% return, which is significantly higher than SRTY's -42.78% return. Over the past 10 years, YANG has outperformed SRTY with an annualized return of -39.14%, while SRTY has yielded a comparatively lower -43.88% annualized return.
YANG
- 1D
- -8.70%
- 1M
- 2.29%
- YTD
- 11.12%
- 6M
- 18.25%
- 1Y
- -21.07%
- 3Y*
- -48.12%
- 5Y*
- -35.00%
- 10Y*
- -39.14%
SRTY
- 1D
- -2.70%
- 1M
- -12.83%
- YTD
- -42.78%
- 6M
- -43.96%
- 1Y
- -68.52%
- 3Y*
- -45.90%
- 5Y*
- -31.49%
- 10Y*
- -43.88%
YANG vs. SRTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 11.12% | -62.77% | -71.41% | 11.95% | -41.34% | 25.90% | -58.66% | -40.72% | 13.14% | -64.93% |
SRTY ProShares UltraPro Short Russell2000 | -42.78% | -40.55% | -32.91% | -42.02% | 28.99% | -51.67% | -80.61% | -53.83% | 23.37% | -38.31% |
Correlation
The correlation between YANG and SRTY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010 | 0.53 |
The correlation between YANG and SRTY shifts across timeframes, from 0.38 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YANG vs. SRTY — Risk / Return Rank
YANG
SRTY
YANG vs. SRTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and ProShares UltraPro Short Russell2000 (SRTY). 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 | SRTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.36 | -1.20 | +0.84 |
Sortino ratioReturn per unit of downside risk | -0.16 | -2.26 | +2.10 |
Omega ratioGain probability vs. loss probability | 0.98 | 0.76 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.56 | -1.00 | +0.45 |
Martin ratioReturn relative to average drawdown | -0.83 | -1.52 | +0.69 |
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 | SRTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | -1.20 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | -0.47 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.48 | -0.64 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | -0.69 | +0.20 |
Drawdowns
YANG vs. SRTY - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.98%, roughly equal to the maximum SRTY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for YANG and SRTY.
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Drawdown Indicators
| YANG | SRTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -100.00% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -40.39% | -67.42% | +27.03% |
Max Drawdown (3Y)Largest decline over 3 years | -94.02% | -88.56% | -5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -97.38% | -91.18% | -6.20% |
Max Drawdown (10Y)Largest decline over 10 years | -99.53% | -99.74% | +0.21% |
Current DrawdownCurrent decline from peak | -99.98% | -100.00% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -90.52% | -93.78% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.39% | 45.29% | -16.90% |
Volatility
YANG vs. SRTY - Volatility Comparison
Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 20.36% compared to ProShares UltraPro Short Russell2000 (SRTY) at 16.76%. This indicates that YANG's price experiences larger fluctuations and is considered to be riskier than SRTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YANG | SRTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.36% | 16.76% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 42.19% | 40.76% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.54% | 57.04% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.43% | 67.42% | +27.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.11% | 68.34% | +13.77% |
YANG vs. SRTY - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is higher than SRTY's 0.95% expense ratio.
Dividends
YANG vs. SRTY - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 3.67%, less than SRTY's 9.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SRTY ProShares UltraPro Short Russell2000 | 9.55% | 6.87% | 9.40% | 4.93% | 0.17% | 0.00% | 0.95% | 2.13% | 0.70% | 0.04% |
YANG Direxion Daily China 3x Bear Shares | 3.67% | 4.03% | 9.42% | 3.66% | 0.00% | 0.00% | 0.67% | 1.54% | 0.56% | 0.00% |
Frequently Asked Questions
YANG and SRTY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YANG has higher volatility (20.36%) compared to SRTY (16.76%). In terms of maximum drawdown, YANG dropped -99.98% vs SRTY's -100.00%.
On 10-year performance, YANG leads with -39.14% vs -43.88% for SRTY. On fees, SRTY is cheaper at 0.95% per year. On volatility, SRTY has been the lower-risk option at 16.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YANG has performed better with a -39.14% return vs -43.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRTY is cheaper with a 0.95% expense ratio, compared with 1.07% for YANG.
SRTY has the higher dividend yield at 9.55%, compared with 3.67% for YANG.
YANG tracks FTSE China 50 Index (-300%), while SRTY tracks Russell 2000 Index (-300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.07% for YANG and 0.95% for SRTY.
YANG currently has the higher Sharpe Ratio (-0.36 vs -1.20), 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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