YINN vs. BNO
YINN (Direxion Daily China 3x Bull Shares) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - YINN is a Leveraged Equities fund tracking the FTSE China 50 Index (300%), while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 10 years, YINN returned -18.76%/yr vs 13.60%/yr for BNO. At a 0.23 correlation, their price movements are largely independent. YINN charges 1.52%/yr vs 0.90%/yr for BNO.
Performance
YINN vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, YINN achieves a -27.88% return, which is significantly lower than BNO's 90.47% return. Over the past 10 years, YINN has underperformed BNO with an annualized return of -18.76%, while BNO has yielded a comparatively higher 13.60% annualized return.
YINN
- 1D
- -6.72%
- 1M
- -10.09%
- YTD
- -27.88%
- 6M
- -31.54%
- 1Y
- -16.05%
- 3Y*
- -2.89%
- 5Y*
- -38.62%
- 10Y*
- -18.76%
BNO
- 1D
- 1.99%
- 1M
- -10.29%
- YTD
- 90.47%
- 6M
- 86.00%
- 1Y
- 91.89%
- 3Y*
- 27.93%
- 5Y*
- 24.16%
- 10Y*
- 13.60%
YINN vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | -27.88% | 54.21% | 36.06% | -53.08% | -71.97% | -58.56% | -7.75% | 28.92% | -48.47% | 129.79% |
BNO United States Brent Oil Fund LP | 90.47% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 36.01% | -15.30% | 15.43% |
Correlation
The correlation between YINN and BNO is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2010 | 0.23 |
The correlation between YINN and BNO shifts across timeframes, from -0.16 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YINN vs. BNO — Risk / Return Rank
YINN
BNO
YINN vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and United States Brent Oil Fund LP (BNO). 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.
| YINN | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.38 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 5.17 | -5.51 |
| Martin ratioReturn relative to average drawdown | -0.66 | 9.76 | -10.42 |
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
| YINN | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 2.23 | -2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | 0.69 | -1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | 0.37 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.14 | -0.36 |
Drawdowns
YINN vs. BNO - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, which is greater than BNO's maximum drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for YINN and BNO.
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Drawdown Indicators
| YINN | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.87% | -87.06% | -11.81% |
Max Drawdown (1Y)Largest decline over 1 year | -47.74% | -17.87% | -29.87% |
Max Drawdown (3Y)Largest decline over 3 years | -69.08% | -23.75% | -45.33% |
Max Drawdown (5Y)Largest decline over 5 years | -96.28% | -33.70% | -62.58% |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | -75.18% | -23.41% |
Current DrawdownCurrent decline from peak | -97.44% | -10.29% | -87.15% |
Average DrawdownAverage peak-to-trough decline | -68.47% | -40.17% | -28.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.22% | 9.45% | +14.77% |
Volatility
YINN vs. BNO - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 21.19% compared to United States Brent Oil Fund LP (BNO) at 14.22%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than BNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YINN | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.19% | 14.22% | +6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 42.61% | 36.10% | +6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.82% | 41.46% | +17.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.20% | 35.38% | +58.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.79% | 36.68% | +45.11% |
YINN vs. BNO - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than BNO's 0.90% expense ratio.
Dividends
YINN vs. BNO - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.38%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YINN Direxion Daily China 3x Bull Shares | 1.38% | 1.12% | 1.81% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% |
Frequently Asked Questions
YINN and BNO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YINN has higher volatility (21.19%) compared to BNO (14.22%). In terms of maximum drawdown, YINN dropped -98.87% vs BNO's -87.06%.
On 10-year performance, BNO leads with 13.60% vs -18.76% for YINN. On fees, BNO is cheaper at 0.90% per year. On volatility, BNO has been the lower-risk option at 14.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BNO has performed better with a 13.60% return vs -18.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNO is cheaper with a 0.90% expense ratio, compared with 1.52% for YINN.
YINN has the higher dividend yield at 1.38%, compared with 0.00% for BNO.
YINN is categorized as Leveraged Equities, while BNO is Oil & Gas. YINN tracks FTSE China 50 Index (300%), while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Direxion and Concierge Technologies. Their fees differ too: 1.52% for YINN and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.23 vs -0.27), 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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