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YXI vs. EWT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

YXI vs. EWT

Last updated Jun 3, 2026

YXI (ProShares Short FTSE China 50) and EWT (iShares MSCI Taiwan ETF) are both exchange-traded funds - YXI is a Inverse Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%), while EWT is a Asia Pacific Equities fund tracking the MSCI Taiwan Index. Both are passively managed. Over the past 10 years, YXI returned -8.43%/yr vs 19.93%/yr for EWT. At a correlation of -0.61, they often move in opposite directions. YXI charges 0.95%/yr vs 0.59%/yr for EWT.

Performance

YXI vs. EWT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short FTSE China 50 (YXI) and iShares MSCI Taiwan ETF (EWT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, YXI achieves a 6.15% return, which is significantly lower than EWT's 68.60% return. Over the past 10 years, YXI has underperformed EWT with an annualized return of -8.43%, while EWT has yielded a comparatively higher 19.93% annualized return.

YXI

1D
-2.58%
1M
1.58%
YTD
6.15%
6M
8.60%
1Y
-3.19%
3Y*
-12.24%
5Y*
-3.21%
10Y*
-8.43%

EWT

1D
0.65%
1M
19.05%
YTD
68.60%
6M
73.34%
1Y
112.02%
3Y*
38.44%
5Y*
18.61%
10Y*
19.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

YXI vs. EWT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
YXI
ProShares Short FTSE China 50		6.15%-22.87%-25.36%12.40%4.78%13.94%-17.95%-14.35%9.63%-28.43%
EWT
iShares MSCI Taiwan ETF		68.60%28.38%16.11%23.97%-28.90%26.18%31.50%33.36%-9.90%26.81%

Correlation

The correlation between YXI and EWT is -0.43, 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

-0.43

Correlation (3Y)
Calculated over the trailing 3-year period

-0.42

Correlation (5Y)
Calculated over the trailing 5-year period

-0.47

Correlation (10Y)
Calculated over the trailing 10-year period

-0.58

Correlation (All Time)
Calculated using the full available price history since Mar 19, 2010

-0.61

The correlation between YXI and EWT shifts across timeframes, from -0.61 (all time) to -0.42 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Short FTSE China 50

iShares MSCI Taiwan ETF

Often compared with YXI:
YXI vs. FXPYXI vs. KWEBYXI vs. SPYYXI vs. CNYAYXI vs. MCHIYXI vs. FXIYXI vs. VOO
Often compared with EWT:
EWT vs. EWYEWT vs. FLTWEWT vs. VTEWT vs. QQQEWT vs. EWHEWT vs. EWSEWT vs. EWX

Return for Risk

YXI vs. EWT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YXI
YXI Risk / Return Rank: 77
Overall Rank
YXI Sharpe Ratio Rank: 77
Sharpe Ratio Rank
YXI Sortino Ratio Rank: 77
Sortino Ratio Rank
YXI Omega Ratio Rank: 77
Omega Ratio Rank
YXI Calmar Ratio Rank: 66
Calmar Ratio Rank
YXI Martin Ratio Rank: 77
Martin Ratio Rank
EWT
EWT Risk / Return Rank: 9696
Overall Rank
EWT Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
EWT Sortino Ratio Rank: 9595
Sortino Ratio Rank
EWT Omega Ratio Rank: 9494
Omega Ratio Rank
EWT Calmar Ratio Rank: 9797
Calmar Ratio Rank
EWT Martin Ratio Rank: 9696
Martin Ratio Rank
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. EWT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and iShares MSCI Taiwan ETF (EWT). 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.

YXIEWTDifference

Sharpe ratio

Return per unit of total volatility

-0.16

4.49

-4.65

Sortino ratio

Return per unit of downside risk

-0.09

5.05

-5.14

Omega ratio

Gain probability vs. loss probability

0.99

1.70

-0.71

Calmar ratio

Return relative to maximum drawdown

-0.24

10.83

-11.08

Martin ratio

Return relative to average drawdown

-0.42

33.31

-33.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YXI vs. EWT - Sharpe Ratio Comparison

The current YXI Sharpe Ratio is -0.16, which is lower than the EWT Sharpe Ratio of 4.49. The chart below compares the historical Sharpe Ratios of YXI and EWT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

YXIEWTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.16

4.49

-4.65

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.10

0.83

-0.93

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.31

0.93

-1.23

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.31

0.26

-0.57

Drawdowns

YXI vs. EWT - Drawdown Comparison

The maximum YXI drawdown since its inception was -81.15%, which is greater than EWT's maximum drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for YXI and EWT.

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Drawdown Indicators

YXIEWTDifference

Max Drawdown

Largest peak-to-trough decline

-81.15%

-64.37%

-16.78%

Max Drawdown (1Y)

Largest decline over 1 year

-14.66%

-10.51%

-4.15%

Max Drawdown (3Y)

Largest decline over 3 years

-53.12%

-25.66%

-27.46%

Max Drawdown (5Y)

Largest decline over 5 years

-57.65%

-38.88%

-18.77%

Max Drawdown (10Y)

Largest decline over 10 years

-64.92%

-38.88%

-26.04%

Current Drawdown

Current decline from peak

-78.33%

0.00%

-78.33%

Average Drawdown

Average peak-to-trough decline

-54.30%

-19.23%

-35.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.17%

3.42%

+5.75%

Volatility

YXI vs. EWT - Volatility Comparison

The current volatility for ProShares Short FTSE China 50 (YXI) is 7.00%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 10.39%. This indicates that YXI experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

YXIEWTDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.00%

10.39%

-3.39%

Volatility (6M)

Calculated over the trailing 6-month period

14.75%

20.54%

-5.79%

Volatility (1Y)

Calculated over the trailing 1-year period

19.89%

25.10%

-5.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.40%

22.59%

+8.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.42%

21.60%

+5.82%

YXI vs. EWT - Expense Ratio Comparison

YXI has a 0.95% expense ratio, which is higher than EWT's 0.59% expense ratio.

Dividends

YXI vs. EWT - Dividend Comparison

YXI's dividend yield for the trailing twelve months is around 2.89%, more than EWT's 2.63% yield.

PositionTTM20252024202320222021202020192018201720162015
EWT
iShares MSCI Taiwan ETF		2.63%4.43%3.32%8.12%18.82%0.55%1.83%2.49%3.16%2.81%2.39%3.12%
YXI
ProShares Short FTSE China 50		2.89%3.60%4.35%2.66%0.27%0.00%0.08%1.01%0.25%0.00%0.00%0.00%

Frequently Asked Questions

YXI and EWT have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWT has higher volatility (10.39%) compared to YXI (7.00%). In terms of maximum drawdown, YXI dropped -81.15% vs EWT's -64.37%.

On 10-year performance, EWT leads with 19.93% vs -8.43% for YXI. On fees, EWT is cheaper at 0.59% per year. On volatility, YXI has been the lower-risk option at 7.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EWT has performed better with a 19.93% return vs -8.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EWT is cheaper with a 0.59% expense ratio, compared with 0.95% for YXI.

YXI has the higher dividend yield at 2.89%, compared with 2.63% for EWT.

YXI is categorized as Inverse Equities, while EWT is Asia Pacific Equities. YXI tracks FTSE China 50 Net Tax USD (TR) (-100%), while EWT tracks MSCI Taiwan Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for YXI and 0.59% for EWT.

EWT currently has the higher Sharpe Ratio (4.49 vs -0.16), 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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