YXI vs. MCHI
Compare and contrast key facts about ProShares Short FTSE China 50 (YXI) and iShares MSCI China ETF (MCHI).
YXI and MCHI 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. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both YXI and MCHI 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 MCHI.
Key characteristics
| YXI | MCHI | |
|---|---|---|
| YTD Return | -22.89% | 17.99% |
| 1Y Return | -18.67% | 14.75% |
| 3Y Return (Ann) | 0.15% | -10.28% |
| 5Y Return (Ann) | -4.84% | -2.42% |
| 10Y Return (Ann) | -6.54% | 1.32% |
| Sharpe Ratio | -0.60 | 0.51 |
| Sortino Ratio | -0.68 | 0.95 |
| Omega Ratio | 0.92 | 1.12 |
| Calmar Ratio | -0.25 | 0.26 |
| Martin Ratio | -0.99 | 1.51 |
| Ulcer Index | 19.64% | 10.50% |
| Daily Std Dev | 32.52% | 31.35% |
| Max Drawdown | -77.78% | -62.84% |
| Current Drawdown | -72.65% | -47.31% |
Correlation
The correlation between YXI and MCHI is -0.92. 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. MCHI - Performance Comparison
In the year-to-date period, YXI achieves a -22.89% return, which is significantly lower than MCHI's 17.99% return. Over the past 10 years, YXI has underperformed MCHI with an annualized return of -6.54%, while MCHI has yielded a comparatively higher 1.32% 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. MCHI - Expense Ratio Comparison
YXI has a 0.95% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
YXI vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and iShares MSCI China ETF (MCHI). 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. MCHI - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 3.73%, more than MCHI's 2.48% 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% |
MCHI iShares MSCI China ETF | 2.48% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
Drawdowns
YXI vs. MCHI - Drawdown Comparison
The maximum YXI drawdown since its inception was -77.78%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for YXI and MCHI. For additional features, visit the drawdowns tool.
Volatility
YXI vs. MCHI - Volatility Comparison
ProShares Short FTSE China 50 (YXI) has a higher volatility of 13.29% compared to iShares MSCI China ETF (MCHI) at 12.24%. This indicates that YXI's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.