KWEB vs. YXI
Compare and contrast key facts about KraneShares CSI China Internet ETF (KWEB) and ProShares Short FTSE China 50 (YXI).
KWEB and YXI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. 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 KWEB 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.
Performance
KWEB vs. YXI - Performance Comparison
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KWEB vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | -16.89% | 23.55% | 12.01% | -9.06% | -17.24% | -49.01% | 58.23% | 29.92% | -33.80% | 69.73% |
YXI ProShares Short FTSE China 50 | 7.67% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
Returns By Period
In the year-to-date period, KWEB achieves a -16.89% return, which is significantly lower than YXI's 7.67% return.
KWEB
- 1D
- -0.46%
- 1M
- -7.67%
- YTD
- -16.89%
- 6M
- -29.25%
- 1Y
- -14.27%
- 3Y*
- 0.43%
- 5Y*
- -15.48%
- 10Y*
- -0.00%
YXI
- 1D
- 1.14%
- 1M
- 3.75%
- YTD
- 7.67%
- 6M
- 15.61%
- 1Y
- -2.11%
- 3Y*
- -9.66%
- 5Y*
- -2.70%
- 10Y*
- -8.46%
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KWEB vs. YXI - Expense Ratio Comparison
KWEB has a 0.76% expense ratio, which is lower than YXI's 0.95% expense ratio.
Return for Risk
KWEB vs. YXI — Risk / Return Rank
KWEB
YXI
KWEB vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) 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.
| KWEB | YXI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.48 | -0.09 | -0.40 |
Sortino ratioReturn per unit of downside risk | -0.52 | 0.04 | -0.56 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.01 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.45 | -0.06 | -0.39 |
Martin ratioReturn relative to average drawdown | -1.15 | -0.08 | -1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KWEB | YXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | -0.09 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | -0.09 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | -0.31 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.31 | +0.38 |
Correlation
The correlation between KWEB and YXI is -0.78. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
KWEB vs. YXI - Dividend Comparison
KWEB's dividend yield for the trailing twelve months is around 7.41%, more than YXI's 2.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | 7.41% | 6.16% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% |
YXI ProShares Short FTSE China 50 | 2.85% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% | 0.00% | 0.00% | 0.00% |
Drawdowns
KWEB vs. YXI - Drawdown Comparison
The maximum KWEB drawdown since its inception was -80.92%, roughly equal to the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for KWEB and YXI.
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Drawdown Indicators
| KWEB | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.92% | -81.15% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -31.36% | -29.83% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -75.23% | -57.65% | -17.58% |
Max Drawdown (10Y)Largest decline over 10 years | -80.92% | -66.81% | -14.11% |
Current DrawdownCurrent decline from peak | -67.27% | -78.02% | +10.75% |
Average DrawdownAverage peak-to-trough decline | -34.81% | -54.05% | +19.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 22.96% | -10.76% |
Volatility
KWEB vs. YXI - Volatility Comparison
KraneShares CSI China Internet ETF (KWEB) has a higher volatility of 8.58% compared to ProShares Short FTSE China 50 (YXI) at 7.48%. This indicates that KWEB'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
| KWEB | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 7.48% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.06% | 14.80% | +4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.53% | 23.78% | +5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.62% | 31.35% | +16.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.87% | 27.46% | +12.41% |