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 -6.48%/yr vs -13.32%/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
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Returns By Period
In the year-to-date period, ISVBF achieves a -14.08% return, which is significantly lower than FXP's 33.85% return.
ISVBF
- 1D
- -1.68%
- 1M
- -5.25%
- YTD
- -14.08%
- 6M
- -14.23%
- 1Y
- -5.03%
- 3Y*
- 8.21%
- 5Y*
- -6.48%
- 10Y*
- —
FXP
- 1D
- 2.52%
- 1M
- 17.58%
- YTD
- 33.85%
- 6M
- 35.70%
- 1Y
- 21.62%
- 3Y*
- -26.91%
- 5Y*
- -13.32%
- 10Y*
- -22.09%
ISVBF vs. FXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -14.08% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
FXP ProShares UltraShort FTSE China 50 | 33.85% | -45.32% | -52.46% | 12.74% | -11.73% | 28.89% |
Correlation
The correlation between ISVBF and FXP is -0.66, 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 | -0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.34 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | -0.34 |
Over the past year, the inverse relationship between ISVBF and FXP has strengthened: their correlation has moved from -0.34 to -0.66, meaning they now move in opposite directions more often than their long-term average.
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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.
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.
| ISVBF | FXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.12 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.88 | -1.11 |
| Martin ratioReturn relative to average drawdown | -0.54 | 1.54 | -2.08 |
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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.
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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 | -21.97% | -24.73% | +2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -82.34% | +58.57% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -87.85% | +35.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.71% | — |
Current DrawdownCurrent decline from peak | -30.36% | -99.90% | +69.54% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -94.15% | +61.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.28% | 14.07% | -4.79% |
Volatility
ISVBF vs. FXP - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (ISVBF) is 8.48%, while ProShares UltraShort FTSE China 50 (FXP) has a volatility of 12.30%. 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.
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Volatility by Period
| ISVBF | FXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 12.30% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 26.93% | 29.50% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 39.64% | -8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 63.21% | -32.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.15% | 54.77% | -24.62% |
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 3.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 3.49% | 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 -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXP has higher volatility (12.30%) compared to ISVBF (8.48%). In terms of maximum drawdown, ISVBF dropped -53.78% vs FXP's -99.94%.
On 5-year performance, ISVBF leads with -6.48% vs -13.32% for FXP. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 8.48%. 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 -6.48% return vs -13.32%. 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 3.49%, 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.
FXP currently has the higher Sharpe Ratio (0.55 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.
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