YINN vs. TYD
YINN (Direxion Daily China 3x Bull Shares) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - YINN is a China Equities fund tracking the FTSE China 50 Index (300%), while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, YINN returned -20.67%/yr vs -5.55%/yr for TYD. At a correlation of -0.16, they often move in opposite directions. YINN charges 1.52%/yr vs 1.09%/yr for TYD.
Performance
YINN vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, YINN achieves a -33.90% return, which is significantly lower than TYD's -8.67% return. Over the past 10 years, YINN has underperformed TYD with an annualized return of -20.67%, while TYD has yielded a comparatively higher -5.55% annualized return.
YINN
- 1D
- -3.53%
- 1M
- 9.93%
- 6M
- -35.93%
- YTD
- -33.90%
- 1Y
- -37.98%
- 3Y*
- -5.40%
- 5Y*
- -37.22%
- 10Y*
- -20.67%
- ALL TIME*
- -17.54%
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
YINN vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | -33.90% | 54.21% | 36.06% | -53.08% | -71.97% | -58.56% | -7.75% | 28.92% | -48.47% | 129.79% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between YINN and TYD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2009 | -0.16 |
The correlation between YINN and TYD shifts across timeframes, from -0.16 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
YINN vs. TYD — Risk / Return Rank
YINN
TYD
YINN vs. TYD - 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 7-10 Year Treasury Bull 3X (TYD). 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 | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.96 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.29 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.23 | -0.64 | -0.59 |
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Drawdowns
YINN vs. TYD - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for YINN and TYD.
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Drawdown Indicators
| YINN | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.87% | -64.28% | -34.59% |
Max Drawdown (1Y)Largest decline over 1 year | -61.64% | -13.54% | -48.10% |
Max Drawdown (3Y)Largest decline over 3 years | -69.08% | -22.32% | -46.76% |
Max Drawdown (5Y)Largest decline over 5 years | -94.93% | -59.84% | -35.09% |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | -64.28% | -34.31% |
Current DrawdownCurrent decline from peak | -97.66% | -60.31% | -37.35% |
Average DrawdownAverage peak-to-trough decline | -68.69% | -22.22% | -46.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.89% | 6.24% | +24.65% |
Volatility
YINN vs. TYD - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 18.40% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.93%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YINN | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.40% | 3.93% | +14.47% |
Volatility (6M)Calculated over the trailing 6-month period | 43.29% | 10.30% | +32.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.89% | 13.80% | +46.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.28% | 22.92% | +71.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.59% | 20.20% | +61.39% |
YINN vs. TYD - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than TYD's 1.09% expense ratio.
Dividends
YINN vs. TYD - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.35%, less than TYD's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.38% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
YINN Direxion Daily China 3x Bull Shares | 1.35% | 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
YINN and TYD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YINN has higher volatility (18.40%) compared to TYD (3.93%). In terms of maximum drawdown, YINN dropped -98.87% vs TYD's -64.28%.
On 10-year performance, TYD leads with -5.55% vs -20.67% for YINN. On fees, TYD is cheaper at 1.09% per year. On volatility, TYD has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TYD has performed better with a -5.55% return vs -20.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYD is cheaper with a 1.09% expense ratio, compared with 1.52% for YINN.
TYD has the higher dividend yield at 3.38%, compared with 1.35% for YINN.
YINN is categorized as China Equities, while TYD is Leveraged Bonds. YINN tracks FTSE China 50 Index (300%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. Their fees differ too: 1.52% for YINN and 1.09% for TYD.
TYD currently has the higher Sharpe Ratio (-0.29 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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