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YINN vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


YINNTQQQ
YTD Return53.66%64.66%
1Y Return29.23%105.67%
3Y Return (Ann)-48.18%1.05%
5Y Return (Ann)-37.52%35.97%
10Y Return (Ann)-25.39%35.78%
Sharpe Ratio0.292.30
Sortino Ratio1.142.61
Omega Ratio1.141.35
Calmar Ratio0.292.23
Martin Ratio0.869.63
Ulcer Index32.82%12.40%
Daily Std Dev97.51%51.72%
Max Drawdown-98.87%-81.66%
Current Drawdown-97.40%-3.64%

Correlation

-0.50.00.51.00.6

The correlation between YINN and TQQQ is 0.58, 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.

Performance

YINN vs. TQQQ - Performance Comparison

In the year-to-date period, YINN achieves a 53.66% return, which is significantly lower than TQQQ's 64.66% return. Over the past 10 years, YINN has underperformed TQQQ with an annualized return of -25.39%, while TQQQ has yielded a comparatively higher 35.78% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-40.00%-20.00%0.00%20.00%40.00%60.00%80.00%100.00%JuneJulyAugustSeptemberOctoberNovember
6.97%
39.66%
YINN
TQQQ

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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
Expense ratio chart for YINN: current value at 1.52% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.52%
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

YINN vs. TQQQ - Risk-Adjusted Performance 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
Sharpe ratio
The chart of Sharpe ratio for YINN, currently valued at 0.29, compared to the broader market-2.000.002.004.006.000.29
Sortino ratio
The chart of Sortino ratio for YINN, currently valued at 1.14, compared to the broader market0.005.0010.001.14
Omega ratio
The chart of Omega ratio for YINN, currently valued at 1.14, compared to the broader market1.001.502.002.503.001.14
Calmar ratio
The chart of Calmar ratio for YINN, currently valued at 0.29, compared to the broader market0.005.0010.0015.000.29
Martin ratio
The chart of Martin ratio for YINN, currently valued at 0.86, compared to the broader market0.0020.0040.0060.0080.00100.000.86
TQQQ
Sharpe ratio
The chart of Sharpe ratio for TQQQ, currently valued at 2.30, compared to the broader market-2.000.002.004.006.002.30
Sortino ratio
The chart of Sortino ratio for TQQQ, currently valued at 2.61, compared to the broader market0.005.0010.002.61
Omega ratio
The chart of Omega ratio for TQQQ, currently valued at 1.35, compared to the broader market1.001.502.002.503.001.35
Calmar ratio
The chart of Calmar ratio for TQQQ, currently valued at 2.23, compared to the broader market0.005.0010.0015.002.23
Martin ratio
The chart of Martin ratio for TQQQ, currently valued at 9.63, compared to the broader market0.0020.0040.0060.0080.00100.009.63

YINN vs. TQQQ - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is 0.29, which is lower than the TQQQ Sharpe Ratio of 2.30. 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
0.29
2.30
YINN
TQQQ

Dividends

YINN vs. TQQQ - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.85%, more than TQQQ's 1.15% yield.


TTM2023202220212020201920182017201620152014
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%
TQQQ
ProShares UltraPro QQQ
1.15%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

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. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-97.40%
-3.64%
YINN
TQQQ

Volatility

YINN vs. TQQQ - Volatility Comparison

Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 36.84% compared to ProShares UltraPro QQQ (TQQQ) at 15.48%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%60.00%JuneJulyAugustSeptemberOctoberNovember
36.84%
15.48%
YINN
TQQQ