- ISIN
- US74347X8801
- CUSIP
- 74347X880
- Issuer
- ProShares
- Inception Date
- Jun 2, 2009
- Region
- Emerging Asia Pacific (China)
- Category
- Leveraged Equities, China Equities
- 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
- Assets Under Management
- $10M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
XPP Performance Chart
ProShares Ultra FTSE China 50 (XPP) is down 13.5% since the beginning of the year. XPP is currently trading at $23 per share. Investors who bought $1,000 worth of XPP shares 5 years ago would now be looking at an investment worth $349.
Loading charts...
Returns By Period
ProShares Ultra FTSE China 50 (XPP) has returned -13.50% so far this year and 1.02% over the past 12 months. Over the last ten years, XPP has returned -4.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
ProShares Ultra FTSE China 50
- 1D
- 6.13%
- 1M
- -2.95%
- YTD
- -13.50%
- 6M
- -17.44%
- 1Y
- 1.02%
- 3Y*
- 9.12%
- 5Y*
- -19.00%
- 10Y*
- -4.83%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
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 +0.46%. At this rate, an investment would double in approximately 12.6 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% | 7.63% | -13.50% | ||||||
| 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 -14.76%, 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 78.91% 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
- -14.76%
- Beta
- 1.83
- R²
- 0.35
- Upside Capture
- 78.91%
- 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra FTSE China 50 (XPP) and compare them to S&P 500 Index.
| XPP | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | 2.39 | -2.36 |
Sortino ratioReturn per unit of downside risk | 0.32 | 3.25 | -2.93 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.43 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 0.03 | 3.11 | -3.08 |
Martin ratioReturn relative to average drawdown | 0.06 | 14.38 | -14.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
ProShares Ultra FTSE China 50 provided a 2.51% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.61 | $0.55 | $0.39 | $0.00 | $0.00 | $0.00 | $2.58 | $0.83 |
Dividend yield | 2.51% | 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 | $0.00 | $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.
Loading charts...
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 77.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -89.90%Jan 2024 | 5y 11mo | — | 8y 4moJan 2018 - now |
2016 bear market2016 | -71.64%Feb 2016 | 9mo 19d | 1y 11mo | 2y 9moApr 2015 - Jan 2018 |
2011 bear market2011 | -61.90%Oct 2011 | 11mo 2d | 3y 6mo | 4y 5moNov 2010 - Apr 2015 |
2010 bear market2010 | -37.13%May 2010 | 6mo 4d | 5mo 17d | 11mo 21dNov 2009 - Nov 2010 |
Financial crisis2007–2009 | -22.58%Sep 2009 | 28d | 15d | 1mo 13dAug 2009 - Sep 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 | -32.60% | -9.10% | -23.50% |
Max Drawdown (3Y)Largest decline over 3 years | -52.95% | -18.90% | -34.05% |
Max Drawdown (5Y)Largest decline over 5 years | -85.24% | -25.43% | -59.81% |
Max Drawdown (10Y)Largest decline over 10 years | -89.90% | -33.92% | -55.98% |
Current DrawdownCurrent decline from peak | -77.11% | 0.00% | -77.11% |
Average DrawdownAverage peak-to-trough decline | -47.81% | -10.72% | -37.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.83% | 1.97% | +13.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with XPP
Add ProShares Ultra FTSE China 50 to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with XPP