YINN vs. BOIL

Last updated Jun 4, 2026

YINN (Direxion Daily China 3x Bull Shares) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - YINN is a Leveraged Equities fund tracking the FTSE China 50 Index (300%), while BOIL is a Leveraged Commodities fund tracking the Bloomberg Natural Gas Subindex. Both are passively managed. Over the past 10 years, YINN returned -18.76%/yr vs -56.95%/yr for BOIL. At a 0.01 correlation, their price movements are largely independent. YINN charges 1.52%/yr vs 1.31%/yr for BOIL.

Performance

YINN vs. BOIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bull Shares (YINN) and ProShares Ultra Bloomberg Natural Gas (BOIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YINN achieves a -27.88% return, which is significantly higher than BOIL's -36.77% return. Over the past 10 years, YINN has outperformed BOIL with an annualized return of -18.76%, while BOIL has yielded a comparatively lower -56.95% 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%

BOIL

• 1D: 4.32%
• 1M: 4.62%
• YTD: -36.77%
• 6M: -62.98%
• 1Y: -74.31%
• 3Y*: -60.61%
• 5Y*: -64.63%
• 10Y*: -56.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

YINN vs. BOIL - 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%
BOIL ProShares Ultra Bloomberg Natural Gas	-36.77%	-58.98%	-60.75%	-92.00%	-31.85%	23.84%	-74.74%	-67.70%	-20.55%	-65.72%

Correlation

The correlation between YINN and BOIL is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Oct 7, 2011	0.01

The correlation between YINN and BOIL shifts across timeframes, from -0.10 (1 year) to 0.02 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

YINN vs. BOIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YINN

YINN Risk / Return Rank: 6
YINN Sharpe Ratio Rank: 6
YINN Sortino Ratio Rank: 7
YINN Omega Ratio Rank: 7
YINN Calmar Ratio Rank: 6
YINN Martin Ratio Rank: 6

BOIL

BOIL Risk / Return Rank: 3
BOIL Sharpe Ratio Rank: 3
BOIL Sortino Ratio Rank: 4
BOIL Omega Ratio Rank: 3
BOIL Calmar Ratio Rank: 1
BOIL Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YINN vs. BOIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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	BOIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	-0.66	+0.38
Sortino ratio: Return per unit of downside risk	-0.01	-0.78	+0.78
Omega ratio: Gain probability vs. loss probability	1.00	0.90	+0.10
Calmar ratio: Return relative to maximum drawdown	-0.34	-0.92	+0.58
Martin ratio: Return relative to average drawdown	-0.66	-1.26	+0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YINN vs. BOIL - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is -0.27, which is higher than the BOIL Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of YINN and BOIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	YINN	BOIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	-0.66	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	-0.55	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.23	-0.56	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	-0.61	+0.39

Drawdowns

YINN vs. BOIL - Drawdown Comparison

The maximum YINN drawdown since its inception was -98.87%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for YINN and BOIL.

Drawdown Indicators

	YINN	BOIL	Difference
Max Drawdown Largest peak-to-trough decline	-98.87%	-100.00%	+1.13%
Max Drawdown (1Y) Largest decline over 1 year	-47.74%	-80.85%	+33.11%
Max Drawdown (3Y) Largest decline over 3 years	-69.08%	-96.86%	+27.78%
Max Drawdown (5Y) Largest decline over 5 years	-96.28%	-99.91%	+3.63%
Max Drawdown (10Y) Largest decline over 10 years	-98.59%	-99.99%	+1.40%
Current Drawdown Current decline from peak	-97.44%	-100.00%	+2.56%
Average Drawdown Average peak-to-trough decline	-68.47%	-93.59%	+25.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.22%	59.20%	-34.98%

Volatility

YINN vs. BOIL - Volatility Comparison

The current volatility for Direxion Daily China 3x Bull Shares (YINN) is 21.19%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 23.95%. This indicates that YINN experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YINN	BOIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.19%	23.95%	-2.76%
Volatility (6M) Calculated over the trailing 6-month period	42.61%	107.61%	-65.00%
Volatility (1Y) Calculated over the trailing 1-year period	58.82%	113.64%	-54.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.20%	118.89%	-24.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.79%	101.81%	-20.02%

YINN vs. BOIL - Expense Ratio Comparison

YINN has a 1.52% expense ratio, which is higher than BOIL's 1.31% expense ratio.

Dividends

YINN vs. BOIL - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.38%, while BOIL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BOIL ProShares Ultra Bloomberg Natural Gas	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

Can I hold both YINN and BOIL in my portfolio?

YINN and BOIL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YINN or BOIL?

BOIL has higher volatility (23.95%) compared to YINN (21.19%). In terms of maximum drawdown, YINN dropped -98.87% vs BOIL's -100.00%.

Which ETF is better, YINN or BOIL?

On 10-year performance, YINN leads with -18.76% vs -56.95% for BOIL. On fees, BOIL is cheaper at 1.31% per year. On volatility, YINN has been the lower-risk option at 21.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YINN or BOIL?

Over the 10-year period, YINN has performed better with a -18.76% return vs -56.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YINN or BOIL?

BOIL is cheaper with a 1.31% expense ratio, compared with 1.52% for YINN.

Which ETF pays a higher dividend yield, YINN or BOIL?

YINN has the higher dividend yield at 1.38%, compared with 0.00% for BOIL.

What is the main difference between YINN and BOIL?

YINN is categorized as Leveraged Equities, while BOIL is Leveraged Commodities. YINN tracks FTSE China 50 Index (300%), while BOIL tracks Bloomberg Natural Gas Subindex. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.52% for YINN and 1.31% for BOIL.

Which has better risk-adjusted returns?

YINN currently has the higher Sharpe Ratio (-0.27 vs -0.66), 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.