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ProShares UltraShort FTSE China 50 (FXP)
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Upturn Advisory Summary
12/05/2025: FXP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -39.3% | Avg. Invested days 30 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Volume (30-day avg) - | Beta -0.42 | 52 Weeks Range 10.17 - 32.04 | Updated Date 06/29/2025 |
52 Weeks Range 10.17 - 32.04 | Updated Date 06/29/2025 |
Upturn AI SWOT
ProShares UltraShort FTSE China 50
ETF Overview
Overview
ProShares UltraShort FTSE China 50 (FXP) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the FTSE China 50 Index. It provides leveraged inverse exposure to large-cap Chinese stocks trading on the Hong Kong Stock Exchange.
Reputation and Reliability
ProShares is a well-known issuer of leveraged and inverse ETFs, with a solid track record of providing products that meet their stated objectives.
Management Expertise
ProShares has a specialized management team with extensive experience in structuring and managing leveraged and inverse ETFs.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the FTSE China 50 Index.
Investment Approach and Strategy
Strategy: The ETF employs a leveraged inverse strategy, using derivatives to achieve -2x the daily return of the FTSE China 50 Index.
Composition The ETF holds derivatives, primarily swap agreements, to create the leveraged inverse exposure. It does not directly hold the underlying stocks.
Market Position
Market Share: FXP holds a small market share within the inverse China ETF category.
Total Net Assets (AUM): 40435305.37
Competitors
Key Competitors
- YANG
- CHAD
- FXI
Competitive Landscape
The inverse China ETF market is competitive, with several leveraged and non-leveraged options. FXP provides a -2x leveraged approach, which differentiates it, but also increases risk. Competitors offer varying degrees of leverage and different index tracking strategies.
Financial Performance
Historical Performance: Historical performance is highly dependent on the daily movements of the FTSE China 50 Index. Due to the leveraged nature and daily reset, long-term performance can deviate significantly from -2x the index's performance over longer periods.
Benchmark Comparison: Benchmark comparison is relevant only on a daily basis. Over longer periods, compounding effects due to the daily reset can cause significant deviations from the benchmark.
Expense Ratio: 1.65
Liquidity
Average Trading Volume
FXP's liquidity is moderate, but sufficient for most retail investors, with an average daily trading volume of 113369 shares.
Bid-Ask Spread
FXP has a typically moderate bid-ask spread, which can widen during periods of high volatility or low trading volume.
Market Dynamics
Market Environment Factors
Economic indicators in China, global trade tensions, regulatory changes affecting Chinese companies, and investor sentiment towards emerging markets all affect FXP's performance.
Growth Trajectory
FXP's growth trajectory is entirely dependent on short-term bearish trends in the FTSE China 50 Index. There is no inherent growth strategy, as the ETF is designed for short-term tactical plays.
Moat and Competitive Advantages
Competitive Edge
FXP's competitive advantage lies in its -2x leveraged inverse exposure to the FTSE China 50 Index. This provides a unique tool for investors seeking to profit from short-term declines in the Chinese stock market. However, the leveraged nature also introduces higher risk and is not suitable for all investors. The daily reset mechanism and compounding can significantly impact long-term returns.
Risk Analysis
Volatility
FXP exhibits high volatility due to its leveraged nature. Its price can fluctuate significantly in short periods, making it unsuitable for risk-averse investors.
Market Risk
The ETF is subject to market risk related to the Chinese stock market and the risks associated with leveraged and inverse products. Changes in the FTSE China 50 Index can result in substantial losses.
Investor Profile
Ideal Investor Profile
FXP is best suited for sophisticated investors with a high-risk tolerance who have a short-term bearish outlook on the Chinese stock market. It is not intended for buy-and-hold investors.
Market Risk
FXP is best for active traders who understand the risks associated with leveraged and inverse ETFs. It is not suitable for long-term investors or passive index followers.
Summary
ProShares UltraShort FTSE China 50 (FXP) is a leveraged inverse ETF designed to provide -2x the daily performance of the FTSE China 50 Index. It is a high-risk, short-term trading tool for sophisticated investors seeking to profit from a decline in Chinese stocks. Due to its leveraged nature and daily reset, it is not suitable for long-term investment. Its performance is highly sensitive to short-term market movements and can deviate significantly from the underlying index over longer periods.
Similar ETFs
Sources and Disclaimers
Data Sources:
- ProShares Official Website
- Financial News Providers (e.g., Bloomberg, Reuters)
- ETF Database
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Investing in leveraged and inverse ETFs involves significant risks, and investors should carefully consider their investment objectives and risk tolerance before investing.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares UltraShort FTSE China 50
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is designed to measure the performance of the 50 largest and most liquid companies that are listed on the Hong Kong Stock Exchange. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.