XPP vs. BRKW

Last updated Jun 26, 2026

XPP (ProShares Ultra FTSE China 50) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - XPP is a Leveraged Equities fund tracking the FTSE/Xinhua China 25 Index (200%), while BRKW is a Derivative Income fund actively managed by Roundhill. XPP is passively managed, while BRKW is actively managed. Over the past year, XPP returned -31.54% vs -3.41% for BRKW. At a 0.01 correlation, their price movements are largely independent. XPP charges 0.95%/yr vs 0.99%/yr for BRKW.

Performance

XPP vs. BRKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra FTSE China 50 (XPP) and Roundhill BRKB WeeklyPay ETF (BRKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XPP achieves a -34.24% return, which is significantly lower than BRKW's -5.09% return.

XPP

• 1D: -4.68%
• 1M: -21.13%
• YTD: -34.24%
• 6M: -35.23%
• 1Y: -31.54%
• 3Y*: 0.47%
• 5Y*: -23.89%
• 10Y*: -6.70%

BRKW

• 1D: -1.72%
• 1M: 0.55%
• YTD: -5.09%
• 6M: -4.87%
• 1Y: -3.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XPP vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
XPP ProShares Ultra FTSE China 50	-34.24%	8.19%
BRKW Roundhill BRKB WeeklyPay ETF	-5.09%	1.85%

Correlation

The correlation between XPP and BRKW is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.01

XPP vs. BRKW - Sectors Allocation Comparison

Sectors	XPP	BRKW
Financial Services	48.1%	7.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

XPP vs. BRKW — Risk / Return Rank

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

XPP

XPP Risk / Return Rank: 3
XPP Sharpe Ratio Rank: 3
XPP Sortino Ratio Rank: 3
XPP Omega Ratio Rank: 3
XPP Calmar Ratio Rank: 4
XPP Martin Ratio Rank: 0

BRKW

BRKW Risk / Return Rank: 7
BRKW Sharpe Ratio Rank: 7
BRKW Sortino Ratio Rank: 7
BRKW Omega Ratio Rank: 7
BRKW Calmar Ratio Rank: 7
BRKW Martin Ratio Rank: 7

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.

XPP vs. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra FTSE China 50 (XPP) and Roundhill BRKB WeeklyPay ETF (BRKW). 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.

	XPP	BRKW	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	-0.20	-0.60
Sortino ratio: Return per unit of downside risk	-1.05	-0.16	-0.89
Omega ratio: Gain probability vs. loss probability	0.88	0.98	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.71	-0.27	-0.44
Martin ratio: Return relative to average drawdown	-1.73	-0.54	-1.19

XPP vs. BRKW - Sharpe Ratio Comparison

The current XPP Sharpe Ratio is -0.80, which is lower than the BRKW Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of XPP and BRKW, 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

XPP vs. BRKW - Drawdown Comparison

The maximum XPP drawdown since its inception was -89.90%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for XPP and BRKW.

Drawdown Indicators

	XPP	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-89.90%	-12.64%	-77.26%
Max Drawdown (1Y) Largest decline over 1 year	-44.65%	-12.64%	-32.01%
Max Drawdown (3Y) Largest decline over 3 years	-52.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-85.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-89.90%	—	—
Current Drawdown Current decline from peak	-82.59%	-8.12%	-74.47%
Average Drawdown Average peak-to-trough decline	-47.92%	-5.47%	-42.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.20%	6.27%	+11.93%

Volatility

XPP vs. BRKW - Volatility Comparison

ProShares Ultra FTSE China 50 (XPP) has a higher volatility of 13.07% compared to Roundhill BRKB WeeklyPay ETF (BRKW) at 4.69%. This indicates that XPP's price experiences larger fluctuations and is considered to be riskier than BRKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XPP	BRKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.07%	4.69%	+8.38%
Volatility (6M) Calculated over the trailing 6-month period	29.87%	12.75%	+17.12%
Volatility (1Y) Calculated over the trailing 1-year period	39.37%	17.21%	+22.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.86%	17.16%	+45.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.80%	17.16%	+37.64%

XPP vs. BRKW - Expense Ratio Comparison

XPP has a 0.95% expense ratio, which is lower than BRKW's 0.99% expense ratio.

Dividends

XPP vs. BRKW - Dividend Comparison

XPP's dividend yield for the trailing twelve months is around 3.18%, less than BRKW's 25.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BRKW Roundhill BRKB WeeklyPay ETF	25.75%	14.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XPP ProShares Ultra FTSE China 50	3.18%	2.32%	2.96%	2.87%	0.00%	0.00%	0.00%	3.81%	1.47%

Frequently Asked Questions

Can I hold both XPP and BRKW in my portfolio?

XPP and BRKW have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XPP or BRKW?

XPP has higher volatility (13.07%) compared to BRKW (4.69%). In terms of maximum drawdown, XPP dropped -89.90% vs BRKW's -12.64%.

Which ETF is better, XPP or BRKW?

On 1-year performance, BRKW leads with -3.41% vs -31.54% for XPP. On fees, XPP is cheaper at 0.95% per year. On volatility, BRKW has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XPP or BRKW?

Over the 1-year period, BRKW has performed better with a -3.41% return vs -31.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XPP or BRKW?

XPP is cheaper with a 0.95% expense ratio, compared with 0.99% for BRKW.

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

BRKW has the higher dividend yield at 25.75%, compared with 3.18% for XPP.

What is the main difference between XPP and BRKW?

XPP is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.95% for XPP and 0.99% for BRKW.

Which has better risk-adjusted returns?

BRKW currently has the higher Sharpe Ratio (-0.20 vs -0.80), 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.