ProShares UltraShort FTSE China 50 (FXP) belongs to the China Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FXP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FXP
FXP charges 0.95% annually. There are 34 ETFs in the China Equities category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin FTSE China ETF | 0.19% | 303.00M | Nov 2017 | FXP vs FLCH | |
| WisdomTree China ex-State-Owned Enterprises Fund | 0.32% | 483.10M | Sep 2012 | FXP vs CXSE | |
| Themes China Generative Artificial Intelligence ET... | 0.39% | — | Jul 2025 | FXP vs DRGN | |
| iShares MSCI China A UCITS ETF | 0.40% | — | Apr 2015 | FXP vs ISVBF | |
| Xtrackers MSCI All China Equity ETF | 0.50% | 5.96M | Apr 2014 | FXP vs CN |
Best Risk-Adjusted Alternatives to FXP
FXP has a PortfoliosLab risk / return rank of 10. There are 19 ETFs in the China Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares China Alpha Index ETF | 94 | 3.29M | Aug 2024 | FXP vs KCAI | |
| KraneShares Bosera MSCI China A Share ETF | 66 | 145.96M | Mar 2014 | FXP vs KBA | |
| Neuberger Berman China Equity ETF | 65 | 16.84M | Oct 2023 | FXP vs NBCE | |
| VanEck ChiNext Innovators ETF | 60 | 102.75M | Jul 2014 | FXP vs CNXT | |
| KraneShares SSE STAR Market 50 Index ETF | 54 | 365.88M | Jan 2021 | FXP vs KSTR |
Top Performing FXP Alternatives (YTD)
FXP is at 6.18% YTD. There are 10 ETFs in the China Equities category with higher YTD returns, going as high as 27.19%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares SSE STAR Market 50 Index ETF | 27.19% | 365.88M | Jan 2021 | FXP vs KSTR | |
| Matthews China Discovery Active ETF | 26.78% | 19.25M | Jan 2024 | FXP vs MCHS | |
| KraneShares 2X Long JD Daily ETF | 23.81% | 1.73M | Oct 2025 | FXP vs KJD | |
| Neuberger Berman China Equity ETF | 16.81% | 16.84M | Oct 2023 | FXP vs NBCE | |
| VanEck ChiNext Innovators ETF | 13.85% | 102.75M | Jul 2014 | FXP vs CNXT |
Lowest Volatility Alternatives to FXP
FXP has 40.60% 1-year volatility. There are 34 ETFs in the China Equities category with lower 1-year volatility, going as low as 14.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares China Alpha Index ETF | 14.18% | 3.29M | Aug 2024 | FXP vs KCAI | |
| KraneShares China Internet and Covered Call Strate... | 16.57% | 101.35M | Jan 2023 | FXP vs KLIP | |
| JPMorgan Active China ETF | 18.80% | 15.26M | Mar 2023 | FXP vs JCHI | |
| SPDR S&P China ETF | 19.37% | 469.51M | Mar 2007 | FXP vs GXC | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | 19.82% | 1.54B | Nov 2013 | FXP vs ASHR |
Lowest Drawdown Alternatives to FXP
FXP has a 1-year max drawdown of -25.65%. There are 22 ETFs in the China Equities category with shallower 1-year drawdowns, going as shallow as -5.90%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares China Alpha Index ETF | -5.90% | 3.29M | Aug 2024 | FXP vs KCAI | |
| KraneShares Bosera MSCI China A Share ETF | -8.33% | 145.96M | Mar 2014 | FXP vs KBA | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | -9.84% | 1.54B | Nov 2013 | FXP vs ASHR | |
| iShares MSCI China A ETF | -10.37% | 200.47M | Jun 2016 | FXP vs CNYA | |
| ProShares Short FTSE China 50 | -13.55% | 4.55M | Mar 2010 | FXP vs YXI |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 45 | 42.48% | 32.83B | Feb 2010 | FXP vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 47 | 31.43% | 12.76B | Jun 2006 | FXP vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -27.98% | 1.41B | Oct 2021 | FXP vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 59 | 33.75% | 5.15B | Jun 2009 | FXP vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 61 | 23.77% | 7.81B | Jun 2006 | FXP vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 56 | 71.41% | 2.47B | Jan 2007 | FXP vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 46 | 12.94% | 11.68B | Oct 2013 | FXP vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -44.29% | 2.00B | Feb 2010 | FXP vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 49 | 14.23% | 394.37M | Mar 2024 | FXP vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -35.49% | 244.68M | Oct 2011 | FXP vs UVXY |
Often Compared With FXP
Investors most often compare FXP with YANG, FXI, FNILX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare FXP with Any Fund or Stock
Compare FXP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FXP with funds that move differently
ProShares UltraShort FTSE China 50 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FXP.
Explore FXP Diversifiers