YANGDirexion Daily FTSE China Bear 3X Shares
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
YANG Portfolio Data
YANG Index Data
YANG Fund Structure
YANG Tax Exposures
YANG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of YANG. YANG is rated a 5 out of 5.
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.
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.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.