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SRTY vs YANG

ProShares UltraPro Short Russell2000

SRTYANYSE Arca

Direxion Daily FTSE China Bear 3X ETF

YANGCNYSE Arca

Overlap

Expense ratio

SRTY −0.08pt a year

SRTY0.95%YANG1.03%

Avg volume · 30D

SRTY 2.4×the volume

SRTY1.6MYANG676K

10Y return · a year

YANG +7.7pt

SRTY−42.8%YANG−35.1%

SRTY vs YANG Performance

Oct 29, 2021 – Oct 30, 2026

−82.0%SRTY−88.1%YANG

Oct 29, 2021 to Oct 30, 2026. SRTY −82.0%. YANG −88.1%. Use the arrow keys to read each point.−50%0%50%100%Oct 2021Apr 2024Oct 2026
Expense ratio
SRTY 0.95%, better
YANG 1.03%
Fund size
SRTY $68M
YANG $83M
1Y total return
SRTY −37.4%
YANG +53.4%, better
Yield (12M)
SRTY 5.87%, better
YANG 2.83%
Holdings
SRTY 5
YANG 4
Avg volume (30D)
SRTY 1.6M sh, better
YANG 676K sh
NAV per share
SRTY $26.34
YANG $36.00
52W range

ETF.net Grade

SRTY: Cost 84, Risk 53, Mission 83, Tradability 70, Holdings not scored, Durability 56. YANG: Cost 42, Risk 70, Mission not scored, Tradability 27, Holdings not scored, Durability 53.
Pillar letters and Scores for SRTY, YANG, with each pillar’s weight
PillarSRTYYANG
Cost30% weightA84HigherC42
Mission25% weightA83Not scored
Risk15% weightC53A70Higher
Tradability15% weightA70HigherD27
Holdings10% weightNot scoredNot scored
Durability5% weightB56HigherC53

Rank among 3x Leveraged Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SRTY and YANG are both graded against the same 14 3x Leveraged Inverse funds, so their Grades compare head to head.

3x Leveraged Inverse⁠

Category · 14 funds
See all 14 ›

SRTY ranks 3rd and YANG 8th of 14 funds in the 3x Leveraged Inverse Category.

  1. Rank 1ASQQQProShares UltraPro Short QQQScore 83
  2. Rank 2ASDOWProShares UltraPro Short Dow30Score 78
  3. Rank 3ASRTYProShares UltraPro Short Russell2000Score 71
  4. Rank 4BTZADirexion Daily Small Cap Bear 3X ETFScore 61
  5. Rank 7CTECSDirexion Daily Technology Bear 3X ETFScore 46
  6. Rank 8CYANGDirexion Daily FTSE China Bear 3X ETFScore 45
  7. Rank 9CSMDDProShares UltraPro Short MidCap400Score 40

Our read on each fund

ETF.net Research

SRTYAProShares UltraPro Short Russell2000

YANGCDirexion Daily FTSE China Bear 3X ETF

In short

SRTY A one-day instrument by design: SRTY aims for three times the inverse of the Russell 2000's daily move, and it has been the ProShares small-cap bear since 2010.

YANG The 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.

Stated mandate

SRTY SRTY seeks daily investment results, before fees and expenses, equal to three times the inverse daily performance of the Russell 2000 Index.

YANG 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

  • SRTY 0.95% net of a waiver through September 30, 2027 (1.10% gross), which undercuts TZA at 0.99%, the only other 3x small-cap bear in the peer set, and sits below the category median.
  • The mechanism is plain: three times the inverse of the Russell 2000's daily performance, reset each day. That index covers roughly 2,000 of the smallest names in the Russell 3000.proshares.comfidelity.com
  • Listed since 2010 and actively traded, it rates as one of the stronger implementations in its bear-3x peer group.
  • YANG 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

  • SRTY Daily reset means compounding. Hold past a single day and results can diverge widely from 3x the index's move over that stretch, especially through choppy markets.proshares.com
  • The fee steps toward the 1.10% gross rate if the waiver is not extended past September 30, 2027.
  • Small caps are the jumpier end of US equity, and a 3x inverse multiplies that daily swing in both directions.fidelity.com
  • YANG 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.

Full SRTY profile⁠

Full YANG profile⁠

SRTY vs YANG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SRTY vs YANG Cost

Overpaying YANG vs SRTY

$1,304

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SRTY 0.95%

    $17,869

  • YANG 1.03%

    $19,173

$10,000
30 years

Cost over time

  • SRTY 0.95%
  • YANG 1.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530YANG $19,173SRTY $17,869

Year by year

YearSRTYYANGOverpaying
10$1,678$1,814$136
20$6,322$6,807$485
30$17,869$19,173$1,304

Expense ratio

  • 0.95%SRTY, cheaper
  • 1.03%YANG
  • Middle half of 3x Leveraged Inverse funds
  • Median 1.02%

SRTY 2nd cheapest of 14 funds

YANG 8th cheapest of 14 funds

SRTY vs YANG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SRTY 5.87%, better
YANG 2.83%
Payout (12M)
SRTY $1.55
YANG $0.98
Last payment
SRTY $0.27
YANG $0.27
Ex-dividend
SRTY Sep 23, 2026
YANG Sep 22, 2026
Paid on
SRTY Sep 29, 2026
YANG Sep 29, 2026
Frequency
SRTY Quarterly
YANG Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

SRTYQuarterly · 10 paymentsAll SRTY payments⁠
One bar per payment. 10 payments from 2018 to 2026 YTD. Mar 20, 2024 $1.50; Jun 26, 2024 $1.99; Dec 23, 2024 $1.80; Mar 26, 2025 $0.89; Jun 25, 2025 $0.68; Sep 24, 2025 $0.63; Dec 24, 2025 $0.72; Mar 25, 2026 $0.27; Jun 24, 2026 $0.29; Sep 23, 2026 $0.27. Use the arrow keys to read each point.$0$2.50202020232026YTD
YANGQuarterly · 23 paymentsAll YANG payments⁠
One bar per payment. 23 payments from 2018 to 2026 YTD. Mar 20, 2018 $1.05; Sep 25, 2018 $2.28; Dec 27, 2018 $4.19; Mar 19, 2019 $2.91; Jun 25, 2019 $3.80; Sep 24, 2019 $3.39; Dec 23, 2019 $1.91; Mar 24, 2020 $0.01; Mar 21, 2023 $3.17; Jun 21, 2023 $1.59; Sep 19, 2023 $1.80; Dec 21, 2023 $2.81; Mar 19, 2024 $1.91; Jun 25, 2024 $2.32; Sep 24, 2024 $1.63; Dec 23, 2024 $0.74; Mar 25, 2025 $0.26; Jun 24, 2025 $0.27; Sep 23, 2025 $0.21; Dec 23, 2025 $0.29; Mar 24, 2026 $0.26; Jun 23, 2026 $0.16; Sep 22, 2026 $0.27. Use the arrow keys to read each point.$0$2.50202020232026YTD

SRTY vs YANG Risk

Fall from peak · 5 years

  • SRTY
  • YANG
Oct 29, 2021 to Oct 30, 2026. Worst fall: YANG −97.4% · Oct 2025. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SRTY 54.0%, betterYANG 58.3%
Return per unit of riskSharpe ratio, 3 years
SRTY −1.04YANG −0.77, better
Worst fallMax drawdown, 5 years
SRTY −92.8%, betterYANG −97.4%
Market sensitivityBeta, 5 years
SRTY −3.24YANG −0.96

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