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
-51.3 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) | $-56 |
| 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 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -39.8% | -78.2% | -55.2% | -50.1% | -44.4% | -33.9% | -- | -39.6% |
| Dividend Yield | 0.4% | 0.6% | 1.0% | 0.8% | 0.5% | 0.4% | -- | 0.2% |
| Total Returns | -39.4% | -77.6% | -54.2% | -49.3% | -43.9% | -33.5% | -- | -39.3% | Ann. Volatility | 105.6% | 107.7% | 95.3% | 99.0% | 96.6% | 85.1% | -- | 79.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.56 | 1% |
| MSCI EAFE | -1.92 | 12% |
| MSCI Emg Mkts | -4.01 | 51% |
Liquidity Measures
| Avg. volume (000) | 3,380 |
| ADV traded (mns) | $129 |
| Turnover | -251.9% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| Recent close | $38.24 |
| 30d moving avg. | $43.76 |
| Annualized volatility | 95.4% |
| Relative strength (RSI) | 46 |
| Short interest | -82.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| YANG (108 bp) Percentile rank | 93 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| YANG | 108.0 | 8.8 | 116.8 |
| Peer Avg. | 59.6 | 31.5 | 91.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .