Direxion Daily FTSE China Bear 3X Shares (YANG) Performance
YANG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +51.5% since Dec 31, 2025
- 1 year
- +73.2% total return
- 5 years
- −32.1% a year
- 10 years
- −34.2% a year
- Since first price
- −36.7% a year since 2009
YANG trailing returns vs SPY, QQQ, AGG
| Period | YANG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +20.0% | +20.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +20.6% | +19.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +36.3% | +34.4% | +7.8% | +8.4% | −1.5% |
| YTD | +51.5% | +48.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +73.2% | +67.4% | +14.4% | +15.9% | −1.1% |
| 3 years | −83.4%−45.0%/yr | −85.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −85.5%−32.1%/yr | −87.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −98.5%−34.2%/yr | −98.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −99.9%−37.6%/yr | −99.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionDec 3, 2009 | −99.96%−36.7%/yr | −99.96% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: YANG vs SPY
From Dec 3, 2009: YANG grew to $4, SPY to $92,983.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
YANG returns by calendar year
4 of 16 full years positive. Best 2021 (+25.9%), worst 2024 (−71.4%). 2026 is year to date.
YANG annual returns table
| Year | YANG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +51.5% | −35.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −62.8% | −74.6% | +17.7% | +20.8% | +7.2% |
| 2024 | −71.4% | −86.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.0% | −42.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −41.3% | −75.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +25.9% | −42.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −58.7% | −77.2% | +18.3% | +48.6% | +7.5% |
| 2019 | −40.7% | −45.2% | +31.2% | +39.0% | +8.5% |
| 2018 | +13.1% | −31.8% | −4.6% | −0.1% | +0.1% |
| 2017 | −64.9% | −65.7% | +21.7% | +32.7% | +3.6% |
| 2016 | −31.8% | −69.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −13.0% | −58.6% | +1.2% | +9.4% | +0.5% |
| 2014 | −45.7% | −62.6% | +13.5% | +19.2% | +6.0% |
| 2013 | −59.8% | −70.3% | +32.3% | +36.6% | −2.0% |
| 2012 | −45.0% | −44.3% | +16.0% | +18.1% | +3.8% |
| 2011 | +3.3% | −50.7% | +1.9% | +3.4% | +7.7% |
| 2010 | −56.3% | −71.5% | +15.1% | +19.9% | +6.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
YANG largest drawdowns
Now 99.97% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 8, 2010 | −99.98% | Oct 2, 2025 | not yet | 15.6 years | 16.7 years so far |
| Dec 22, 2009 | −25.0% | Jan 11, 2010 | Jan 22, 2010 | 20 days | 31 days |
| Jan 29, 2010 | −13.8% | Feb 3, 2010 | Feb 8, 2010 | 5 days | 10 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
YANG risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | −45.2% | −37.4% | −35.1% | −37.7% |
| Volatility (annualized) | 58.6% | 81.8% | 68.5% | 66.2% |
| Sharpe ratio | -0.75 | -0.18 | -0.30 | -0.39 |
| Sortino ratio | -0.89 | -0.26 | -0.43 | -0.55 |
| Best month | +31.9% | +67.8% | +67.8% | +71.2% |
| Worst month | −48.8% | −64.1% | −64.1% | −64.1% |
| Best 12 months | +54.6% | +126.4% | +126.4% | +126.4% |
| Worst 12 months | −83.8% | −83.8% | −83.8% | −83.8% |
| Positive months | 47% | 48% | 42% | 39% |
| Beta vs S&P 500 | -0.37 | -0.74 | -1.21 | — |
| Correlation with S&P 500 | -0.08 | -0.14 | -0.27 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
YANG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 191 | −83.8% | −36.3% | +126.4% | 19% |
| 3-year (a year) | 167 | −67.6% | −37.7% | +10.6% | 1% |
| 5-year (a year) | 143 | −49.7% | −37.1% | −9.8% | 0% |
| 10-year (a year) | 83 | −42.7% | −37.4% | −30.2% | 0% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
YANG performance overview
Direxion Daily FTSE China Bear 3X Shares (YANG) returned +73.2% over the past year and −34.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned −36.7% a year, turning $10,000 into about $4. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.98%, from Feb 8, 2010 to Oct 2, 2025; the fund has not yet regained that high. YANG finished 4 of its 16 full calendar years with a gain; the best year was 2021 (+25.9%) and the worst 2024 (−71.4%). Volatility has been 66.2% a year.
Related: YANG chart, YANG dividends. See the YANG overview for the latest quote and fund facts.
YANG performance FAQ
What is the YANG return over the past year?
YANG returned +73.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 67.4%.
What is the average annual return of YANG?
YANG has returned −32.1% a year over 5 years, −34.2% a year over 10 years, −36.7% a year since December 3, 2009 (total return, distributions reinvested).
How much would $10,000 invested in YANG be worth?
$10,000 invested in YANG at its first recorded close on December 3, 2009 would be worth about $4 on October 23, 2026 with distributions reinvested.
What was the worst year for YANG?
The worst calendar year was 2024, with a total return of −71.4%. The best was 2021 at +25.9%.
What is the biggest drawdown of YANG?
The largest peak-to-trough decline was −99.98% between February 8, 2010 and October 2, 2025. It has not yet recovered to that high; it is 99.97% below its peak.
How volatile is YANG?
Over the past 3 years YANG had an annualized volatility of 58.6% and a Sharpe ratio of -0.75 (excess return over 1–3 month T-bills per unit of risk).