Highlights
- Avg. Volume (1M)
- 4K
- Avg. Volume Value (1M)
- $74.04K
Share Price Chart
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Performance
XPP Performance Chart
ProShares Ultra FTSE China 50 (XPP) is down 13.3% since the beginning of the year. XPP is currently trading at $22 per share. Investors who bought $1,000 worth of XPP shares 5 years ago would now be looking at an investment worth $459.
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Returns By Period
ProShares Ultra FTSE China 50 (XPP) has returned -13.25% so far this year and -7.90% over the past 12 months. Over the last ten years, XPP has returned -5.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
ProShares Ultra FTSE China 50
- 1D
- -0.03%
- 1M
- 29.99%
- 6M
- -18.24%
- YTD
- -13.25%
- 1Y
- -7.90%
- 3Y*
- 4.02%
- 5Y*
- -14.42%
- 10Y*
- -5.62%
- ALL TIME*
- -4.67%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
XPP Monthly Returns History
Based on dividend-adjusted daily data since Jun 4, 2009, XPP's average daily return is +0.04%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2022 with a return of +72.6%, while the worst month was Sep 2011 at -36.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, XPP closed higher 50% of trading days. The best single day was Mar 16, 2022 with a return of +42.7%, while the worst single day was Oct 8, 2024 at -21.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.10% | -12.45% | -8.06% | 4.32% | -9.79% | -18.37% | 32.23% | -13.25% | |||||
| 2025 | 8.44% | 20.54% | 2.20% | -13.30% | 5.63% | 12.72% | 2.89% | 7.03% | 11.20% | -8.12% | -1.56% | -4.51% | 45.84% |
| 2024 | -19.11% | 13.50% | 4.50% | 10.84% | 7.66% | -5.39% | -3.20% | 5.07% | 41.73% | -4.89% | -9.38% | 2.67% | 38.18% |
| 2023 | 24.56% | -23.69% | 9.94% | -9.28% | -16.92% | 9.54% | 23.56% | -20.07% | -7.62% | -8.89% | -3.81% | -5.43% | -34.77% |
| 2022 | 6.47% | -15.51% | -20.26% | -7.79% | 4.20% | 12.49% | -20.48% | -2.09% | -27.73% | -36.39% | 72.56% | 4.30% | -50.06% |
| 2021 | 12.77% | -1.81% | -10.58% | -1.84% | -0.27% | 0.68% | -24.30% | 1.33% | -10.10% | 6.57% | -10.59% | -7.13% | -40.45% |
Benchmark Metrics
ProShares Ultra FTSE China 50 has an annualized alpha of -14.38%, beta of 1.83, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since June 04, 2009.
- This ETF participated in 157.23% of S&P 500 Index downside but only 77.13% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.35 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -14.38%
- Beta
- 1.83
- R²
- 0.35
- Upside Capture
- 77.13%
- Downside Capture
- 157.23%
Expense Ratio
XPP has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
XPP ranks 8 for risk / return — above 8% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ProShares Ultra FTSE China 50 (XPP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XPP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.25 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 2.00 | -2.25 |
| Martin ratioReturn relative to average drawdown | -0.50 | 8.49 | -9.00 |
Dividends
Dividend History
ProShares Ultra FTSE China 50 provided a 2.41% dividend yield over the last twelve months, with an annual payout of $0.54 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.61 | $0.55 | $0.39 | $0.00 | $0.00 | $0.00 | $2.58 | $0.83 |
Dividend yield | 2.41% | 2.32% | 2.96% | 2.87% | 0.00% | 0.00% | 0.00% | 3.81% | 1.47% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra FTSE China 50. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.24 | |||||
| 2025 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.18 | $0.61 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.24 | $0.55 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.11 | $0.39 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra FTSE China 50. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Ultra FTSE China 50 was 89.90%, occurring on Jan 22, 2024. The portfolio has not yet recovered.
The current ProShares Ultra FTSE China 50 drawdown is 77.04%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-89.90%Jan 2024 | 5y 11mo | — | 8y 6moJan 2018 - now | — |
-71.64%Feb 2016 | 9mo 19d | 1y 11mo | 2y 9moApr 2015 - Jan 2018 | — |
-61.90%Oct 2011 | 11mo 2d | 3y 6mo | 4y 5moNov 2010 - Apr 2015 | — |
-37.13%May 2010 | 6mo 4d | 5mo 17d | 11mo 21dNov 2009 - Nov 2010 | — |
-22.58%Sep 2009 | 28d | 15d | 1mo 13dAug 2009 - Sep 2009 | Financial crisis2007–2009 |
Drawdown Indicators
| XPP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.90% | -56.78% | -33.12% |
Max Drawdown (1Y)Largest decline over 1 year | -44.78% | -9.10% | -35.68% |
Max Drawdown (3Y)Largest decline over 3 years | -48.56% | -18.90% | -29.66% |
Max Drawdown (5Y)Largest decline over 5 years | -81.38% | -25.43% | -55.95% |
Max Drawdown (10Y)Largest decline over 10 years | -89.90% | -33.92% | -55.98% |
Current DrawdownCurrent decline from peak | -77.04% | -1.58% | -75.46% |
Average DrawdownAverage peak-to-trough decline | -48.11% | -10.70% | -37.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.55% | 2.14% | +19.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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