YINN vs. MCHI
Compare and contrast key facts about Direxion Daily China 3x Bull Shares (YINN) and iShares MSCI China ETF (MCHI).
YINN and MCHI 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. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both YINN and MCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
YINN vs. MCHI - Performance Comparison
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YINN vs. MCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | -24.84% | 54.21% | 36.06% | -53.08% | -71.97% | -58.56% | -7.75% | 28.92% | -48.47% | 129.79% |
MCHI iShares MSCI China ETF | -6.78% | 31.04% | 17.73% | -11.94% | -23.01% | -21.74% | 27.78% | 23.72% | -19.79% | 54.67% |
Returns By Period
In the year-to-date period, YINN achieves a -24.84% return, which is significantly lower than MCHI's -6.78% return. Over the past 10 years, YINN has underperformed MCHI with an annualized return of -18.56%, while MCHI has yielded a comparatively higher 4.62% annualized return.
YINN
- 1D
- -2.62%
- 1M
- -12.56%
- YTD
- -24.84%
- 6M
- -41.84%
- 1Y
- -21.62%
- 3Y*
- -10.54%
- 5Y*
- -38.80%
- 10Y*
- -18.56%
MCHI
- 1D
- -0.32%
- 1M
- -4.29%
- YTD
- -6.78%
- 6M
- -14.44%
- 1Y
- 4.94%
- 3Y*
- 6.44%
- 5Y*
- -5.72%
- 10Y*
- 4.62%
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YINN vs. MCHI - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Return for Risk
YINN vs. MCHI — Risk / Return Rank
YINN
MCHI
YINN vs. MCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and iShares MSCI China ETF (MCHI). 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.
| YINN | MCHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 0.21 | -0.51 |
Sortino ratioReturn per unit of downside risk | 0.04 | 0.45 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.06 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.30 | -0.78 |
Martin ratioReturn relative to average drawdown | -1.13 | 0.79 | -1.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YINN | MCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 0.21 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | -0.19 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | 0.17 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.09 | -0.31 |
Correlation
The correlation between YINN and MCHI is 0.94, 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.
Dividends
YINN vs. MCHI - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.33%, less than MCHI's 2.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | 1.33% | 1.12% | 1.81% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 2.27% | 2.12% | 2.31% | 2.66% | 1.78% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% |
Drawdowns
YINN vs. MCHI - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, which is greater than MCHI's maximum drawdown of -62.95%. Use the drawdown chart below to compare losses from any high point for YINN and MCHI.
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Drawdown Indicators
| YINN | MCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.87% | -62.95% | -35.92% |
Max Drawdown (1Y)Largest decline over 1 year | -46.61% | -17.17% | -29.44% |
Max Drawdown (5Y)Largest decline over 5 years | -96.42% | -57.18% | -39.24% |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | -62.95% | -35.64% |
Current DrawdownCurrent decline from peak | -97.33% | -36.43% | -60.90% |
Average DrawdownAverage peak-to-trough decline | -68.17% | -24.40% | -43.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.65% | 6.63% | +13.02% |
Volatility
YINN vs. MCHI - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 19.90% compared to iShares MSCI China ETF (MCHI) at 6.82%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YINN | MCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.90% | 6.82% | +13.08% |
Volatility (6M)Calculated over the trailing 6-month period | 43.88% | 14.83% | +29.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.63% | 23.85% | +47.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.09% | 30.67% | +63.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.89% | 27.39% | +54.50% |