YINN vs. KWEB
Compare and contrast key facts about Direxion Daily China 3x Bull Shares (YINN) and KraneShares CSI China Internet ETF (KWEB).
YINN and KWEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YINN is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (300%). It was launched on Dec 3, 2009. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. Both YINN and KWEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YINN or KWEB.
Key characteristics
| YINN | KWEB | |
|---|---|---|
| YTD Return | 35.64% | 12.93% |
| 1Y Return | 3.49% | 11.68% |
| 3Y Return (Ann) | -50.21% | -13.81% |
| 5Y Return (Ann) | -39.05% | -6.30% |
| 10Y Return (Ann) | -26.30% | -0.86% |
| Sharpe Ratio | 0.10 | 0.36 |
| Sortino Ratio | 0.89 | 0.83 |
| Omega Ratio | 1.11 | 1.10 |
| Calmar Ratio | 0.10 | 0.19 |
| Martin Ratio | 0.30 | 1.13 |
| Ulcer Index | 33.14% | 12.45% |
| Daily Std Dev | 97.92% | 38.69% |
| Max Drawdown | -98.87% | -80.92% |
| Current Drawdown | -97.71% | -67.86% |
Correlation
The correlation between YINN and KWEB is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YINN vs. KWEB - Performance Comparison
In the year-to-date period, YINN achieves a 35.64% return, which is significantly higher than KWEB's 12.93% return. Over the past 10 years, YINN has underperformed KWEB with an annualized return of -26.30%, while KWEB has yielded a comparatively higher -0.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YINN vs. KWEB - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than KWEB's 0.76% expense ratio.
Risk-Adjusted Performance
YINN vs. KWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and KraneShares CSI China Internet ETF (KWEB). 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.
Dividends
YINN vs. KWEB - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 2.10%, more than KWEB's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | 2.10% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% | 0.00% |
KWEB KraneShares CSI China Internet ETF | 1.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
Drawdowns
YINN vs. KWEB - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, which is greater than KWEB's maximum drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for YINN and KWEB. For additional features, visit the drawdowns tool.
Volatility
YINN vs. KWEB - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 34.21% compared to KraneShares CSI China Internet ETF (KWEB) at 13.03%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.