KURE vs. YXI
KURE (KraneShares MSCI All China Health Care Index ETF) and YXI (ProShares Short FTSE China 50) are both China Equities funds - KURE tracks the MSCI China All Shares Health Care 10/40 Index while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 5 years, KURE returned -12.93%/yr vs -2.98%/yr for YXI. At a correlation of -0.62, they often move in opposite directions. KURE charges 0.65%/yr vs 0.95%/yr for YXI.
Performance
KURE vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, KURE achieves a 4.58% return, which is significantly lower than YXI's 10.86% return.
KURE
- 1D
- -0.49%
- 1M
- 19.80%
- 6M
- -6.46%
- YTD
- 4.58%
- 1Y
- 2.10%
- 3Y*
- 1.22%
- 5Y*
- -12.93%
- 10Y*
- —
YXI
- 1D
- -1.28%
- 1M
- 0.04%
- 6M
- 15.92%
- YTD
- 10.86%
- 1Y
- 8.52%
- 3Y*
- -9.98%
- 5Y*
- -2.98%
- 10Y*
- -7.35%
KURE vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | 4.58% | 24.87% | -17.83% | -17.70% | -25.43% | -16.01% | 68.97% | 34.30% | -30.01% |
YXI ProShares Short FTSE China 50 | 10.86% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 25.11% |
Correlation
The correlation between KURE and YXI is -0.50, 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 | -0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2018 | -0.62 |
The correlation between KURE and YXI shifts across timeframes, from -0.62 (5 years) to -0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KURE vs. YXI — Risk / Return Rank
KURE
YXI
KURE vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index ETF (KURE) 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.
| KURE | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.09 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.75 | -0.68 |
| Martin ratioReturn relative to average drawdown | 0.13 | 1.50 | -1.37 |
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Drawdowns
KURE vs. YXI - Drawdown Comparison
The maximum KURE drawdown since its inception was -68.53%, smaller than the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for KURE and YXI.
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Drawdown Indicators
| KURE | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.53% | -81.15% | +12.62% |
Max Drawdown (1Y)Largest decline over 1 year | -30.88% | -11.39% | -19.49% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -53.12% | +19.07% |
Max Drawdown (5Y)Largest decline over 5 years | -66.18% | -57.65% | -8.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.79% | — |
Current DrawdownCurrent decline from peak | -54.46% | -77.36% | +22.90% |
Average DrawdownAverage peak-to-trough decline | -38.35% | -54.45% | +16.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.66% | 5.69% | +9.97% |
Volatility
KURE vs. YXI - Volatility Comparison
KraneShares MSCI All China Health Care Index ETF (KURE) has a higher volatility of 10.98% compared to ProShares Short FTSE China 50 (YXI) at 7.55%. This indicates that KURE'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
| KURE | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.98% | 7.55% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 20.06% | 15.50% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.98% | 20.63% | +7.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.94% | 31.48% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 27.43% | +5.00% |
KURE vs. YXI - Expense Ratio Comparison
KURE has a 0.65% expense ratio, which is lower than YXI's 0.95% expense ratio.
Dividends
KURE vs. YXI - Dividend Comparison
KURE's dividend yield for the trailing twelve months is around 4.01%, more than YXI's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | 4.01% | 4.19% | 1.29% | 0.65% | 0.05% | 14.12% | 0.00% | 0.25% | 0.21% |
YXI ProShares Short FTSE China 50 | 2.57% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
KURE and YXI have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KURE has higher volatility (10.98%) compared to YXI (7.55%). In terms of maximum drawdown, KURE dropped -68.53% vs YXI's -81.15%.
On 5-year performance, YXI leads with -2.98% vs -12.93% for KURE. On fees, KURE is cheaper at 0.65% per year. On volatility, YXI has been the lower-risk option at 7.55%. 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 -2.98% return vs -12.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KURE is cheaper with a 0.65% expense ratio, compared with 0.95% for YXI.
KURE has the higher dividend yield at 4.01%, compared with 2.57% for YXI.
KURE tracks MSCI China All Shares Health Care 10/40 Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: CICC and ProShares. Their fees differ too: 0.65% for KURE and 0.95% for YXI.
YXI currently has the higher Sharpe Ratio (0.41 vs 0.08), 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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