YINN vs. YANG
Compare and contrast key facts about Direxion Daily China 3x Bull Shares (YINN) and Direxion Daily China 3x Bear Shares (YANG).
YINN and YANG 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. YANG 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. Both YINN and YANG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YINN or YANG.
Key characteristics
| YINN | YANG | |
|---|---|---|
| YTD Return | 35.64% | -68.98% |
| 1Y Return | 3.49% | -62.77% |
| 3Y Return (Ann) | -50.21% | -35.83% |
| 5Y Return (Ann) | -39.05% | -39.58% |
| 10Y Return (Ann) | -26.30% | -35.86% |
| Sharpe Ratio | 0.10 | -0.65 |
| Sortino Ratio | 0.89 | -0.73 |
| Omega Ratio | 1.11 | 0.91 |
| Calmar Ratio | 0.10 | -0.65 |
| Martin Ratio | 0.30 | -1.31 |
| Ulcer Index | 33.14% | 49.64% |
| Daily Std Dev | 97.92% | 99.82% |
| Max Drawdown | -98.87% | -99.96% |
| Current Drawdown | -97.71% | -99.94% |
Correlation
The correlation between YINN and YANG is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
YINN vs. YANG - Performance Comparison
In the year-to-date period, YINN achieves a 35.64% return, which is significantly higher than YANG's -68.98% return. Over the past 10 years, YINN has outperformed YANG with an annualized return of -26.30%, while YANG has yielded a comparatively lower -35.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YINN vs. YANG - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than YANG's 1.07% expense ratio.
Risk-Adjusted Performance
YINN vs. YANG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and Direxion Daily China 3x Bear Shares (YANG). 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.
Dividends
YINN vs. YANG - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 2.10%, less than YANG's 8.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | 2.10% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% |
YANG Direxion Daily China 3x Bear Shares | 8.14% | 1.89% | 0.00% | 0.00% | 0.68% | 1.31% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
YINN vs. YANG - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, roughly equal to the maximum YANG drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for YINN and YANG. For additional features, visit the drawdowns tool.
Volatility
YINN vs. YANG - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) and Direxion Daily China 3x Bear Shares (YANG) have volatilities of 34.21% and 34.56%, 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.