What is YANG?

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

PERFORMANCE [as of 03/28/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
YANG -16.78% -20.22% -18.88% -38.05% -42.73% -28.04% -39.07%
YANG (NAV) -16.87% -20.97% -19.21% -38.17% -42.82% -28.07% -38.14%
FTSE China 50 Index 2.38% -0.62% 0.42% -8.19% -5.47% -6.38% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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. 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, big sector bets can be expected. The fund rebalances its leveraged exposure daily, so over the long haul, compounding effects can lead to profound differences in expected returns relative to the index. Thus, it is not a buy-and-hold investment and should not be expected to provide index leverage returns greater than a one-day period. The index is rebalanced quarterly.

YANG Summary Data

Direxion
12/03/09
1.08%
$135.41M
FTSE China 50 Index
N/A
Open-Ended Fund

Peers

N/A
FXP, YXI

Fund Flows

-$0.00B 5 Days
-$0.09B 30 Days
+$0.09B 90 Days

YANG Fund Structure

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

YANG Tax Exposures

20.00% / 39.60%
--
No

YANG Portfolio Data

1.67%
N/A

YANG Index Data

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

Factset Analytics Block Liquidity

As of 03/29/23

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

5,178,938
$50.92M
5,317,098
$47.33M
0.10%
$0.01
0.00%
1.70% / -0.65%
None
0.00%
50,000
106.34
0.00%
--
66,617
$9.48
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.

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.