YINN vs. BITI
YINN (Direxion Daily China 3x Bull Shares) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - YINN is a China Equities fund tracking the FTSE China 50 Index (300%), while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, YINN returned -7.53%/yr vs -31.62%/yr for BITI. At a correlation of -0.23, they often move in opposite directions. YINN charges 1.52%/yr vs 1.03%/yr for BITI.
Performance
YINN vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, YINN achieves a -34.26% return, which is significantly lower than BITI's 24.48% return.
YINN
- 1D
- 2.14%
- 1M
- -2.29%
- 6M
- -41.62%
- YTD
- -34.26%
- 1Y
- -34.70%
- 3Y*
- -7.53%
- 5Y*
- -37.80%
- 10Y*
- -20.79%
BITI
- 1D
- 1.13%
- 1M
- 1.49%
- 6M
- 35.86%
- YTD
- 24.48%
- 1Y
- 64.61%
- 3Y*
- -31.62%
- 5Y*
- —
- 10Y*
- —
YINN vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | -34.26% | 54.21% | 36.06% | -53.08% | -45.32% |
BITI ProShares Short Bitcoin ETF | 24.48% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between YINN and BITI is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.23 |
The correlation between YINN and BITI shifts across timeframes, from -0.34 (1 year) to -0.20 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
YINN vs. BITI — Risk / Return Rank
YINN
BITI
YINN vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and ProShares Short Bitcoin ETF (BITI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| YINN | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.25 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 2.57 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.14 | 6.38 | -7.52 |
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Drawdowns
YINN vs. BITI - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, which is greater than BITI's maximum drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for YINN and BITI.
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Drawdown Indicators
| YINN | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.87% | -92.16% | -6.71% |
Max Drawdown (1Y)Largest decline over 1 year | -61.64% | -25.28% | -36.36% |
Max Drawdown (3Y)Largest decline over 3 years | -69.08% | -84.63% | +15.55% |
Max Drawdown (5Y)Largest decline over 5 years | -95.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | — | — |
Current DrawdownCurrent decline from peak | -97.67% | -86.41% | -11.26% |
Average DrawdownAverage peak-to-trough decline | -68.67% | -68.40% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.40% | 10.16% | +20.24% |
Volatility
YINN vs. BITI - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 18.92% compared to ProShares Short Bitcoin ETF (BITI) at 10.76%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YINN | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.92% | 10.76% | +8.16% |
Volatility (6M)Calculated over the trailing 6-month period | 42.67% | 34.28% | +8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.32% | 44.15% | +15.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.22% | 52.24% | +41.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.53% | 52.24% | +29.29% |
YINN vs. BITI - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than BITI's 1.03% expense ratio.
Dividends
YINN vs. BITI - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.36%, less than BITI's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.62% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YINN Direxion Daily China 3x Bull Shares | 1.36% | 1.12% | 1.81% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% |
Frequently Asked Questions
YINN and BITI have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YINN has higher volatility (18.92%) compared to BITI (10.76%). In terms of maximum drawdown, YINN dropped -98.87% vs BITI's -92.16%.
On 3-year performance, YINN leads with -7.53% vs -31.62% for BITI. On fees, BITI is cheaper at 1.03% per year. On volatility, BITI has been the lower-risk option at 10.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YINN has performed better with a -7.53% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITI is cheaper with a 1.03% expense ratio, compared with 1.52% for YINN.
BITI has the higher dividend yield at 15.62%, compared with 1.36% for YINN.
YINN is categorized as China Equities, while BITI is Cryptocurrency. YINN tracks FTSE China 50 Index (300%), while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.52% for YINN and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.47 vs -0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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