ISVBF vs. FXP
ISVBF (iShares MSCI China A UCITS ETF) and FXP (ProShares UltraShort FTSE China 50) are both exchange-traded funds - ISVBF is a China Equities fund tracking the MSCI China A Inclusion Index, while FXP is a Leveraged Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-200%). Both are passively managed. Over the past 5 years, ISVBF returned -5.16%/yr vs -16.52%/yr for FXP. At a correlation of -0.34, they often move in opposite directions. ISVBF charges 0.40%/yr vs 0.95%/yr for FXP.
Performance
ISVBF vs. FXP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ISVBF achieves a -6.46% return, which is significantly lower than FXP's 13.64% return.
ISVBF
- 1D
- -2.03%
- 1M
- -2.58%
- YTD
- -6.46%
- 6M
- -7.93%
- 1Y
- 7.29%
- 3Y*
- 9.94%
- 5Y*
- -5.16%
- 10Y*
- —
FXP
- 1D
- 4.65%
- 1M
- 5.53%
- YTD
- 13.64%
- 6M
- 16.82%
- 1Y
- -6.43%
- 3Y*
- -30.22%
- 5Y*
- -16.52%
- 10Y*
- -23.04%
ISVBF vs. FXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -6.46% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
FXP ProShares UltraShort FTSE China 50 | 13.64% | -45.32% | -52.46% | 12.74% | -11.73% | 30.31% |
Correlation
The correlation between ISVBF and FXP is -0.67, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.34 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | -0.34 |
Over the past year, the inverse relationship between ISVBF and FXP has strengthened: their correlation has moved from -0.34 to -0.67, meaning they now move in opposite directions more often than their long-term average.
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
ISVBF vs. FXP — Risk / Return Rank
ISVBF
FXP
ISVBF vs. FXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) and ProShares UltraShort FTSE China 50 (FXP). 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.
| ISVBF | FXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.00 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.24 | +0.62 |
| Martin ratioReturn relative to average drawdown | 0.89 | -0.40 | +1.29 |
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
| ISVBF | FXP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | -0.16 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | -0.26 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | -0.44 | +0.29 |
Drawdowns
ISVBF vs. FXP - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum FXP drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for ISVBF and FXP.
Loading charts...
Drawdown Indicators
| ISVBF | FXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -99.94% | +46.16% |
Max Drawdown (1Y)Largest decline over 1 year | -19.18% | -27.21% | +8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -82.34% | +58.57% |
Max Drawdown (5Y)Largest decline over 5 years | -53.22% | -87.85% | +34.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.71% | — |
Current DrawdownCurrent decline from peak | -24.18% | -99.92% | +75.74% |
Average DrawdownAverage peak-to-trough decline | -32.76% | -94.15% | +61.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.21% | 17.66% | -9.45% |
Volatility
ISVBF vs. FXP - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (ISVBF) is 10.81%, while ProShares UltraShort FTSE China 50 (FXP) has a volatility of 15.06%. This indicates that ISVBF experiences smaller price fluctuations and is considered to be less risky than FXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISVBF | FXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.81% | 15.06% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 26.55% | 28.87% | -2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.57% | 39.29% | -8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.20% | 63.12% | -32.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.21% | 54.91% | -24.70% |
ISVBF vs. FXP - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than FXP's 0.95% expense ratio.
Dividends
ISVBF vs. FXP - Dividend Comparison
ISVBF has not paid dividends to shareholders, while FXP's dividend yield for the trailing twelve months is around 4.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 4.12% | 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
ISVBF and FXP have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXP has higher volatility (15.06%) compared to ISVBF (10.81%). In terms of maximum drawdown, ISVBF dropped -53.78% vs FXP's -99.94%.
On 5-year performance, ISVBF leads with -5.16% vs -16.52% for FXP. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 10.81%. 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 -5.16% return vs -16.52%. 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 4.12%, compared with 0.00% for ISVBF.
ISVBF is categorized as China Equities, while FXP is Leveraged Equities. ISVBF tracks MSCI China A Inclusion Index, while FXP tracks FTSE China 50 Net Tax USD (TR) (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.40% for ISVBF and 0.95% for FXP.
ISVBF currently has the higher Sharpe Ratio (0.24 vs -0.16), 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 ISVBF and FXP
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