YINN vs. YCS
YINN (Direxion Daily China 3x Bull Shares) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - YINN is a China Equities fund tracking the FTSE China 50 Index (300%), while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, YINN returned -20.77%/yr vs 13.08%/yr for YCS. At a 0.10 correlation, their price movements are largely independent. YINN charges 1.52%/yr vs 1.00%/yr for YCS.
Performance
YINN vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, YINN achieves a -35.64% return, which is significantly lower than YCS's 10.98% return. Over the past 10 years, YINN has underperformed YCS with an annualized return of -20.77%, while YCS has yielded a comparatively higher 13.08% annualized return.
YINN
- 1D
- 4.55%
- 1M
- -8.89%
- 6M
- -42.95%
- YTD
- -35.64%
- 1Y
- -36.89%
- 3Y*
- -8.66%
- 5Y*
- -38.06%
- 10Y*
- -20.77%
YCS
- 1D
- 0.02%
- 1M
- 2.88%
- 6M
- 7.93%
- YTD
- 10.98%
- 1Y
- 27.37%
- 3Y*
- 21.35%
- 5Y*
- 24.20%
- 10Y*
- 13.08%
YINN vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YINN Direxion Daily China 3x Bull Shares | -35.64% | 54.21% | 36.06% | -53.08% | -71.97% | -58.56% | -7.75% | 28.92% | -48.47% | 129.79% |
YCS ProShares UltraShort Yen | 10.98% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between YINN and YCS is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2009 | 0.10 |
The correlation between YINN and YCS shifts across timeframes, from -0.21 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YINN vs. YCS — Risk / Return Rank
YINN
YCS
YINN vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and ProShares UltraShort Yen (YCS). 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 | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.32 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 3.31 | -3.91 |
| Martin ratioReturn relative to average drawdown | -1.22 | 10.47 | -11.70 |
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Drawdowns
YINN vs. YCS - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for YINN and YCS.
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Drawdown Indicators
| YINN | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.87% | -49.56% | -49.31% |
Max Drawdown (1Y)Largest decline over 1 year | -61.64% | -8.30% | -53.34% |
Max Drawdown (3Y)Largest decline over 3 years | -69.08% | -23.05% | -46.03% |
Max Drawdown (5Y)Largest decline over 5 years | -95.48% | -27.32% | -68.16% |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | -27.32% | -71.27% |
Current DrawdownCurrent decline from peak | -97.72% | -0.39% | -97.33% |
Average DrawdownAverage peak-to-trough decline | -68.66% | -19.80% | -48.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.24% | 2.62% | +27.62% |
Volatility
YINN vs. YCS - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 18.79% compared to ProShares UltraShort Yen (YCS) at 2.46%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YINN | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.79% | 2.46% | +16.33% |
Volatility (6M)Calculated over the trailing 6-month period | 42.66% | 11.89% | +30.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.57% | 16.60% | +42.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.21% | 21.09% | +73.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.55% | 18.70% | +62.85% |
YINN vs. YCS - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than YCS's 1.00% expense ratio.
Dividends
YINN vs. YCS - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.39%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 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 | 1.39% | 1.12% | 1.81% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% |
Frequently Asked Questions
YINN and YCS have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YINN has higher volatility (18.79%) compared to YCS (2.46%). In terms of maximum drawdown, YINN dropped -98.87% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.08% vs -20.77% for YINN. On fees, YCS is cheaper at 1.00% per year. On volatility, YCS has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YCS has performed better with a 13.08% return vs -20.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YCS is cheaper with a 1.00% expense ratio, compared with 1.52% for YINN.
YINN has the higher dividend yield at 1.39%, compared with 0.00% for YCS.
YINN is categorized as China Equities, while YCS is Leveraged Currency. YINN tracks FTSE China 50 Index (300%), while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.52% for YINN and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.66 vs -0.62), 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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