YXI vs. CGRO
YXI (ProShares Short FTSE China 50) and CGRO (CoreValues Alpha Greater China Growth ETF) are both exchange-traded funds - YXI is a Inverse Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%), while CGRO is a China Equities fund actively managed by CoreValues Alpha. YXI is passively managed, while CGRO is actively managed. Over the past year, YXI returned 1.04% vs -12.15% for CGRO. At a correlation of -0.87, they often move in opposite directions. YXI charges 0.95%/yr vs 0.75%/yr for CGRO.
Performance
YXI vs. CGRO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YXI achieves a 7.60% return, which is significantly higher than CGRO's -15.64% return.
YXI
- 1D
- -0.56%
- 1M
- 2.15%
- YTD
- 7.60%
- 6M
- 9.50%
- 1Y
- 1.04%
- 3Y*
- -11.86%
- 5Y*
- -2.76%
- 10Y*
- -8.18%
CGRO
- 1D
- -0.69%
- 1M
- -6.61%
- YTD
- -15.64%
- 6M
- -16.66%
- 1Y
- -12.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YXI vs. CGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
YXI ProShares Short FTSE China 50 | 7.60% | -22.87% | -25.36% | 7.24% |
CGRO CoreValues Alpha Greater China Growth ETF | -15.64% | 20.23% | 14.75% | 2.03% |
Correlation
The correlation between YXI and CGRO is -0.82, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2023 | -0.87 |
The correlation between YXI and CGRO has been stable across timeframes, ranging from -0.87 to -0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
YXI vs. CGRO — Risk / Return Rank
YXI
CGRO
YXI vs. CGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and CoreValues Alpha Greater China Growth ETF (CGRO). 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.
| YXI | CGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.93 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.44 | +0.51 |
| Martin ratioReturn relative to average drawdown | 0.13 | -0.83 | +0.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| YXI | CGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | -0.55 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.23 | -0.54 |
Drawdowns
YXI vs. CGRO - Drawdown Comparison
The maximum YXI drawdown since its inception was -81.15%, which is greater than CGRO's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for YXI and CGRO.
Loading charts...
Drawdown Indicators
| YXI | CGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -27.90% | -53.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.21% | -27.90% | +13.69% |
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 | -64.92% | — | — |
Current DrawdownCurrent decline from peak | -78.03% | -27.90% | -50.13% |
Average DrawdownAverage peak-to-trough decline | -54.31% | -10.25% | -44.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 14.67% | -6.88% |
Volatility
YXI vs. CGRO - Volatility Comparison
The current volatility for ProShares Short FTSE China 50 (YXI) is 7.25%, while CoreValues Alpha Greater China Growth ETF (CGRO) has a volatility of 7.68%. This indicates that YXI experiences smaller price fluctuations and is considered to be less risky than CGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| YXI | CGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | 7.68% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 15.54% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.93% | 22.47% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.39% | 28.97% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.42% | 28.97% | -1.55% |
YXI vs. CGRO - Expense Ratio Comparison
YXI has a 0.95% expense ratio, which is higher than CGRO's 0.75% expense ratio.
Dividends
YXI vs. CGRO - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 2.85%, less than CGRO's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CGRO CoreValues Alpha Greater China Growth ETF | 3.32% | 2.48% | 2.47% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YXI ProShares Short FTSE China 50 | 2.85% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
YXI and CGRO have a correlation of -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGRO has higher volatility (7.68%) compared to YXI (7.25%). In terms of maximum drawdown, YXI dropped -81.15% vs CGRO's -27.90%.
On 1-year performance, YXI leads with 1.04% vs -12.15% for CGRO. On fees, CGRO is cheaper at 0.75% per year. On volatility, YXI has been the lower-risk option at 7.25%. 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 1.04% return vs -12.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGRO is cheaper with a 0.75% expense ratio, compared with 0.95% for YXI.
CGRO has the higher dividend yield at 3.32%, compared with 2.85% for YXI.
YXI is categorized as Inverse Equities, while CGRO is China Equities. They also come from different issuers: ProShares and CoreValues Alpha. Their fees differ too: 0.95% for YXI and 0.75% for CGRO.
YXI currently has the higher Sharpe Ratio (0.05 vs -0.55), 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.
Find the right allocation for YXI and CGRO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer