YANG vs. SRTY
Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and ProShares UltraPro Short Russell2000 (SRTY).
YANG and SRTY 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. SRTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (-300%). It was launched on Feb 11, 2010. Both YANG and SRTY 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 SRTY.
Key characteristics
| YANG | SRTY | |
|---|---|---|
| YTD Return | -71.67% | -45.48% |
| 1Y Return | -69.05% | -69.68% |
| 3Y Return (Ann) | -40.65% | -21.33% |
| 5Y Return (Ann) | -39.04% | -49.38% |
| 10Y Return (Ann) | -36.84% | -40.98% |
| Sharpe Ratio | -0.68 | -1.06 |
| Sortino Ratio | -0.84 | -1.86 |
| Omega Ratio | 0.89 | 0.78 |
| Calmar Ratio | -0.68 | -0.68 |
| Martin Ratio | -1.40 | -1.40 |
| Ulcer Index | 48.44% | 48.88% |
| Daily Std Dev | 99.36% | 64.53% |
| Max Drawdown | -99.96% | -99.99% |
| Current Drawdown | -99.94% | -99.99% |
Correlation
The correlation between YANG and SRTY is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
YANG vs. SRTY - Performance Comparison
In the year-to-date period, YANG achieves a -71.67% return, which is significantly lower than SRTY's -45.48% return. Over the past 10 years, YANG has outperformed SRTY with an annualized return of -36.84%, while SRTY has yielded a comparatively lower -40.98% 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. SRTY - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is higher than SRTY's 0.95% expense ratio.
Risk-Adjusted Performance
YANG vs. SRTY - Risk-Adjusted Performance 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.
Dividends
YANG vs. SRTY - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 6.30%, less than SRTY's 11.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 6.30% | 2.62% | 0.00% | 0.00% | 0.68% | 1.13% | 0.33% | 0.00% |
SRTY ProShares UltraPro Short Russell2000 | 11.53% | 4.93% | 0.16% | 0.00% | 0.95% | 2.12% | 0.70% | 0.04% |
Drawdowns
YANG vs. SRTY - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.96%, roughly equal to the maximum SRTY drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for YANG and SRTY. For additional features, visit the drawdowns tool.
Volatility
YANG vs. SRTY - Volatility Comparison
Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 36.37% compared to ProShares UltraPro Short Russell2000 (SRTY) at 23.48%. 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.