YINN vs. CWEB
Compare and contrast key facts about Direxion Daily China 3x Bull Shares (YINN) and Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB).
YINN and CWEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YINN is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (300%). It was launched on Dec 3, 2009. CWEB is a passively managed fund by Direxion that tracks the performance of the CSI China Overseas Internet Index (200%). It was launched on Nov 2, 2016. Both YINN and CWEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YINN or CWEB.
Key characteristics
| YINN | CWEB | |
|---|---|---|
| YTD Return | 35.64% | 4.79% |
| 1Y Return | 3.49% | 0.69% |
| 3Y Return (Ann) | -50.21% | -46.10% |
| 5Y Return (Ann) | -39.05% | -32.49% |
| Sharpe Ratio | 0.10 | 0.06 |
| Sortino Ratio | 0.89 | 0.68 |
| Omega Ratio | 1.11 | 1.08 |
| Calmar Ratio | 0.10 | 0.05 |
| Martin Ratio | 0.30 | 0.19 |
| Ulcer Index | 33.14% | 24.92% |
| Daily Std Dev | 97.92% | 76.55% |
| Max Drawdown | -98.87% | -98.09% |
| Current Drawdown | -97.71% | -96.70% |
Correlation
The correlation between YINN and CWEB is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YINN vs. CWEB - Performance Comparison
In the year-to-date period, YINN achieves a 35.64% return, which is significantly higher than CWEB's 4.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YINN vs. CWEB - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than CWEB's 1.30% expense ratio.
Risk-Adjusted Performance
YINN vs. CWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB). 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.
Dividends
YINN vs. CWEB - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 2.10%, less than CWEB's 2.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | 2.10% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% |
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 2.46% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% | 0.00% | 0.00% | 0.00% |
Drawdowns
YINN vs. CWEB - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, roughly equal to the maximum CWEB drawdown of -98.09%. Use the drawdown chart below to compare losses from any high point for YINN and CWEB. For additional features, visit the drawdowns tool.
Volatility
YINN vs. CWEB - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 34.21% compared to Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) at 25.65%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than CWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.