YXI vs. CNYA
Compare and contrast key facts about ProShares Short FTSE China 50 (YXI) and iShares MSCI China A ETF (CNYA).
YXI and CNYA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YXI is a passively managed fund by ProShares that tracks the performance of the FTSE China 50 Net Tax USD (TR) (-100%). It was launched on Mar 16, 2010. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. Both YXI and CNYA 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: YXI or CNYA.
Key characteristics
| YXI | CNYA | |
|---|---|---|
| YTD Return | -27.40% | 18.32% |
| 1Y Return | -24.13% | 16.62% |
| 3Y Return (Ann) | -1.85% | -8.81% |
| 5Y Return (Ann) | -5.93% | 3.25% |
| Sharpe Ratio | -0.75 | 0.51 |
| Sortino Ratio | -0.93 | 0.95 |
| Omega Ratio | 0.88 | 1.15 |
| Calmar Ratio | -0.31 | 0.33 |
| Martin Ratio | -1.23 | 1.78 |
| Ulcer Index | 19.54% | 9.13% |
| Daily Std Dev | 31.96% | 31.72% |
| Max Drawdown | -77.78% | -49.49% |
| Current Drawdown | -74.25% | -33.11% |
Correlation
The correlation between YXI and CNYA is -0.70. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
YXI vs. CNYA - Performance Comparison
In the year-to-date period, YXI achieves a -27.40% return, which is significantly lower than CNYA's 18.32% 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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YXI vs. CNYA - Expense Ratio Comparison
YXI has a 0.95% expense ratio, which is higher than CNYA's 0.60% expense ratio.
Risk-Adjusted Performance
YXI vs. CNYA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and iShares MSCI China A ETF (CNYA). 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
YXI vs. CNYA - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 3.96%, more than CNYA's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
YXI ProShares Short FTSE China 50 | 3.96% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% | 0.00% | 0.00% |
CNYA iShares MSCI China A ETF | 3.64% | 4.23% | 2.69% | 1.11% | 1.05% | 1.21% | 3.92% | 0.98% | 1.38% |
Drawdowns
YXI vs. CNYA - Drawdown Comparison
The maximum YXI drawdown since its inception was -77.78%, which is greater than CNYA's maximum drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for YXI and CNYA. For additional features, visit the drawdowns tool.
Volatility
YXI vs. CNYA - Volatility Comparison
ProShares Short FTSE China 50 (YXI) and iShares MSCI China A ETF (CNYA) have volatilities of 12.04% and 12.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.