YINN vs. JCHI

Last updated Jul 16, 2026

YINN (Direxion Daily China 3x Bull Shares) and JCHI (JPMorgan Active China ETF) are both China Equities funds. YINN is passively managed, while JCHI is actively managed. Over the past 3 years, YINN returned -8.66%/yr vs 7.78%/yr for JCHI. Their correlation of 0.93 suggests significant overlap in exposure. YINN charges 1.52%/yr vs 0.65%/yr for JCHI.

Performance

YINN vs. JCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bull Shares (YINN) and JPMorgan Active China ETF (JCHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YINN achieves a -35.64% return, which is significantly lower than JCHI's -0.51% 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%

JCHI

• 1D: 1.74%
• 1M: -0.13%
• 6M: -3.32%
• YTD: -0.51%
• 1Y: 9.95%
• 3Y*: 7.78%
• 5Y*: —
• 10Y*: —

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

YINN vs. JCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YINN Direxion Daily China 3x Bull Shares	-35.64%	54.21%	36.06%	-43.66%
JCHI JPMorgan Active China ETF	-0.51%	27.66%	13.77%	-17.31%

Correlation

The correlation between YINN and JCHI is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 16, 2023	0.93

The correlation between YINN and JCHI has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

YINN vs. JCHI — 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

JCHI

JCHI Risk / Return Rank: 19
JCHI Sharpe Ratio Rank: 19
JCHI Sortino Ratio Rank: 19
JCHI Omega Ratio Rank: 18
JCHI Calmar Ratio Rank: 19
JCHI Martin Ratio Rank: 18

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. JCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and JPMorgan Active China ETF (JCHI). 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	JCHI	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	0.54	-1.16
Sortino ratio: Return per unit of downside risk	-0.67	0.87	-1.53
Omega ratio: Gain probability vs. loss probability	0.92	1.11	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.60	0.69	-1.30
Martin ratio: Return relative to average drawdown	-1.22	1.45	-2.67

YINN vs. JCHI - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is -0.62, which is lower than the JCHI Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of YINN and JCHI, 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. JCHI - Drawdown Comparison

The maximum YINN drawdown since its inception was -98.87%, which is greater than JCHI's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for YINN and JCHI.

Drawdown Indicators

	YINN	JCHI	Difference
Max Drawdown Largest peak-to-trough decline	-98.87%	-29.57%	-69.30%
Max Drawdown (1Y) Largest decline over 1 year	-61.64%	-14.37%	-47.27%
Max Drawdown (3Y) Largest decline over 3 years	-69.08%	-27.47%	-41.61%
Max Drawdown (5Y) Largest decline over 5 years	-95.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.59%	—	—
Current Drawdown Current decline from peak	-97.72%	-8.33%	-89.39%
Average Drawdown Average peak-to-trough decline	-68.66%	-13.23%	-55.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.24%	6.88%	+23.36%

Volatility

YINN vs. JCHI - Volatility Comparison

Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 18.79% compared to JPMorgan Active China ETF (JCHI) at 6.44%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than JCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YINN	JCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.79%	6.44%	+12.35%
Volatility (6M) Calculated over the trailing 6-month period	42.66%	13.51%	+29.15%
Volatility (1Y) Calculated over the trailing 1-year period	59.57%	18.61%	+40.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.21%	24.76%	+69.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.55%	24.76%	+56.79%

YINN vs. JCHI - Expense Ratio Comparison

YINN has a 1.52% expense ratio, which is higher than JCHI's 0.65% expense ratio.

Dividends

YINN vs. JCHI - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.39%, less than JCHI's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCHI JPMorgan Active China ETF	1.82%	1.81%	2.12%	2.13%	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

Can I hold both YINN and JCHI in my portfolio?

YINN and JCHI have a correlation of 0.88, 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 JCHI?

YINN has higher volatility (18.79%) compared to JCHI (6.44%). In terms of maximum drawdown, YINN dropped -98.87% vs JCHI's -29.57%.

Which ETF is better, YINN or JCHI?

On 3-year performance, JCHI leads with 7.78% vs -8.66% for YINN. On fees, JCHI is cheaper at 0.65% per year. On volatility, JCHI has been the lower-risk option at 6.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YINN or JCHI?

Over the 3-year period, JCHI has performed better with a 7.78% return vs -8.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YINN or JCHI?

JCHI is cheaper with a 0.65% expense ratio, compared with 1.52% for YINN.

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

JCHI has the higher dividend yield at 1.82%, compared with 1.39% for YINN.

What is the main difference between YINN and JCHI?

They also come from different issuers: Direxion and JPMorgan. Their fees differ too: 1.52% for YINN and 0.65% for JCHI.

Which has better risk-adjusted returns?

JCHI currently has the higher Sharpe Ratio (0.54 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.