Correlation
The correlation between FXP and FNILX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FXP vs. FNILX
Compare and contrast key facts about ProShares UltraShort FTSE China 50 (FXP) and Fidelity ZERO Large Cap Index Fund (FNILX).
FXP is a passively managed fund by ProShares that tracks the performance of the FTSE China 50 Net Tax USD (TR) (-200%). It was launched on Nov 8, 2007. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXP or FNILX.
Performance
FXP vs. FNILX - Performance Comparison
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Key characteristics
FXP:
-0.78
FNILX:
0.75
FXP:
-0.98
FNILX:
1.06
FXP:
0.87
FNILX:
1.15
FXP:
-0.54
FNILX:
0.70
FXP:
-1.22
FNILX:
2.64
FXP:
44.01%
FNILX:
5.05%
FXP:
70.94%
FNILX:
20.00%
FXP:
-99.92%
FNILX:
-33.75%
FXP:
-99.91%
FNILX:
-3.47%
Returns By Period
In the year-to-date period, FXP achieves a -30.58% return, which is significantly lower than FNILX's 1.10% return.
FXP
-30.58%
-6.78%
-35.11%
-55.19%
-29.28%
-24.73%
-18.99%
FNILX
1.10%
6.50%
-1.37%
14.91%
14.84%
15.84%
N/A
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FXP vs. FNILX - Expense Ratio Comparison
FXP has a 0.95% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Risk-Adjusted Performance
FXP vs. FNILX — Risk-Adjusted Performance Rank
FXP
FNILX
FXP vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort FTSE China 50 (FXP) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.
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Dividends
FXP vs. FNILX - Dividend Comparison
FXP's dividend yield for the trailing twelve months is around 8.45%, more than FNILX's 1.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 8.45% | 3.55% | 2.20% | 0.06% | 0.00% | 0.06% | 1.20% | 0.16% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.08% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
Drawdowns
FXP vs. FNILX - Drawdown Comparison
The maximum FXP drawdown since its inception was -99.92%, which is greater than FNILX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for FXP and FNILX.
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Volatility
FXP vs. FNILX - Volatility Comparison
ProShares UltraShort FTSE China 50 (FXP) has a higher volatility of 13.10% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.81%. This indicates that FXP's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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