YXI vs. KWEB
Compare and contrast key facts about ProShares Short FTSE China 50 (YXI) and KraneShares CSI China Internet ETF (KWEB).
YXI and KWEB 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. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. Both YXI and KWEB 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 KWEB.
Key characteristics
| YXI | KWEB | |
|---|---|---|
| YTD Return | -22.89% | 13.52% |
| 1Y Return | -18.67% | 14.62% |
| 3Y Return (Ann) | 0.15% | -13.68% |
| 5Y Return (Ann) | -4.84% | -5.99% |
| 10Y Return (Ann) | -6.54% | -0.81% |
| Sharpe Ratio | -0.60 | 0.41 |
| Sortino Ratio | -0.68 | 0.90 |
| Omega Ratio | 0.92 | 1.11 |
| Calmar Ratio | -0.25 | 0.21 |
| Martin Ratio | -0.99 | 1.30 |
| Ulcer Index | 19.64% | 12.37% |
| Daily Std Dev | 32.52% | 38.70% |
| Max Drawdown | -77.78% | -80.92% |
| Current Drawdown | -72.65% | -67.70% |
Correlation
The correlation between YXI and KWEB is -0.77. 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. KWEB - Performance Comparison
In the year-to-date period, YXI achieves a -22.89% return, which is significantly lower than KWEB's 13.52% return. Over the past 10 years, YXI has underperformed KWEB with an annualized return of -6.54%, while KWEB has yielded a comparatively higher -0.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
YXI vs. KWEB - Expense Ratio Comparison
YXI has a 0.95% expense ratio, which is higher than KWEB's 0.76% expense ratio.
Risk-Adjusted Performance
YXI vs. KWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and KraneShares CSI China Internet ETF (KWEB). 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. KWEB - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 3.73%, more than KWEB's 1.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YXI ProShares Short FTSE China 50 | 3.73% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KWEB KraneShares CSI China Internet ETF | 1.50% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
Drawdowns
YXI vs. KWEB - Drawdown Comparison
The maximum YXI drawdown since its inception was -77.78%, roughly equal to the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for YXI and KWEB. For additional features, visit the drawdowns tool.
Volatility
YXI vs. KWEB - Volatility Comparison
The current volatility for ProShares Short FTSE China 50 (YXI) is 13.29%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 14.53%. This indicates that YXI experiences smaller price fluctuations and is considered to be less risky than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.