XPP vs. EET
Compare and contrast key facts about ProShares Ultra FTSE China 50 (XPP) and ProShares Ultra MSCI Emerging Markets (EET).
XPP and EET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XPP is a passively managed fund by ProShares that tracks the performance of the FTSE/Xinhua China 25 Index (200%). It was launched on Jun 2, 2009. EET is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (200%). It was launched on Jun 2, 2009. Both XPP and EET are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XPP or EET.
Key characteristics
| XPP | EET | |
|---|---|---|
| YTD Return | 35.33% | 7.12% |
| 1Y Return | 13.73% | 14.92% |
| 3Y Return (Ann) | -29.69% | -16.15% |
| 5Y Return (Ann) | -20.08% | -4.89% |
| 10Y Return (Ann) | -10.95% | -2.56% |
| Sharpe Ratio | 0.28 | 0.66 |
| Sortino Ratio | 0.89 | 1.10 |
| Omega Ratio | 1.11 | 1.14 |
| Calmar Ratio | 0.20 | 0.34 |
| Martin Ratio | 0.80 | 3.18 |
| Ulcer Index | 22.85% | 6.59% |
| Daily Std Dev | 65.99% | 31.85% |
| Max Drawdown | -89.90% | -71.66% |
| Current Drawdown | -82.23% | -53.50% |
Correlation
The correlation between XPP and EET is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XPP vs. EET - Performance Comparison
In the year-to-date period, XPP achieves a 35.33% return, which is significantly higher than EET's 7.12% return. Over the past 10 years, XPP has underperformed EET with an annualized return of -10.95%, while EET has yielded a comparatively higher -2.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XPP vs. EET - Expense Ratio Comparison
Both XPP and EET have an expense ratio of 0.95%.
Risk-Adjusted Performance
XPP vs. EET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra FTSE China 50 (XPP) and ProShares Ultra MSCI Emerging Markets (EET). 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.
Dividends
XPP vs. EET - Dividend Comparison
XPP's dividend yield for the trailing twelve months is around 2.30%, less than EET's 3.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
XPP ProShares Ultra FTSE China 50 | 2.30% | 2.87% | 0.00% | 0.00% | 0.00% | 3.81% | 1.47% |
EET ProShares Ultra MSCI Emerging Markets | 3.01% | 2.14% | 0.00% | 0.00% | 0.01% | 1.40% | 0.16% |
Drawdowns
XPP vs. EET - Drawdown Comparison
The maximum XPP drawdown since its inception was -89.90%, which is greater than EET's maximum drawdown of -71.66%. Use the drawdown chart below to compare losses from any high point for XPP and EET. For additional features, visit the drawdowns tool.
Volatility
XPP vs. EET - Volatility Comparison
ProShares Ultra FTSE China 50 (XPP) has a higher volatility of 23.39% compared to ProShares Ultra MSCI Emerging Markets (EET) at 10.14%. This indicates that XPP's price experiences larger fluctuations and is considered to be riskier than EET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.