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YINN vs. ECNS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

YINN vs. ECNS

Last updated Jun 5, 2026

YINN (Direxion Daily China 3x Bull Shares) and ECNS (iShares MSCI China Small-Cap ETF) are both exchange-traded funds - YINN is a Leveraged Equities fund tracking the FTSE China 50 Index (300%), while ECNS is a Asia Pacific Equities fund tracking the MSCI China Small Cap Index. Both are passively managed. Over the past 10 years, YINN returned -19.13%/yr vs 1.77%/yr for ECNS. A 0.74 correlation means they provide meaningful diversification when combined. YINN charges 1.52%/yr vs 0.59%/yr for ECNS.

Performance

YINN vs. ECNS - 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 Small-Cap ETF (ECNS). 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 -28.25% return, which is significantly lower than ECNS's -4.50% return. Over the past 10 years, YINN has underperformed ECNS with an annualized return of -19.13%, while ECNS has yielded a comparatively higher 1.77% annualized return.

YINN

1D
-0.52%
1M
-10.06%
YTD
-28.25%
6M
-32.42%
1Y
-20.61%
3Y*
-2.89%
5Y*
-38.69%
10Y*
-19.13%

ECNS

1D
-0.01%
1M
-6.20%
YTD
-4.50%
6M
-7.71%
1Y
11.26%
3Y*
7.75%
5Y*
-6.97%
10Y*
1.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

YINN vs. ECNS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
YINN
Direxion Daily China 3x Bull Shares		-28.25%54.21%36.06%-53.08%-71.97%-58.56%-7.75%28.92%-48.47%129.79%
ECNS
iShares MSCI China Small-Cap ETF		-4.50%36.49%5.64%-23.05%-24.58%2.11%25.42%7.84%-18.27%27.55%

Correlation

The correlation between YINN and ECNS is 0.69, 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

0.69

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

0.81

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

0.83

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

0.79

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2010

0.74

The correlation between YINN and ECNS shifts across timeframes, from 0.69 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

YINN vs. ECNS - Sectors Allocation Comparison

Sectors
YINN
ECNS

Financial Services

34.7%
4.4%

Consumer Cyclical

27.4%
8.8%

Communication Services

15.7%
4.5%

Energy

5.6%
3.4%

Technology

5.5%
16.9%

Basic Materials

4.2%
7.8%

Industrials

2.4%
16.2%

Healthcare

2.3%
19.8%

Real Estate

1.0%
8.8%

Consumer Defensive

0.9%
4.0%

Utilities

0.4%
2.6%

Financial Services

YINN
34.7%
ECNS
4.4%

Consumer Cyclical

YINN
27.4%
ECNS
8.8%

Communication Services

YINN
15.7%
ECNS
4.5%

Energy

YINN
5.6%
ECNS
3.4%

Technology

YINN
5.5%
ECNS
16.9%

Basic Materials

YINN
4.2%
ECNS
7.8%

Industrials

YINN
2.4%
ECNS
16.2%

Healthcare

YINN
2.3%
ECNS
19.8%

Real Estate

YINN
1.0%
ECNS
8.8%

Consumer Defensive

YINN
0.9%
ECNS
4.0%

Utilities

YINN
0.4%
ECNS
2.6%

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 Small-Cap ETF

Often compared with YINN:
YINN vs. YANGYINN vs. KWEBYINN vs. CWEBYINN vs. CHAUYINN vs. XPPYINN vs. AFTYYINN vs. EDC
Often compared with ECNS:
ECNS vs. ASHSECNS vs. MCHIECNS vs. CNXTECNS vs. DFAEECNS vs. CQQQECNS vs. FLCHECNS vs. EWT

Return for Risk

YINN vs. ECNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YINN
YINN Risk / Return Rank: 66
Overall Rank
YINN Sharpe Ratio Rank: 66
Sharpe Ratio Rank
YINN Sortino Ratio Rank: 77
Sortino Ratio Rank
YINN Omega Ratio Rank: 77
Omega Ratio Rank
YINN Calmar Ratio Rank: 55
Calmar Ratio Rank
YINN Martin Ratio Rank: 55
Martin Ratio Rank
ECNS
ECNS Risk / Return Rank: 1717
Overall Rank
ECNS Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
ECNS Sortino Ratio Rank: 1818
Sortino Ratio Rank
ECNS Omega Ratio Rank: 1919
Omega Ratio Rank
ECNS Calmar Ratio Rank: 1717
Calmar Ratio Rank
ECNS Martin Ratio Rank: 1515
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. ECNS - 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 Small-Cap ETF (ECNS). 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.

YINNECNSDifference
Sharpe ratioReturn per unit of total volatility
-0.35
0.54

-0.90

Sortino ratioReturn per unit of downside risk
-0.15
0.85

-1.00

Omega ratioGain probability vs. loss probability

0.98

1.11

-0.13

Calmar ratioReturn relative to maximum drawdown

-0.43

0.63

-1.06

Martin ratioReturn relative to average drawdown

-0.85

1.22

-2.07

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. ECNS - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is -0.35, which is lower than the ECNS Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of YINN and ECNS, 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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Sharpe Ratios by Period

YINNECNSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.35

0.54

-0.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.41

-0.24

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.23

0.07

-0.30

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.22

0.02

-0.24

Drawdowns

YINN vs. ECNS - Drawdown Comparison

The maximum YINN drawdown since its inception was -98.87%, which is greater than ECNS's maximum drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for YINN and ECNS.

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Drawdown Indicators

YINNECNSDifference

Max Drawdown

Largest peak-to-trough decline

-98.87%

-63.43%

-35.44%

Max Drawdown (1Y)

Largest decline over 1 year

-47.74%

-18.09%

-29.65%

Max Drawdown (3Y)

Largest decline over 3 years

-69.08%

-31.72%

-37.36%

Max Drawdown (5Y)

Largest decline over 5 years

-96.28%

-59.61%

-36.67%

Max Drawdown (10Y)

Largest decline over 10 years

-98.59%

-63.43%

-35.16%

Current Drawdown

Current decline from peak

-97.46%

-38.53%

-58.93%

Average Drawdown

Average peak-to-trough decline

-68.48%

-29.39%

-39.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

24.39%

9.21%

+15.18%

Volatility

YINN vs. ECNS - Volatility Comparison

Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 21.19% compared to iShares MSCI China Small-Cap ETF (ECNS) at 5.65%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than ECNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

YINNECNSDifference

Volatility (1M)

Calculated over the trailing 1-month period

21.19%

5.65%

+15.54%

Volatility (6M)

Calculated over the trailing 6-month period

42.60%

12.87%

+29.73%

Volatility (1Y)

Calculated over the trailing 1-year period

58.73%

20.91%

+37.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

94.19%

29.44%

+64.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

81.78%

25.89%

+55.89%

YINN vs. ECNS - Expense Ratio Comparison

YINN has a 1.52% expense ratio, which is higher than ECNS's 0.59% expense ratio.

Dividends

YINN vs. ECNS - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.39%, less than ECNS's 6.49% yield.

PositionTTM20252024202320222021202020192018201720162015
ECNS
iShares MSCI China Small-Cap ETF		6.49%6.20%5.98%4.89%3.54%4.87%3.59%3.23%6.16%3.18%4.29%3.58%
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

YINN and ECNS have a correlation of 0.69, 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 ECNS (5.65%). In terms of maximum drawdown, YINN dropped -98.87% vs ECNS's -63.43%.

On 10-year performance, ECNS leads with 1.77% vs -19.13% for YINN. On fees, ECNS is cheaper at 0.59% per year. On volatility, ECNS has been the lower-risk option at 5.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ECNS has performed better with a 1.77% return vs -19.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ECNS is cheaper with a 0.59% expense ratio, compared with 1.52% for YINN.

ECNS has the higher dividend yield at 6.49%, compared with 1.39% for YINN.

YINN is categorized as Leveraged Equities, while ECNS is Asia Pacific Equities. YINN tracks FTSE China 50 Index (300%), while ECNS tracks MSCI China Small Cap Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.52% for YINN and 0.59% for ECNS.

ECNS currently has the higher Sharpe Ratio (0.54 vs -0.35), 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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