YANG vs. TSDD
Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and GraniteShares 2x Short TSLA Daily ETF (TSDD).
YANG and TSDD 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. TSDD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Performance
YANG vs. TSDD - Performance Comparison
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YANG vs. TSDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 20.02% | -62.77% | -71.41% | 12.06% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 28.07% | -74.84% | -89.21% | -20.49% |
Returns By Period
In the year-to-date period, YANG achieves a 20.02% return, which is significantly lower than TSDD's 28.07% return.
YANG
- 1D
- 2.68%
- 1M
- 9.80%
- YTD
- 20.02%
- 6M
- 44.40%
- 1Y
- -22.06%
- 3Y*
- -43.56%
- 5Y*
- -33.55%
- 10Y*
- -39.11%
TSDD
- 1D
- -5.17%
- 1M
- 8.20%
- YTD
- 28.07%
- 6M
- 15.45%
- 1Y
- -79.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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YANG vs. TSDD - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is lower than TSDD's 1.50% expense ratio.
Return for Risk
YANG vs. TSDD — Risk / Return Rank
YANG
TSDD
YANG vs. TSDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and GraniteShares 2x Short TSLA Daily ETF (TSDD). 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 | TSDD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.31 | -0.73 | +0.42 |
Sortino ratioReturn per unit of downside risk | 0.01 | -1.13 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.00 | 0.86 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.90 | +0.58 |
Martin ratioReturn relative to average drawdown | -0.38 | -1.04 | +0.66 |
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 | TSDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | -0.73 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | -0.65 | +0.15 |
Correlation
The correlation between YANG and TSDD 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.
Dividends
YANG vs. TSDD - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 3.40%, less than TSDD's 6.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 3.40% | 4.03% | 9.42% | 3.66% | 0.00% | 0.00% | 0.67% | 1.54% | 0.56% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 6.58% | 8.42% | 0.00% | 24.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
YANG vs. TSDD - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.98%, roughly equal to the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for YANG and TSDD.
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Drawdown Indicators
| YANG | TSDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -99.03% | -0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -68.02% | -90.32% | +22.30% |
Max Drawdown (5Y)Largest decline over 5 years | -97.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.60% | — | — |
Current DrawdownCurrent decline from peak | -99.97% | -98.53% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -90.42% | -69.41% | -21.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.00% | 77.90% | -20.90% |
Volatility
YANG vs. TSDD - Volatility Comparison
The current volatility for Direxion Daily China 3x Bear Shares (YANG) is 19.60%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 22.84%. This indicates that YANG experiences smaller price fluctuations and is considered to be less risky than TSDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YANG | TSDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.60% | 22.84% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 43.29% | 59.58% | -16.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.59% | 110.35% | -38.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.39% | 116.23% | -21.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.22% | 116.23% | -34.01% |