YANG

Direxion Daily FTSE China Bear 3X Shares
*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 MSCI ESG Analytics Insight

Direxion Daily FTSE China Bear 3X Shares has an MSCI ESG Fund Rating of A based on a score of 6.28 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily FTSE China Bear 3X Shares ranks in the 63th percentile within its peer group and in the 37th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

YANG Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 01/25/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
YANG -35.76% -42.93% -29.81% -70.80% -34.05% -49.61% -40.37%
YANG (NAV) -41.61% -46.46% -34.89% -74.82% -35.18% -51.04% -40.92%
FTSE China 50 Index-USD NET 17.94% 20.43% 13.79% 28.54% 4.05% 15.59% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

YANG Summary Data

Direxion
12/03/09
Open-Ended Fund
1.07%
$32.45M
0.06%
FXP, YXI

YANG Portfolio Data

1.04%
N/A

YANG Index Data

Market Cap
Hong Kong-listed
N/A

YANG Fund Structure

Yes
No
No Policy
N/A
N/A
High
-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 01/26/21
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

296,441
$4.54M
253,165
$3.94M
0.06%
$0.01
0.01%
1.42% / -2.61%
None
0.00%
50,000
5.06
0.00%
--
8,334
$10.50
N/A

YANG MSCI ESG Ratings

6.28 / 10
36.54
63.21
--
--
2.50

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