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YINN vs. FXI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

YINN vs. FXI

Last updated Jun 26, 2026

YINN (Direxion Daily China 3x Bull Shares) and FXI (iShares China Large-Cap ETF) are both exchange-traded funds - YINN is a Leveraged Equities fund tracking the FTSE China 50 Index (300%), while FXI is a China Equities fund tracking the FTSE China 50 Index. Both are passively managed. Over the past 10 years, YINN returned -20.45%/yr vs 2.22%/yr for FXI. With a 0.97 correlation, they move nearly in lockstep. YINN charges 1.52%/yr vs 0.74%/yr for FXI.

Performance

YINN vs. FXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bull Shares (YINN) and iShares China Large-Cap ETF (FXI). 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 -48.49% return, which is significantly lower than FXI's -16.64% return. Over the past 10 years, YINN has underperformed FXI with an annualized return of -20.45%, while FXI has yielded a comparatively higher 2.22% annualized return.

YINN

1D
-6.38%
1M
-30.18%
YTD
-48.49%
6M
-49.76%
1Y
-47.64%
3Y*
-11.77%
5Y*
-42.90%
10Y*
-20.45%

FXI

1D
-2.10%
1M
-10.72%
YTD
-16.64%
6M
-17.20%
1Y
-12.94%
3Y*
8.16%
5Y*
-5.43%
10Y*
2.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

YINN vs. FXI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
YINN
Direxion Daily China 3x Bull Shares		-48.49%54.21%36.06%-53.08%-71.97%-58.56%-7.75%28.92%-48.47%129.79%
FXI
iShares China Large-Cap ETF		-16.64%28.95%28.98%-12.42%-20.66%-20.06%8.92%14.90%-13.28%36.26%

Correlation

The correlation between YINN and FXI is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

1.00

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

1.00

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

1.00

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

1.00

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2009

0.97

The correlation between YINN and FXI has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.

YINN vs. FXI - Sectors Allocation Comparison

Sectors
YINN
FXI

Financial Services

34.8%
34.8%

Consumer Cyclical

26.4%
26.4%

Communication Services

16.3%
16.3%

Technology

5.4%
5.4%

Energy

5.3%
5.3%

Basic Materials

3.9%
3.9%

Industrials

3.2%
3.2%

Healthcare

2.3%
2.3%

Real Estate

1.1%
1.1%

Consumer Defensive

0.9%
0.9%

Utilities

0.4%
0.4%

Financial Services

YINN
34.8%
FXI
34.8%

Consumer Cyclical

YINN
26.4%
FXI
26.4%

Communication Services

YINN
16.3%
FXI
16.3%

Technology

YINN
5.4%
FXI
5.4%

Energy

YINN
5.3%
FXI
5.3%

Basic Materials

YINN
3.9%
FXI
3.9%

Industrials

YINN
3.2%
FXI
3.2%

Healthcare

YINN
2.3%
FXI
2.3%

Real Estate

YINN
1.1%
FXI
1.1%

Consumer Defensive

YINN
0.9%
FXI
0.9%

Utilities

YINN
0.4%
FXI
0.4%

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 China Large-Cap ETF

Often compared with YINN:
YINN vs. YANGYINN vs. KWEBYINN vs. CWEBYINN vs. CHAUYINN vs. XPPYINN vs. EDCYINN vs. MCHI
Often compared with FXI:
FXI vs. MCHIFXI vs. KWEBFXI vs. CQQQFXI vs. ASHRFXI vs. EWHFXI vs. EEMFXI vs. GXC

Return for Risk

YINN vs. FXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YINN
YINN Risk / Return Rank: 33
Overall Rank
YINN Sharpe Ratio Rank: 33
Sharpe Ratio Rank
YINN Sortino Ratio Rank: 33
Sortino Ratio Rank
YINN Omega Ratio Rank: 33
Omega Ratio Rank
YINN Calmar Ratio Rank: 33
Calmar Ratio Rank
YINN Martin Ratio Rank: 00
Martin Ratio Rank
FXI
FXI Risk / Return Rank: 44
Overall Rank
FXI Sharpe Ratio Rank: 44
Sharpe Ratio Rank
FXI Sortino Ratio Rank: 44
Sortino Ratio Rank
FXI Omega Ratio Rank: 44
Omega Ratio Rank
FXI Calmar Ratio Rank: 55
Calmar Ratio Rank
FXI Martin Ratio Rank: 11
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. FXI - Risk-Adjusted Trends Comparison

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

YINNFXIDifference
Sharpe ratioReturn per unit of total volatility
-0.81
-0.65

-0.16

Sortino ratioReturn per unit of downside risk
-1.10
-0.82

-0.28

Omega ratioGain probability vs. loss probability

0.87

0.90

-0.03

Calmar ratioReturn relative to maximum drawdown

-0.78

-0.57

-0.21

Martin ratioReturn relative to average drawdown

-1.75

-1.55

-0.20

YINN vs. FXI - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is -0.81, which is comparable to the FXI Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of YINN and FXI, 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. FXI - Drawdown Comparison

The maximum YINN drawdown since its inception was -98.87%, which is greater than FXI's maximum drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for YINN and FXI.

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Drawdown Indicators

YINNFXIDifference

Max Drawdown

Largest peak-to-trough decline

-98.87%

-72.68%

-26.19%

Max Drawdown (1Y)

Largest decline over 1 year

-61.16%

-22.72%

-38.44%

Max Drawdown (3Y)

Largest decline over 3 years

-69.08%

-28.72%

-40.36%

Max Drawdown (5Y)

Largest decline over 5 years

-96.28%

-54.94%

-41.34%

Max Drawdown (10Y)

Largest decline over 10 years

-98.59%

-60.81%

-37.78%

Current Drawdown

Current decline from peak

-98.17%

-34.36%

-63.81%

Average Drawdown

Average peak-to-trough decline

-68.57%

-31.21%

-37.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

27.29%

8.36%

+18.93%

Volatility

YINN vs. FXI - Volatility Comparison

Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 18.62% compared to iShares China Large-Cap ETF (FXI) at 6.21%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than FXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

YINNFXIDifference

Volatility (1M)

Calculated over the trailing 1-month period

18.62%

6.21%

+12.41%

Volatility (6M)

Calculated over the trailing 6-month period

44.10%

14.81%

+29.29%

Volatility (1Y)

Calculated over the trailing 1-year period

58.76%

19.88%

+38.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

94.34%

31.72%

+62.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

81.59%

27.60%

+53.99%

YINN vs. FXI - Expense Ratio Comparison

YINN has a 1.52% expense ratio, which is higher than FXI's 0.74% expense ratio.

Dividends

YINN vs. FXI - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.73%, less than FXI's 2.14% yield.

PositionTTM20252024202320222021202020192018201720162015
FXI
iShares China Large-Cap ETF		2.14%2.42%1.76%3.17%2.61%1.60%2.19%2.74%2.69%2.31%2.69%2.90%
YINN
Direxion Daily China 3x Bull Shares		1.73%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

With a correlation of 1.00, YINN and FXI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

YINN has higher volatility (18.62%) compared to FXI (6.21%). In terms of maximum drawdown, YINN dropped -98.87% vs FXI's -72.68%.

On 10-year performance, FXI leads with 2.22% vs -20.45% for YINN. On fees, FXI is cheaper at 0.74% per year. On volatility, FXI has been the lower-risk option at 6.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FXI has performed better with a 2.22% return vs -20.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FXI is cheaper with a 0.74% expense ratio, compared with 1.52% for YINN.

FXI has the higher dividend yield at 2.14%, compared with 1.73% for YINN.

YINN is categorized as Leveraged Equities, while FXI is China Equities. YINN tracks FTSE China 50 Index (300%), while FXI tracks FTSE China 50 Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.52% for YINN and 0.74% for FXI.

FXI currently has the higher Sharpe Ratio (-0.65 vs -0.81), 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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