YXI vs. KBA
YXI (ProShares Short FTSE China 50) and KBA (KraneShares Bosera MSCI China A Share ETF) are both China Equities funds - YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%) while KBA tracks the MSCI China A Index. Both are passively managed. Over the past 10 years, YXI returned -7.29%/yr vs 9.46%/yr for KBA. At a correlation of -0.68, they often move in opposite directions. YXI charges 0.95%/yr vs 0.60%/yr for KBA.
Performance
YXI vs. KBA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YXI achieves a 12.29% return, which is significantly higher than KBA's 9.84% return. Over the past 10 years, YXI has underperformed KBA with an annualized return of -7.29%, while KBA has yielded a comparatively higher 9.46% annualized return.
YXI
- 1D
- -0.91%
- 1M
- 3.13%
- 6M
- 17.42%
- YTD
- 12.29%
- 1Y
- 9.77%
- 3Y*
- -9.43%
- 5Y*
- -2.73%
- 10Y*
- -7.29%
KBA
- 1D
- 0.06%
- 1M
- -2.05%
- 6M
- 8.43%
- YTD
- 9.84%
- 1Y
- 39.10%
- 3Y*
- 14.68%
- 5Y*
- 6.62%
- 10Y*
- 9.46%
YXI vs. KBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YXI ProShares Short FTSE China 50 | 12.29% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
KBA KraneShares Bosera MSCI China A Share ETF | 9.84% | 33.88% | 15.73% | -16.77% | -3.49% | 3.17% | 41.62% | 35.44% | -26.28% | 30.69% |
Correlation
The correlation between YXI and KBA is -0.56, 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 | -0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2014 | -0.68 |
The correlation between YXI and KBA shifts across timeframes, from -0.71 (10 years) to -0.56 (1 year), 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.
Return for Risk
YXI vs. KBA — Risk / Return Rank
YXI
KBA
YXI vs. KBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and KraneShares Bosera MSCI China A Share ETF (KBA). 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 | KBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.34 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 5.13 | -4.27 |
| Martin ratioReturn relative to average drawdown | 1.73 | 12.04 | -10.31 |
Loading charts...
Drawdowns
YXI vs. KBA - Drawdown Comparison
The maximum YXI drawdown since its inception was -81.15%, which is greater than KBA's maximum drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for YXI and KBA.
Loading charts...
Drawdown Indicators
| YXI | KBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -53.24% | -27.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -7.65% | -3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -31.23% | -21.89% |
Max Drawdown (5Y)Largest decline over 5 years | -57.65% | -39.76% | -17.89% |
Max Drawdown (10Y)Largest decline over 10 years | -61.79% | -45.32% | -16.47% |
Current DrawdownCurrent decline from peak | -77.07% | -4.12% | -72.95% |
Average DrawdownAverage peak-to-trough decline | -54.45% | -25.61% | -28.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 3.26% | +2.40% |
Volatility
YXI vs. KBA - Volatility Comparison
The current volatility for ProShares Short FTSE China 50 (YXI) is 7.44%, while KraneShares Bosera MSCI China A Share ETF (KBA) has a volatility of 9.38%. This indicates that YXI experiences smaller price fluctuations and is considered to be less risky than KBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| YXI | KBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 9.38% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 15.44% | 15.73% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.65% | 20.18% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.47% | 27.47% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.44% | 25.45% | +1.99% |
YXI vs. KBA - Expense Ratio Comparison
YXI has a 0.95% expense ratio, which is higher than KBA's 0.60% expense ratio.
Dividends
YXI vs. KBA - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 2.53%, more than KBA's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | 1.42% | 1.56% | 2.18% | 2.34% | 49.05% | 9.07% | 0.65% | 1.53% | 3.77% | 1.46% | 6.62% | 29.08% |
YXI ProShares Short FTSE China 50 | 2.53% | 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 KBA have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBA has higher volatility (9.38%) compared to YXI (7.44%). In terms of maximum drawdown, YXI dropped -81.15% vs KBA's -53.24%.
On 10-year performance, KBA leads with 9.46% vs -7.29% for YXI. On fees, KBA is cheaper at 0.60% per year. On volatility, YXI has been the lower-risk option at 7.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KBA has performed better with a 9.46% return vs -7.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBA is cheaper with a 0.60% expense ratio, compared with 0.95% for YXI.
YXI has the higher dividend yield at 2.53%, compared with 1.42% for KBA.
YXI tracks FTSE China 50 Net Tax USD (TR) (-100%), while KBA tracks MSCI China A Index. They also come from different issuers: ProShares and CICC. Their fees differ too: 0.95% for YXI and 0.60% for KBA.
KBA currently has the higher Sharpe Ratio (1.95 vs 0.48), 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 KBA
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