SBB vs. YXI
SBB (ProShares Short SmallCap600) and YXI (ProShares Short FTSE China 50) are both exchange-traded funds - SBB is a Inverse Equities fund tracking the S&P SmallCap 600 Index (-100%), while YXI is a China Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 10 years, SBB returned -11.90%/yr vs -7.71%/yr for YXI. Their 0.43 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
SBB vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, SBB achieves a -18.99% return, which is significantly lower than YXI's 5.63% return. Over the past 10 years, SBB has underperformed YXI with an annualized return of -11.90%, while YXI has yielded a comparatively higher -7.71% annualized return.
SBB
- 1D
- -1.63%
- 1M
- -2.40%
- 6M
- -13.87%
- YTD
- -18.99%
- 1Y
- -25.10%
- 3Y*
- -10.24%
- 5Y*
- -6.51%
- 10Y*
- -11.90%
- ALL TIME*
- -12.49%
YXI
- 1D
- 0.58%
- 1M
- -12.38%
- 6M
- 6.78%
- YTD
- 5.63%
- 1Y
- 4.09%
- 3Y*
- -10.31%
- 5Y*
- -5.27%
- 10Y*
- -7.71%
- ALL TIME*
- -8.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $22.82K | $20.79K | $47.74K | |
| $23.14K | $29.95K | $34.52K |
SBB vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -18.99% | -3.56% | -3.73% | -10.44% | 13.75% | -25.40% | -26.53% | -18.64% | 8.40% | -12.70% |
YXI ProShares Short FTSE China 50 | 5.63% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
Correlation
The correlation between SBB and YXI is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | 0.44 |
The correlation between SBB and YXI shifts across timeframes, from 0.31 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SBB vs. YXI — Risk / Return Rank
SBB
YXI
SBB vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short SmallCap600 (SBB) 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.
| SBB | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.05 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 0.30 | -1.32 |
| Martin ratioReturn relative to average drawdown | -1.85 | 0.77 | -2.62 |
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Drawdowns
SBB vs. YXI - Drawdown Comparison
The maximum SBB drawdown since its inception was -96.03%, which is greater than YXI's maximum drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for SBB and YXI.
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Drawdown Indicators
| SBB | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.03% | -81.15% | -14.88% |
Max Drawdown (1Y)Largest decline over 1 year | -24.84% | -13.55% | -11.29% |
Max Drawdown (3Y)Largest decline over 3 years | -39.36% | -53.12% | +13.76% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -57.65% | +18.29% |
Max Drawdown (10Y)Largest decline over 10 years | -73.51% | -61.63% | -11.88% |
Current DrawdownCurrent decline from peak | -96.03% | -78.43% | -17.60% |
Average DrawdownAverage peak-to-trough decline | -74.70% | -54.52% | -20.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.87% | 5.32% | +8.55% |
Volatility
SBB vs. YXI - Volatility Comparison
The current volatility for ProShares Short SmallCap600 (SBB) is 4.17%, while ProShares Short FTSE China 50 (YXI) has a volatility of 6.80%. This indicates that SBB experiences smaller price fluctuations and is considered to be less risky 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
| SBB | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 6.80% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 15.85% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 21.09% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.55% | 31.28% | -9.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 27.48% | -4.23% |
SBB vs. YXI - Expense Ratio Comparison
Both SBB and YXI have an expense ratio of 0.95%.
Dividends
SBB vs. YXI - Dividend Comparison
SBB's dividend yield for the trailing twelve months is around 3.84%, more than YXI's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | 3.84% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
YXI ProShares Short FTSE China 50 | 2.69% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
SBB and YXI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YXI has higher volatility (6.80%) compared to SBB (4.17%). In terms of maximum drawdown, SBB dropped -96.03% vs YXI's -81.15%.
On 10-year performance, YXI leads with -7.71% vs -11.90% for SBB. Both ETFs have the same 0.95% expense ratio. On volatility, SBB has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YXI has performed better with a -7.71% return vs -11.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SBB and YXI have the same expense ratio: 0.95% per year.
SBB has the higher dividend yield at 3.84%, compared with 2.69% for YXI.
SBB is categorized as Inverse Equities, while YXI is China Equities. SBB tracks S&P SmallCap 600 Index (-100%), while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%).
YXI currently has the higher Sharpe Ratio (0.20 vs -1.43), 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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