ProShares - Ultra FTSE China 50
DThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$19.28+0.11 (+0.57%)
- 1.53%
- $8M
- −25.8%
- 3.02%
- 0M sh
- $19.19
- low $16.57high $30.32
The ETF.net XPP Grade
D
Score 31 out of 100
- 81 of 99
Score 31 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F17 out of 100Rank 82 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 72 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 59 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 31 of 99
Our read on XPP
DLeveraged China usually means the 3x dial. XPP runs one gear lower, aiming for twice the daily move of the FTSE China 50, the Hong Kong-listed megacap benchmark. Same index as the 3x version, daily reset either way.
The fund seeks daily results, before fees and expenses, equal to two times the daily performance of the FTSE China 50 Index.
Why people hold it
- The 2x option in a corner ruled by 3x: XPP targets twice the daily move of the FTSE China 50, while the other US fund on that same index runs at 3x (YINN).proshares.com
- Trading since 2009, so this is a long-running ProShares product rather than a recent launch chasing a China headline.
- Plain-vanilla underlying: Chinese companies listed on the Hong Kong exchange, spanning H shares, P chips and red chips. No exotic basket to decode.lseg.com
Worth knowing
- At 1.53% a year it costs more than the 3x fund on the same index (YINN, 1.34%), so you pay more for each unit of leverage.
- Leverage resets daily. Hold longer than a day and compounding pushes results away from 2x the index, most sharply in choppy markets.proshares.com
- A small, thinly traded fund pinned to one country's largest Hong Kong listings, which can mean wider spreads and a concentrated ride.
XPP Holdings
- Stocks
- 2
- 100%
- Net Other Assets (Liabilities)
Sectors
- Financials100.0%
Geography
- United States100.00%
XPP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
XPP$7,418
Returns run to the Oct 12, 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 | XPP |
|---|---|
| Year to date | −25.5% |
| 1 month | −2.6% |
| 3 months | +1.8% |
| 1 year | −25.8% |
| 3 years | +7.3% |
| 5 years | −16.0% |
| 10 years | −8.3% |
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 | XPP |
|---|---|---|
| 2026 YTD | −25.5% | |
| 2025 | +45.8% | |
| 2024 | +38.2% | |
| 2023 | −34.7% | |
| 2022 | −50.1% | |
| 2021 | −40.4% | |
| 2020 | +7.1% |
XPP in the news
XPP Dividends
- 3.02%
- $0.58
- $0.16 per share
- Quarterly
Distribution history
XPP 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.
- 44.3%
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.
- 0.26
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.
- −81.1%
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.
- 0.62
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XPP Cost
1.53%
XPP1.53%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
81 of the 95 Leveraged Long (2x & Other) funds charge less.
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