FXP vs. ISVBF
FXP (ProShares UltraShort FTSE China 50) and ISVBF (iShares MSCI China A UCITS ETF) are both China Equities funds - FXP tracks the FTSE China 50 Net Tax USD (TR) (-200%) while ISVBF tracks the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, FXP returned -21.08%/yr vs -2.48%/yr for ISVBF. Their -0.35 correlation means they have often moved in opposite directions in the past. FXP charges 0.95%/yr vs 0.40%/yr for ISVBF.
Performance
FXP vs. ISVBF - Performance Comparison
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Returns By Period
In the year-to-date period, FXP achieves a 6.18% return, which is significantly higher than ISVBF's -6.75% return.
FXP
- 1D
- 0.44%
- 1M
- -23.97%
- 6M
- 9.78%
- YTD
- 6.18%
- 1Y
- -1.26%
- 3Y*
- -27.96%
- 5Y*
- -21.08%
- 10Y*
- -22.22%
- ALL TIME*
- -28.45%
ISVBF
- 1D
- -0.66%
- 1M
- 9.06%
- 6M
- -8.63%
- YTD
- -6.75%
- 1Y
- -0.99%
- 3Y*
- 8.45%
- 5Y*
- -2.48%
- 10Y*
- —
- ALL TIME*
- -4.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.24K | $95.91K | $96.09K | |
| $147.49K | $255.95K | $315.23K |
FXP vs. ISVBF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 6.18% | -45.32% | -52.46% | 12.74% | -11.73% | 28.89% |
ISVBF iShares MSCI China A UCITS ETF | -6.75% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
Correlation
The correlation between FXP and ISVBF is -0.66, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.66 |
Correlation (3Y) Balances recent behavior with more history. | -0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.36 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | -0.35 |
Over the past year, the inverse relationship between FXP and ISVBF has strengthened: their correlation has moved from -0.35 to -0.66, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
FXP vs. ISVBF — Risk / Return Rank
FXP
ISVBF
FXP vs. ISVBF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort FTSE China 50 (FXP) and iShares MSCI China A UCITS ETF (ISVBF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FXP | ISVBF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | -0.04 | -0.01 |
| Martin ratioReturn relative to average drawdown | -0.11 | -0.09 | -0.02 |
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Drawdowns
FXP vs. ISVBF - Drawdown Comparison
The maximum FXP drawdown since its inception was -99.94%, which is greater than ISVBF's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for FXP and ISVBF.
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Drawdown Indicators
| FXP | ISVBF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -53.78% | -46.16% |
Max Drawdown (1Y)Largest decline over 1 year | -25.65% | -24.14% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -82.34% | -24.14% | -58.20% |
Max Drawdown (5Y)Largest decline over 5 years | -87.85% | -46.06% | -41.79% |
Max Drawdown (10Y)Largest decline over 10 years | -93.56% | — | — |
Current DrawdownCurrent decline from peak | -99.92% | -24.42% | -75.50% |
Average DrawdownAverage peak-to-trough decline | -94.18% | -32.57% | -61.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 11.23% | +0.39% |
Volatility
FXP vs. ISVBF - Volatility Comparison
ProShares UltraShort FTSE China 50 (FXP) has a higher volatility of 10.97% compared to iShares MSCI China A UCITS ETF (ISVBF) at 6.46%. This indicates that FXP's price experiences larger fluctuations and is considered to be riskier than ISVBF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXP | ISVBF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.97% | 6.46% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 29.41% | 26.45% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.60% | 31.60% | +9.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.72% | 30.08% | +32.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.81% | 30.06% | +24.75% |
FXP vs. ISVBF - Expense Ratio Comparison
FXP has a 0.95% expense ratio, which is higher than ISVBF's 0.40% expense ratio.
Dividends
FXP vs. ISVBF - Dividend Comparison
FXP's dividend yield for the trailing twelve months is around 3.39%, while ISVBF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 3.39% | 9.57% | 3.55% | 2.20% | 0.06% | 0.00% | 0.06% | 1.20% | 0.16% |
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXP and ISVBF 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.
FXP has higher volatility (10.97%) compared to ISVBF (6.46%). In terms of maximum drawdown, FXP dropped -99.94% vs ISVBF's -53.78%.
On 5-year performance, ISVBF leads with -2.48% vs -21.08% for FXP. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 6.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -2.48% return vs -21.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.95% for FXP.
FXP has the higher dividend yield at 3.39%, compared with 0.00% for ISVBF.
FXP tracks FTSE China 50 Net Tax USD (TR) (-200%), while ISVBF tracks MSCI China A Inclusion Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for FXP and 0.40% for ISVBF.
FXP currently has the higher Sharpe Ratio (-0.03 vs -0.03), 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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