Data as of .
CCPX vs XPP: which held to its multiple?
Over the days both have traded, CCPX finished 3.2 points from its stated multiple and XPP 2.3.
ETFIQ Decay Resistance Score: XPP scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| CCPX | XPP | CCPX | XPP | CCPX | XPP | |
| 1 month | −5.4% | −5.2% | −4.2% | −4.2% | −1.2 pts | −1.0 pts |
| 3 months | −6.3% | −5.4% | −3.1% | −3.1% | −3.2 pts | −2.3 pts |
| 6 months | not published | −12.2% | not published | −8.2% | not published | −4.0 pts |
| 1 year | not published | −32.7% | not published | −27.5% | not published | −5.2 pts |
| 3 years | not published | +19.8% | not published | +72.7% | not published | −52.9 pts |
| Since launch | −8.0% | −68.9% | −4.5% | +37.1% | −3.5 pts | −106.0 pts |
| CCPX Corgi China 2x Daily ETF Aims to return twice the daily move of ISHARES CHINA LARGE-CAP ETF (FXI) | XPP ProShares Ultra FTSE China 50 Aims to return twice the daily move of ISHARES CHINA LARGE-CAP ETF (FXI) | |
|---|---|---|
| Issuer | Corgi | ProShares |
| Sets out to return | +2x | +2x |
| On | FXI | FXI |
| Segment | country | country |
| Fund returned, 3 months | −6.3% | −5.4% |
| Underlying returned, 3 months | −1.5% | −1.5% |
| What the stated multiple implies, 3 months | −3.1% | −3.1% |
| Difference from stated, 3 months | −3.2 pts | −2.3 pts |
| Fund returned, 1 year or since launch | −8.0% | −32.7% |
| Difference from stated, over that window | −3.5 pts | −5.2 pts |
| Underlying volatility | 18% | 18% |
| Difference over the days both have traded | −3.2 pts | −2.3 pts |
| Expense ratio | 0.45% | 0.95% |
| Launched | Jun 3, 2026 | Jan 4, 2010 |
CCPX in plain words
Three months to Sep 11, 2026: CCPX returned −6.3% where its own daily promise gave −3.9%, 2.4 points short. Read the multiple against the whole window instead and +2 times FXI's −1.5% implies −3.1%, which makes CCPX look 3.2 points short. 0.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. CCPX aims to return +2 times FXI's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. FXI moved at 18% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
XPP in plain words
Three months to Sep 11, 2026: XPP returned −5.4% where its own daily promise gave −3.9%, 1.6 points short. Read the multiple against the whole window instead and +2 times FXI's −1.5% implies −3.1%, which makes XPP look 2.3 points short. XPP aims to return +2 times FXI's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, CCPX or XPP?
- Over the window to Sep 11, 2026, CCPX finished 3.2 points from what its multiple implies and XPP finished 2.3 points from its own, so XPP came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are CCPX and XPP levered on the same thing?
- Yes. Both are levered on ISHARES CHINA LARGE-CAP ETF, CCPX at +2 times and XPP at +2 times the daily move.
- Which one decays faster, CCPX or XPP?
- Decay follows how much the underlying moves about. Over this window CCPX’s moved at 18% annualized and XPP’s at 18%, so CCPX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold CCPX or XPP for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, CCPX or XPP?
- CCPX charges 0.45% a year and XPP charges 0.95%, so CCPX is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, CCPX against XPP, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/CCPX-XPP Free to use with attribution; the underlying files are at Open data.