YINN vs. CN

Last updated Jul 16, 2026

YINN (Direxion Daily China 3x Bull Shares) and CN (Xtrackers MSCI All China Equity ETF) are both China Equities funds - YINN tracks the FTSE China 50 Index (300%) while CN tracks the MSCI China All Shares. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. YINN charges 1.52%/yr vs 0.50%/yr for CN.

Performance

YINN vs. CN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bull Shares (YINN) and Xtrackers MSCI All China Equity ETF (CN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

YINN

• 1D: 4.55%
• 1M: -8.89%
• 6M: -42.95%
• YTD: -35.64%
• 1Y: -36.89%
• 3Y*: -8.66%
• 5Y*: -38.06%
• 10Y*: -20.77%

CN

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YINN vs. CN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YINN Direxion Daily China 3x Bull Shares	-35.64%	54.21%	36.06%	-53.08%	-71.97%	-58.56%	-7.75%	28.92%	-48.47%	129.79%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-11.87%	-23.85%	-12.74%	31.55%	26.79%	-22.41%	43.69%

Correlation

The correlation between YINN and CN is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 30, 2014	0.77

The correlation between YINN and CN shifts across timeframes, from 0.44 (3 years) to 0.79 (10 years), reflecting how their relationship changes across market environments.

YINN vs. CN - Sectors Allocation Comparison

Sectors	YINN	CN
Financial Services	34.8%	55.1%
Consumer Cyclical	26.4%	5.4%
Communication Services	16.3%	0.4%
Technology	5.4%	0.3%
Energy	5.3%	0.9%
Basic Materials	3.9%	0.6%
Industrials	3.2%	1.0%
Healthcare	2.3%	0.8%
Real Estate	1.1%	0.8%
Consumer Defensive	0.9%	0.3%
Utilities	0.4%	0.2%

Return for Risk

YINN vs. CN — Risk / Return Rank

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

YINN

YINN Risk / Return Rank: 4
YINN Sharpe Ratio Rank: 4
YINN Sortino Ratio Rank: 5
YINN Omega Ratio Rank: 5
YINN Calmar Ratio Rank: 4
YINN Martin Ratio Rank: 3

CN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. CN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and Xtrackers MSCI All China Equity ETF (CN). 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	CN	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	—	—
Sortino ratio: Return per unit of downside risk	-0.67	—	—
Omega ratio: Gain probability vs. loss probability	0.92	—	—
Calmar ratio: Return relative to maximum drawdown	-0.60	—	—
Martin ratio: Return relative to average drawdown	-1.22	—	—

Drawdowns

Drawdown Indicators

	YINN	CN	Difference
Max Drawdown Largest peak-to-trough decline	-98.87%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-61.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-69.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-95.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.59%	—	—
Current Drawdown Current decline from peak	-97.72%	—	—
Average Drawdown Average peak-to-trough decline	-68.66%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	30.24%	—	—

Volatility

Volatility by Period

	YINN	CN	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	59.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.21%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.55%	—	—

YINN vs. CN - Expense Ratio Comparison

YINN has a 1.52% expense ratio, which is higher than CN's 0.50% expense ratio.

Dividends

YINN vs. CN - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.39%, while CN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%
YINN Direxion Daily China 3x Bull Shares	1.39%	1.12%	1.81%	4.17%	1.16%	0.73%	0.76%	1.38%	1.02%	1.11%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YINN and CN in my portfolio?

YINN and CN have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YINN or CN?

On fees, CN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YINN or CN?

CN is cheaper with a 0.50% expense ratio, compared with 1.52% for YINN.

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

YINN has the higher dividend yield at 1.39%, compared with 0.00% for CN.

What is the main difference between YINN and CN?

YINN tracks FTSE China 50 Index (300%), while CN tracks MSCI China All Shares. They also come from different issuers: Direxion and Deutsche Bank. Their fees differ too: 1.52% for YINN and 0.50% for CN.