ProShares UltraShort FTSE China 50 (FXP) belongs to the Leveraged 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 92 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 34.68M | Mar 2026 | FXP vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.99M | Sep 2021 | FXP vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 239.79M | May 2014 | FXP vs SPUU | |
| Leverage Shares 2X Long GEMI Daily ETF | 0.75% | 620.57K | Nov 2025 | FXP vs GEMG | |
| Leverage Shares 2X Long CIFR Daily ETF | 0.75% | 7.09M | Dec 2025 | FXP vs CIFG |
Best Risk-Adjusted Alternatives to FXP
FXP has a PortfoliosLab risk / return rank of 14. There are 120 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 98 | 1.47B | Nov 2024 | FXP vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.60M | Apr 2021 | FXP vs XTAP | |
| GraniteShares 2x Long INTC Daily ETF | 98 | 785.62M | Feb 2025 | FXP vs INTW | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 19.18M | Apr 2021 | FXP vs QTAP | |
| Direxion Daily Semiconductor Bull 3X ETF | 96 | 28.01B | Mar 2010 | FXP vs SOXL |
Top Performing FXP Alternatives (YTD)
FXP is at 30.56% YTD. There are 75 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 780.13%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 780.13% | 1.47B | Nov 2024 | FXP vs MULL | |
| GraniteShares 2x Long DELL Daily ETF | 762.51% | 169.15M | Feb 2025 | FXP vs DLLL | |
| GraniteShares 2x Long INTC Daily ETF | 750.22% | 785.62M | Feb 2025 | FXP vs INTW | |
| Direxion Daily INTC Bull 2X Shares | 744.89% | 104.27M | Nov 2025 | FXP vs LINT | |
| Leverage Shares 2X Long BE Daily ETF | 658.88% | 36.14M | Dec 2025 | FXP vs BEG |
Lowest Volatility Alternatives to FXP
FXP has 39.65% 1-year volatility. There are 80 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.83%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.83% | 22.60M | Apr 2021 | FXP vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.12% | 19.18M | Apr 2021 | FXP vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.35% | 13.35M | Jul 2021 | FXP vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 9.88% | 22.17M | Jul 2021 | FXP vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.50% | 68.78M | Apr 2021 | FXP vs XDSQ |
Lowest Drawdown Alternatives to FXP
FXP has a 1-year max drawdown of -24.73%. There are 40 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.60M | Apr 2021 | FXP vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 19.18M | Apr 2021 | FXP vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.35M | Jul 2021 | FXP vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.17M | Jul 2021 | FXP vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.78M | Apr 2021 | FXP vs XDSQ |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 41.43% | 39.74B | Feb 2010 | FXP vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | FXP vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | FXP vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | FXP vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | FXP vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | FXP vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | FXP vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | FXP vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | FXP vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | FXP vs BITU |
Often Compared With FXP
Investors most often compare FXP with YXI, FXI, YANG. These 20 comparison targets span 6 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