XPP vs. JCHI
Compare and contrast key facts about ProShares Ultra FTSE China 50 (XPP) and JPMorgan Active China ETF (JCHI).
XPP and JCHI 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. JCHI is an actively managed fund by JPMorgan. It was launched on Mar 15, 2023.
Performance
XPP vs. JCHI - Performance Comparison
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XPP vs. JCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XPP ProShares Ultra FTSE China 50 | -16.13% | 45.84% | 38.18% | -29.27% |
JCHI JPMorgan Active China ETF | -4.46% | 27.66% | 13.77% | -17.06% |
Returns By Period
In the year-to-date period, XPP achieves a -16.13% return, which is significantly lower than JCHI's -4.46% return.
XPP
- 1D
- -1.79%
- 1M
- -8.28%
- YTD
- -16.13%
- 6M
- -28.23%
- 1Y
- -7.96%
- 3Y*
- 1.80%
- 5Y*
- -20.38%
- 10Y*
- -5.13%
JCHI
- 1D
- 0.61%
- 1M
- -4.41%
- YTD
- -4.46%
- 6M
- -11.12%
- 1Y
- 9.44%
- 3Y*
- 3.21%
- 5Y*
- —
- 10Y*
- —
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XPP vs. JCHI - Expense Ratio Comparison
XPP has a 0.95% expense ratio, which is higher than JCHI's 0.65% expense ratio.
Return for Risk
XPP vs. JCHI — Risk / Return Rank
XPP
JCHI
XPP vs. JCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra FTSE China 50 (XPP) and JPMorgan Active China ETF (JCHI). 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.
| XPP | JCHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.17 | 0.46 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.09 | 0.74 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.10 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.57 | -0.83 |
Martin ratioReturn relative to average drawdown | -0.66 | 1.66 | -2.32 |
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
| XPP | JCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 0.46 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.19 | -0.28 |
Correlation
The correlation between XPP and JCHI is 0.94, 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.
Dividends
XPP vs. JCHI - Dividend Comparison
XPP's dividend yield for the trailing twelve months is around 2.59%, more than JCHI's 1.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XPP ProShares Ultra FTSE China 50 | 2.59% | 2.32% | 2.96% | 2.87% | 0.00% | 0.00% | 0.00% | 3.81% | 1.47% |
JCHI JPMorgan Active China ETF | 1.89% | 1.81% | 2.12% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XPP vs. JCHI - Drawdown Comparison
The maximum XPP drawdown since its inception was -89.90%, which is greater than JCHI's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for XPP and JCHI.
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Drawdown Indicators
| XPP | JCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.90% | -29.57% | -60.33% |
Max Drawdown (1Y)Largest decline over 1 year | -32.09% | -15.93% | -16.16% |
Max Drawdown (5Y)Largest decline over 5 years | -85.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -89.90% | — | — |
Current DrawdownCurrent decline from peak | -77.80% | -11.98% | -65.82% |
Average DrawdownAverage peak-to-trough decline | -47.52% | -13.67% | -33.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.74% | 5.64% | +7.10% |
Volatility
XPP vs. JCHI - Volatility Comparison
ProShares Ultra FTSE China 50 (XPP) has a higher volatility of 13.51% compared to JPMorgan Active China ETF (JCHI) at 5.77%. This indicates that XPP's price experiences larger fluctuations and is considered to be riskier than JCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPP | JCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.51% | 5.77% | +7.74% |
Volatility (6M)Calculated over the trailing 6-month period | 29.10% | 12.55% | +16.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.46% | 20.80% | +26.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.66% | 25.16% | +37.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.97% | 25.16% | +29.81% |