YANG vs. TLT
Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and iShares 20+ Year Treasury Bond ETF (TLT).
YANG and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both YANG and TLT 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 TLT.
Performance
YANG vs. TLT - Performance Comparison
Returns By Period
In the year-to-date period, YANG achieves a -69.32% return, which is significantly lower than TLT's -5.20% return. Over the past 10 years, YANG has underperformed TLT with an annualized return of -36.12%, while TLT has yielded a comparatively higher -0.32% annualized return.
YANG
-69.32%
13.29%
-41.33%
-62.19%
-39.45%
-36.12%
TLT
-5.20%
-3.05%
1.00%
4.14%
-6.00%
-0.32%
Key characteristics
| YANG | TLT | |
|---|---|---|
| Sharpe Ratio | -0.65 | 0.32 |
| Sortino Ratio | -0.73 | 0.56 |
| Omega Ratio | 0.91 | 1.06 |
| Calmar Ratio | -0.65 | 0.11 |
| Martin Ratio | -1.28 | 0.77 |
| Ulcer Index | 50.61% | 6.23% |
| Daily Std Dev | 99.02% | 14.74% |
| Max Drawdown | -99.96% | -48.35% |
| Current Drawdown | -99.94% | -40.93% |
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YANG vs. TLT - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is higher than TLT's 0.15% expense ratio.
Correlation
The correlation between YANG and TLT is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
YANG vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 5.69%, more than TLT's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 5.69% | 1.95% | 0.00% | 0.00% | 0.68% | 0.95% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.06% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
YANG vs. TLT - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.96%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for YANG and TLT. For additional features, visit the drawdowns tool.
Volatility
YANG vs. TLT - Volatility Comparison
Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 30.79% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 4.65%. This indicates that YANG's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.