YINN vs. SOXS
YINN (Direxion Daily China 3x Bull Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - YINN is a Leveraged Equities fund tracking the FTSE China 50 Index (300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, YINN returned -20.45%/yr vs -79.95%/yr for SOXS. At a correlation of -0.53, they often move in opposite directions. YINN charges 1.52%/yr vs 1.08%/yr for SOXS.
Performance
YINN vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, YINN achieves a -48.49% return, which is significantly higher than SOXS's -94.09% return. Over the past 10 years, YINN has outperformed SOXS with an annualized return of -20.45%, while SOXS has yielded a comparatively lower -79.95% 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%
SOXS
- 1D
- -11.03%
- 1M
- -41.63%
- YTD
- -94.09%
- 6M
- -93.81%
- 1Y
- -97.64%
- 3Y*
- -87.76%
- 5Y*
- -80.66%
- 10Y*
- -79.95%
YINN vs. SOXS - 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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.09% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between YINN and SOXS is -0.43, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.53 |
The correlation between YINN and SOXS shifts across timeframes, from -0.53 (all time) to -0.37 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
YINN vs. SOXS — Risk / Return Rank
YINN
SOXS
YINN vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.64 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -1.00 | +0.22 |
| Martin ratioReturn relative to average drawdown | -1.75 | -1.51 | -0.23 |
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Drawdowns
YINN vs. SOXS - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for YINN and SOXS.
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Drawdown Indicators
| YINN | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.87% | -100.00% | +1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -61.16% | -97.88% | +36.72% |
Max Drawdown (3Y)Largest decline over 3 years | -69.08% | -99.87% | +30.79% |
Max Drawdown (5Y)Largest decline over 5 years | -96.28% | -99.98% | +3.70% |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | -100.00% | +1.41% |
Current DrawdownCurrent decline from peak | -98.17% | -100.00% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -68.57% | -92.61% | +24.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.29% | 64.48% | -37.19% |
Volatility
YINN vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily China 3x Bull Shares (YINN) is 18.62%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 65.23%. This indicates that YINN experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YINN | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.62% | 65.23% | -46.61% |
Volatility (6M)Calculated over the trailing 6-month period | 44.10% | 100.97% | -56.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.76% | 117.61% | -58.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.34% | 111.53% | -17.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.59% | 102.14% | -20.55% |
YINN vs. SOXS - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Dividends
YINN vs. SOXS - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.73%, less than SOXS's 62.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 62.55% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 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
YINN and SOXS have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (65.23%) compared to YINN (18.62%). In terms of maximum drawdown, YINN dropped -98.87% vs SOXS's -100.00%.
On 10-year performance, YINN leads with -20.45% vs -79.95% for SOXS. On fees, SOXS is cheaper at 1.08% 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.
Over the 10-year period, YINN has performed better with a -20.45% return vs -79.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXS is cheaper with a 1.08% expense ratio, compared with 1.52% for YINN.
SOXS has the higher dividend yield at 62.55%, compared with 1.73% for YINN.
YINN is categorized as Leveraged Equities, while SOXS is Inverse Equities. YINN tracks FTSE China 50 Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.52% for YINN and 1.08% for SOXS.
YINN currently has the higher Sharpe Ratio (-0.81 vs -0.83), 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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