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.
Key characteristics
| FXP | FNILX | |
|---|---|---|
| YTD Return | -49.08% | 27.36% |
| 1Y Return | -41.64% | 35.69% |
| 3Y Return (Ann) | -14.90% | 9.88% |
| 5Y Return (Ann) | -20.34% | 15.89% |
| Sharpe Ratio | -0.67 | 3.08 |
| Sortino Ratio | -0.73 | 4.08 |
| Omega Ratio | 0.91 | 1.58 |
| Calmar Ratio | -0.44 | 4.44 |
| Martin Ratio | -1.19 | 20.23 |
| Ulcer Index | 36.95% | 1.89% |
| Daily Std Dev | 66.12% | 12.42% |
| Max Drawdown | -99.90% | -33.75% |
| Current Drawdown | -99.86% | -0.23% |
Correlation
The correlation between FXP and FNILX is -0.51. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FXP vs. FNILX - Performance Comparison
In the year-to-date period, FXP achieves a -49.08% return, which is significantly lower than FNILX's 27.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
FXP vs. FNILX - Dividend Comparison
FXP's dividend yield for the trailing twelve months is around 4.72%, more than FNILX's 1.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 4.72% | 2.20% | 0.06% | 0.00% | 0.06% | 1.20% | 0.16% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.05% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.41% |
Drawdowns
FXP vs. FNILX - Drawdown Comparison
The maximum FXP drawdown since its inception was -99.90%, 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. For additional features, visit the drawdowns tool.
Volatility
FXP vs. FNILX - Volatility Comparison
ProShares UltraShort FTSE China 50 (FXP) has a higher volatility of 22.72% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 3.81%. 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.