YXI vs. BRKD
YXI (ProShares Short FTSE China 50) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both exchange-traded funds - YXI is a China Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%), while BRKD is a Inverse Equities fund tracking the Berkshire Hathaway Inc. Class B (-100%). Both are passively managed. Over the past year, YXI returned 4.09% vs -1.36% for BRKD. Their 0.10 correlation means their historical movements had little consistent relationship. YXI charges 0.95%/yr vs 1.00%/yr for BRKD.
Performance
YXI vs. BRKD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with YXI having a 5.63% return and BRKD slightly higher at 5.90%.
YXI
- 1D
- 0.58%
- 1M
- -12.38%
- 6M
- 6.78%
- YTD
- 5.63%
- 1Y
- 4.09%
- 3Y*
- -10.31%
- 5Y*
- -5.27%
- 10Y*
- -7.71%
- ALL TIME*
- -8.22%
BRKD
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 3.48%
- YTD
- 5.90%
- 1Y
- -1.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $23.14K | $29.95K | $34.52K |
YXI vs. BRKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YXI ProShares Short FTSE China 50 | 5.63% | -22.87% | 3.33% |
BRKD Direxion Daily BRKB Bear 1X Shares | 5.90% | -6.69% | 2.19% |
Correlation
The correlation between YXI and BRKD is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | 0.10 |
The correlation between YXI and BRKD shifts across timeframes, from -0.03 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YXI vs. BRKD — Risk / Return Rank
YXI
BRKD
YXI vs. BRKD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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 | BRKD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.99 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.15 | +0.46 |
| Martin ratioReturn relative to average drawdown | 0.77 | -0.30 | +1.08 |
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Drawdowns
YXI vs. BRKD - Drawdown Comparison
The maximum YXI drawdown since its inception was -81.15%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for YXI and BRKD.
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Drawdown Indicators
| YXI | BRKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -17.92% | -63.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.55% | -8.85% | -4.70% |
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 | -61.63% | — | — |
Current DrawdownCurrent decline from peak | -78.43% | -3.69% | -74.74% |
Average DrawdownAverage peak-to-trough decline | -54.52% | -7.31% | -47.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 4.84% | +0.48% |
Volatility
YXI vs. BRKD - Volatility Comparison
ProShares Short FTSE China 50 (YXI) has a higher volatility of 6.80% compared to Direxion Daily BRKB Bear 1X Shares (BRKD) at 0.00%. This indicates that YXI's price experiences larger fluctuations and is considered to be riskier than BRKD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YXI | BRKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 0.00% | +6.80% |
Volatility (6M)Calculated over the trailing 6-month period | 15.85% | 7.61% | +8.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 12.23% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.28% | 16.33% | +14.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.48% | 16.33% | +11.15% |
YXI vs. BRKD - Expense Ratio Comparison
YXI has a 0.95% expense ratio, which is lower than BRKD's 1.00% expense ratio.
Dividends
YXI vs. BRKD - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 2.69%, more than BRKD's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 1.91% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YXI ProShares Short FTSE China 50 | 2.69% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
YXI and BRKD have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YXI has higher volatility (6.80%) compared to BRKD (0.00%). In terms of maximum drawdown, YXI dropped -81.15% vs BRKD's -17.92%.
On 1-year performance, YXI leads with 4.09% vs -1.36% for BRKD. On fees, YXI is cheaper at 0.95% per year. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YXI has performed better with a 4.09% return vs -1.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YXI is cheaper with a 0.95% expense ratio, compared with 1.00% for BRKD.
YXI has the higher dividend yield at 2.69%, compared with 1.91% for BRKD.
YXI is categorized as China Equities, while BRKD is Inverse Equities. YXI tracks FTSE China 50 Net Tax USD (TR) (-100%), while BRKD tracks Berkshire Hathaway Inc. Class B (-100%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for YXI and 1.00% for BRKD.
YXI currently has the higher Sharpe Ratio (0.20 vs -0.11), 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.
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