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

Performance

YINN vs. YANG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bull Shares (YINN) and Direxion Daily China 3x Bear Shares (YANG). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%JuneJulyAugustSeptemberOctoberNovember
3.06%
-46.67%
YINN
YANG

Returns By Period

In the year-to-date period, YINN achieves a 35.50% return, which is significantly higher than YANG's -69.14% return. Over the past 10 years, YINN has outperformed YANG with an annualized return of -26.01%, while YANG has yielded a comparatively lower -36.01% annualized return.


YINN

YTD

35.50%

1M

-18.89%

6M

3.02%

1Y

8.29%

5Y (annualized)

-39.20%

10Y (annualized)

-26.01%

YANG

YTD

-69.14%

1M

11.70%

6M

-46.72%

1Y

-63.61%

5Y (annualized)

-39.42%

10Y (annualized)

-36.01%

Key characteristics


YINNYANG
Sharpe Ratio0.10-0.65
Sortino Ratio0.88-0.71
Omega Ratio1.110.91
Calmar Ratio0.10-0.64
Martin Ratio0.30-1.25
Ulcer Index31.03%51.10%
Daily Std Dev96.60%98.67%
Max Drawdown-98.87%-99.96%
Current Drawdown-97.71%-99.94%

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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.


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 YANG: current value at 1.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.07%

Correlation

-0.50.00.51.0-1.0

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.

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.


Sharpe ratio
The chart of Sharpe ratio for YINN, currently valued at 0.10, compared to the broader market0.002.004.000.10-0.65
The chart of Sortino ratio for YINN, currently valued at 0.88, compared to the broader market-2.000.002.004.006.008.0010.000.88-0.71
The chart of Omega ratio for YINN, currently valued at 1.11, compared to the broader market0.501.001.502.002.503.001.110.91
The chart of Calmar ratio for YINN, currently valued at 0.10, compared to the broader market0.005.0010.0015.000.10-0.64
The chart of Martin ratio for YINN, currently valued at 0.30, compared to the broader market0.0020.0040.0060.0080.00100.000.30-1.25
YINN
YANG

The current YINN Sharpe Ratio is 0.10, which is higher than the YANG Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of YINN and YANG, 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-1.00-0.500.000.501.001.50JuneJulyAugustSeptemberOctoberNovember
0.10
-0.65
YINN
YANG

Dividends

YINN vs. YANG - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 2.10%, less than YANG's 2.86% yield.


TTM2023202220212020201920182017201620152014
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
2.86%0.78%0.00%0.00%0.68%0.77%0.40%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.


-100.00%-99.00%-98.00%-97.00%-96.00%-95.00%JuneJulyAugustSeptemberOctoberNovember
-97.71%
-99.94%
YINN
YANG

Volatility

YINN vs. YANG - Volatility Comparison

Direxion Daily China 3x Bull Shares (YINN) and Direxion Daily China 3x Bear Shares (YANG) have volatilities of 30.84% and 30.74%, 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.


10.00%20.00%30.00%40.00%50.00%60.00%70.00%JuneJulyAugustSeptemberOctoberNovember
30.84%
30.74%
YINN
YANG