YXI vs. FLCH
YXI (ProShares Short FTSE China 50) and FLCH (Franklin FTSE China ETF) are both China Equities funds - YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%) while FLCH tracks the FTSE China RIC Capped Index. Both are passively managed. Over the past 5 years, YXI returned -5.27%/yr vs -2.13%/yr for FLCH. Their -0.94 correlation means they have often moved in opposite directions in the past. YXI charges 0.95%/yr vs 0.19%/yr for FLCH.
Performance
YXI vs. FLCH - Performance Comparison
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Returns By Period
In the year-to-date period, YXI achieves a 5.63% return, which is significantly higher than FLCH's -5.99% return.
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%
FLCH
- 1D
- 0.27%
- 1M
- 8.86%
- 6M
- -7.54%
- YTD
- -5.99%
- 1Y
- 0.17%
- 3Y*
- 8.51%
- 5Y*
- -2.13%
- 10Y*
- —
- ALL TIME*
- 0.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.47M | $4.17M | $3.23M | |
| $23.14K | $29.95K | $34.52K |
YXI vs. FLCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YXI ProShares Short FTSE China 50 | 5.63% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -2.53% |
FLCH Franklin FTSE China ETF | -5.99% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 24.32% | -19.52% | 1.51% |
Correlation
The correlation between YXI and FLCH is -0.84, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.84 |
Correlation (3Y) Balances recent behavior with more history. | -0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | -0.94 |
The correlation between YXI and FLCH shifts across timeframes, from -0.95 (5 years) to -0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
YXI vs. FLCH — Risk / Return Rank
YXI
FLCH
YXI vs. FLCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and Franklin FTSE China ETF (FLCH). 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 | FLCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.02 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.01 | +0.30 |
| Martin ratioReturn relative to average drawdown | 0.77 | 0.02 | +0.75 |
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Drawdowns
YXI vs. FLCH - Drawdown Comparison
The maximum YXI drawdown since its inception was -81.15%, which is greater than FLCH's maximum drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for YXI and FLCH.
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Drawdown Indicators
| YXI | FLCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -62.09% | -19.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.55% | -21.48% | +7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -25.15% | -27.97% |
Max Drawdown (5Y)Largest decline over 5 years | -57.65% | -50.38% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -61.63% | — | — |
Current DrawdownCurrent decline from peak | -78.43% | -33.73% | -44.70% |
Average DrawdownAverage peak-to-trough decline | -54.52% | -30.63% | -23.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 10.31% | -4.99% |
Volatility
YXI vs. FLCH - Volatility Comparison
ProShares Short FTSE China 50 (YXI) has a higher volatility of 6.80% compared to Franklin FTSE China ETF (FLCH) at 5.42%. This indicates that YXI's price experiences larger fluctuations and is considered to be riskier than FLCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YXI | FLCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 5.42% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 15.85% | 13.80% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 19.83% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.28% | 29.33% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.48% | 27.76% | -0.28% |
YXI vs. FLCH - Expense Ratio Comparison
YXI has a 0.95% expense ratio, which is higher than FLCH's 0.19% expense ratio.
Dividends
YXI vs. FLCH - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 2.69%, more than FLCH's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | 2.30% | 2.36% | 2.87% | 3.47% | 2.69% | 1.48% | 0.91% | 1.98% | 1.92% | 0.01% |
YXI ProShares Short FTSE China 50 | 2.69% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% | 0.00% |
Frequently Asked Questions
YXI and FLCH have a correlation of -0.84, 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 FLCH (5.42%). In terms of maximum drawdown, YXI dropped -81.15% vs FLCH's -62.09%.
On 5-year performance, FLCH leads with -2.13% vs -5.27% for YXI. On fees, FLCH is cheaper at 0.19% per year. On volatility, FLCH has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLCH has performed better with a -2.13% return vs -5.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLCH is cheaper with a 0.19% expense ratio, compared with 0.95% for YXI.
YXI has the higher dividend yield at 2.69%, compared with 2.30% for FLCH.
YXI tracks FTSE China 50 Net Tax USD (TR) (-100%), while FLCH tracks FTSE China RIC Capped Index. They also come from different issuers: ProShares and Franklin Templeton. Their fees differ too: 0.95% for YXI and 0.19% for FLCH.
YXI currently has the higher Sharpe Ratio (0.20 vs 0.01), 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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