QQDN vs. YXI

Last updated Jul 12, 2026

QQDN (ProShares UltraShort QQQ Mega) and YXI (ProShares Short FTSE China 50) are both exchange-traded funds - QQDN is a Inverse Equities fund tracking the Nasdaq-100 Mega Index, while YXI is a China Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past year, QQDN returned -34.59% vs 8.97% for YXI. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

QQDN vs. YXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ Mega (QQDN) and ProShares Short FTSE China 50 (YXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQDN achieves a -11.94% return, which is significantly lower than YXI's 14.35% return.

QQDN

• 1D: -1.18%
• 1M: -4.79%
• 6M: -11.62%
• YTD: -11.94%
• 1Y: -34.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YXI

• 1D: -1.09%
• 1M: 4.43%
• 6M: 17.41%
• YTD: 14.35%
• 1Y: 8.97%
• 3Y*: -9.94%
• 5Y*: -2.51%
• 10Y*: -7.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQDN vs. YXI - Yearly Performance Comparison

	2026 (YTD)	2025
QQDN ProShares UltraShort QQQ Mega	-11.94%	-34.51%
YXI ProShares Short FTSE China 50	14.35%	-3.49%

Correlation

The correlation between QQDN and YXI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.39

Return for Risk

QQDN vs. YXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQDN

QQDN Risk / Return Rank: 2
QQDN Sharpe Ratio Rank: 2
QQDN Sortino Ratio Rank: 3
QQDN Omega Ratio Rank: 3
QQDN Calmar Ratio Rank: 2
QQDN Martin Ratio Rank: 1

YXI

YXI Risk / Return Rank: 18
YXI Sharpe Ratio Rank: 18
YXI Sortino Ratio Rank: 17
YXI Omega Ratio Rank: 17
YXI Calmar Ratio Rank: 21
YXI Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQDN vs. YXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) 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.

	QQDN	YXI	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	0.45	-1.32
Sortino ratio: Return per unit of downside risk	-1.22	0.77	-1.99
Omega ratio: Gain probability vs. loss probability	0.87	1.09	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.80	0.77	-1.57
Martin ratio: Return relative to average drawdown	-1.40	1.50	-2.90

QQDN vs. YXI - Sharpe Ratio Comparison

The current QQDN Sharpe Ratio is -0.87, which is lower than the YXI Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of QQDN and YXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQDN vs. YXI - Drawdown Comparison

The maximum QQDN drawdown since its inception was -50.19%, smaller than the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for QQDN and YXI.

Drawdown Indicators

	QQDN	YXI	Difference
Max Drawdown Largest peak-to-trough decline	-50.19%	-81.15%	+30.96%
Max Drawdown (1Y) Largest decline over 1 year	-43.68%	-12.04%	-31.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-53.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-57.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.79%	—
Current Drawdown Current decline from peak	-43.46%	-76.65%	+33.19%
Average Drawdown Average peak-to-trough decline	-31.01%	-54.43%	+23.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.15%	6.14%	+19.01%

Volatility

QQDN vs. YXI - Volatility Comparison

ProShares UltraShort QQQ Mega (QQDN) has a higher volatility of 14.19% compared to ProShares Short FTSE China 50 (YXI) at 7.42%. This indicates that QQDN'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.

Volatility by Period

	QQDN	YXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.19%	7.42%	+6.77%
Volatility (6M) Calculated over the trailing 6-month period	31.46%	15.74%	+15.72%
Volatility (1Y) Calculated over the trailing 1-year period	40.32%	20.61%	+19.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.82%	31.46%	+8.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.82%	27.44%	+12.38%

QQDN vs. YXI - Expense Ratio Comparison

Both QQDN and YXI have an expense ratio of 0.95%.

Dividends

QQDN vs. YXI - Dividend Comparison

QQDN's dividend yield for the trailing twelve months is around 5.59%, more than YXI's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QQDN ProShares UltraShort QQQ Mega	5.59%	3.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YXI ProShares Short FTSE China 50	2.49%	3.60%	4.35%	2.66%	0.27%	0.00%	0.08%	1.01%	0.25%

Frequently Asked Questions

Can I hold both QQDN and YXI in my portfolio?

QQDN and YXI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQDN or YXI?

QQDN has higher volatility (14.19%) compared to YXI (7.42%). In terms of maximum drawdown, QQDN dropped -50.19% vs YXI's -81.15%.

Which ETF is better, QQDN or YXI?

On 1-year performance, YXI leads with 8.97% vs -34.59% for QQDN. Both ETFs have the same 0.95% expense ratio. On volatility, YXI has been the lower-risk option at 7.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQDN or YXI?

Over the 1-year period, YXI has performed better with a 8.97% return vs -34.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQDN or YXI?

QQDN and YXI have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, QQDN or YXI?

QQDN has the higher dividend yield at 5.59%, compared with 2.49% for YXI.

What is the main difference between QQDN and YXI?

QQDN is categorized as Inverse Equities, while YXI is China Equities. QQDN tracks Nasdaq-100 Mega Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%).

Which has better risk-adjusted returns?

YXI currently has the higher Sharpe Ratio (0.45 vs -0.87), 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.