YINN vs. USO
YINN (Direxion Daily China 3x Bull Shares) and USO (United States Oil Fund LP) are both exchange-traded funds - YINN is a Leveraged Equities fund tracking the FTSE China 50 Index (300%), while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 10 years, YINN returned -18.76%/yr vs 4.07%/yr for USO. At a 0.25 correlation, their price movements are largely independent. YINN charges 1.52%/yr vs 0.86%/yr for USO.
Performance
YINN vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, YINN achieves a -27.88% return, which is significantly lower than USO's 103.67% return. Over the past 10 years, YINN has underperformed USO with an annualized return of -18.76%, while USO has yielded a comparatively higher 4.07% annualized return.
YINN
- 1D
- -6.72%
- 1M
- -10.09%
- YTD
- -27.88%
- 6M
- -31.54%
- 1Y
- -16.05%
- 3Y*
- -2.89%
- 5Y*
- -38.62%
- 10Y*
- -18.76%
USO
- 1D
- 2.62%
- 1M
- -4.57%
- YTD
- 103.67%
- 6M
- 99.35%
- 1Y
- 101.55%
- 3Y*
- 29.98%
- 5Y*
- 24.41%
- 10Y*
- 4.07%
YINN vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | -27.88% | 54.21% | 36.06% | -53.08% | -71.97% | -58.56% | -7.75% | 28.92% | -48.47% | 129.79% |
USO United States Oil Fund LP | 103.67% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Correlation
The correlation between YINN and USO is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2009 | 0.25 |
The correlation between YINN and USO shifts across timeframes, from -0.17 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YINN vs. USO — Risk / Return Rank
YINN
USO
YINN vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.38 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 5.01 | -5.34 |
| Martin ratioReturn relative to average drawdown | -0.66 | 9.42 | -10.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YINN | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 2.31 | -2.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | 0.68 | -1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | 0.10 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | -0.18 | -0.04 |
Drawdowns
YINN vs. USO - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, roughly equal to the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for YINN and USO.
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Drawdown Indicators
| YINN | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.87% | -98.19% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -47.74% | -20.39% | -27.35% |
Max Drawdown (3Y)Largest decline over 3 years | -69.08% | -26.05% | -43.03% |
Max Drawdown (5Y)Largest decline over 5 years | -96.28% | -36.23% | -60.05% |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | -86.75% | -11.84% |
Current DrawdownCurrent decline from peak | -97.44% | -85.01% | -12.43% |
Average DrawdownAverage peak-to-trough decline | -68.47% | -75.30% | +6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.22% | 10.82% | +13.40% |
Volatility
YINN vs. USO - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 21.19% compared to United States Oil Fund LP (USO) at 14.87%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YINN | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.19% | 14.87% | +6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 42.61% | 38.23% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.82% | 44.20% | +14.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.20% | 36.06% | +58.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.79% | 39.00% | +42.79% |
YINN vs. USO - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than USO's 0.86% expense ratio.
Dividends
YINN vs. USO - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.38%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YINN Direxion Daily China 3x Bull Shares | 1.38% | 1.12% | 1.81% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% |
Frequently Asked Questions
YINN and USO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YINN has higher volatility (21.19%) compared to USO (14.87%). In terms of maximum drawdown, YINN dropped -98.87% vs USO's -98.19%.
On 10-year performance, USO leads with 4.07% vs -18.76% for YINN. On fees, USO is cheaper at 0.86% per year. On volatility, USO has been the lower-risk option at 14.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USO has performed better with a 4.07% return vs -18.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USO is cheaper with a 0.86% expense ratio, compared with 1.52% for YINN.
YINN has the higher dividend yield at 1.38%, compared with 0.00% for USO.
YINN is categorized as Leveraged Equities, while USO is Oil & Gas. YINN tracks FTSE China 50 Index (300%), while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: Direxion and USCF. Their fees differ too: 1.52% for YINN and 0.86% for USO.
USO currently has the higher Sharpe Ratio (2.31 vs -0.27), 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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