ISVBF vs. YXI
ISVBF (iShares MSCI China A UCITS ETF) and YXI (ProShares Short FTSE China 50) are both exchange-traded funds - ISVBF is a China Equities fund tracking the MSCI China A Inclusion Index, while YXI is a Inverse Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 5 years, ISVBF returned -6.63%/yr vs -0.14%/yr for YXI. At a correlation of -0.33, they often move in opposite directions. ISVBF charges 0.40%/yr vs 0.95%/yr for YXI.
Performance
ISVBF vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -14.80% return, which is significantly lower than YXI's 21.26% return.
ISVBF
- 1D
- -0.85%
- 1M
- -9.22%
- YTD
- -14.80%
- 6M
- -14.96%
- 1Y
- -6.39%
- 3Y*
- 7.90%
- 5Y*
- -6.63%
- 10Y*
- —
YXI
- 1D
- 2.00%
- 1M
- 12.62%
- YTD
- 21.26%
- 6M
- 21.92%
- 1Y
- 17.82%
- 3Y*
- -8.51%
- 5Y*
- -0.14%
- 10Y*
- -7.45%
ISVBF vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -14.80% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
YXI ProShares Short FTSE China 50 | 21.26% | -22.87% | -25.36% | 12.40% | 4.78% | 15.57% |
Correlation
The correlation between ISVBF and YXI is -0.64, 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 | -0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.33 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | -0.33 |
Over the past year, the inverse relationship between ISVBF and YXI has strengthened: their correlation has moved from -0.33 to -0.64, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
ISVBF vs. YXI — Risk / Return Rank
ISVBF
YXI
ISVBF vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) 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.
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 | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 1.43 | -1.72 |
| Martin ratioReturn relative to average drawdown | -0.68 | 2.78 | -3.46 |
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Drawdowns
ISVBF vs. YXI - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for ISVBF and YXI.
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Drawdown Indicators
| ISVBF | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -81.15% | +27.37% |
Max Drawdown (1Y)Largest decline over 1 year | -22.63% | -12.48% | -10.15% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -53.12% | +29.35% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -57.65% | +5.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.07% | — |
Current DrawdownCurrent decline from peak | -30.95% | -75.24% | +44.29% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -54.38% | +21.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.39% | 6.43% | +2.96% |
Volatility
ISVBF vs. YXI - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 7.55% compared to ProShares Short FTSE China 50 (YXI) at 6.92%. This indicates that ISVBF'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.
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Volatility by Period
| ISVBF | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | 6.92% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 26.94% | 15.69% | +11.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.86% | 20.17% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 31.49% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.14% | 27.43% | +2.71% |
ISVBF vs. YXI - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than YXI's 0.95% expense ratio.
Dividends
ISVBF vs. YXI - Dividend Comparison
ISVBF has not paid dividends to shareholders, while YXI's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
YXI ProShares Short FTSE China 50 | 2.35% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
ISVBF and YXI have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (7.55%) compared to YXI (6.92%). In terms of maximum drawdown, ISVBF dropped -53.78% vs YXI's -81.15%.
On 5-year performance, YXI leads with -0.14% vs -6.63% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, YXI has been the lower-risk option at 6.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YXI has performed better with a -0.14% return vs -6.63%. 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 YXI.
YXI has the higher dividend yield at 2.35%, compared with 0.00% for ISVBF.
ISVBF is categorized as China Equities, while YXI is Inverse Equities. ISVBF tracks MSCI China A Inclusion Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.40% for ISVBF and 0.95% for YXI.
YXI currently has the higher Sharpe Ratio (0.89 vs -0.21), 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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