# FXP (ProShares UltraShort FTSE China 50)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: FXP returned +2.8% where its own daily promise gave +0.6%, 2.2 points over.

## Key facts

- FXP, what FXI did: −1.5%, as of Sep 11, 2026.
- FXP, what −2 times a day gives: +0.6%, as of Sep 11, 2026.
- FXP, what the fund returned: +2.8%, as of Sep 11, 2026.
- FXP, the fund itself added: +2.2 pts, as of Sep 11, 2026.
- FXP, net assets: $6m (issuer page, as of Sep 11, 2026).
- FXP, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## FXP over each window to Sep 11, 2026

| Window | Fund | FXI | -2x the move | Difference | FXI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +5.3% | −2.1% | +4.2% | +1.1 pts | 15% |
| 3 months | +2.8% | −1.5% | +3.1% | −0.3 pts | 18% |
| 6 months | +7.5% | −4.1% | +8.2% | −0.7 pts | 20% |
| 1 year | +31.0% | −13.8% | +27.5% | +3.4 pts | 20% |
| 3 years | −63.1% | +36.3% | −72.7% | +9.6 pts | 27% |
| Since launch | −98.0% | +18.5% | −37.1% | −61.0 pts | 27% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of FXI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | FXI moved −1.5% over this window, too little to read a multiple from | ETFIQ |
| Underlying | FXI | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $6m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 18% annualized | ETFIQ |

## Questions

### Did FXP return -2 times FXI?

Over the window to Sep 11, 2026, FXI moved −1.5% and FXP returned +2.8%. 2 times that move is +3.1%, so the fund came out 0.3 points short of it.

### Why does FXP not return -2 times over a year?

Because it resets daily. FXP aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, FXP, data as of Sep 11, 2026. https://etfiq.com/funds/FXP
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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