Data as of .
XPP vs YINN: which held to its multiple?
Over three months against its own daily promise, XPP finished 1.6 points short and YINN 2.4 points short.
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 | |||
|---|---|---|---|---|---|---|
| XPP | YINN | XPP | YINN | XPP | YINN | |
| 1 month | −5.2% | −7.7% | −4.2% | −6.3% | −1.0 pts | −1.4 pts |
| 3 months | −5.4% | −9.3% | −3.1% | −4.6% | −2.3 pts | −4.7 pts |
| 6 months | −12.2% | −21.4% | −8.2% | −12.3% | −4.0 pts | −9.0 pts |
| 1 year | −32.7% | −49.0% | −27.5% | −41.3% | −5.2 pts | −7.7 pts |
| 3 years | +19.8% | −11.0% | +72.7% | +109.0% | −52.9 pts | −120.0 pts |
| Since launch | −68.9% | −96.1% | +37.1% | +55.6% | −106.0 pts | −151.7 pts |
| XPP ProShares Ultra FTSE China 50 Aims to return twice 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 | −5.4% | −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 | −2.3 pts | −4.7 pts |
| Fund returned, 1 year or since launch | −32.7% | −49.0% |
| Difference from stated, over that window | −5.2 pts | −7.7 pts |
| Underlying volatility | 18% | 18% |
| Difference over the days both have traded | −2.3 pts | no shared window |
| Expense ratio | 0.95% | 1.34% |
| Launched | Jan 4, 2010 | Jan 4, 2010 |
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. 0.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. XPP 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, XPP or YINN?
- Over the window to Sep 11, 2026, XPP finished 2.3 points from what its multiple implies and YINN finished 4.7 points from its own, so XPP came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are XPP and YINN levered on the same thing?
- Yes. Both are levered on ISHARES CHINA LARGE-CAP ETF, XPP at +2 times and YINN at +3 times the daily move.
- Which one decays faster, XPP or YINN?
- Decay follows how much the underlying moves about. Over this window XPP’s moved at 18% annualized and YINN’s at 18%, so XPP has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold XPP 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, XPP or YINN?
- XPP charges 0.95% a year and YINN charges 1.34%, so XPP 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, XPP against YINN, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/XPP-YINN Free to use with attribution; the underlying files are at Open data.