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ProShares Ultra FTSE China 50 (XPP)



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Upturn Advisory Summary
08/14/2025: XPP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
ProShares Ultra FTSE China 50
ETF Overview
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.
Reputation and Reliability
ProShares is a well-known issuer of leveraged and inverse ETFs, recognized for its expertise in providing sophisticated investment tools.
Management Expertise
ProShares has a dedicated team with experience in managing complex ETF products.
Investment Objective
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
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.
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 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.

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.