YINN vs. TQQQ

Last updated Aug 5, 2026

YINN (Direxion Daily China 3x Bull Shares) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - YINN is a China Equities fund tracking the FTSE China 50 Index (300%), while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, YINN returned -19.76%/yr vs 40.86%/yr for TQQQ. Their 0.55 correlation means they have sometimes moved together and sometimes differently. YINN charges 1.52%/yr vs 0.95%/yr for TQQQ.

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.

Returns By Period

In the year-to-date period, YINN achieves a -24.32% return, which is significantly lower than TQQQ's 42.48% return. Over the past 10 years, YINN has underperformed TQQQ with an annualized return of -19.76%, while TQQQ has yielded a comparatively higher 40.86% annualized return.

YINN

• 1D: -1.08%
• 1M: 44.52%
• 6M: -25.04%
• YTD: -24.32%
• 1Y: -23.94%
• 3Y*: -5.56%
• 5Y*: -32.36%
• 10Y*: -19.76%
• ALL TIME*: -16.83%

TQQQ

• 1D: 10.09%
• 1M: 2.00%
• 6M: 43.02%
• YTD: 42.48%
• 1Y: 72.20%
• 3Y*: 55.55%
• 5Y*: 17.84%
• 10Y*: 40.86%
• ALL TIME*: 43.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TQQQ ProShares UltraPro QQQ	$4.74B	$4.51B	$5.37B
YINN Direxion Daily China 3x Bull Shares	$34.82M	$37.81M	$60.41M

YINN vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YINN Direxion Daily China 3x Bull Shares	-24.32%	54.21%	36.06%	-53.08%	-71.97%	-58.56%	-7.75%	28.92%	-48.47%	129.79%
TQQQ ProShares UltraPro QQQ	42.48%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%

Correlation

The correlation between YINN and TQQQ is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.34
Correlation (5Y) Shows whether the relationship held over a longer period.	0.40
Correlation (10Y) Provides a long-term view across more market conditions.	0.48
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010	0.55

The correlation between YINN and TQQQ shifts across timeframes, from 0.34 (3 years) to 0.55 (all time), reflecting how their relationship changes across market environments.

YINN vs. TQQQ - Sectors Allocation Comparison

Sectors	YINN	TQQQ
Financial Services	35.2%	0.2%
Consumer Cyclical	25.3%	12.3%
Communication Services	17.8%	15.8%
Technology	5.9%	53.8%
Energy	4.8%	0.6%
Basic Materials	3.4%	1.1%
Industrials	2.8%	2.8%
Healthcare	2.6%	4.2%
Real Estate	1.0%	0.1%
Consumer Defensive	0.8%	7.7%
Utilities	0.3%	1.4%

Return for Risk

YINN vs. TQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YINN

YINN Risk / Return Rank: 6
YINN Sharpe Ratio Rank: 6
YINN Sortino Ratio Rank: 7
YINN Omega Ratio Rank: 7
YINN Calmar Ratio Rank: 6
YINN Martin Ratio Rank: 6

TQQQ

TQQQ Risk / Return Rank: 45
TQQQ Sharpe Ratio Rank: 44
TQQQ Sortino Ratio Rank: 44
TQQQ Omega Ratio Rank: 42
TQQQ Calmar Ratio Rank: 49
TQQQ Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	1.25	-1.65
Sortino ratio: Return per unit of downside risk	-0.22	1.79	-2.02
Omega ratio: Gain probability vs. loss probability	0.97	1.22	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.39	1.96	-2.35
Martin ratio: Return relative to average drawdown	-0.75	5.43	-6.18

YINN vs. TQQQ - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is -0.40, which is lower than the TQQQ Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of YINN and TQQQ, 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. 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	-61.64%	-36.97%	-24.67%
Max Drawdown (3Y) Largest decline over 3 years	-64.51%	-58.04%	-6.47%
Max Drawdown (5Y) Largest decline over 5 years	-94.54%	-81.66%	-12.88%
Max Drawdown (10Y) Largest decline over 10 years	-98.59%	-81.66%	-16.93%
Current Drawdown Current decline from peak	-97.32%	-14.02%	-83.30%
Average Drawdown Average peak-to-trough decline	-68.76%	-18.49%	-50.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.13%	13.34%	+18.79%

Volatility

YINN vs. TQQQ - Volatility Comparison

The current volatility for Direxion Daily China 3x Bull Shares (YINN) is 14.87%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 22.54%. This indicates that YINN experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. 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	14.87%	22.54%	-7.67%
Volatility (6M) Calculated over the trailing 6-month period	42.52%	48.77%	-6.25%
Volatility (1Y) Calculated over the trailing 1-year period	59.91%	58.29%	+1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.52%	68.25%	+25.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.61%	66.68%	+14.93%

YINN vs. TQQQ - Expense Ratio Comparison

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

Dividends

YINN vs. TQQQ - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.18%, more than TQQQ's 0.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TQQQ ProShares UltraPro QQQ	0.50%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%
YINN Direxion Daily China 3x Bull Shares	1.18%	1.12%	1.81%	4.17%	1.16%	0.73%	0.76%	1.38%	1.02%	1.11%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YINN and TQQQ in my portfolio?

YINN and TQQQ 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 TQQQ?

TQQQ has higher volatility (22.54%) compared to YINN (14.87%). In terms of maximum drawdown, YINN dropped -98.87% vs TQQQ's -81.66%.

Which ETF is better, YINN or TQQQ?

On 10-year performance, TQQQ leads with 40.86% vs -19.76% for YINN. On fees, TQQQ is cheaper at 0.95% per year. On volatility, YINN has been the lower-risk option at 14.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YINN or TQQQ?

Over the 10-year period, TQQQ has performed better with a 40.86% return vs -19.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YINN or TQQQ?

TQQQ is cheaper with a 0.95% expense ratio, compared with 1.52% for YINN.

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

YINN has the higher dividend yield at 1.18%, compared with 0.50% for TQQQ.

What is the main difference between YINN and TQQQ?

YINN is categorized as China Equities, while TQQQ is Leveraged Equities. YINN tracks FTSE China 50 Index (300%), while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.52% for YINN and 0.95% for TQQQ.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (1.25 vs -0.40), 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.