EUM vs. YXI
EUM (ProShares Short MSCI Emerging Markets) and YXI (ProShares Short FTSE China 50) are both Inverse Equities funds from ProShares - EUM tracks the MSCI Emerging Markets Index (-100%) while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 10 years, EUM returned -10.22%/yr vs -8.18%/yr for YXI. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.
Performance
EUM vs. YXI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EUM achieves a -21.40% return, which is significantly lower than YXI's 7.60% return. Over the past 10 years, EUM has underperformed YXI with an annualized return of -10.22%, while YXI has yielded a comparatively higher -8.18% annualized return.
EUM
- 1D
- 1.09%
- 1M
- -5.64%
- YTD
- -21.40%
- 6M
- -22.97%
- 1Y
- -32.85%
- 3Y*
- -15.90%
- 5Y*
- -5.09%
- 10Y*
- -10.22%
YXI
- 1D
- -0.56%
- 1M
- 2.15%
- YTD
- 7.60%
- 6M
- 9.50%
- 1Y
- 1.04%
- 3Y*
- -11.86%
- 5Y*
- -2.76%
- 10Y*
- -8.18%
EUM vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | -21.40% | -22.61% | -0.83% | -3.89% | 21.11% | -1.32% | -24.37% | -15.27% | 14.60% | -28.08% |
YXI ProShares Short FTSE China 50 | 7.60% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
Correlation
The correlation between EUM and YXI is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2010 | 0.80 |
The correlation between EUM and YXI shifts across timeframes, from 0.64 (1 year) to 0.82 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUM vs. YXI — Risk / Return Rank
EUM
YXI
EUM vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI Emerging Markets (EUM) 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.
| EUM | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.03 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 0.07 | -1.04 |
| Martin ratioReturn relative to average drawdown | -1.91 | 0.13 | -2.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EUM | YXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.61 | 0.05 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.09 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.50 | -0.30 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | -0.30 | -0.05 |
Drawdowns
EUM vs. YXI - Drawdown Comparison
The maximum EUM drawdown since its inception was -93.07%, which is greater than YXI's maximum drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for EUM and YXI.
Loading charts...
Drawdown Indicators
| EUM | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.07% | -81.15% | -11.92% |
Max Drawdown (1Y)Largest decline over 1 year | -34.25% | -14.21% | -20.04% |
Max Drawdown (3Y)Largest decline over 3 years | -47.06% | -53.12% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -50.02% | -57.65% | +7.63% |
Max Drawdown (10Y)Largest decline over 10 years | -68.27% | -64.92% | -3.35% |
Current DrawdownCurrent decline from peak | -92.91% | -78.03% | -14.88% |
Average DrawdownAverage peak-to-trough decline | -77.17% | -54.31% | -22.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.41% | 7.79% | +9.62% |
Volatility
EUM vs. YXI - Volatility Comparison
ProShares Short MSCI Emerging Markets (EUM) has a higher volatility of 8.73% compared to ProShares Short FTSE China 50 (YXI) at 7.25%. This indicates that EUM'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.
Loading charts...
Volatility by Period
| EUM | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 7.25% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 17.94% | 14.87% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 19.93% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 31.39% | -12.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.54% | 27.42% | -6.88% |
EUM vs. YXI - Expense Ratio Comparison
Both EUM and YXI have an expense ratio of 0.95%.
Dividends
EUM vs. YXI - Dividend Comparison
EUM's dividend yield for the trailing twelve months is around 4.54%, more than YXI's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | 4.54% | 3.98% | 4.22% | 3.86% | 0.82% | 0.00% | 0.15% | 1.35% | 0.88% |
YXI ProShares Short FTSE China 50 | 2.85% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
EUM and YXI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUM has higher volatility (8.73%) compared to YXI (7.25%). In terms of maximum drawdown, EUM dropped -93.07% vs YXI's -81.15%.
On 10-year performance, YXI leads with -8.18% vs -10.22% for EUM. Both ETFs have the same 0.95% expense ratio. On volatility, YXI has been the lower-risk option at 7.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YXI has performed better with a -8.18% return vs -10.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUM and YXI have the same expense ratio: 0.95% per year.
EUM has the higher dividend yield at 4.54%, compared with 2.85% for YXI.
EUM tracks MSCI Emerging Markets Index (-100%), while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%).
YXI currently has the higher Sharpe Ratio (0.05 vs -1.61), 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.
Find the right allocation for EUM and YXI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer