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WX vs XPP

Corgi All World 2x Daily ETF

WXCCboe

ProShares Ultra FTSE China 50

XPPCNYSE Arca

Overlap

Expense ratio

WX −0.75pt a year

WX0.20%XPP0.95%

Avg volume · 30D

XPP 11.0×the volume

WX285XPP3.14K

WX vs XPP Performance

Jul 31, 2026 – Oct 30, 2026

−3.2%WX−19.6%XPP

Jul 31, 2026 to Oct 30, 2026. WX −3.2%. XPP −19.6%. Use the arrow keys to read each point.−25%−15%−10%5%Jul 2026Sep 2026Oct 2026
Expense ratio
WX 0.20%, better
XPP 0.95%
Fund size
WX $1M
XPP $7M
1Y total return
WX No data
XPP −34.4%
Yield (12M)
WX No data
XPP 3.23%
Holdings
WX 1
XPP 2
Avg volume (30D)
WX 285 sh
XPP 3.14K sh, better
NAV per share
WX $22.96
XPP $17.93
52W range

ETF.net Grade

WX: Cost 100, Risk 71, Mission not scored, Tradability 31, Holdings not scored, Durability 23. XPP: Cost 51, Risk 36, Mission not scored, Tradability 43, Holdings not scored, Durability 61.
Pillar letters and Scores for WX, XPP, with each pillar’s weight
PillarWXXPP
Cost30% weightA100HigherC51
Mission25% weightNot scoredNot scored
Risk15% weightA71HigherD36
Tradability15% weightD31C43Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF23B61Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. WX and XPP are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

XPP ranks 32nd and WX 37th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 30CWXETTeucrium 2x Daily Wheat ETFScore 48
  2. Rank 32CXPPProShares Ultra FTSE China 50Score 46
  3. Rank 33CAIBUDirexion Daily AI and Big Data Bull 2X ETFScore 45
  4. Rank 37CWLDULeverage Shares 2x Long World SScore 40
  5. Rank 37CWXCorgi All World 2x Daily ETFScore 40
  6. Rank 37CXBIXCorgi U.S. Biotech 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

WXCCorgi All World 2x Daily ETF

XPPCProShares Ultra FTSE China 50

In short

WX No data

XPP The 2x dial on China's Hong Kong blue chips: the 50 biggest HK-listed Chinese names, doubled daily. ProShares calls it the only ETF targeting 2x that index. Fee is 0.95% net of a waiver through September 30, 2027.

Stated mandate

WX No data

XPP 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

WX No data

  • XPP ProShares calls it the only ETF targeting 2x the daily return of the FTSE China 50, bought and sold like any stock in a brokerage account.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.49% gross), near the category norm. QLD runs 0.89% net of a waiver through the same date; DDM also charges 0.95%.
  • Rules-based underneath: the 50 largest, most liquid Hong Kong listed Chinese companies (H Shares, Red Chips, P Chips), cap weighted with limits, reviewed quarterly.proshares.com
  • Live since 2009, a long run for a leveraged fund, and it sits in the upper half of a crowded leveraged long field.

Worth knowing

WX No data

  • XPP Leverage resets daily. Over longer holds the path matters as much as the direction, and choppy markets can leave results short of 2x the index move.proshares.com
  • Small by assets and lightly traded, so bid-ask spreads and trade timing matter more here than with the headline leveraged names.
  • Concentrated by design: the prospectus flags banks industry risk, Chinese investments risk (government control of markets, trading suspensions) and non-diversification.proshares.com

Full WX profile⁠

Full XPP profile⁠

WX vs XPP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

WX vs XPP Cost

Overpaying XPP vs WX

$13,714

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • WX 0.20%

    $4,155

  • XPP 0.95%

    $17,869

$10,000
30 years

Cost over time

  • WX 0.20%
  • XPP 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XPP $17,869WX $4,155

Year by year

YearWXXPPOverpaying
10$365$1,678$1,313
20$1,421$6,322$4,901
30$4,155$17,869$13,714

Expense ratio

  • 0.20%WX, cheaper
  • 0.95%XPP
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

WX cheapest of 95 funds

XPP 32nd cheapest of 95 funds

WX vs XPP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
WX No data
XPP 3.23%
Payout (12M)
WX None
XPP $0.58
Last payment
WX No data
XPP $0.16
Ex-dividend
WX No data
XPP Sep 23, 2026
Paid on
WX No data
XPP Sep 29, 2026
Frequency
WX No data
XPP Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

WXAll WX payments⁠

No distribution history available.

XPPQuarterly · 20 paymentsAll XPP payments⁠
One bar per payment. 20 payments from 2018 to 2026 YTD. Dec 26, 2018 $0.83; Mar 20, 2019 $0.09; Jun 25, 2019 $0.16; Sep 25, 2019 $2.18; Dec 24, 2019 $0.15; Mar 22, 2023 $0.02; Jun 21, 2023 $0.11; Sep 20, 2023 $0.15; Dec 20, 2023 $0.11; Mar 20, 2024 $0.05; Jun 26, 2024 $0.08; Sep 25, 2024 $0.18; Dec 23, 2024 $0.24; Mar 26, 2025 $0.16; Jun 25, 2025 $0.16; Sep 24, 2025 $0.12; Dec 24, 2025 $0.18; Mar 25, 2026 $0.11; Jun 24, 2026 $0.13; Sep 23, 2026 $0.16. Use the arrow keys to read each point.$0$2.50202020232026YTD

WX vs XPP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
WX No dataXPP 44.1%
Return per unit of riskSharpe ratio, 3 years
WX No dataXPP 0.28
Worst fallMax drawdown, 5 years
WX No dataXPP −80.4%
Market sensitivityBeta, 5 years
WX 2.76XPP 0.62

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