YANG vs. TYO
Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily 7-10 Year Treasury Bear 3X (TYO).
YANG and TYO 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. TYO is a passively managed fund by Direxion that tracks the performance of the NYSE 7-10 Year Treasury Bond Index. It was launched on Apr 16, 2009. Both YANG and TYO 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 TYO.
Correlation
The correlation between YANG and TYO is 0.25, 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.
Performance
YANG vs. TYO - Performance Comparison
Key characteristics
YANG:
-0.74
TYO:
-0.32
YANG:
-1.25
TYO:
-0.32
YANG:
0.84
TYO:
0.96
YANG:
-0.80
TYO:
-0.08
YANG:
-1.47
TYO:
-0.61
YANG:
54.37%
TYO:
10.38%
YANG:
107.85%
TYO:
19.93%
YANG:
-99.97%
TYO:
-89.25%
YANG:
-99.97%
TYO:
-78.69%
Returns By Period
In the year-to-date period, YANG achieves a -40.25% return, which is significantly lower than TYO's -6.82% return. Over the past 10 years, YANG has underperformed TYO with an annualized return of -33.19%, while TYO has yielded a comparatively higher -1.09% annualized return.
YANG
-40.25%
8.49%
-41.78%
-78.24%
-44.57%
-33.19%
TYO
-6.82%
-2.15%
0.46%
-8.28%
13.79%
-1.09%
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YANG vs. TYO - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is lower than TYO's 1.08% expense ratio.
Risk-Adjusted Performance
YANG vs. TYO — Risk-Adjusted Performance Rank
YANG
TYO
YANG vs. TYO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily 7-10 Year Treasury Bear 3X (TYO). 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. TYO - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 11.88%, more than TYO's 4.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 11.88% | 9.42% | 3.66% | 0.00% | 0.00% | 0.68% | 1.54% | 0.56% |
TYO Direxion Daily 7-10 Year Treasury Bear 3X | 4.26% | 4.22% | 3.62% | 0.09% | 0.00% | 0.37% | 1.57% | 0.32% |
Drawdowns
YANG vs. TYO - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.97%, which is greater than TYO's maximum drawdown of -89.25%. Use the drawdown chart below to compare losses from any high point for YANG and TYO. For additional features, visit the drawdowns tool.
Volatility
YANG vs. TYO - Volatility Comparison
Direxion Daily China 3x Bear Shares (YANG) has a higher volatility of 44.11% compared to Direxion Daily 7-10 Year Treasury Bear 3X (TYO) at 7.89%. This indicates that YANG's price experiences larger fluctuations and is considered to be riskier than TYO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.