FXP vs YINN: which held to its multiple?
Over three months against its own daily promise, FXP finished 2.8 points over and YINN 3.7 points short. ProShares UltraShort FTSE China 50 and Direxion Daily FTSE China Bull 3X ETF.
FXP returned −10.8% while −2 times FXI's move would have been −12.8%
YINN returned +14.2% while 3 times FXI's move would have been +19.2%
FXP among the 125 inverse ETFs over three months
YINN among the 470 leveraged ETFs, long, over three months
A percentile among the 125 inverse ETFs over three months. YINN is a percentile among the 470 leveraged ETFs, long, over three months, a different set, so the two marks are not on one scale. 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 | FXP | YINN | FXP | YINN | FXP | YINN |
| 1 month | +8.8% | −12.7% | +7.6% | −11.5% | +1.2 pts | −1.2 pts |
| 3 months | −10.8% | +14.2% | −12.8% | +19.2% | +2.0 pts | −5.0 pts |
| 6 months | +7.1% | −19.7% | +7.2% | −10.8% | −0.1 pts | −8.9 pts |
| 1 year | +37.1% | −52.5% | +31.5% | −47.3% | +5.6 pts | −5.2 pts |
| 3 years | −64.1% | −6.7% | −76.7% | +115.1% | +12.6 pts | −121.8 pts |
| Since launch FXP Jan 2010 · YINN Jan 2010 | −98.0% | −96.3% | −33.8% | +50.7% | −64.2 pts | −147.0 pts |
FXP and YINN over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
FXP and YINN on the same fields, as of Sep 30, 2026. Source: ETFIQ.
FXP in plain words
Three months to Sep 30, 2026: FXP returned −10.8% where its own daily promise gave −13.7%, 2.8 points over. Read the multiple against the whole window instead and −2 times FXI's 6.4% implies −12.8%, which makes FXP look 2.0 points over. 0.8 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 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.
YINN in plain words
Three months to Sep 30, 2026: YINN returned +14.2% where its own daily promise gave +17.9%, 3.7 points short. Read the multiple against the whole window instead and 3 times FXI's 6.4% implies +19.2%, which makes YINN look 5.0 points short. 1.4 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 30, 2026, FXP finished 2.0 points from what its multiple implies and YINN finished 5.0 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 17% annualized and YINN’s at 17%, 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.
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.
ETFIQ, FXP against YINN, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/fxp-vs-yinn
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, FXP against YINN, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/fxp-vs-yinn Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, FXP against YINN, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/fxp-vs-yinn
- APA
- ETFIQ. (Sep 30, 2026). FXP against YINN. Retrieved from https://etfiq.com/compare/leverage/fxp-vs-yinn
- Markdown
- [FXP against YINN (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/fxp-vs-yinn)