Key stats
About Direxion Daily FTSE China Bear 3x Shares
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Inception date
Dec 3, 2009
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
YANG last dividends amounted to 0.26 USD. The quarter before, the issuer paid 0.74 USD in dividends, which shows a 188.33% decrease.
YANG assets under management is 263.29 M USD. It's risen 16.38% over the last month.
YANG fund flows account for 172.14 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, YANG pays dividends to its holders with the dividend yield of 13.87%. The last dividend (Apr 1, 2025) amounted to 0.26 USD. The dividends are paid quarterly.
YANG shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Dec 3, 2009, and its management style is Passive.
YANG expense ratio is 1.02% meaning you'd have to pay 1.02% of your investment to help manage the fund.
YANG follows the FTSE China 50 Net Tax USD Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
YANG invests in cash.
YANG price has fallen by −15.08% over the last month, and its yearly performance shows a −76.96% decrease. See more dynamics on YANG price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −15.66% over the last month, showed a −17.18% decrease in three-month performance and has decreased by −75.05% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −15.66% over the last month, showed a −17.18% decrease in three-month performance and has decreased by −75.05% in a year.
YANG trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.