BERZ vs. YXI
BERZ (MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN) and YXI (ProShares Short FTSE China 50) are both Inverse Equities funds - BERZ tracks the Solactive FANG Innovation Index while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 3 years, BERZ returned -77.59%/yr vs -11.68%/yr for YXI. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
BERZ vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, BERZ achieves a -65.19% return, which is significantly lower than YXI's 8.21% return.
BERZ
- 1D
- 3.73%
- 1M
- -37.37%
- YTD
- -65.19%
- 6M
- -64.50%
- 1Y
- -86.22%
- 3Y*
- -77.59%
- 5Y*
- —
- 10Y*
- —
YXI
- 1D
- 1.95%
- 1M
- 2.80%
- YTD
- 8.21%
- 6M
- 9.88%
- 1Y
- 0.05%
- 3Y*
- -11.68%
- 5Y*
- -2.65%
- 10Y*
- -8.25%
BERZ vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | -65.19% | -78.81% | -65.95% | -89.12% | 102.85% | -30.19% |
YXI ProShares Short FTSE China 50 | 8.21% | -22.87% | -25.36% | 12.40% | 4.78% | 4.05% |
Correlation
The correlation between BERZ and YXI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | 0.39 |
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Return for Risk
BERZ vs. YXI — Risk / Return Rank
BERZ
YXI
BERZ vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and ProShares Short FTSE China 50 (YXI). 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.
| BERZ | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.02 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 0.00 | -0.99 |
| Martin ratioReturn relative to average drawdown | -1.54 | 0.01 | -1.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BERZ | YXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.14 | 0.00 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.08 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -0.30 | -0.44 |
Drawdowns
BERZ vs. YXI - Drawdown Comparison
The maximum BERZ drawdown since its inception was -99.80%, which is greater than YXI's maximum drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for BERZ and YXI.
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Drawdown Indicators
| BERZ | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -81.15% | -18.65% |
Max Drawdown (1Y)Largest decline over 1 year | -87.32% | -14.21% | -73.11% |
Max Drawdown (3Y)Largest decline over 3 years | -98.97% | -53.12% | -45.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.92% | — |
Current DrawdownCurrent decline from peak | -99.79% | -77.90% | -21.89% |
Average DrawdownAverage peak-to-trough decline | -71.57% | -54.31% | -17.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.07% | 8.18% | +47.89% |
Volatility
BERZ vs. YXI - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 23.63% compared to ProShares Short FTSE China 50 (YXI) at 7.21%. This indicates that BERZ's price experiences larger fluctuations and is considered to be riskier than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BERZ | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.63% | 7.21% | +16.42% |
Volatility (6M)Calculated over the trailing 6-month period | 57.98% | 14.86% | +43.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.77% | 19.97% | +55.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.20% | 31.40% | +60.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.20% | 27.42% | +64.78% |
BERZ vs. YXI - Expense Ratio Comparison
Both BERZ and YXI have an expense ratio of 0.95%.
Dividends
BERZ vs. YXI - Dividend Comparison
BERZ has not paid dividends to shareholders, while YXI's dividend yield for the trailing twelve months is around 2.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YXI ProShares Short FTSE China 50 | 2.84% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
BERZ and YXI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BERZ has higher volatility (23.63%) compared to YXI (7.21%). In terms of maximum drawdown, BERZ dropped -99.80% vs YXI's -81.15%.
On 3-year performance, YXI leads with -11.68% vs -77.59% for BERZ. Both ETFs have the same 0.95% expense ratio. On volatility, YXI has been the lower-risk option at 7.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YXI has performed better with a -11.68% return vs -77.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BERZ and YXI have the same expense ratio: 0.95% per year.
YXI has the higher dividend yield at 2.84%, compared with 0.00% for BERZ.
BERZ tracks Solactive FANG Innovation Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: BMO and ProShares.
YXI currently has the higher Sharpe Ratio (0.00 vs -1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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