XPP vs YINN: which held to its multiple?
Over three months against its own daily promise, XPP finished 1.5 points short and YINN 3.7 points short. ProShares Ultra FTSE China 50 and Direxion Daily FTSE China Bull 3X ETF.
XPP returned +10.9% 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%
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 | XPP | YINN | XPP | YINN | XPP | YINN |
| 1 month | −8.2% | −12.7% | −7.6% | −11.5% | −0.5 pts | −1.2 pts |
| 3 months | +10.9% | +14.2% | +12.8% | +19.2% | −1.9 pts | −5.0 pts |
| 6 months | −11.2% | −19.7% | −7.2% | −10.8% | −4.0 pts | −8.9 pts |
| 1 year | −35.7% | −52.5% | −31.5% | −47.3% | −4.1 pts | −5.2 pts |
| 3 years | +24.4% | −6.7% | +76.7% | +115.1% | −52.3 pts | −121.8 pts |
| Since launch XPP Jan 2010 · YINN Jan 2010 | −69.8% | −96.3% | +33.8% | +50.7% | −103.6 pts | −147.0 pts |
XPP 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
XPP and YINN on the same fields, as of Sep 30, 2026. Source: ETFIQ.
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. 0.4 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 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, XPP or YINN?
- Over the window to Sep 30, 2026, XPP finished 1.9 points from what its multiple implies and YINN finished 5.0 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 17% annualized and YINN’s at 17%, 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.
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, XPP against YINN, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/xpp-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, XPP against YINN, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/xpp-vs-yinn Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, XPP against YINN, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/xpp-vs-yinn
- APA
- ETFIQ. (Sep 30, 2026). XPP against YINN. Retrieved from https://etfiq.com/compare/leverage/xpp-vs-yinn
- Markdown
- [XPP against YINN (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/xpp-vs-yinn)