Direxion Daily FTSE China Bear 3X ETF
BThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$31.50−0.09 (−0.28%)
- 1.03%
- $96M
- +24.8%
- 3.11%
- 0.7M sh
- $31.29
- low $19.94high $42.22
The ETF.net YANG Grade
B
Score 58 out of 100
- 6 of 14
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B57 out of 100Rank 6 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B68 out of 100Rank 5 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 7 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 7 of 14
Our read on YANG
BThe blunt instrument for a rough day in Chinese equities. YANG aims for -300% of the FTSE China 50's daily move, resets every night, and has been running that playbook since 2009. Built for a day, not a decade.
The fund seeks daily investment results, before fees and expenses, equal to -300% of the FTSE China 50 Index. Its objective applies to a single day and is not intended to provide negative three-times cumulative performance over longer periods.
Why people hold it
- Costs 1.03% a year, below the typical leveraged bear fund and well under the other US funds shorting this same index (FXP at 1.79%, YXI at 2.65%).
- Aims for -300% of the index's daily move, so expressing a bearish view ties up a fraction of the capital an unleveraged short position would.
- Short exposure in a plain brokerage account: no margin agreement, no locating shares to borrow, no losses beyond the amount invested.direxion.com
- Launched in December 2009 and actively traded since, making it one of the more established ways to short large Hong Kong-listed Chinese names.direxion.com
Worth knowing
- The -3x objective applies to one day only. Hold longer and the nightly reset makes results path-dependent, especially in choppy markets.
- Leverage cuts both ways: an up day in the FTSE China 50 hits roughly three times as hard here.
- That 1.03% fee is cheap for this corner of the market but many times a plain index fund's, and it accrues daily whether the trade works or not.
YANG Holdings
- Other
- 4
- 156%
- Fxi Swap Asset Leg (Fxigss)
YANG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
YANG$12,480
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | YANG |
|---|---|
| Year to date | +28.5% |
| 1 month | +2.5% |
| 3 months | −6.7% |
| 1 year | +24.8% |
| 3 years | −44.9% |
| 5 years | −36.7% |
| 10 years | −35.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | YANG |
|---|---|---|
| 2026 YTD | +28.5% | |
| 2025 | −62.8% | |
| 2024 | −71.3% | |
| 2023 | +12.1% | |
| 2022 | −41.3% | |
| 2021 | +25.9% | |
| 2020 | −58.7% |
YANG in the news
YANG Dividends
- 3.11%
- $0.98
- $0.27 per share
- Quarterly
Distribution history
YANG Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 58.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.76
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −97.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.87
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
YANG Cost
1.03%
YANG1.03%
- The middle half of 3x Leveraged Inverse funds
- Median 1.05%
5 of the 14 3x Leveraged Inverse funds charge less.
Other funds in 3x Leveraged Inverse
- BSOXSDirexion Daily Semiconductor Bear 3X ETFExpense ratio 1.00%1 year return −96.1%
- BFAZDirexion Daily Financial Bear 3x ETFExpense ratio 1.03%1 year return −16.9%
- CTECSDirexion Daily Technology Bear 3X ETFExpense ratio 1.01%1 year return −73.3%
- CDRVDirexion Daily Real Estate Bear 3X ETFExpense ratio 1.07%1 year return −15.5%
- CSRTYProShares - UltraPro Short Russell2000Expense ratio 1.09%1 year return −43.1%