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ProShares Ultra FTSE China 50 (XPP)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US74347X8801
CUSIP
74347X880
Issuer
ProShares
Inception Date
Jun 2, 2009
Region
Emerging Asia Pacific (China)
Leveraged
2x
Index Tracked
FTSE/Xinhua China 25 Index (200%)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ProShares Ultra FTSE China 50, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

ProShares Ultra FTSE China 50 (XPP) has returned -14.59% so far this year and -6.76% over the past 12 months. Over the last ten years, XPP has returned -4.96% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


ProShares Ultra FTSE China 50

1D
5.09%
1M
-8.06%
YTD
-14.59%
6M
-26.23%
1Y
-6.76%
3Y*
2.42%
5Y*
-20.09%
10Y*
-4.96%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 4, 2009, XPP's average daily return is +0.04%, while the average monthly return is +0.46%. At this rate, your investment would double in approximately 12.6 years.

Historically, 53% of months were positive and 47% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20266.10%-12.45%-8.06%-14.59%
20258.44%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%
202324.56%-23.69%9.94%-9.28%-16.92%9.54%23.56%-20.07%-7.62%-8.89%-3.81%-5.43%-34.77%
20226.47%-15.51%-20.26%-7.79%4.20%12.49%-20.48%-2.09%-27.73%-36.39%72.56%4.30%-50.06%
202112.77%-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 -13.60%, beta of 1.83, and R² of 0.35 versus S&P 500 Index. Calculated based on daily prices since June 05, 2009.

  • This ETF participated in 158.67% of S&P 500 Index downside but only 81.88% 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
-13.60%
Beta
1.83
0.35
Upside Capture
81.88%
Downside Capture
158.67%

Expense Ratio

XPP has a high expense ratio of 0.95%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

XPP ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


XPP Risk / Return Rank: 99
Overall Rank
XPP Sharpe Ratio Rank: 99
Sharpe Ratio Rank
XPP Sortino Ratio Rank: 1111
Sortino Ratio Rank
XPP Omega Ratio Rank: 1111
Omega Ratio Rank
XPP Calmar Ratio Rank: 99
Calmar Ratio Rank
XPP Martin Ratio Rank: 88
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for ProShares Ultra FTSE China 50 (XPP) and compare them to a chosen benchmark (S&P 500 Index).


XPPBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.14

0.90

-1.04

Sortino ratio

Return per unit of downside risk

0.13

1.39

-1.26

Omega ratio

Gain probability vs. loss probability

1.02

1.21

-0.19

Calmar ratio

Return relative to maximum drawdown

-0.20

1.40

-1.60

Martin ratio

Return relative to average drawdown

-0.52

6.61

-7.13

Explore XPP risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

ProShares Ultra FTSE China 50 provided a 2.54% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%1.00%2.00%3.00%4.00%$0.00$0.50$1.00$1.50$2.00$2.5020182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018
Dividend$0.57$0.61$0.55$0.39$0.00$0.00$0.00$2.58$0.83

Dividend yield

2.54%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.11$0.11
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 77.40%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-89.9%Jan 29, 20181505Jan 22, 2024
-71.64%Apr 28, 2015201Feb 11, 2016490Jan 23, 2018691
-61.9%Nov 5, 2010229Oct 3, 2011882Apr 8, 20151111
-37.13%Nov 17, 2009127May 20, 2010116Nov 3, 2010243
-22.58%Aug 4, 200921Sep 1, 200910Sep 16, 200931

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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