CCPX vs YINN: which held to its multiple?

Over three months against its own daily promise, CCPX finished 3.3 points short and YINN 3.7 points short. Corgi China 2x Daily ETF and Direxion Daily FTSE China Bull 3X ETF.

+9.1%
CCPX returned, 3 months
+14.2%
YINN returned, 3 months
−3.7 pts
CCPX from its stated multiple
−5.0 pts
YINN from its stated multiple
CCPX · 3 months to Sep 30, 20263.7 pts short of its stated multiple
3.7 pts short of its stated multipleCCPX returned +9.1% while 2 times FXI's move would have been +12.8%FXI +6.4% ×2 implies+12.8%CCPX returned+9.1%3.7 pts short of its stated multipleCCPX returned +9.1% while 2 times FXI's move would have been +12.8%FXI +6.4% ×2 implies+12.8%CCPX returned+9.1%

CCPX returned +9.1% while 2 times FXI's move would have been +12.8%

YINN · 3 months to Sep 30, 20265 pts short of its stated multiple
5 pts short of its stated multipleYINN returned +14.2% while 3 times FXI's move would have been +19.2%FXI +6.4% ×3 implies+19.2%YINN returned+14.2%5 pts short of its stated multipleYINN returned +14.2% while 3 times FXI's move would have been +19.2%FXI +6.4% ×3 implies+19.2%YINN returned+14.2%

YINN returned +14.2% while 3 times FXI's move would have been +19.2%

ETFIQ Decay Resistance Score · CCPX scores higherDid it keep up with its own daily multiple, compounded day by day?
0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, 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

Total returnMultiple would giveDifference
WindowCCPXYINNCCPXYINNCCPXYINN
1 month−8.9%−12.7%−7.6%−11.5%−1.2 pts−1.2 pts
3 months+9.1%+14.2%+12.8%+19.2%−3.7 pts−5.0 pts
6 monthsnot published−19.7%not published−10.8%not published−8.9 pts
1 yearnot published−52.5%not published−47.3%not published−5.2 pts
3 yearsnot published−6.7%not published+115.1%not published−121.8 pts
Since launch
CCPX Jun 2026 · YINN Jan 2010
−11.1%−96.3%−7.1%+50.7%−4.0 pts−147.0 pts

CCPX and YINN over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CCPX
Corgi China 2x Daily ETF · Aims to return twice the daily move of iShares China Large-Cap ETF (FXI)
YINN
Direxion Daily FTSE China Bull 3X ETF · Aims to return three times the daily move of iShares China Large-Cap ETF (FXI)
Issuer Corgi Direxion
Sets out to return +2x +3x
Underlying asset FXI FXI
Segment country country
Fund returned, 3 months or since launch +9.1% +14.2%
Underlying returned, over that window +6.4% +6.4%
What the stated multiple implies, over that window +12.8% +19.2%
Difference from stated, over that window −3.7 pts −5.0 pts
Fund returned, 1 year or since launch −11.1% −52.5%
Difference from stated, over that window −4.0 pts −5.2 pts
Underlying volatility 17% 17%
Difference over the days both have traded −3.7 pts no shared window
Expense ratio 0.45% 1.34%
Launched Jun 3, 2026 Jan 4, 2010
Net assets $318,402 $583m

CCPX and YINN on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CCPX in plain words

Three months to Sep 30, 2026: CCPX returned +9.1% where its own daily promise gave +12.4%, 3.3 points short. Read the multiple against the whole window instead and 2 times FXI's 6.4% implies +12.8%, which makes CCPX look 3.7 points short. 0.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. CCPX aims to return +2 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 +2 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 17% 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.

YINN in plain words

Three months to Sep 30, 2026: YINN returned +14.2% where its own daily promise gave +17.9%, 3.7 points short. Read the multiple against the whole window instead and 3 times FXI's 6.4% implies +19.2%, which makes YINN look 5.0 points short. 1.4 of that is daily compounding, which happens to any 3 times fund over the same path, and the rest is the fund. YINN aims to return +3 times FXI's move each day, then resets. 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.

Questions people ask

Which came closer to its stated multiple, CCPX or YINN?
Over the window to Sep 30, 2026, CCPX finished 3.7 points from what its multiple implies and YINN finished 5.0 points from its own, so CCPX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are CCPX and YINN levered on the same thing?
Yes. Both are levered on iShares China Large-Cap ETF, CCPX at +2 times and YINN at +3 times the daily move.
Which one decays faster, CCPX or YINN?
Decay follows how much the underlying moves about. Over this window CCPX’s moved at 17% annualized and YINN’s at 17%, so CCPX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold CCPX or YINN 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.
Which is cheaper, CCPX or YINN?
CCPX charges 0.45% a year and YINN charges 1.34%, so CCPX is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, CCPX against YINN, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/ccpx-vs-yinn

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.