Which came closer to its stated multiple, YANG or YINN?

Over the window to Sep 30, 2026, YANG finished 1.7 points from what its multiple implies and YINN finished 5.0 points from its own, so YANG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are YANG and YINN levered on the same thing?

Yes. Both are levered on iShares China Large-Cap ETF, YANG at -3 times and YINN at +3 times the daily move.

Which one decays faster, YANG or YINN?

Decay follows how much the underlying moves about. Over this window YANG’s moved at 17% annualized and YINN’s at 17%, so YANG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold YANG 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, YANG or YINN?

YANG charges 1.03% a year and YINN charges 1.34%, so YANG is cheaper. Fees come from each fund's prospectus.

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YANG vs YINN: which held to its multiple?

Over three months against its own daily promise, YANG finished 3.2 points over and YINN 3.7 points short. Direxion Daily FTSE China Bear 3X ETF and Direxion Daily FTSE China Bull 3X ETF.

−17.5%

YANG returned, 3 months

+14.2%

YINN returned, 3 months

+1.7 pts

YANG from its stated multiple

−5.0 pts

YINN from its stated multiple

YANG · 3 months to Sep 30, 20261.7 pts ahead of its stated multiple

YANG returned −17.5% while −3 times FXI's move would have been −19.2%

YINN · 3 months to Sep 30, 20265 pts short of its stated multiple

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

ETFIQ Decay Resistance Score · YANG scores higherDid it keep up with its own daily multiple, compounded day by day?

YANG among the 125 inverse ETFs over three months

YANG 86.8

0.4, the lowest in this set99.6, the highest

YINN among the 470 leveraged ETFs, long, over three months

YINN 28

0.1, the lowest in this set99.9, the highest

A percentile among the 125 inverse ETFs over three months. YINN is a percentile among the 470 leveraged ETFs, long, over three months, a different set, so the two marks are not on one scale. 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 return		Multiple would give		Difference
Window	YANG	YINN	YANG	YINN	YANG	YINN
1 month	+12.6%	−12.7%	+11.5%	−11.5%	+1.1 pts	−1.2 pts
3 months	−17.5%	+14.2%	−19.2%	+19.2%	+1.7 pts	−5.0 pts
6 months	+8.8%	−19.7%	+10.8%	−10.8%	−2.0 pts	−8.9 pts
1 year	+54.6%	−52.5%	+47.3%	−47.3%	+7.3 pts	−5.2 pts
3 years	−83.4%	−6.7%	−115.1%	+115.1%	+31.7 pts	−121.8 pts
Since launch YANG Jan 2010 · YINN Jan 2010	−100.0%	−96.3%	−50.7%	+50.7%	−49.2 pts	−147.0 pts

YANG 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

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)

YINN

Direxion Daily FTSE China Bull 3X ETF · Aims to return three times the daily move of iShares China Large-Cap ETF (FXI)

Issuer Direxion Direxion

Sets out to return -3x +3x

Underlying asset FXI FXI

Segment country country

Fund returned, 3 months or since launch −17.5% +14.2%

Underlying returned, over that window +6.4% +6.4%

What the stated multiple implies, over that window −19.2% +19.2%

Difference from stated, over that window +1.7 pts −5.0 pts

Fund returned, 1 year or since launch +54.6% −52.5%

Difference from stated, over that window +7.3 pts −5.2 pts

Underlying volatility 17% 17%

Expense ratio 1.03% 1.34%

Launched Jan 4, 2010 Jan 4, 2010

Net assets $112m $583m

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

YANG in plain words

Three months to Sep 30, 2026: YANG returned −17.5% where its own daily promise gave −20.7%, 3.2 points over. Read the multiple against the whole window instead and −3 times FXI's 6.4% implies −19.2%, which makes YANG look 1.7 points over. 1.5 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 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, YANG or YINN?: Over the window to Sep 30, 2026, YANG finished 1.7 points from what its multiple implies and YINN finished 5.0 points from its own, so YANG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are YANG and YINN levered on the same thing?: Yes. Both are levered on iShares China Large-Cap ETF, YANG at -3 times and YINN at +3 times the daily move.
Which one decays faster, YANG or YINN?: Decay follows how much the underlying moves about. Over this window YANG’s moved at 17% annualized and YINN’s at 17%, so YANG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold YANG 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, YANG or YINN?: YANG charges 1.03% a year and YINN charges 1.34%, so YANG is cheaper. Fees come from each fund's prospectus.

Other comparisons

YANG vs CCPX YANG vs FXP YANG vs XPP YANG vs YXI YINN vs CCPX YINN vs FXP YINN vs XPP YINN vs YXI

FXI →YANG on its own →YINN on its own →How every figure is computed →Standards and sources →

Where these figures came from

YANG and YINN filings on SEC EDGAR ↗YANG and YINN prospectus with the expense ratio (SEC) ↗Direxion website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, YANG against YINN, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/yang-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.