YINN vs. FNGU

Last updated Jul 22, 2026

YINN (Direxion Daily China 3x Bull Shares) and FNGU (MicroSectors FANG+ 3X Leveraged ETNs) are both exchange-traded funds - YINN is a China Equities fund tracking the FTSE China 50 Index (300%), while FNGU is a Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%). Both are passively managed. Over the past year, YINN returned -37.98% vs 11.04% for FNGU. At a 0.34 correlation, their price movements are largely independent. YINN charges 1.52%/yr vs 2.60%/yr for FNGU.

Performance

YINN vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bull Shares (YINN) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YINN achieves a -33.90% return, which is significantly lower than FNGU's 10.29% return.

YINN

• 1D: -3.53%
• 1M: 9.93%
• 6M: -35.93%
• YTD: -33.90%
• 1Y: -37.98%
• 3Y*: -5.40%
• 5Y*: -37.22%
• 10Y*: -20.67%
• ALL TIME*: -17.54%

FNGU

• 1D: 2.99%
• 1M: -5.11%
• 6M: 29.10%
• YTD: 10.29%
• 1Y: 11.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.46%

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

YINN vs. FNGU - Yearly Performance Comparison

	2026 (YTD)	2025
YINN Direxion Daily China 3x Bull Shares	-33.90%	5.84%
FNGU MicroSectors FANG+ 3X Leveraged ETNs	10.29%	3.02%

Correlation

The correlation between YINN and FNGU is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.34

YINN vs. FNGU - Sectors Allocation Comparison

Sectors	YINN	FNGU
Financial Services	35.2%	-
Consumer Cyclical	25.3%	9.6%
Communication Services	17.8%	29.8%
Technology	5.9%	60.6%
Energy	4.8%	-
Basic Materials	3.4%	-
Industrials	2.8%	-
Healthcare	2.6%	-
Real Estate	1.0%	-
Consumer Defensive	0.8%	-
Utilities	0.3%	-

Return for Risk

YINN vs. FNGU — 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

FNGU

FNGU Risk / Return Rank: 15
FNGU Sharpe Ratio Rank: 14
FNGU Sortino Ratio Rank: 18
FNGU Omega Ratio Rank: 18
FNGU Calmar Ratio Rank: 13
FNGU Martin Ratio Rank: 13

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. FNGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU). 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	FNGU	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	0.17	-0.81
Sortino ratio: Return per unit of downside risk	-0.69	0.69	-1.38
Omega ratio: Gain probability vs. loss probability	0.92	1.08	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.62	0.19	-0.80
Martin ratio: Return relative to average drawdown	-1.23	0.42	-1.65

YINN vs. FNGU - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is -0.64, which is lower than the FNGU Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of YINN and FNGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YINN vs. FNGU - Drawdown Comparison

The maximum YINN drawdown since its inception was -98.87%, which is greater than FNGU's maximum drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for YINN and FNGU.

Drawdown Indicators

	YINN	FNGU	Difference
Max Drawdown Largest peak-to-trough decline	-98.87%	-61.30%	-37.57%
Max Drawdown (1Y) Largest decline over 1 year	-61.64%	-59.55%	-2.09%
Max Drawdown (3Y) Largest decline over 3 years	-69.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.59%	—	—
Current Drawdown Current decline from peak	-97.66%	-22.93%	-74.73%
Average Drawdown Average peak-to-trough decline	-68.69%	-22.44%	-46.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.89%	26.14%	+4.75%

Volatility

YINN vs. FNGU - Volatility Comparison

Direxion Daily China 3x Bull Shares (YINN) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU) have volatilities of 18.40% and 18.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YINN	FNGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.40%	18.17%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	43.29%	53.37%	-10.08%
Volatility (1Y) Calculated over the trailing 1-year period	59.89%	64.82%	-4.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.28%	79.79%	+14.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.59%	79.79%	+1.80%

YINN vs. FNGU - Expense Ratio Comparison

YINN has a 1.52% expense ratio, which is lower than FNGU's 2.60% expense ratio.

Dividends

YINN vs. FNGU - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.35%, while FNGU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNGU MicroSectors FANG+ 3X Leveraged ETNs	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	1.35%	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 FNGU in my portfolio?

YINN and FNGU have a correlation of 0.36, 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 FNGU?

YINN has higher volatility (18.40%) compared to FNGU (18.17%). In terms of maximum drawdown, YINN dropped -98.87% vs FNGU's -61.30%.

Which ETF is better, YINN or FNGU?

On 1-year performance, FNGU leads with 11.04% vs -37.98% for YINN. On fees, YINN is cheaper at 1.52% per year. On volatility, FNGU has been the lower-risk option at 18.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YINN or FNGU?

Over the 1-year period, FNGU has performed better with a 11.04% return vs -37.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YINN or FNGU?

YINN is cheaper with a 1.52% expense ratio, compared with 2.60% for FNGU.

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

YINN has the higher dividend yield at 1.35%, compared with 0.00% for FNGU.

What is the main difference between YINN and FNGU?

YINN is categorized as China Equities, while FNGU is Leveraged Equities. YINN tracks FTSE China 50 Index (300%), while FNGU tracks NYSE FANG+ Index (Gross Total Return) (300%). They also come from different issuers: Direxion and Bank of Montreal. Their fees differ too: 1.52% for YINN and 2.60% for FNGU.

Which has better risk-adjusted returns?

FNGU currently has the higher Sharpe Ratio (0.17 vs -0.64), 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.