YINN vs. TQQQ

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily China 3x Bull Shares (YINN) and ProShares UltraPro QQQ (TQQQ).

YINN and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both YINN and TQQQ 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. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bull Shares (YINN) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

YINN vs. TQQQ - 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%
TQQQ ProShares UltraPro QQQ	-17.87%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%

Returns By Period

In the year-to-date period, YINN achieves a -24.84% return, which is significantly lower than TQQQ's -17.87% return. Over the past 10 years, YINN has underperformed TQQQ with an annualized return of -18.56%, while TQQQ has yielded a comparatively higher 35.31% 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%

TQQQ

• 1D: 3.72%
• 1M: -12.88%
• YTD: -17.87%
• 6M: -17.28%
• 1Y: 48.52%
• 3Y*: 46.87%
• 5Y*: 13.55%
• 10Y*: 35.31%

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

YINN vs. TQQQ - Expense Ratio Comparison

YINN has a 1.52% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

YINN

Direxion Daily China 3x Bull Shares

TQQQ

ProShares UltraPro QQQ

Return for Risk

YINN vs. TQQQ — Risk / Return Rank

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

YINN

YINN Risk / Return Rank: 7
YINN Sharpe Ratio Rank: 7
YINN Sortino Ratio Rank: 10
YINN Omega Ratio Rank: 10
YINN Calmar Ratio Rank: 4
YINN Martin Ratio Rank: 3

TQQQ

TQQQ Risk / Return Rank: 47
TQQQ Sharpe Ratio Rank: 37
TQQQ Sortino Ratio Rank: 51
TQQQ Omega Ratio Rank: 50
TQQQ Calmar Ratio Rank: 53
TQQQ Martin Ratio Rank: 44

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. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and ProShares UltraPro QQQ (TQQQ). 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	TQQQ	Difference
Sharpe ratio Return per unit of total volatility	-0.30	0.72	-1.03
Sortino ratio Return per unit of downside risk	0.04	1.41	-1.37
Omega ratio Gain probability vs. loss probability	1.01	1.20	-0.19
Calmar ratio Return relative to maximum drawdown	-0.47	1.41	-1.88
Martin ratio Return relative to average drawdown	-1.13	4.28	-5.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YINN vs. TQQQ - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is -0.30, which is lower than the TQQQ Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of YINN and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YINN	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.30	0.72	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	0.20	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.23	0.54	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	0.65	-0.86

Correlation

The correlation between YINN and TQQQ is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

YINN vs. TQQQ - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.33%, more than TQQQ's 0.73% 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%
TQQQ ProShares UltraPro QQQ	0.73%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Drawdowns

YINN vs. TQQQ - Drawdown Comparison

The maximum YINN drawdown since its inception was -98.87%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for YINN and TQQQ.

Drawdown Indicators

	YINN	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-98.87%	-81.66%	-17.21%
Max Drawdown (1Y) Largest decline over 1 year	-46.61%	-36.97%	-9.64%
Max Drawdown (5Y) Largest decline over 5 years	-96.42%	-81.66%	-14.76%
Max Drawdown (10Y) Largest decline over 10 years	-98.59%	-81.66%	-16.93%
Current Drawdown Current decline from peak	-97.33%	-28.08%	-69.25%
Average Drawdown Average peak-to-trough decline	-68.17%	-18.66%	-49.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.65%	12.13%	+7.52%

Volatility

YINN vs. TQQQ - Volatility Comparison

Direxion Daily China 3x Bull Shares (YINN) and ProShares UltraPro QQQ (TQQQ) have volatilities of 19.90% and 19.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YINN	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.90%	19.74%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	43.88%	38.50%	+5.38%
Volatility (1Y) Calculated over the trailing 1-year period	71.63%	67.35%	+4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.09%	66.53%	+27.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.89%	65.83%	+16.06%