YXI vs. FXP
Compare and contrast key facts about ProShares Short FTSE China 50 (YXI) and ProShares UltraShort FTSE China 50 (FXP).
YXI and FXP 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. FXP is a passively managed fund by ProShares that tracks the performance of the FTSE China 50 Net Tax USD (TR) (-200%). It was launched on Nov 8, 2007. Both YXI and FXP 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 FXP.
Key characteristics
| YXI | FXP | |
|---|---|---|
| YTD Return | -23.10% | -49.08% |
| 1Y Return | -17.03% | -41.64% |
| 3Y Return (Ann) | 0.06% | -14.90% |
| 5Y Return (Ann) | -4.84% | -20.34% |
| 10Y Return (Ann) | -6.56% | -19.93% |
| Sharpe Ratio | -0.58 | -0.67 |
| Sortino Ratio | -0.65 | -0.73 |
| Omega Ratio | 0.92 | 0.91 |
| Calmar Ratio | -0.24 | -0.44 |
| Martin Ratio | -0.96 | -1.19 |
| Ulcer Index | 19.74% | 36.95% |
| Daily Std Dev | 32.51% | 66.12% |
| Max Drawdown | -77.78% | -99.90% |
| Current Drawdown | -72.73% | -99.86% |
Correlation
The correlation between YXI and FXP is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YXI vs. FXP - Performance Comparison
In the year-to-date period, YXI achieves a -23.10% return, which is significantly higher than FXP's -49.08% return. Over the past 10 years, YXI has outperformed FXP with an annualized return of -6.56%, while FXP has yielded a comparatively lower -19.93% annualized 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. FXP - Expense Ratio Comparison
Both YXI and FXP have an expense ratio of 0.95%.
Risk-Adjusted Performance
YXI vs. FXP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and ProShares UltraShort FTSE China 50 (FXP). 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. FXP - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 3.74%, less than FXP's 4.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
YXI ProShares Short FTSE China 50 | 3.74% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
FXP ProShares UltraShort FTSE China 50 | 4.72% | 2.20% | 0.06% | 0.00% | 0.06% | 1.20% | 0.16% |
Drawdowns
YXI vs. FXP - Drawdown Comparison
The maximum YXI drawdown since its inception was -77.78%, smaller than the maximum FXP drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for YXI and FXP. For additional features, visit the drawdowns tool.
Volatility
YXI vs. FXP - Volatility Comparison
The current volatility for ProShares Short FTSE China 50 (YXI) is 12.44%, while ProShares UltraShort FTSE China 50 (FXP) has a volatility of 22.72%. This indicates that YXI experiences smaller price fluctuations and is considered to be less risky than FXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.