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XPP
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ProShares Ultra FTSE China 50 (XPP)

Upturn stock ratingUpturn stock rating
$26.95
Last Close (24-hour delay)
Profit since last BUY14.83%
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Consider higher Upturn Star rating
BUY since 61 days
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Upturn Advisory Summary

08/14/2025: XPP (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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 58.01%
Avg. Invested days 41
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
ETF Returns Performance Upturn Returns Performance 5.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Volume (30-day avg) -
Beta 0.62
52 Weeks Range 12.64 - 28.55
Updated Date 06/30/2025
52 Weeks Range 12.64 - 28.55
Updated Date 06/30/2025

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ProShares Ultra FTSE China 50

stock logo

ETF Overview

overview logo Overview

ProShares Ultra FTSE China 50 (FXP) is a leveraged ETF designed to deliver twice the daily performance of the FTSE China 50 Index, focusing on large-cap Chinese companies. It aims to provide magnified short-term returns but is subject to higher volatility and risks.

reliability logo Reputation and Reliability

ProShares is a well-known issuer of leveraged and inverse ETFs, recognized for its expertise in providing sophisticated investment tools.

reliability logo Management Expertise

ProShares has a dedicated team with experience in managing complex ETF products.

Investment Objective

overview logo Goal

To seek daily investment results, before fees and expenses, that correspond to twice (2x) the daily performance of the FTSE China 50 Index.

Investment Approach and Strategy

Strategy: Leveraged (2x) exposure to the daily performance of the FTSE China 50 Index.

Composition Primarily derivatives and swap agreements to achieve leveraged exposure to the underlying index.

Market Position

Market Share: FXP's market share in the leveraged China ETF category is difficult to precisely quantify due to overlapping fund objectives and limited competitors.

Total Net Assets (AUM): 22000000

Competitors

overview logo Key Competitors

  • YINN
  • CHAU
  • FXI

Competitive Landscape

The competitive landscape includes other leveraged and unleveraged China ETFs. FXP's advantage lies in its 2x leverage. Its disadvantage is the risk of amplified losses and potential for decay over longer holding periods compared to non-leveraged ETFs.

Financial Performance

Historical Performance: Due to the leveraged nature, historical performance is highly volatile and varies significantly. Long-term returns are often negative due to the effects of compounding and daily reset.

Benchmark Comparison: Performance is designed to be 2x the daily return of the FTSE China 50 Index, but tracking error and compounding effects can lead to deviations over time.

Expense Ratio: 0.95

Liquidity

Average Trading Volume

The average trading volume of FXP is moderate, suggesting adequate liquidity for typical trading sizes.

Bid-Ask Spread

The bid-ask spread for FXP can be relatively wide, especially during periods of high volatility, which can impact trading costs.

Market Dynamics

Market Environment Factors

Economic growth in China, regulatory changes, and global market sentiment significantly impact FXP's performance.

Growth Trajectory

FXP's growth trajectory is entirely dependent on the performance of the FTSE China 50 index, multiplied by two, and as a leveraged ETF, it is prone to significant fluctuations.

Moat and Competitive Advantages

Competitive Edge

FXP offers a high degree of leverage for investors seeking amplified short-term exposure to the FTSE China 50 Index. This provides a specific tool for tactical trading. FXP's targeted leverage strategy allows investors to potentially magnify gains. However, this also greatly enhances risks. The ETFu2019s daily reset minimizes long-term drift but prevents long-term holding.

Risk Analysis

Volatility

FXP exhibits high volatility due to its leveraged nature, making it unsuitable for risk-averse investors.

Market Risk

FXP is exposed to market risk related to the performance of Chinese equities and currency fluctuations, as well as the risks inherent in leveraged investments.

Investor Profile

Ideal Investor Profile

FXP is suitable for experienced, risk-tolerant traders seeking short-term leveraged exposure to Chinese equities.

Market Risk

FXP is best suited for active traders with a short-term investment horizon, not for long-term investors or passive index followers.

Summary

ProShares Ultra FTSE China 50 is a leveraged ETF designed to deliver twice the daily performance of the FTSE China 50 Index, focusing on large-cap Chinese companies. It is a high-risk, high-reward investment tool suitable for experienced traders seeking short-term gains. Due to its leveraged nature and daily reset, it's not recommended for long-term holding as compounding effects can erode returns. Investors should carefully consider their risk tolerance and investment objectives before investing in FXP.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • ProShares Website
  • ETF.com
  • Yahoo Finance

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investing in leveraged ETFs involves significant risks, including the potential for substantial losses.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About ProShares Ultra 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 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.