YXI vs. VOO
YXI (ProShares Short FTSE China 50) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - YXI is a Inverse Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%), while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, YXI returned -8.25%/yr vs 15.56%/yr for VOO. At a correlation of -0.53, they often move in opposite directions. YXI charges 0.95%/yr vs 0.03%/yr for VOO.
Performance
YXI vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, YXI achieves a 8.21% return, which is significantly lower than VOO's 10.91% return. Over the past 10 years, YXI has underperformed VOO with an annualized return of -8.25%, while VOO has yielded a comparatively higher 15.56% annualized return.
YXI
- 1D
- 1.95%
- 1M
- 2.80%
- YTD
- 8.21%
- 6M
- 9.88%
- 1Y
- 0.05%
- 3Y*
- -11.68%
- 5Y*
- -2.65%
- 10Y*
- -8.25%
VOO
- 1D
- -0.70%
- 1M
- 5.04%
- YTD
- 10.91%
- 6M
- 10.93%
- 1Y
- 28.04%
- 3Y*
- 22.44%
- 5Y*
- 13.90%
- 10Y*
- 15.56%
YXI vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YXI ProShares Short FTSE China 50 | 8.21% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
VOO Vanguard S&P 500 ETF | 10.91% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between YXI and VOO is -0.46, 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 | -0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010 | -0.53 |
The correlation between YXI and VOO shifts across timeframes, from -0.53 (all time) to -0.38 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
YXI vs. VOO — Risk / Return Rank
YXI
VOO
YXI vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and Vanguard S&P 500 ETF (VOO). 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.
| YXI | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.43 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 3.16 | -3.16 |
| Martin ratioReturn relative to average drawdown | 0.01 | 14.73 | -14.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YXI | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | 2.39 | -2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.83 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.30 | 0.87 | -1.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.89 | -1.19 |
Drawdowns
YXI vs. VOO - Drawdown Comparison
The maximum YXI drawdown since its inception was -81.15%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for YXI and VOO.
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Drawdown Indicators
| YXI | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -33.99% | -47.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.21% | -8.90% | -5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -18.69% | -34.43% |
Max Drawdown (5Y)Largest decline over 5 years | -57.65% | -24.52% | -33.13% |
Max Drawdown (10Y)Largest decline over 10 years | -64.92% | -33.99% | -30.93% |
Current DrawdownCurrent decline from peak | -77.90% | -0.70% | -77.20% |
Average DrawdownAverage peak-to-trough decline | -54.31% | -3.69% | -50.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.18% | 1.91% | +6.27% |
Volatility
YXI vs. VOO - Volatility Comparison
ProShares Short FTSE China 50 (YXI) has a higher volatility of 7.21% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that YXI's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YXI | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 2.84% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 8.90% | +5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.97% | 11.80% | +8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.40% | 16.81% | +14.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.42% | 18.01% | +9.41% |
YXI vs. VOO - Expense Ratio Comparison
YXI has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
YXI vs. VOO - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 2.84%, more than VOO's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.03% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
YXI ProShares Short FTSE China 50 | 2.84% | 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 VOO have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YXI has higher volatility (7.21%) compared to VOO (2.84%). In terms of maximum drawdown, YXI dropped -81.15% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.56% vs -8.25% for YXI. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.56% return vs -8.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.95% for YXI.
YXI has the higher dividend yield at 2.84%, compared with 1.03% for VOO.
YXI is categorized as Inverse Equities, while VOO is S&P 500. YXI tracks FTSE China 50 Net Tax USD (TR) (-100%), while VOO tracks S&P 500 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for YXI and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (2.39 vs 0.00), 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.
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