XPEG vs. XPP

Last updated Jul 17, 2026

XPEG (Leverage Shares 2X Long XPEV Daily ETF) and XPP (ProShares Ultra FTSE China 50) are both exchange-traded funds - XPEG is a Leveraged Equities fund tracking the XPeng Inc. (XPEV), while XPP is a China Equities fund tracking the FTSE/Xinhua China 25 Index (200%). Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. XPEG charges 0.75%/yr vs 0.95%/yr for XPP.

Performance

XPEG vs. XPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long XPEV Daily ETF (XPEG) and ProShares Ultra FTSE China 50 (XPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XPEG

• 1D: 4.30%
• 1M: -0.51%
• 6M: -62.70%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XPP

• 1D: 1.22%
• 1M: -1.10%
• 6M: -28.31%
• YTD: -22.17%
• 1Y: -20.38%
• 3Y*: 3.69%
• 5Y*: -19.36%
• 10Y*: -6.96%

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

XPEG vs. XPP - Yearly Performance Comparison

	2026 (YTD)
XPEG Leverage Shares 2X Long XPEV Daily ETF	-63.76%
XPP ProShares Ultra FTSE China 50	-28.30%

Correlation

The correlation between XPEG and XPP is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 15, 2026	0.56

Return for Risk

XPEG vs. XPP — Risk / Return Rank

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

XPEG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XPP

XPP Risk / Return Rank: 5
XPP Sharpe Ratio Rank: 5
XPP Sortino Ratio Rank: 5
XPP Omega Ratio Rank: 5
XPP Calmar Ratio Rank: 5
XPP Martin Ratio Rank: 5

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.

XPEG vs. XPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long XPEV Daily ETF (XPEG) and ProShares Ultra FTSE China 50 (XPP). 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.

	XPEG	XPP	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.51	—
Sortino ratio: Return per unit of downside risk	—	-0.52	—
Omega ratio: Gain probability vs. loss probability	—	0.94	—
Calmar ratio: Return relative to maximum drawdown	—	-0.46	—
Martin ratio: Return relative to average drawdown	—	-0.99	—

Drawdowns

XPEG vs. XPP - Drawdown Comparison

The maximum XPEG drawdown since its inception was -72.82%, smaller than the maximum XPP drawdown of -89.90%. Use the drawdown chart below to compare losses from any high point for XPEG and XPP.

Drawdown Indicators

	XPEG	XPP	Difference
Max Drawdown Largest peak-to-trough decline	-72.82%	-89.90%	+17.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-52.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-83.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.90%	—
Current Drawdown Current decline from peak	-63.76%	-79.40%	+15.64%
Average Drawdown Average peak-to-trough decline	-42.78%	-48.03%	+5.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.55%	—

Volatility

Volatility by Period

	XPEG	XPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	98.05%	39.79%	+58.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.05%	62.77%	+35.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.05%	54.76%	+43.29%

XPEG vs. XPP - Expense Ratio Comparison

XPEG has a 0.75% expense ratio, which is lower than XPP's 0.95% expense ratio.

Dividends

XPEG vs. XPP - Dividend Comparison

XPEG has not paid dividends to shareholders, while XPP's dividend yield for the trailing twelve months is around 2.69%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
XPEG Leverage Shares 2X Long XPEV Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XPP ProShares Ultra FTSE China 50	2.69%	2.32%	2.96%	2.87%	0.00%	0.00%	0.00%	3.81%	1.47%

Frequently Asked Questions

Can I hold both XPEG and XPP in my portfolio?

XPEG and XPP have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XPEG or XPP?

On fees, XPEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XPEG or XPP?

XPEG is cheaper with a 0.75% expense ratio, compared with 0.95% for XPP.

Which ETF pays a higher dividend yield, XPEG or XPP?

XPP has the higher dividend yield at 2.69%, compared with 0.00% for XPEG.

What is the main difference between XPEG and XPP?

XPEG is categorized as Leveraged Equities, while XPP is China Equities. XPEG tracks XPeng Inc. (XPEV), while XPP tracks FTSE/Xinhua China 25 Index (200%). They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for XPEG and 0.95% for XPP.