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YINN vs. CNYA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

YINN vs. CNYA

Last updated Jul 16, 2026
Documentation

YINN (Direxion Daily China 3x Bull Shares) and CNYA (iShares MSCI China A ETF) are both China Equities funds - YINN tracks the FTSE China 50 Index (300%) while CNYA tracks the MSCI China A Inclusion Index. Both are passively managed. Over the past 10 years, YINN returned -20.77%/yr vs 5.56%/yr for CNYA. A 0.69 correlation means they provide meaningful diversification when combined. YINN charges 1.52%/yr vs 0.60%/yr for CNYA.

Performance

YINN vs. CNYA - Performance Comparison

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

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Returns By Period

In the year-to-date period, YINN achieves a -35.64% return, which is significantly lower than CNYA's 6.12% return. Over the past 10 years, YINN has underperformed CNYA with an annualized return of -20.77%, while CNYA has yielded a comparatively higher 5.56% annualized return.

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%

CNYA

1D
-0.11%
1M
-3.25%
6M
3.08%
YTD
6.12%
1Y
27.35%
3Y*
9.98%
5Y*
-0.93%
10Y*
5.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

YINN vs. CNYA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
CNYA
iShares MSCI China A ETF		6.12%26.48%10.78%-13.76%-26.51%3.53%41.54%35.95%-26.56%30.99%

Correlation

The correlation between YINN and CNYA is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (10Y)
Calculated over the trailing 10-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Jun 15, 2016

0.69

The correlation between YINN and CNYA has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.

YINN vs. CNYA - Sectors Allocation Comparison

Sectors
YINN
CNYA

Financial Services

34.8%
17.6%

Consumer Cyclical

26.4%
5.2%

Communication Services

16.3%
1.3%

Technology

5.4%
31.7%

Energy

5.3%
3.1%

Basic Materials

3.9%
11.2%

Industrials

3.2%
15.4%

Healthcare

2.3%
3.9%

Real Estate

1.1%
0.6%

Consumer Defensive

0.9%
6.8%

Utilities

0.4%
3.3%

Financial Services

YINN
34.8%
CNYA
17.6%

Consumer Cyclical

YINN
26.4%
CNYA
5.2%

Communication Services

YINN
16.3%
CNYA
1.3%

Technology

YINN
5.4%
CNYA
31.7%

Energy

YINN
5.3%
CNYA
3.1%

Basic Materials

YINN
3.9%
CNYA
11.2%

Industrials

YINN
3.2%
CNYA
15.4%

Healthcare

YINN
2.3%
CNYA
3.9%

Real Estate

YINN
1.1%
CNYA
0.6%

Consumer Defensive

YINN
0.9%
CNYA
6.8%

Utilities

YINN
0.4%
CNYA
3.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Direxion Daily China 3x Bull Shares

iShares MSCI China A ETF

Often compared with YINN:
YINN vs. YANGYINN vs. KWEBYINN vs. CWEBYINN vs. CHAUYINN vs. XPPYINN vs. EDCYINN vs. MCHI
Often compared with CNYA:
CNYA vs. MCHICNYA vs. ASHRCNYA vs. ICHN.ASCNYA vs. KBACNYA vs. FLCHCNYA vs. ICGA.DECNYA vs. GXC

Return for Risk

YINN vs. CNYA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YINN
YINN Risk / Return Rank: 44
Overall Rank
YINN Sharpe Ratio Rank: 44
Sharpe Ratio Rank
YINN Sortino Ratio Rank: 55
Sortino Ratio Rank
YINN Omega Ratio Rank: 55
Omega Ratio Rank
YINN Calmar Ratio Rank: 44
Calmar Ratio Rank
YINN Martin Ratio Rank: 33
Martin Ratio Rank
CNYA
CNYA Risk / Return Rank: 5959
Overall Rank
CNYA Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
CNYA Sortino Ratio Rank: 4848
Sortino Ratio Rank
CNYA Omega Ratio Rank: 4949
Omega Ratio Rank
CNYA Calmar Ratio Rank: 8383
Calmar Ratio Rank
CNYA Martin Ratio Rank: 6565
Martin Ratio Rank
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. CNYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and iShares MSCI China A ETF (CNYA). 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.

YINNCNYADifference
Sharpe ratioReturn per unit of total volatility
-0.62
1.41

-2.03

Sortino ratioReturn per unit of downside risk
-0.67
1.98

-2.65

Omega ratioGain probability vs. loss probability

0.92

1.25

-0.33

Calmar ratioReturn relative to maximum drawdown

-0.60

3.53

-4.13

Martin ratioReturn relative to average drawdown

-1.22

9.24

-10.47

YINN vs. CNYA - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is -0.62, which is lower than the CNYA Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of YINN and CNYA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

YINN vs. CNYA - Drawdown Comparison

The maximum YINN drawdown since its inception was -98.87%, which is greater than CNYA's maximum drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for YINN and CNYA.

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Drawdown Indicators

YINNCNYADifference

Max Drawdown

Largest peak-to-trough decline

-98.87%

-49.49%

-49.38%

Max Drawdown (1Y)

Largest decline over 1 year

-61.64%

-7.77%

-53.87%

Max Drawdown (3Y)

Largest decline over 3 years

-69.08%

-33.35%

-35.73%

Max Drawdown (5Y)

Largest decline over 5 years

-95.48%

-44.65%

-50.83%

Max Drawdown (10Y)

Largest decline over 10 years

-98.59%

-49.49%

-49.10%

Current Drawdown

Current decline from peak

-97.72%

-15.93%

-81.79%

Average Drawdown

Average peak-to-trough decline

-68.66%

-20.61%

-48.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

30.24%

2.97%

+27.27%

Volatility

YINN vs. CNYA - Volatility Comparison

Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 18.79% compared to iShares MSCI China A ETF (CNYA) at 8.94%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than CNYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

YINNCNYADifference

Volatility (1M)

Calculated over the trailing 1-month period

18.79%

8.94%

+9.85%

Volatility (6M)

Calculated over the trailing 6-month period

42.66%

15.16%

+27.50%

Volatility (1Y)

Calculated over the trailing 1-year period

59.57%

19.55%

+40.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

94.21%

24.04%

+70.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

81.55%

23.60%

+57.95%

YINN vs. CNYA - Expense Ratio Comparison

YINN has a 1.52% expense ratio, which is higher than CNYA's 0.60% expense ratio.

Dividends

YINN vs. CNYA - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.39%, less than CNYA's 1.77% yield.

PositionTTM2025202420232022202120202019201820172016
CNYA
iShares MSCI China A ETF		1.77%1.92%2.51%4.23%2.69%1.11%1.06%1.21%3.92%0.97%1.38%
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%

Frequently Asked Questions

YINN and CNYA have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

YINN has higher volatility (18.79%) compared to CNYA (8.94%). In terms of maximum drawdown, YINN dropped -98.87% vs CNYA's -49.49%.

On 10-year performance, CNYA leads with 5.56% vs -20.77% for YINN. On fees, CNYA is cheaper at 0.60% per year. On volatility, CNYA has been the lower-risk option at 8.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, CNYA has performed better with a 5.56% return vs -20.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

CNYA is cheaper with a 0.60% expense ratio, compared with 1.52% for YINN.

CNYA has the higher dividend yield at 1.77%, compared with 1.39% for YINN.

YINN tracks FTSE China 50 Index (300%), while CNYA tracks MSCI China A Inclusion Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.52% for YINN and 0.60% for CNYA.

CNYA currently has the higher Sharpe Ratio (1.41 vs -0.62), 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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