YANG vs. TSLL

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily TSLA Bull 1.5X Shares (TSLL).

YANG and TSLL 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. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022.

Performance

YANG vs. TSLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). The values are adjusted to include any dividend payments, if applicable.

YANG vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
YANG Direxion Daily China 3x Bear Shares	20.02%	-62.77%	-71.41%	11.95%	-24.84%
TSLL Direxion Daily TSLA Bull 1.5X Shares	-32.66%	-26.80%	99.63%	139.86%	-73.85%

Returns By Period

In the year-to-date period, YANG achieves a 20.02% return, which is significantly higher than TSLL's -32.66% 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%

TSLL

• 1D: 5.10%
• 1M: -12.69%
• YTD: -32.66%
• 6M: -40.78%
• 1Y: 31.90%
• 3Y*: 4.73%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YANG vs. TSLL - Expense Ratio Comparison

YANG has a 1.07% expense ratio, which is lower than TSLL's 1.08% expense ratio.

TSLL

Direxion Daily TSLA Bull 1.5X Shares

YANG

Direxion Daily China 3x Bear Shares

Return for Risk

YANG vs. TSLL — Risk / Return Rank

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

YANG

YANG Risk / Return Rank: 8
YANG Sharpe Ratio Rank: 6
YANG Sortino Ratio Rank: 10
YANG Omega Ratio Rank: 9
YANG Calmar Ratio Rank: 7
YANG Martin Ratio Rank: 9

TSLL

TSLL Risk / Return Rank: 30
TSLL Sharpe Ratio Rank: 19
TSLL Sortino Ratio Rank: 42
TSLL Omega Ratio Rank: 35
TSLL Calmar Ratio Rank: 32
TSLL Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YANG vs. TSLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). 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	TSLL	Difference
Sharpe ratio Return per unit of total volatility	-0.31	0.29	-0.60
Sortino ratio Return per unit of downside risk	0.01	1.22	-1.22
Omega ratio Gain probability vs. loss probability	1.00	1.15	-0.15
Calmar ratio Return relative to maximum drawdown	-0.32	0.81	-1.13
Martin ratio Return relative to average drawdown	-0.38	1.72	-2.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YANG vs. TSLL - Sharpe Ratio Comparison

The current YANG Sharpe Ratio is -0.31, which is lower than the TSLL Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of YANG and TSLL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YANG	TSLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	0.29	-0.60
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	-0.12	-0.38

Correlation

The correlation between YANG and TSLL is -0.24. 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.

Dividends

YANG vs. TSLL - Dividend Comparison

YANG's dividend yield for the trailing twelve months is around 3.40%, less than TSLL's 7.60% 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%
TSLL Direxion Daily TSLA Bull 1.5X Shares	7.60%	5.00%	2.47%	4.44%	1.57%	0.00%	0.00%	0.00%	0.00%

Drawdowns

YANG vs. TSLL - Drawdown Comparison

The maximum YANG drawdown since its inception was -99.98%, which is greater than TSLL's maximum drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for YANG and TSLL.

Drawdown Indicators

	YANG	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-82.88%	-17.10%
Max Drawdown (1Y) Largest decline over 1 year	-68.02%	-51.06%	-16.96%
Max Drawdown (5Y) Largest decline over 5 years	-97.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.60%	—	—
Current Drawdown Current decline from peak	-99.97%	-66.00%	-33.97%
Average Drawdown Average peak-to-trough decline	-90.42%	-53.35%	-37.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.00%	24.07%	+32.93%

Volatility

YANG vs. TSLL - Volatility Comparison

The current volatility for Direxion Daily China 3x Bear Shares (YANG) is 19.60%, while Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a volatility of 22.51%. This indicates that YANG experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YANG	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.60%	22.51%	-2.91%
Volatility (6M) Calculated over the trailing 6-month period	43.29%	59.48%	-16.19%
Volatility (1Y) Calculated over the trailing 1-year period	71.59%	110.55%	-38.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.39%	107.87%	-13.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.22%	107.87%	-25.65%