YXI vs. YQQQ

Last updated Jun 5, 2026

YXI (ProShares Short FTSE China 50) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - YXI is a Inverse Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%), while YQQQ is a Derivative Income fund actively managed by YieldMax. YXI is passively managed, while YQQQ is actively managed. Over the past year, YXI returned 1.04% vs -13.84% for YQQQ. At a 0.33 correlation, their price movements are largely independent. YXI charges 0.95%/yr vs 0.99%/yr for YQQQ.

Performance

YXI vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short FTSE China 50 (YXI) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YXI achieves a 7.60% return, which is significantly higher than YQQQ's -8.57% return.

YXI

• 1D: -0.56%
• 1M: 2.15%
• YTD: 7.60%
• 6M: 9.50%
• 1Y: 1.04%
• 3Y*: -11.86%
• 5Y*: -2.76%
• 10Y*: -8.18%

YQQQ

• 1D: 0.41%
• 1M: -6.24%
• YTD: -8.57%
• 6M: -6.48%
• 1Y: -13.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YXI vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YXI ProShares Short FTSE China 50	7.60%	-22.87%	-19.79%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-8.57%	-9.97%	-4.06%

Correlation

The correlation between YXI and YQQQ is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024	0.33

Return for Risk

YXI vs. YQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YXI

YXI Risk / Return Rank: 10
YXI Sharpe Ratio Rank: 10
YXI Sortino Ratio Rank: 10
YXI Omega Ratio Rank: 10
YXI Calmar Ratio Rank: 10
YXI Martin Ratio Rank: 10

YQQQ

YQQQ Risk / Return Rank: 2
YQQQ Sharpe Ratio Rank: 1
YQQQ Sortino Ratio Rank: 2
YQQQ Omega Ratio Rank: 2
YQQQ Calmar Ratio Rank: 3
YQQQ Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YXI vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.05	-1.11	+1.16
Sortino ratio: Return per unit of downside risk	0.22	-1.50	+1.71
Omega ratio: Gain probability vs. loss probability	1.03	0.83	+0.19
Calmar ratio: Return relative to maximum drawdown	0.07	-0.67	+0.74
Martin ratio: Return relative to average drawdown	0.13	-1.61	+1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YXI vs. YQQQ - Sharpe Ratio Comparison

The current YXI Sharpe Ratio is 0.05, which is higher than the YQQQ Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of YXI and YQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	YXI	YQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	-1.11	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	-0.76	+0.46

Drawdowns

YXI vs. YQQQ - Drawdown Comparison

The maximum YXI drawdown since its inception was -81.15%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for YXI and YQQQ.

Drawdown Indicators

	YXI	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-81.15%	-28.21%	-52.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.21%	-20.82%	+6.61%
Max Drawdown (3Y) Largest decline over 3 years	-53.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-57.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.92%	—	—
Current Drawdown Current decline from peak	-78.03%	-27.87%	-50.16%
Average Drawdown Average peak-to-trough decline	-54.31%	-14.25%	-40.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.79%	8.62%	-0.83%

Volatility

YXI vs. YQQQ - Volatility Comparison

ProShares Short FTSE China 50 (YXI) has a higher volatility of 7.25% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 3.90%. This indicates that YXI's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YXI	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	3.90%	+3.35%
Volatility (6M) Calculated over the trailing 6-month period	14.87%	9.85%	+5.02%
Volatility (1Y) Calculated over the trailing 1-year period	19.93%	12.50%	+7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.39%	16.25%	+15.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.42%	16.25%	+11.17%

YXI vs. YQQQ - Expense Ratio Comparison

YXI has a 0.95% expense ratio, which is lower than YQQQ's 0.99% expense ratio.

Dividends

YXI vs. YQQQ - Dividend Comparison

YXI's dividend yield for the trailing twelve months is around 2.85%, less than YQQQ's 32.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
YQQQ YieldMax Short N100 Option Income Strategy ETF	32.16%	31.71%	7.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YXI ProShares Short FTSE China 50	2.85%	3.60%	4.35%	2.66%	0.27%	0.00%	0.08%	1.01%	0.25%

Frequently Asked Questions

Can I hold both YXI and YQQQ in my portfolio?

YXI and YQQQ have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YXI or YQQQ?

YXI has higher volatility (7.25%) compared to YQQQ (3.90%). In terms of maximum drawdown, YXI dropped -81.15% vs YQQQ's -28.21%.

Which ETF is better, YXI or YQQQ?

On 1-year performance, YXI leads with 1.04% vs -13.84% for YQQQ. On fees, YXI is cheaper at 0.95% per year. On volatility, YQQQ has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YXI or YQQQ?

Over the 1-year period, YXI has performed better with a 1.04% return vs -13.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YXI or YQQQ?

YXI is cheaper with a 0.95% expense ratio, compared with 0.99% for YQQQ.

Which ETF pays a higher dividend yield, YXI or YQQQ?

YQQQ has the higher dividend yield at 32.16%, compared with 2.85% for YXI.

What is the main difference between YXI and YQQQ?

YXI is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: ProShares and YieldMax. Their fees differ too: 0.95% for YXI and 0.99% for YQQQ.

Which has better risk-adjusted returns?

YXI currently has the higher Sharpe Ratio (0.05 vs -1.11), 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.