Data as of .
YANG vs YXI: which held to its multiple?
Over three months against its own daily promise, YANG finished 3.6 points over and YXI 1.0 points over.
ETFIQ Decay Resistance Score: YANG scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| YANG | YXI | YANG | YXI | YANG | YXI | |
| 1 month | +6.9% | +2.5% | +6.3% | +2.1% | +0.6 pts | +0.4 pts |
| 3 months | +3.3% | +1.7% | +4.6% | +1.5% | −1.3 pts | +0.2 pts |
| 6 months | +8.9% | +5.9% | +12.3% | +4.1% | −3.4 pts | +1.8 pts |
| 1 year | +43.8% | +18.0% | +41.3% | +13.8% | +2.5 pts | +4.2 pts |
| 3 years | −82.8% | −28.7% | −109.0% | −36.3% | +26.2 pts | +7.6 pts |
| Since launch | −100.0% | −74.2% | −55.6% | −23.4% | −44.4 pts | −50.8 pts |
| YANG Direxion Daily FTSE China Bear 3X ETF Aims to return three times the opposite of the daily move of ISHARES CHINA LARGE-CAP ETF (FXI) | YXI ProShares Short FTSE China 50 Aims to return 1 times the opposite of the daily move of ISHARES CHINA LARGE-CAP ETF (FXI) | |
|---|---|---|
| Issuer | Direxion | ProShares |
| Sets out to return | -3x | -1x |
| On | FXI | FXI |
| Segment | country | country |
| Fund returned, 3 months | +3.3% | +1.7% |
| Underlying returned, 3 months | −1.5% | −1.5% |
| What the stated multiple implies, 3 months | +4.6% | +1.5% |
| Difference from stated, 3 months | −1.3 pts | +0.2 pts |
| Fund returned, 1 year or since launch | +43.8% | +18.0% |
| Difference from stated, over that window | +2.5 pts | +4.2 pts |
| Underlying volatility | 18% | 18% |
| Expense ratio | 1.03% | not published |
| Launched | Jan 4, 2010 | Mar 18, 2010 |
YANG in plain words
Three months to Sep 11, 2026: YANG returned +3.3% where its own daily promise gave −0.4%, 3.6 points over. Read the multiple against the whole window instead and −3 times FXI's −1.5% implies +4.6%, which makes YANG look 1.3 points short. 5.0 of that is daily compounding, which happens to any −3 times fund over the same path, and the rest is the fund. YANG aims to return -3 times FXI's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. FXI moved at 18% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
YXI in plain words
Three months to Sep 11, 2026: YXI returned +1.7% where its own daily promise gave +0.7%, 1.0 points over. Read the multiple against the whole window instead and −1 times FXI's −1.5% implies +1.5%, which makes YXI look 0.2 points over. 0.8 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. YXI aims to return -1 times FXI's move each day, then resets. Over longer, the daily results compound, so the total is not -1 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, YANG or YXI?
- Over the window to Sep 11, 2026, YANG finished 1.3 points from what its multiple implies and YXI finished 0.2 points from its own, so YXI came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are YANG and YXI levered on the same thing?
- Yes. Both are levered on ISHARES CHINA LARGE-CAP ETF, YANG at -3 times and YXI at -1 times the daily move.
- Which one decays faster, YANG or YXI?
- Decay follows how much the underlying moves about. Over this window YANG’s moved at 18% annualized and YXI’s at 18%, so YANG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold YANG or YXI for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, YANG against YXI, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/YANG-YXI Free to use with attribution; the underlying files are at Open data.