ProShares - UltraShort FTSE China 50
$21.35+0.45 (+2.16%)
- Expense ratio
- 1.79%
- Fund size
- $6M
- 1Y return
- +26.7%
- Yield · Last 12 months
- 3.12%
- Holdings
- 11
- Volume · 30D
- 0M sh
- NAV per share
- $21.65
- 52W range
The ETF.net FXP Grade
Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 38Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 55Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 12Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 47Category rank
Our read on FXP
DThe China bear trade in a single ticker. FXP aims to deliver two times the inverse of the FTSE China 50's daily move, and it has been doing that one job since 2007.
FXP seeks daily results, before fees and expenses, equal to two times the inverse of the FTSE China 50 Index’s daily performance. It is intended to gain when that index declines and lose when it rises.
Why people hold it
- Does one thing and says so plainly: seeks two times the inverse of the FTSE China 50's daily return, before fees. It gains when that index falls and loses when it rises.proshares.com
- Launched in 2007, it has traded through multiple China booms and busts. That is real longevity for a daily-reset leveraged fund.
- Wrapped in an ETF, so the short exposure comes without arranging a stock borrow, and what you put in is what you have at risk.proshares.com
Worth knowing
- Daily reset: the -2x target applies to one day at a time. Hold longer and compounding takes over, so multi-day results can diverge from twice the index's inverse move.proshares.com
- Fee runs 1.79% a year, above the typical leveraged or inverse fund, and it accrues daily whether Chinese stocks fall or not.
- Small asset base and light trading. Spreads can run wider than in the heavily traded bear funds, which makes limit orders the sane default.
FXP Holdings
- Stocks
- 11
- 100%
- Net Other Assets (Liabilities)
FXP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FXP |
|---|---|
| Year to date | +15.3% |
| 1 month | +4.7% |
| 3 months | −8.2% |
| 1 year | +26.7% |
| 3 years | −29.7% |
| 5 years | −21.1% |
| 10 years | −20.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FXP |
|---|---|---|
| 2026 YTD | +15.3% | |
| 2025 | −45.3% | |
| 2024 | −53.2% | |
| 2023 | +10.1% | |
| 2022 | −11.8% | |
| 2021 | +23.6% | |
| 2020 | −39.5% |
FXP in the news
ETF.net Research hasn’t filed on FXP yet — coverage lands here as it’s written.
FXP Dividends
- 3.12%
- $0.65
- $0.11 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.11 |
| Mar 25, 2026 | Mar 31, 2026 | $0.10 |
| Dec 24, 2025 | Dec 31, 2025 | $0.18 |
| Sep 24, 2025 | Sep 30, 2025 | $0.26 |
| Jun 25, 2025 | Jul 1, 2025 | $0.31 |
| Mar 26, 2025 | Apr 1, 2025 | $1.00 |
| Dec 23, 2024 | Dec 31, 2024 | $0.08 |
| Sep 25, 2024 | Oct 2, 2024 | Data unavailable |
| Jun 26, 2024 | Jul 3, 2024 | $0.28 |
| Mar 20, 2024 | Mar 27, 2024 | $0.25 |
| Dec 20, 2023 | Dec 28, 2023 | Data unavailable |
| Sep 20, 2023 | Sep 27, 2023 | Data unavailable |
FXP Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 39.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.79
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −88.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.61
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FXP Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
32 of the 53 Leveraged Inverse (2x & Other) funds charge less.