SBB vs. YXI
SBB (ProShares Short SmallCap600) and YXI (ProShares Short FTSE China 50) are both Inverse Equities funds from ProShares - SBB tracks the S&P SmallCap 600 Index (-100%) while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 10 years, SBB returned -11.72%/yr vs -8.18%/yr for YXI. At a 0.44 correlation, their price movements are largely independent. 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 -13.39% return, which is significantly lower than YXI's 7.60% return. Over the past 10 years, SBB has underperformed YXI with an annualized return of -11.72%, while YXI has yielded a comparatively higher -8.18% annualized return.
SBB
- 1D
- -1.22%
- 1M
- -1.20%
- YTD
- -13.39%
- 6M
- -12.19%
- 1Y
- -22.27%
- 3Y*
- -10.56%
- 5Y*
- -4.83%
- 10Y*
- -11.72%
YXI
- 1D
- -0.56%
- 1M
- 2.15%
- YTD
- 7.60%
- 6M
- 9.50%
- 1Y
- 1.04%
- 3Y*
- -11.86%
- 5Y*
- -2.76%
- 10Y*
- -8.18%
SBB vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -13.39% | -3.56% | -3.73% | -10.44% | 13.75% | -25.40% | -26.53% | -18.64% | 8.40% | -12.70% |
YXI ProShares Short FTSE China 50 | 7.60% | -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 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2010 | 0.44 |
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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.
| SBB | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.03 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 0.07 | -1.06 |
| Martin ratioReturn relative to average drawdown | -1.69 | 0.13 | -1.82 |
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
| SBB | YXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.25 | 0.05 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | -0.09 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.51 | -0.30 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | -0.30 | -0.20 |
Drawdowns
SBB vs. YXI - Drawdown Comparison
The maximum SBB drawdown since its inception was -95.75%, 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 | -95.75% | -81.15% | -14.60% |
Max Drawdown (1Y)Largest decline over 1 year | -22.68% | -14.21% | -8.47% |
Max Drawdown (3Y)Largest decline over 3 years | -35.17% | -53.12% | +17.95% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -57.65% | +22.48% |
Max Drawdown (10Y)Largest decline over 10 years | -72.83% | -64.92% | -7.91% |
Current DrawdownCurrent decline from peak | -95.75% | -78.03% | -17.72% |
Average DrawdownAverage peak-to-trough decline | -74.54% | -54.31% | -20.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 7.79% | +5.40% |
Volatility
SBB vs. YXI - Volatility Comparison
The current volatility for ProShares Short SmallCap600 (SBB) is 4.55%, while ProShares Short FTSE China 50 (YXI) has a volatility of 7.25%. 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 | 4.55% | 7.25% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 14.87% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 19.93% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 31.39% | -9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.26% | 27.42% | -4.16% |
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 3.63%, more than YXI's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | 3.63% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
YXI ProShares Short FTSE China 50 | 2.85% | 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 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YXI has higher volatility (7.25%) compared to SBB (4.55%). In terms of maximum drawdown, SBB dropped -95.75% vs YXI's -81.15%.
On 10-year performance, YXI leads with -8.18% vs -11.72% for SBB. Both ETFs have the same 0.95% expense ratio. On volatility, SBB has been the lower-risk option at 4.55%. 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 -8.18% return vs -11.72%. 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 3.63%, compared with 2.85% for YXI.
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 (0.05 vs -1.25), 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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