YINN vs. YXI
YINN (Direxion Daily China 3x Bull Shares) and YXI (ProShares Short FTSE China 50) are both China Equities funds - YINN tracks the FTSE China 50 Index (300%) while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 10 years, YINN returned -20.77%/yr vs -7.29%/yr for YXI. At a correlation of -0.93, they often move in opposite directions. YINN charges 1.52%/yr vs 0.95%/yr for YXI.
Performance
YINN vs. YXI - 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 YXI's 12.29% return. Over the past 10 years, YINN has underperformed YXI with an annualized return of -20.77%, while YXI has yielded a comparatively higher -7.29% 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%
YXI
- 1D
- -0.91%
- 1M
- 3.13%
- 6M
- 17.42%
- YTD
- 12.29%
- 1Y
- 9.77%
- 3Y*
- -9.43%
- 5Y*
- -2.73%
- 10Y*
- -7.29%
YINN vs. YXI - 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% |
YXI ProShares Short FTSE China 50 | 12.29% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
Correlation
The correlation between YINN and YXI is -0.93, 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 | -0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | -0.93 |
The correlation between YINN and YXI has been stable across timeframes, ranging from -0.98 to -0.93 - a consistent structural relationship.
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Return for Risk
YINN vs. YXI — Risk / Return Rank
YINN
YXI
YINN vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) and ProShares Short FTSE China 50 (YXI). 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 | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.10 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 0.86 | -1.46 |
| Martin ratioReturn relative to average drawdown | -1.22 | 1.73 | -2.95 |
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Drawdowns
YINN vs. YXI - Drawdown Comparison
The maximum YINN drawdown since its inception was -98.87%, which is greater than YXI's maximum drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for YINN and YXI.
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Drawdown Indicators
| YINN | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.87% | -81.15% | -17.72% |
Max Drawdown (1Y)Largest decline over 1 year | -61.64% | -11.39% | -50.25% |
Max Drawdown (3Y)Largest decline over 3 years | -69.08% | -53.12% | -15.96% |
Max Drawdown (5Y)Largest decline over 5 years | -95.48% | -57.65% | -37.83% |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | -61.79% | -36.80% |
Current DrawdownCurrent decline from peak | -97.72% | -77.07% | -20.65% |
Average DrawdownAverage peak-to-trough decline | -68.66% | -54.45% | -14.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.24% | 5.66% | +24.58% |
Volatility
YINN vs. YXI - Volatility Comparison
Direxion Daily China 3x Bull Shares (YINN) has a higher volatility of 18.79% compared to ProShares Short FTSE China 50 (YXI) at 7.44%. This indicates that YINN's price experiences larger fluctuations and is considered to be riskier than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YINN | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.79% | 7.44% | +11.35% |
Volatility (6M)Calculated over the trailing 6-month period | 42.66% | 15.44% | +27.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.57% | 20.65% | +38.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.21% | 31.47% | +62.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.55% | 27.44% | +54.11% |
YINN vs. YXI - Expense Ratio Comparison
YINN has a 1.52% expense ratio, which is higher than YXI's 0.95% expense ratio.
Dividends
YINN vs. YXI - Dividend Comparison
YINN's dividend yield for the trailing twelve months is around 1.39%, less than YXI's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
YXI ProShares Short FTSE China 50 | 2.53% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% | 0.00% |
Frequently Asked Questions
YINN and YXI have a correlation of -0.93, 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 YXI (7.44%). In terms of maximum drawdown, YINN dropped -98.87% vs YXI's -81.15%.
On 10-year performance, YXI leads with -7.29% vs -20.77% for YINN. On fees, YXI is cheaper at 0.95% per year. On volatility, YXI has been the lower-risk option at 7.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YXI has performed better with a -7.29% return vs -20.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YXI is cheaper with a 0.95% expense ratio, compared with 1.52% for YINN.
YXI has the higher dividend yield at 2.53%, compared with 1.39% for YINN.
YINN tracks FTSE China 50 Index (300%), while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.52% for YINN and 0.95% for YXI.
YXI currently has the higher Sharpe Ratio (0.48 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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