FXP vs YANG
ProShares Ultrashort FTSE China 50 vs Direxion Daily FTSE China Bear 3X ETF
Which is better, FXP or YANG?
Nearly the same fund. FXP costs less.
FXP has a lower expense ratio. FXP led over 3Y, 5Y and the full window, YANG over 1Y. The two have moved almost in lockstep, correlation 0.97.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FXP | YANG |
|---|---|---|
| Expense Ratio | 0.95%Best | 1.03% |
| AUM | $6M | $116M |
| Dividend Yield | 2.31% | 3.17% |
| Holdings | 5 | 14 |
| YTD Return | +32.48% | +48.85%Best |
| 1Y Return | +27.41% | +39.59%Best |
| 3Y Return (annualized) | -28.65%Best | -44.75% |
| 5Y Return (annualized) | -18.58%Best | -35.84% |
| Volatility (annualized) | 44.9%Best | 66.0% |
| Max Drawdown | -98.9% | - |
| $10,000 over 5 years | $3,578Best | $1,087 |
| Fund Family | ProShares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Nov 6, 2007 | Dec 3, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 3, 2009 to Oct 14, 2026 (16.9 years).
FXP vs YANG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.9 years both funds cover.
FXP vs YANG Performance
ProShares Ultrashort FTSE China 50 (FXP) is an ETF from ProShares and Direxion Daily FTSE China Bear 3X ETF (YANG) is an ETF from Direxion Shares ETF Trust. Over the past year FXP returned +27.41% while YANG returned +39.59%. Year to date, FXP is up 32.48% versus a gain of 48.85% for YANG.
Over three years, FXP compounded at -28.65% per year against -44.75% for YANG; over five years the annualized figures are -18.58% and -35.84% respectively. Across the full 17-year window we track, FXP has the edge at -20.54% annualized vs -37.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
YANG has been the more volatile fund, with annualized monthly volatility of 66.0% compared with 44.9% for FXP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FXP charges 0.95% per year while YANG charges 1.03%. On a $10,000 position that is $95 vs $103 annually, a gap of $8 per year that compounds over a long holding period. On income, FXP currently yields 2.31% against 3.17% for YANG.
You are not choosing between two funds in isolation.
Whichever of FXP and YANG you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FXP or YANG?
FXP has an expense ratio of 0.95% while YANG charges 1.03%. FXP is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, FXP or YANG?
Over the past year FXP returned +27.41% vs +39.59% for YANG, so YANG leads on 1-year performance. Over the longest common window we track (17 years), FXP annualized -20.54% vs -37.34% for YANG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FXP or YANG?
YANG has been the more volatile fund at 66.0% annualized versus 44.9% for FXP.
Should I hold both FXP and YANG?
FXP and YANG have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FXP or YANG?
FXP yields 2.31% while YANG yields 3.17%, so YANG currently pays the higher dividend yield.
Is YANG better than FXP?
FXP has a lower expense ratio. FXP led over 3Y, 5Y and the full window, YANG over 1Y. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.