Data as of .
FXP vs YINN: which held to its multiple?
Over three months against its own daily promise, FXP finished 2.2 points over and YINN 2.4 points short.
ETFIQ Decay Resistance Score: FXP scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs 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 | |||
|---|---|---|---|---|---|---|
| FXP | YINN | FXP | YINN | FXP | YINN | |
| 1 month | +5.3% | −7.7% | +4.2% | −6.3% | +1.1 pts | −1.4 pts |
| 3 months | +2.8% | −9.3% | +3.1% | −4.6% | −0.3 pts | −4.7 pts |
| 6 months | +7.5% | −21.4% | +8.2% | −12.3% | −0.7 pts | −9.0 pts |
| 1 year | +31.0% | −49.0% | +27.5% | −41.3% | +3.4 pts | −7.7 pts |
| 3 years | −63.1% | −11.0% | −72.7% | +109.0% | +9.6 pts | −120.0 pts |
| Since launch | −98.0% | −96.1% | −37.1% | +55.6% | −61.0 pts | −151.7 pts |
| FXP ProShares UltraShort FTSE China 50 Aims to return twice the opposite of the daily move of ISHARES CHINA LARGE-CAP ETF (FXI) | YINN Direxion Daily FTSE China Bull 3X ETF Aims to return three times the daily move of ISHARES CHINA LARGE-CAP ETF (FXI) | |
|---|---|---|
| Issuer | ProShares | Direxion |
| Sets out to return | -2x | +3x |
| On | FXI | FXI |
| Segment | country | country |
| Fund returned, 3 months | +2.8% | −9.3% |
| Underlying returned, 3 months | −1.5% | −1.5% |
| What the stated multiple implies, 3 months | +3.1% | −4.6% |
| Difference from stated, 3 months | −0.3 pts | −4.7 pts |
| Fund returned, 1 year or since launch | +31.0% | −49.0% |
| Difference from stated, over that window | +3.4 pts | −7.7 pts |
| Underlying volatility | 18% | 18% |
| Expense ratio | 0.95% | 1.34% |
| Launched | Jan 4, 2010 | Jan 4, 2010 |
FXP in plain words
Three months to Sep 11, 2026: FXP returned +2.8% where its own daily promise gave +0.6%, 2.2 points over. Read the multiple against the whole window instead and −2 times FXI's −1.5% implies +3.1%, which makes FXP look 0.3 points short. 2.5 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. FXP 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.
YINN in plain words
Three months to Sep 11, 2026: YINN returned −9.3% where its own daily promise gave −6.9%, 2.4 points short. Read the multiple against the whole window instead and +3 times FXI's −1.5% implies −4.6%, which makes YINN look 4.7 points short. 2.3 of that is daily compounding, which happens to any +3 times fund over the same path, and the rest is the fund. YINN aims to return +3 times FXI's move each day, then resets. Over longer, the daily results compound, so the total is not +3 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.
Questions people ask
- Which came closer to its stated multiple, FXP or YINN?
- Over the window to Sep 11, 2026, FXP finished 0.3 points from what its multiple implies and YINN finished 4.7 points from its own, so FXP came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are FXP and YINN levered on the same thing?
- Yes. Both are levered on ISHARES CHINA LARGE-CAP ETF, FXP at -2 times and YINN at +3 times the daily move.
- Which one decays faster, FXP or YINN?
- Decay follows how much the underlying moves about. Over this window FXP’s moved at 18% annualized and YINN’s at 18%, so FXP has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold FXP or YINN 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, FXP or YINN?
- FXP charges 0.95% a year and YINN charges 1.34%, so FXP 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, FXP against YINN, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/FXP-YINN Free to use with attribution; the underlying files are at Open data.