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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YINN or MCHI.
Key characteristics
| YINN | MCHI | |
|---|---|---|
| YTD Return | 53.66% | 21.96% |
| 1Y Return | 29.23% | 19.79% |
| 3Y Return (Ann) | -48.18% | -9.29% |
| 5Y Return (Ann) | -37.52% | -1.80% |
| 10Y Return (Ann) | -25.39% | 1.66% |
| Sharpe Ratio | 0.29 | 0.63 |
| Sortino Ratio | 1.14 | 1.11 |
| Omega Ratio | 1.14 | 1.14 |
| Calmar Ratio | 0.29 | 0.32 |
| Martin Ratio | 0.86 | 1.87 |
| Ulcer Index | 32.82% | 10.43% |
| Daily Std Dev | 97.51% | 31.23% |
| Max Drawdown | -98.87% | -62.84% |
| Current Drawdown | -97.40% | -45.53% |
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.
Performance
YINN vs. MCHI - Performance Comparison
In the year-to-date period, YINN achieves a 53.66% return, which is significantly higher than MCHI's 21.96% return. Over the past 10 years, YINN has underperformed MCHI with an annualized return of -25.39%, while MCHI has yielded a comparatively higher 1.66% 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. MCHI - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
YINN vs. MCHI - Risk-Adjusted Performance 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.
Dividends
YINN vs. MCHI - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.85%, less than MCHI's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | 1.85% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% | 0.00% |
MCHI iShares MSCI China ETF | 2.40% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
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 -62.84%. Use the drawdown chart below to compare losses from any high point for YINN and MCHI. For additional features, visit the drawdowns tool.
Volatility
YINN vs. MCHI - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 36.84% compared to iShares MSCI China ETF (MCHI) at 11.98%. 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.