YANG vs. TSMG
Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and Leverage Shares 2X Long TSM Daily ETF (TSMG).
YANG and TSMG 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. TSMG is an actively managed fund by Leverage Shares. It was launched on Jan 14, 2025.
Performance
YANG vs. TSMG - Performance Comparison
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YANG vs. TSMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 20.02% | -66.00% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 18.85% | 76.34% |
Returns By Period
In the year-to-date period, YANG achieves a 20.02% return, which is significantly higher than TSMG's 18.85% 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%
TSMG
- 1D
- 2.29%
- 1M
- -16.16%
- YTD
- 18.85%
- 6M
- 24.81%
- 1Y
- 225.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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YANG vs. TSMG - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is higher than TSMG's 0.75% expense ratio.
Return for Risk
YANG vs. TSMG — Risk / Return Rank
YANG
TSMG
YANG vs. TSMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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 | TSMG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.31 | 2.94 | -3.25 |
Sortino ratioReturn per unit of downside risk | 0.01 | 3.06 | -3.05 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.39 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | 6.67 | -6.99 |
Martin ratioReturn relative to average drawdown | -0.38 | 20.63 | -21.01 |
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 | TSMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 2.94 | -3.25 |
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 | 1.04 | -1.53 |
Correlation
The correlation between YANG and TSMG is -0.34. 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. TSMG - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 3.40%, less than TSMG's 9.66% 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% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 9.66% | 11.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
YANG vs. TSMG - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.98%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for YANG and TSMG.
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Drawdown Indicators
| YANG | TSMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -63.67% | -36.31% |
Max Drawdown (1Y)Largest decline over 1 year | -68.02% | -35.29% | -32.73% |
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% | -24.61% | -75.36% |
Average DrawdownAverage peak-to-trough decline | -90.42% | -18.24% | -72.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.00% | 11.41% | +45.59% |
Volatility
YANG vs. TSMG - Volatility Comparison
The current volatility for Direxion Daily China 3x Bear Shares (YANG) is 19.60%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 28.00%. This indicates that YANG experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YANG | TSMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.60% | 28.00% | -8.40% |
Volatility (6M)Calculated over the trailing 6-month period | 43.29% | 54.68% | -11.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.59% | 77.04% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.39% | 81.23% | +13.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.22% | 81.23% | +0.99% |