YANG
Direxion Daily FTSE China Bear 3X Shares
YANG provides daily 3x inverse leveraged exposure to a market-cap-weighted index of the 50 largest Chinese stocks traded in Hong Kong.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ -33.3 M
ASSETS UNDER MGMT
108 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 03, 2009 |
| Assets (mns) | $0 |
| Expense ratio | 108 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 01/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -11.6% | -62.9% | -74.1% | -48.2% | -38.6% | -43.5% | -- | -40.5% |
| Dividend Yield | 0.0% | 1.4% | 1.1% | 2.1% | 1.5% | 0.8% | -- | 0.5% |
| Total Returns | -11.6% | -61.5% | -73.1% | -46.1% | -37.1% | -42.7% | -- | -40.0% | Ann. Volatility | 74.0% | 76.1% | 88.5% | 86.4% | 95.0% | 82.5% | -- | 78.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -2.07 | 27% |
| MSCI EAFE | -2.87 | 38% |
| MSCI Emg Mkts | -3.67 | 73% |
Liquidity Measures
| Avg. volume (000) | 1,497 |
| ADV traded (mns) | $37 |
| Turnover | -111.6% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| 30d moving avg. (EMA) | $22.66 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.50/-0.43 |
| Bollinger Bands (Upper/Lower) | $23.81/$20.56 |
| Short interest (% of AUM) | 21.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)