YXI vs. BMNZ

Last updated Jun 26, 2026

YXI (ProShares Short FTSE China 50) and BMNZ (Defiance Daily Target 2X Short BMNR ETF) are both Inverse Equities funds - YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%) while BMNZ tracks the BitMine Immersion Technologies, Inc.. Both are passively managed. At a 0.36 correlation, their price movements are largely independent. YXI charges 0.95%/yr vs 1.31%/yr for BMNZ.

Performance

YXI vs. BMNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short FTSE China 50 (YXI) and Defiance Daily Target 2X Short BMNR ETF (BMNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YXI achieves a 21.26% return, which is significantly lower than BMNZ's 29.97% return.

YXI

• 1D: 2.00%
• 1M: 12.62%
• YTD: 21.26%
• 6M: 21.92%
• 1Y: 17.82%
• 3Y*: -8.51%
• 5Y*: -0.14%
• 10Y*: -7.45%

BMNZ

• 1D: 9.79%
• 1M: 76.32%
• YTD: 29.97%
• 6M: 50.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YXI vs. BMNZ - Yearly Performance Comparison

	2026 (YTD)	2025
YXI ProShares Short FTSE China 50	21.26%	6.14%
BMNZ Defiance Daily Target 2X Short BMNR ETF	29.97%	15.30%

Correlation

The correlation between YXI and BMNZ is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.36

Return for Risk

YXI vs. BMNZ — Risk / Return Rank

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

YXI

YXI Risk / Return Rank: 26
YXI Sharpe Ratio Rank: 27
YXI Sortino Ratio Rank: 26
YXI Omega Ratio Rank: 25
YXI Calmar Ratio Rank: 31
YXI Martin Ratio Rank: 23

BMNZ

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

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.

YXI vs. BMNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and Defiance Daily Target 2X Short BMNR ETF (BMNZ). 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.

	YXI	BMNZ	Difference
Sharpe ratio: Return per unit of total volatility	0.89	—	—
Sortino ratio: Return per unit of downside risk	1.36	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.43	—	—
Martin ratio: Return relative to average drawdown	2.78	—	—

Drawdowns

YXI vs. BMNZ - Drawdown Comparison

The maximum YXI drawdown since its inception was -81.15%, which is greater than BMNZ's maximum drawdown of -70.80%. Use the drawdown chart below to compare losses from any high point for YXI and BMNZ.

Drawdown Indicators

	YXI	BMNZ	Difference
Max Drawdown Largest peak-to-trough decline	-81.15%	-70.80%	-10.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-53.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-57.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.07%	—	—
Current Drawdown Current decline from peak	-75.24%	-27.23%	-48.01%
Average Drawdown Average peak-to-trough decline	-54.38%	-50.65%	-3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	—	—

Volatility

Volatility by Period

	YXI	BMNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.17%	187.04%	-166.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.49%	187.04%	-155.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.43%	187.04%	-159.61%

YXI vs. BMNZ - Expense Ratio Comparison

YXI has a 0.95% expense ratio, which is lower than BMNZ's 1.31% expense ratio.

Dividends

YXI vs. BMNZ - Dividend Comparison

YXI's dividend yield for the trailing twelve months is around 2.35%, while BMNZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BMNZ Defiance Daily Target 2X Short BMNR ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YXI ProShares Short FTSE China 50	2.35%	3.60%	4.35%	2.66%	0.27%	0.00%	0.08%	1.01%	0.25%

Frequently Asked Questions

Can I hold both YXI and BMNZ in my portfolio?

YXI and BMNZ have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YXI or BMNZ?

On fees, YXI is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YXI or BMNZ?

YXI is cheaper with a 0.95% expense ratio, compared with 1.31% for BMNZ.

Which ETF pays a higher dividend yield, YXI or BMNZ?

YXI has the higher dividend yield at 2.35%, compared with 0.00% for BMNZ.

What is the main difference between YXI and BMNZ?

YXI tracks FTSE China 50 Net Tax USD (TR) (-100%), while BMNZ tracks BitMine Immersion Technologies, Inc.. They also come from different issuers: ProShares and Defiance. Their fees differ too: 0.95% for YXI and 1.31% for BMNZ.