YANG vs. YINN
Compare and contrast key facts about Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily China 3x Bull Shares (YINN).
YANG and YINN 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. YINN 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. Both YANG and YINN 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 YINN.
Key characteristics
| YANG | YINN | |
|---|---|---|
| YTD Return | -69.06% | 36.61% |
| 1Y Return | -65.19% | 10.83% |
| 3Y Return (Ann) | -35.93% | -50.13% |
| 5Y Return (Ann) | -39.65% | -38.90% |
| 10Y Return (Ann) | -35.89% | -26.26% |
| Sharpe Ratio | -0.67 | 0.15 |
| Sortino Ratio | -0.78 | 0.96 |
| Omega Ratio | 0.90 | 1.12 |
| Calmar Ratio | -0.67 | 0.15 |
| Martin Ratio | -1.35 | 0.45 |
| Ulcer Index | 49.40% | 32.98% |
| Daily Std Dev | 99.88% | 97.98% |
| Max Drawdown | -99.96% | -98.87% |
| Current Drawdown | -99.94% | -97.69% |
Correlation
The correlation between YANG and YINN is -0.99. 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.
Performance
YANG vs. YINN - Performance Comparison
In the year-to-date period, YANG achieves a -69.06% return, which is significantly lower than YINN's 36.61% return. Over the past 10 years, YANG has underperformed YINN with an annualized return of -35.89%, while YINN has yielded a comparatively higher -26.26% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YANG vs. YINN - Expense Ratio Comparison
YANG has a 1.07% expense ratio, which is lower than YINN's 1.52% expense ratio.
Risk-Adjusted Performance
YANG vs. YINN - 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 China 3x Bull Shares (YINN). 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. YINN - Dividend Comparison
YANG's dividend yield for the trailing twelve months is around 6.70%, more than YINN's 2.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
YANG Direxion Daily China 3x Bear Shares | 6.70% | 2.48% | 0.00% | 0.00% | 0.03% | 0.84% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% |
YINN Direxion Daily China 3x Bull Shares | 2.08% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% |
Drawdowns
YANG vs. YINN - Drawdown Comparison
The maximum YANG drawdown since its inception was -99.96%, roughly equal to the maximum YINN drawdown of -98.87%. Use the drawdown chart below to compare losses from any high point for YANG and YINN. For additional features, visit the drawdowns tool.
Volatility
YANG vs. YINN - Volatility Comparison
Direxion Daily China 3x Bear Shares (YANG) and Direxion Daily China 3x Bull Shares (YINN) have volatilities of 37.38% and 38.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.