How Investors Lost 89% Betting Against China — Even When Their Prediction Was Correct
Key takeaways
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and DIREXION DAILY FTSE CHINA BEAR 3X SHARES wasn t one of them.
- If you wanted to short China at lunch and be flat by the closing bell, Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) is the tool.
- The numbers tell you exactly what kind of instrument this is.
How Investors Lost 89% Betting Against China — Even When Their Prediction Was Correct Omor Ibne Ehsan Wed, May 6, 2026 at 8:11 PM GMT+7 4 min read FXI YANG NVDA Quick Read Direxion Daily FTSE China Bear 3X Shares (YANG) closed near $28 today versus roughly $4,700 ten years ago on a split-adjusted basis, representing a 99% decline due to daily-reset leverage that compounds losses over extended holding periods. The i Shares China Large-Cap ETF (FXI) gained 7% over the past year while YANG fell 25%, and over five years FXI dropped 11% while YANG plummeted 89%, demonstrating how volatility decay erodes returns even when the directional thesis is correct.
YANG is designed exclusively for one- to three-day tactical shorts on specific China catalysts, not as a buy-and-hold position, because daily derivative resets cause structural decay through volatility whipsaw and path dependency that punishes longer holding periods regardless of directional accuracy.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and DIREXION DAILY FTSE CHINA BEAR 3X SHARES wasn t one of them. Get them here FREE.