YINN vs. IFED
YINN (Direxion Daily China 3x Bull Shares) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both exchange-traded funds - YINN is a China Equities fund tracking the FTSE China 50 Index (300%), while IFED is a Leveraged Equities fund tracking the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, YINN returned -8.66%/yr vs 14.90%/yr for IFED. At a 0.36 correlation, their price movements are largely independent. YINN charges 1.52%/yr vs 0.45%/yr for IFED.
Performance
YINN vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, YINN achieves a -35.64% return, which is significantly lower than IFED's -3.70% 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%
IFED
- 1D
- 0.00%
- 1M
- -2.20%
- 6M
- -3.47%
- YTD
- -3.70%
- 1Y
- 0.44%
- 3Y*
- 14.90%
- 5Y*
- —
- 10Y*
- —
YINN vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | -35.64% | 54.21% | 36.06% | -53.08% | -71.97% | -28.80% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -3.70% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between YINN and IFED 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 (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.36 |
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Return for Risk
YINN vs. IFED — Risk / Return Rank
YINN
IFED
YINN vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and ETRACS IFED Invest with the Fed TR Index ETN (IFED). 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 | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.02 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 0.03 | -0.63 |
| Martin ratioReturn relative to average drawdown | -1.22 | 0.07 | -1.29 |
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Drawdowns
YINN vs. IFED - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for YINN and IFED.
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Drawdown Indicators
| YINN | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.87% | -22.36% | -76.51% |
Max Drawdown (1Y)Largest decline over 1 year | -61.64% | -14.65% | -46.99% |
Max Drawdown (3Y)Largest decline over 3 years | -69.08% | -22.36% | -46.72% |
Max Drawdown (5Y)Largest decline over 5 years | -95.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | — | — |
Current DrawdownCurrent decline from peak | -97.72% | -5.67% | -92.05% |
Average DrawdownAverage peak-to-trough decline | -68.66% | -5.83% | -62.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.24% | 6.04% | +24.20% |
Volatility
YINN vs. IFED - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 18.79% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 7.00%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YINN | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.79% | 7.00% | +11.79% |
Volatility (6M)Calculated over the trailing 6-month period | 42.66% | 15.09% | +27.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.57% | 17.73% | +41.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.21% | 20.00% | +74.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.55% | 20.00% | +61.55% |
YINN vs. IFED - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
YINN vs. IFED - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.39%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index ETN | 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 | 1.39% | 1.12% | 1.81% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% |
Frequently Asked Questions
YINN and IFED 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.
YINN has higher volatility (18.79%) compared to IFED (7.00%). In terms of maximum drawdown, YINN dropped -98.87% vs IFED's -22.36%.
On 3-year performance, IFED leads with 14.90% vs -8.66% for YINN. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 7.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IFED has performed better with a 14.90% return vs -8.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFED is cheaper with a 0.45% expense ratio, compared with 1.52% for YINN.
YINN has the higher dividend yield at 1.39%, compared with 0.00% for IFED.
YINN is categorized as China Equities, while IFED is Leveraged Equities. YINN tracks FTSE China 50 Index (300%), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Direxion and UBS. Their fees differ too: 1.52% for YINN and 0.45% for IFED.
IFED currently has the higher Sharpe Ratio (0.02 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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