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YANG vs. TLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between YANG and TLT is -0.59. 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.


-0.50.00.51.0
Correlation: -0.6

Performance

YANG vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bear Shares (YANG) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%NovemberDecember2025FebruaryMarchApril
-99.96%
43.99%
YANG
TLT

Key characteristics

Sharpe Ratio

YANG:

-0.75

TLT:

0.23

Sortino Ratio

YANG:

-1.32

TLT:

0.41

Omega Ratio

YANG:

0.83

TLT:

1.05

Calmar Ratio

YANG:

-0.81

TLT:

0.07

Martin Ratio

YANG:

-1.45

TLT:

0.44

Ulcer Index

YANG:

55.92%

TLT:

7.49%

Daily Std Dev

YANG:

107.95%

TLT:

14.42%

Max Drawdown

YANG:

-99.97%

TLT:

-48.35%

Current Drawdown

YANG:

-99.97%

TLT:

-41.51%

Returns By Period

In the year-to-date period, YANG achieves a -40.91% return, which is significantly lower than TLT's 2.09% return. Over the past 10 years, YANG has underperformed TLT with an annualized return of -33.26%, while TLT has yielded a comparatively higher -1.24% annualized return.


YANG

YTD

-40.91%

1M

7.85%

6M

-42.27%

1Y

-78.93%

5Y*

-44.72%

10Y*

-33.26%

TLT

YTD

2.09%

1M

-1.34%

6M

-2.75%

1Y

3.98%

5Y*

-10.04%

10Y*

-1.24%

*Annualized

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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.


Expense ratio chart for YANG: current value is 1.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
YANG: 1.07%
Expense ratio chart for TLT: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TLT: 0.15%

Risk-Adjusted Performance

YANG vs. TLT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YANG
The Risk-Adjusted Performance Rank of YANG is 11
Overall Rank
The Sharpe Ratio Rank of YANG is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of YANG is 11
Sortino Ratio Rank
The Omega Ratio Rank of YANG is 11
Omega Ratio Rank
The Calmar Ratio Rank of YANG is 00
Calmar Ratio Rank
The Martin Ratio Rank of YANG is 33
Martin Ratio Rank

TLT
The Risk-Adjusted Performance Rank of TLT is 3535
Overall Rank
The Sharpe Ratio Rank of TLT is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 3838
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 3535
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 3030
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 3333
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for YANG, currently valued at -0.75, compared to the broader market-1.000.001.002.003.004.00
YANG: -0.75
TLT: 0.23
The chart of Sortino ratio for YANG, currently valued at -1.32, compared to the broader market-2.000.002.004.006.008.00
YANG: -1.32
TLT: 0.41
The chart of Omega ratio for YANG, currently valued at 0.83, compared to the broader market0.501.001.502.002.50
YANG: 0.83
TLT: 1.05
The chart of Calmar ratio for YANG, currently valued at -0.81, compared to the broader market0.002.004.006.008.0010.0012.00
YANG: -0.81
TLT: 0.07
The chart of Martin ratio for YANG, currently valued at -1.45, compared to the broader market0.0020.0040.0060.00
YANG: -1.45
TLT: 0.44

The current YANG Sharpe Ratio is -0.75, which is lower than the TLT Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of YANG and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
-0.75
0.23
YANG
TLT

Dividends

YANG vs. TLT - Dividend Comparison

YANG's dividend yield for the trailing twelve months is around 12.00%, more than TLT's 4.27% yield.


TTM20242023202220212020201920182017201620152014
YANG
Direxion Daily China 3x Bear Shares
12.00%9.42%3.66%0.00%0.00%0.68%1.54%0.56%0.00%0.00%0.00%0.00%
TLT
iShares 20+ Year Treasury Bond ETF
4.27%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%

Drawdowns

YANG vs. TLT - Drawdown Comparison

The maximum YANG drawdown since its inception was -99.97%, 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.


-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%NovemberDecember2025FebruaryMarchApril
-99.97%
-41.51%
YANG
TLT

Volatility

YANG vs. TLT - Volatility Comparison

Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 44.10% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 5.98%. 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.


0.00%10.00%20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
44.10%
5.98%
YANG
TLT