ProShares - Ultra FTSE China 50
$19.60−0.89 (−4.36%)
- Expense ratio
- 1.53%
- Fund size
- $8M
- 1Y return
- −30.2%
- Yield · Last 12 months
- 2.65%
- Holdings
- 9
- Volume · 30D
- 0M sh
- NAV per share
- $19.66
- 52W range
The ETF.net XPP Grade
Score 30 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.FScore 17Category 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.DScore 36Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category 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.BScore 61Category rank
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
- 9
- 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.
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 | XPP |
|---|---|
| Year to date | −20.9% |
| 1 month | −5.0% |
| 3 months | +7.3% |
| 1 year | −30.2% |
| 3 years | +8.0% |
| 5 years | −14.7% |
| 10 years | −8.4% |
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 | −20.9% | |
| 2025 | +45.8% | |
| 2024 | +38.2% | |
| 2023 | −34.7% | |
| 2022 | −50.1% | |
| 2021 | −40.4% | |
| 2020 | +7.1% |
XPP in the news
ETF.net Research hasn’t filed on XPP yet — coverage lands here as it’s written.
XPP Dividends
- 2.65%
- $0.54
- $0.13 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.13 |
| Mar 25, 2026 | Mar 31, 2026 | $0.11 |
| Dec 24, 2025 | Dec 31, 2025 | $0.18 |
| Sep 24, 2025 | Sep 30, 2025 | $0.12 |
| Jun 25, 2025 | Jul 1, 2025 | $0.16 |
| Mar 26, 2025 | Apr 1, 2025 | $0.16 |
| Dec 23, 2024 | Dec 31, 2024 | $0.24 |
| Sep 25, 2024 | Oct 2, 2024 | $0.18 |
| Jun 26, 2024 | Jul 3, 2024 | $0.08 |
| Mar 20, 2024 | Mar 27, 2024 | $0.05 |
| Dec 20, 2023 | Dec 28, 2023 | $0.11 |
| Sep 20, 2023 | Sep 27, 2023 | $0.15 |
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.
- 0.27
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.
- 0.64
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
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
79 of the 93 Leveraged Long (2x & Other) funds charge less.