AFTY vs. FXP

Last updated Jun 4, 2026

AFTY (Pacer CSOP FTSE China A50 ETF) and FXP (ProShares UltraShort FTSE China 50) are both exchange-traded funds - AFTY is a China Equities fund tracking the FTSE China A 50, while FXP is a Leveraged Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-200%). Both are passively managed. At a correlation of -0.66, they often move in opposite directions. AFTY charges 0.70%/yr vs 0.95%/yr for FXP.

Performance

AFTY vs. FXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer CSOP FTSE China A50 ETF (AFTY) and ProShares UltraShort FTSE China 50 (FXP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AFTY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FXP

• 1D: 4.65%
• 1M: 5.53%
• YTD: 13.64%
• 6M: 16.82%
• 1Y: -6.43%
• 3Y*: -30.22%
• 5Y*: -16.52%
• 10Y*: -23.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFTY vs. FXP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFTY Pacer CSOP FTSE China A50 ETF	0.00%	0.00%	20.48%	-12.80%	-22.47%	-7.37%	33.77%	44.23%	-24.26%	45.15%
FXP ProShares UltraShort FTSE China 50	13.64%	-45.32%	-52.46%	12.74%	-11.73%	23.56%	-39.47%	-29.01%	12.45%	-49.76%

Correlation

The correlation between AFTY and FXP is -0.66, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	-0.46
Correlation (5Y) Calculated over the trailing 5-year period	-0.59
Correlation (10Y) Calculated over the trailing 10-year period	-0.65
Correlation (All Time) Calculated using the full available price history since Mar 13, 2015	-0.66

The correlation between AFTY and FXP shifts across timeframes, from -0.66 (all time) to -0.46 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

AFTY vs. FXP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXP

FXP Risk / Return Rank: 7
FXP Sharpe Ratio Rank: 7
FXP Sortino Ratio Rank: 8
FXP Omega Ratio Rank: 8
FXP Calmar Ratio Rank: 7
FXP Martin Ratio Rank: 7

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.

AFTY vs. FXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer CSOP FTSE China A50 ETF (AFTY) and ProShares UltraShort FTSE China 50 (FXP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AFTY	FXP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.16	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.44	—

Drawdowns

Drawdown Indicators

	AFTY	FXP	Difference
Max Drawdown Largest peak-to-trough decline	—	-99.94%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-27.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-82.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-87.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.71%	—
Current Drawdown Current decline from peak	—	-99.92%	—
Average Drawdown Average peak-to-trough decline	—	-94.15%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.66%	—

Volatility

Volatility by Period

	AFTY	FXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	39.29%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	63.12%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	54.91%	—

AFTY vs. FXP - Expense Ratio Comparison

AFTY has a 0.70% expense ratio, which is lower than FXP's 0.95% expense ratio.

Dividends

AFTY vs. FXP - Dividend Comparison

AFTY has not paid dividends to shareholders, while FXP's dividend yield for the trailing twelve months is around 4.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFTY Pacer CSOP FTSE China A50 ETF	0.00%	0.00%	0.00%	2.23%	2.08%	1.84%	1.48%	7.96%	1.85%	6.62%	1.19%	16.76%
FXP ProShares UltraShort FTSE China 50	4.12%	9.57%	3.55%	2.20%	0.06%	0.00%	0.06%	1.20%	0.16%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AFTY and FXP in my portfolio?

AFTY and FXP have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AFTY or FXP?

On fees, AFTY is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AFTY or FXP?

AFTY is cheaper with a 0.70% expense ratio, compared with 0.95% for FXP.

Which ETF pays a higher dividend yield, AFTY or FXP?

FXP has the higher dividend yield at 4.12%, compared with 0.00% for AFTY.

What is the main difference between AFTY and FXP?

AFTY is categorized as China Equities, while FXP is Leveraged Equities. AFTY tracks FTSE China A 50, while FXP tracks FTSE China 50 Net Tax USD (TR) (-200%). They also come from different issuers: Pacer and ProShares. Their fees differ too: 0.70% for AFTY and 0.95% for FXP.