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FXPProShares UltraShort FTSE China 50

Take a bet18y track recordRanked #490 of 949 in this goal

Seeks daily investment results that correspond to -2x the daily performance of the FTSE China 50 Index.

By ProShares · Launched 2007

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$8M

#5,017 of 5,861 · small

Return (1Y)Goal

-0.5%

Track Record

18 years

#530 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,103+1.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Inverse

Index tracked

FTSE China 50 Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

Repurchase Agreement
19.5%
Repurchase Agreement
9.7%
Repurchase Agreement
9.7%
N/A
6.4%
Repurchase Agreement
5.8%
Repurchase Agreement
5.8%
Repurchase Agreement
4.8%
Repurchase Agreement
3.9%
Repurchase Agreement
3.9%
Repurchase Agreement
1.9%

Asset allocation

Other
44.1%
Cash
32.4%
Stocks
23.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
40.8%High

Year-on-year price swings

Max drawdown
-93.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.40Below average
Sortino (3Y)
-0.54Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to -2x the daily performance of the FTSE China 50 Index.
Strategy
Invests in derivatives to gain inverse leveraged exposure to the FTSE China 50 Index, which measures the performance of the 50 largest and most liquid companies listed on the Hong Kong Stock Exchange. The Fund rebalances daily to maintain its -2x exposure to the Index.
Inception date
November 6, 2007
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04