YANG
Direxion Daily FTSE China Bear 3X Shares·NYSE
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Key Stats
Assets Under Management
137.64MUSD
Fund Flows (1Y)
108.01MUSD
Dividend Yield
4.43%
Discount/Premium to NAV
-0.19%
Shares Outstanding
6.01M
Expense Ratio
1.02%
About Direxion Daily FTSE China Bear 3X Shares
Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Dec 3, 2009
Structure
Open-Ended Fund
Index Tracked
FTSE China 50 Index
Management Style
Passive
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
Asset Class
Equity
Category
Size and Style
Focus
Large Cap
Niche
Broad-based
Strategy
Exchange-specific
Geography
China
Weighting Scheme
Market Cap
Selection Criteria
Hong Kong-listed
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.48% | +4.14% | -0.26% | -59.76% | -87.43% | -89.74% |
NAV Total Return | +12.42% | +7.21% | +11.54% | -56.96% | -84.36% | -87.37% |
Ratings
No data is currently available
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Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
DREYFUS GOVT CASH MAN INS
67.07%
GOLDMAN FINL SQ TRSRY INST 506
26.72%
DREYFUS TRSRY SECURITIES CASH MGMT
10.08%
ISHARES CHINA LARGECAP ETF SWAP
-50.30%
Top 10 Weight 53.56%
4 Total Holdings
Is SPY better than YANG?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-23 | 2025-12-23 | 2025-12-31 | 0.286 |
| 2025-09-23 | 2025-09-23 | 2025-09-30 | 0.206 |
| 2025-06-24 | 2025-06-24 | 2025-07-01 | 0.266 |
| 2025-03-25 | 2025-03-25 | 2025-04-01 | 0.255 |
| 2024-12-23 | 2024-12-23 | 2024-12-31 | 0.735 |
| 2024-09-24 | 2024-09-24 | 2024-10-01 | 0.081 |
| 2024-06-25 | 2024-06-25 | 2024-07-02 | 0.116 |
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How Much Does YANG Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy YANG?
Fund Flows
