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ETFs

Direxion Daily FTSE China Bear 3X Shares

YANG
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 3, 2009
Expense Ratio
0.95%
Type
Global Ex. US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$44,879,908
AUM
$150,903,492
Associated Index
FTSE China 50 Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
GOLDMAN FINL SQ TRSRY INST 506
-17.15%
—
DREYFUS GOVT CASH MAN INS
-43.35%
Invest with YANG
Trade YANG Options

What is YANG?

The Direxion Daily FTSE China Bear 3X Shares seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the FTSE China 50 Index (the China Index). There is no guarantee the fund will meet its stated investment objective. The FTSE China 50 Index (TXIN0UNU) consists of the 50 largest and most liquid public Chinese companies currently trading on the Hong Kong Stock Exchange ( SEHK ). Securities in the Index are weighted based on the total market value of their shares, so that securities with higher total market values will generally have a higher representation in the Index.

1M
3M
6M
YTD
1Y
3Y
Max
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YANG
Performance Measures**

for the time period Sep 1, 2010 to Dec 16, 2025

Returns

1M Trailing Return: 10.7%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 20.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -100.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 79.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.23

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.40

The annualized return divided by the max drawdown for the selected time period.

ETFs related toYANG

ETFs correlated to YANG include EDZ, EFZ, EPV

YANG
Direxion Shares ETF Trust - Direxion Daily FTSE China Bear -3X Shares
EDZ
Direxion Shares ETF Trust - Direxion Daily MSCI Emerging Markets Bear -3x Shares
EFZ
ProShares Trust - ProShares Short MSCI EAFE -1X Shares
EPV
ProShares Trust - ProShares UltraShort FTSE Europe -2X Shares
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
DUST
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bear -2X Shares
GDXD
Bank of Montreal - MicroSectors Gold Miners -3X Inverse Leveraged ETNs
JDST
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bear -2X Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
SOXS
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toYANG

Yinn/Yang ftlt using fxi from 2007 @ 2 Sharpe | Version 2

Category

China equities, leveraged ETFs, tactical timing, momentum, trend, relative strength

OOS Cumulative Return

277.54%

LBT | Monotonic Microblob-δ w/ BSC (Aug2015-Current)

Category

Tactical multi-asset, leveraged ETFs, long/short, trend + mean reversion, volatility trading, daily rotation

OOS Cumulative Return

263.16%

Create your own algorithmic trading strategy with YANG using Composer

FAQ

YANG is a Global Ex. US Equities ETF. The Direxion Daily FTSE China Bear 3X Shares seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the FTSE China 50 Index (the China Index). There is no guarantee the fund will meet its stated investment objective. The FTSE China 50 Index (TXIN0UNU) consists of the 50 largest and most liquid public Chinese companies currently trading on the Hong Kong Stock Exchange ( SEHK ). Securities in the Index are weighted based on the total market value of their shares, so that securities with higher total market values will generally have a higher representation in the Index.

YANG tracks the FTSE China 50 Index.

No, YANG is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, YANG is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on YANG is -0.0053%. This is the percent change in the value of YANG over the most recent 1-month period. The 3-month return on YANG is -0.0374%. This is the percent change in the value of YANG over the most recent 3-month period.

The standard deviation of YANG for the past year is 1.0221%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to YANG include FXP, XPP, and YXI.

ETFs correlated to YANG include EDZ, EFZ, and EPV.

ETFs that are inversely correlated to YANG include YINN, FXI, and MCHI.

Yes, YANG is a Inverse (-3x) ETF: This means that YANG will try to match the performance of FTSE China 50 Index, but with 3x the returns.

Yes, YANG is a Inverse (-3x) leveraged ETF: This means that YANG will try to match the performance of FTSE China 50 Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.