YINN vs. NUGT

Last updated Jun 26, 2026

YINN (Direxion Daily China 3x Bull Shares) and NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) are both exchange-traded funds - YINN is a Leveraged Equities fund tracking the FTSE China 50 Index (300%), while NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%). Both are passively managed. Over the past 10 years, YINN returned -20.45%/yr vs -12.40%/yr for NUGT. At a 0.20 correlation, their price movements are largely independent. YINN charges 1.52%/yr vs 1.13%/yr for NUGT.

Performance

YINN vs. NUGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bull Shares (YINN) and Direxion Daily Gold Miners Index Bull 2X ETF (NUGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YINN achieves a -48.49% return, which is significantly lower than NUGT's -35.52% return. Over the past 10 years, YINN has underperformed NUGT with an annualized return of -20.45%, while NUGT has yielded a comparatively higher -12.40% annualized return.

YINN

• 1D: -6.38%
• 1M: -30.18%
• YTD: -48.49%
• 6M: -49.76%
• 1Y: -47.64%
• 3Y*: -11.77%
• 5Y*: -42.90%
• 10Y*: -20.45%

NUGT

• 1D: 3.02%
• 1M: -29.37%
• YTD: -35.52%
• 6M: -41.56%
• 1Y: 59.76%
• 3Y*: 52.08%
• 5Y*: 15.88%
• 10Y*: -12.40%

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

YINN vs. NUGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YINN Direxion Daily China 3x Bull Shares	-48.49%	54.21%	36.06%	-53.08%	-71.97%	-58.56%	-7.75%	28.92%	-48.47%	129.79%
NUGT Direxion Daily Gold Miners Index Bull 2X ETF	-35.52%	425.05%	2.89%	2.60%	-32.10%	-26.31%	-60.16%	100.73%	-44.52%	3.73%

Correlation

The correlation between YINN and NUGT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Dec 8, 2010	0.20

The correlation between YINN and NUGT shifts across timeframes, from 0.20 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

YINN vs. NUGT - Sectors Allocation Comparison

Sectors	YINN	NUGT
Financial Services	34.8%	-
Consumer Cyclical	26.4%	-
Communication Services	16.3%	-
Technology	5.4%	-
Energy	5.3%	-
Basic Materials	3.9%	100.0%
Industrials	3.2%	-
Healthcare	2.3%	-
Real Estate	1.1%	-
Consumer Defensive	0.9%	-
Utilities	0.4%	-

Return for Risk

YINN vs. NUGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YINN

YINN Risk / Return Rank: 3
YINN Sharpe Ratio Rank: 3
YINN Sortino Ratio Rank: 3
YINN Omega Ratio Rank: 3
YINN Calmar Ratio Rank: 3
YINN Martin Ratio Rank: 0

NUGT

NUGT Risk / Return Rank: 24
NUGT Sharpe Ratio Rank: 20
NUGT Sortino Ratio Rank: 26
NUGT Omega Ratio Rank: 29
NUGT Calmar Ratio Rank: 22
NUGT Martin Ratio Rank: 21

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. NUGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and Direxion Daily Gold Miners Index Bull 2X ETF (NUGT). 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	NUGT	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	0.64	-1.45
Sortino ratio: Return per unit of downside risk	-1.10	1.34	-2.43
Omega ratio: Gain probability vs. loss probability	0.87	1.18	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.78	0.95	-1.73
Martin ratio: Return relative to average drawdown	-1.75	2.21	-3.96

YINN vs. NUGT - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is -0.81, which is lower than the NUGT Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of YINN and NUGT, 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. NUGT - Drawdown Comparison

The maximum YINN drawdown since its inception was -98.87%, roughly equal to the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for YINN and NUGT.

Drawdown Indicators

	YINN	NUGT	Difference
Max Drawdown Largest peak-to-trough decline	-98.87%	-99.97%	+1.10%
Max Drawdown (1Y) Largest decline over 1 year	-61.16%	-63.43%	+2.27%
Max Drawdown (3Y) Largest decline over 3 years	-69.08%	-63.43%	-5.65%
Max Drawdown (5Y) Largest decline over 5 years	-96.28%	-73.72%	-22.56%
Max Drawdown (10Y) Largest decline over 10 years	-98.59%	-96.91%	-1.68%
Current Drawdown Current decline from peak	-98.17%	-99.85%	+1.68%
Average Drawdown Average peak-to-trough decline	-68.57%	-91.53%	+22.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.29%	27.10%	+0.19%

Volatility

YINN vs. NUGT - Volatility Comparison

The current volatility for Direxion Daily China 3x Bull Shares (YINN) is 18.62%, while Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) has a volatility of 34.79%. This indicates that YINN experiences smaller price fluctuations and is considered to be less risky than NUGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YINN	NUGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.62%	34.79%	-16.17%
Volatility (6M) Calculated over the trailing 6-month period	44.10%	80.31%	-36.21%
Volatility (1Y) Calculated over the trailing 1-year period	58.76%	94.54%	-35.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.34%	73.03%	+21.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.59%	87.98%	-6.39%

YINN vs. NUGT - Expense Ratio Comparison

YINN has a 1.52% expense ratio, which is higher than NUGT's 1.13% expense ratio.

Dividends

YINN vs. NUGT - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.73%, more than NUGT's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NUGT Direxion Daily Gold Miners Index Bull 2X ETF	0.61%	0.22%	1.79%	1.67%	0.70%	0.00%	0.00%	0.63%	0.57%	0.00%
YINN Direxion Daily China 3x Bull Shares	1.73%	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 NUGT in my portfolio?

YINN and NUGT have a correlation of 0.39, 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 NUGT?

NUGT has higher volatility (34.79%) compared to YINN (18.62%). In terms of maximum drawdown, YINN dropped -98.87% vs NUGT's -99.97%.

Which ETF is better, YINN or NUGT?

On 10-year performance, NUGT leads with -12.40% vs -20.45% for YINN. On fees, NUGT is cheaper at 1.13% per year. On volatility, YINN has been the lower-risk option at 18.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YINN or NUGT?

Over the 10-year period, NUGT has performed better with a -12.40% return vs -20.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YINN or NUGT?

NUGT is cheaper with a 1.13% expense ratio, compared with 1.52% for YINN.

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

YINN has the higher dividend yield at 1.73%, compared with 0.61% for NUGT.

What is the main difference between YINN and NUGT?

YINN is categorized as Leveraged Equities, while NUGT is Gold. YINN tracks FTSE China 50 Index (300%), while NUGT tracks MarketVector Global Gold Miners Index (200%). Their fees differ too: 1.52% for YINN and 1.13% for NUGT.

Which has better risk-adjusted returns?

NUGT currently has the higher Sharpe Ratio (0.64 vs -0.81), 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.