Which came closer to its stated multiple, CCPX or XPP?

Over the window to Sep 30, 2026, CCPX finished 3.7 points from what its multiple implies and XPP finished 1.9 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 17% annualized and XPP’s at 17%, 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.

Share on X Download as PDF Open live

CCPX vs XPP: which held to its multiple?

Over the days both have traded, CCPX finished 3.7 points from its stated multiple and XPP 1.9. Corgi China 2x Daily ETF and ProShares Ultra FTSE China 50.

+9.1%

CCPX returned, 3 months

+10.9%

XPP returned, 3 months

−3.7 pts

CCPX from its stated multiple

−1.9 pts

XPP from its stated multiple

CCPX · 3 months to Sep 30, 20263.7 pts short of its stated multiple

CCPX returned +9.1% while 2 times FXI's move would have been +12.8%

XPP · 3 months to Sep 30, 20261.9 pts short of its stated multiple

XPP returned +10.9% while 2 times FXI's move would have been +12.8%

ETFIQ Decay Resistance Score · XPP scores higherDid it keep up with its own daily multiple, compounded day by day?

CCPX 33.8

XPP 86.8

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	CCPX	XPP	CCPX	XPP	CCPX	XPP
1 month	−8.9%	−8.2%	−7.6%	−7.6%	−1.2 pts	−0.5 pts
3 months	+9.1%	+10.9%	+12.8%	+12.8%	−3.7 pts	−1.9 pts
6 months	not published	−11.2%	not published	−7.2%	not published	−4.0 pts
1 year	not published	−35.7%	not published	−31.5%	not published	−4.1 pts
3 years	not published	+24.4%	not published	+76.7%	not published	−52.3 pts
Since launch CCPX Jun 2026 · XPP Jan 2010	−11.1%	−69.8%	−7.1%	+33.8%	−4.0 pts	−103.6 pts

CCPX and XPP over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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

Underlying asset FXI FXI

Segment country country

Fund returned, 3 months or since launch +9.1% +10.9%

Underlying returned, over that window +6.4% +6.4%

What the stated multiple implies, over that window +12.8% +12.8%

Difference from stated, over that window −3.7 pts −1.9 pts

Fund returned, 1 year or since launch −11.1% −35.7%

Difference from stated, over that window −4.0 pts −4.1 pts

Underlying volatility 17% 17%

Difference over the days both have traded −3.7 pts −1.9 pts

Expense ratio 0.45% 0.95%

Launched Jun 3, 2026 Jan 4, 2010

Net assets $318,402 $8m

CCPX and XPP on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CCPX in plain words

Three months to Sep 30, 2026: CCPX returned +9.1% where its own daily promise gave +12.4%, 3.3 points short. Read the multiple against the whole window instead and 2 times FXI's 6.4% implies +12.8%, which makes CCPX look 3.7 points short. 0.4 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 17% 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 30, 2026: XPP returned +10.9% where its own daily promise gave +12.4%, 1.5 points short. Read the multiple against the whole window instead and 2 times FXI's 6.4% implies +12.8%, which makes XPP look 1.9 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 30, 2026, CCPX finished 3.7 points from what its multiple implies and XPP finished 1.9 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 17% annualized and XPP’s at 17%, 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

CCPX vs FXP CCPX vs YANG CCPX vs YINN CCPX vs YXI XPP vs YANG XPP vs YINN XPP vs YXI XPP vs FXP

FXI →CCPX on its own →XPP on its own →How every figure is computed →Standards and sources →

Where these figures came from

CCPX filings on SEC EDGAR ↗CCPX prospectus with the expense ratio (SEC) ↗Corgi website ↗XPP filings on SEC EDGAR ↗XPP prospectus with the expense ratio (SEC) ↗ProShares page for XPP ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, CCPX against XPP, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/ccpx-vs-xpp

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.