YXI vs. SPY
Compare and contrast key facts about ProShares Short FTSE China 50 (YXI) and SPDR S&P 500 ETF (SPY).
YXI and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both YXI and SPY 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 SPY.
Key characteristics
| YXI | SPY | |
|---|---|---|
| YTD Return | -22.89% | 26.77% |
| 1Y Return | -18.67% | 37.43% |
| 3Y Return (Ann) | 0.15% | 10.15% |
| 5Y Return (Ann) | -4.84% | 15.86% |
| 10Y Return (Ann) | -6.54% | 13.33% |
| Sharpe Ratio | -0.60 | 3.06 |
| Sortino Ratio | -0.68 | 4.08 |
| Omega Ratio | 0.92 | 1.58 |
| Calmar Ratio | -0.25 | 4.44 |
| Martin Ratio | -0.99 | 20.11 |
| Ulcer Index | 19.64% | 1.85% |
| Daily Std Dev | 32.52% | 12.18% |
| Max Drawdown | -77.78% | -55.19% |
| Current Drawdown | -72.65% | -0.31% |
Correlation
The correlation between YXI and SPY is -0.55. 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. SPY - Performance Comparison
In the year-to-date period, YXI achieves a -22.89% return, which is significantly lower than SPY's 26.77% return. Over the past 10 years, YXI has underperformed SPY with an annualized return of -6.54%, while SPY has yielded a comparatively higher 13.33% 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. SPY - Expense Ratio Comparison
YXI has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
YXI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 3.73%, more than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
YXI vs. SPY - Drawdown Comparison
The maximum YXI drawdown since its inception was -77.78%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for YXI and SPY. For additional features, visit the drawdowns tool.
Volatility
YXI vs. SPY - Volatility Comparison
ProShares Short FTSE China 50 (YXI) has a higher volatility of 13.29% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that YXI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.