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YANG

Direxion Daily FTSE China Bear 3X Shares
ETF.com segment:
Inverse Equity: China - Large Cap
Competing ETFs: FXP, YXI
Related ETF Channels: Equity, Large Cap, Emerging Markets, Asia-Pacific, Inverse, China, FTSE China 50 Index-USD NET, Exchange-specific, Size and Style, Broad-based
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*Unless otherwise stated, data provided by FactSet.

YANG Fund Description

YANG provides daily 3x leveraged exposure to a cap-weighted index of the 50 largest Chinese stocks traded in Hong Kong.

YANG Factset Analytics Insight

YANG is an aggressive daily bet against Chinese large-cap equities, delivering -3x leveraged exposure to about 50 large and liquid names traded in Hong Kong. YANG rebalances its leveraged exposure daily, so over the long haul, compounding effects can lead to profound differences in expected returns relative to the index. The fund's underlying equity exposure doesn't aim for comprehensive "all China" exposure since it excludes A-shares traded on the mainland and names listed solely in the US. Therefore expect big sector bets relative to our broad benchmark. In particular, financial firms are heavily represented in this index, making YANG in part a bet against that sector. The underlying index is tracked in unleveraged form by FXI. YANG's expense ratio may be high by unlevered ETF standards, but is average when compared with other 3x leveraged funds. YANG has decent assets and has become fairly liquid, with a lot of daily trading volume and tiny spreads, which is good news given its short-term tactical mission.

YANG Charts And Performance

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PERFORMANCE [as of 12/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
YANG 9.11% -12.77% -22.46% -2.81% -29.15% -47.90% -44.82%
YANG (NAV) 11.78% -7.28% -23.45% -8.69% -29.43% -30.12% -36.80%
FTSE China 50 Index-USD NET -4.56% 1.40% 4.48% -2.44% 6.37% 2.94% -36.80%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

YANG Summary Data

Rafferty Asset Management
Direxion
12/03/09
Open-Ended Fund
1.08%
$80.64M
0.04%
Fund Home Page

YANG Portfolio Data

1.41%
12/23/19

YANG Index Data

FTSE China 50 Index-USD NET
Market Cap
Hong Kong-listed
N/A

YANG Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-3
Daily

YANG Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

YANG Factset Analytics Block Liquidity

As of 12/05/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of YANG. YANG is rated a N/A out of 5.

YANG Tradability

215,332
$10.69M
186,359
$9.33M
0.04%
$0.02
-0.01%
0.45% / -0.41%
None
0.00%
50,000
3.73
0.00%
--
2,775
$50.49
N/A

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

  • Collar Strategy
    Protection Strategy
  • Covered Call Strategy
    Income Strategy

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.