YINN vs. SGOV
YINN (Direxion Daily China 3x Bull Shares) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - YINN is a Leveraged Equities fund tracking the FTSE China 50 Index (300%), while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, YINN returned -41.05%/yr vs 3.58%/yr for SGOV. At a 0.03 correlation, their price movements are largely independent. YINN charges 1.52%/yr vs 0.09%/yr for SGOV.
Performance
YINN vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, YINN achieves a -42.95% return, which is significantly lower than SGOV's 1.71% return.
YINN
- 1D
- -6.15%
- 1M
- -21.32%
- YTD
- -42.95%
- 6M
- -44.25%
- 1Y
- -37.35%
- 3Y*
- -8.25%
- 5Y*
- -41.05%
- 10Y*
- -19.74%
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
YINN vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | -42.95% | 54.21% | 36.06% | -53.08% | -71.97% | -58.56% | 76.64% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.71% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between YINN and SGOV is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.03 |
The correlation between YINN and SGOV shifts across timeframes, from -0.09 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
YINN vs. SGOV — Risk / Return Rank
YINN
SGOV
YINN vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.96 | ||
| Sortino ratioReturn per unit of downside risk | -274.25 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 194.05 | -193.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 395.07 | -395.73 |
| Martin ratioReturn relative to average drawdown | -1.40 | 4,426.92 | -4,428.32 |
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Drawdowns
YINN vs. SGOV - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for YINN and SGOV.
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Drawdown Indicators
| YINN | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.87% | -0.03% | -98.84% |
Max Drawdown (1Y)Largest decline over 1 year | -56.99% | -0.01% | -56.98% |
Max Drawdown (3Y)Largest decline over 3 years | -69.08% | -0.01% | -69.07% |
Max Drawdown (5Y)Largest decline over 5 years | -96.28% | -0.03% | -96.25% |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | — | — |
Current DrawdownCurrent decline from peak | -97.98% | 0.00% | -97.98% |
Average DrawdownAverage peak-to-trough decline | -68.55% | -0.00% | -68.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.77% | 0.00% | +26.77% |
Volatility
YINN vs. SGOV - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 18.21% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YINN | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.21% | 0.06% | +18.15% |
Volatility (6M)Calculated over the trailing 6-month period | 43.73% | 0.13% | +43.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.15% | 0.19% | +58.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.33% | 0.24% | +94.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.59% | 0.24% | +81.35% |
YINN vs. SGOV - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
YINN vs. SGOV - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.75%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% |
YINN Direxion Daily China 3x Bull Shares | 1.75% | 1.12% | 1.81% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% |
Frequently Asked Questions
YINN and SGOV have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YINN has higher volatility (18.21%) compared to SGOV (0.06%). In terms of maximum drawdown, YINN dropped -98.87% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.58% vs -41.05% for YINN. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.58% return vs -41.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 1.52% for YINN.
SGOV has the higher dividend yield at 3.85%, compared with 1.75% for YINN.
YINN is categorized as Leveraged Equities, while SGOV is Ultrashort Bond. YINN tracks FTSE China 50 Index (300%), while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.52% for YINN and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.64), 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.
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