FXP vs. YXI
Compare and contrast key facts about ProShares UltraShort FTSE China 50 (FXP) and ProShares Short FTSE China 50 (YXI).
FXP and YXI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. YXI is a passively managed fund by ProShares that tracks the performance of the FTSE China 50 Net Tax USD (TR) (-100%). It was launched on Mar 16, 2010. Both FXP and YXI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXP or YXI.
Key characteristics
| FXP | YXI | |
|---|---|---|
| YTD Return | -52.56% | -27.40% |
| 1Y Return | -49.11% | -24.13% |
| 3Y Return (Ann) | -16.93% | -1.85% |
| 5Y Return (Ann) | -21.41% | -5.93% |
| 10Y Return (Ann) | -20.51% | -7.12% |
| Sharpe Ratio | -0.74 | -0.75 |
| Sortino Ratio | -0.92 | -0.93 |
| Omega Ratio | 0.88 | 0.88 |
| Calmar Ratio | -0.49 | -0.31 |
| Martin Ratio | -1.34 | -1.23 |
| Ulcer Index | 36.58% | 19.54% |
| Daily Std Dev | 65.87% | 31.96% |
| Max Drawdown | -99.90% | -77.78% |
| Current Drawdown | -99.87% | -74.25% |
Correlation
The correlation between FXP and YXI is 0.95, 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.
Performance
FXP vs. YXI - Performance Comparison
In the year-to-date period, FXP achieves a -52.56% return, which is significantly lower than YXI's -27.40% return. Over the past 10 years, FXP has underperformed YXI with an annualized return of -20.51%, while YXI has yielded a comparatively higher -7.12% annualized 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. YXI - Expense Ratio Comparison
Both FXP and YXI have an expense ratio of 0.95%.
Risk-Adjusted Performance
FXP vs. YXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort FTSE China 50 (FXP) 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.
Dividends
FXP vs. YXI - Dividend Comparison
FXP's dividend yield for the trailing twelve months is around 5.07%, more than YXI's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 5.07% | 2.20% | 0.06% | 0.00% | 0.06% | 1.20% | 0.16% |
YXI ProShares Short FTSE China 50 | 3.96% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Drawdowns
FXP vs. YXI - Drawdown Comparison
The maximum FXP drawdown since its inception was -99.90%, which is greater than YXI's maximum drawdown of -77.78%. Use the drawdown chart below to compare losses from any high point for FXP and YXI. For additional features, visit the drawdowns tool.
Volatility
FXP vs. YXI - Volatility Comparison
ProShares UltraShort FTSE China 50 (FXP) has a higher volatility of 24.08% compared to ProShares Short FTSE China 50 (YXI) at 12.04%. This indicates that FXP'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.