# FXP (ProShares UltraShort FTSE China 50)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: FXP returned −10.8% where its own daily promise gave −13.7%, 2.8 points over.

## Key facts

- FXP, what FXI did: +6.4%, as of Sep 30, 2026.
- FXP, what −2 times a day gives: −13.7%, as of Sep 30, 2026.
- FXP, what the fund returned: −10.8%, as of Sep 30, 2026.
- FXP, the fund itself added: +2.8 pts, as of Sep 30, 2026.
- FXP, net assets: $6m (issuer page, as of Sep 30, 2026).
- FXP, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## FXP over each window to Sep 30, 2026

| Window | Fund | FXI | -2x the move | Difference | FXI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +8.8% | −3.8% | +7.6% | +1.2 pts | 17% |
| 3 months | −10.8% | +6.4% | −12.8% | +2.0 pts | 17% |
| 6 months | +7.1% | −3.6% | +7.2% | −0.1 pts | 18% |
| 1 year | +37.1% | −15.8% | +31.5% | +5.6 pts | 20% |
| 3 years | −64.1% | +38.4% | −76.7% | +12.6 pts | 27% |
| Since launch | −98.0% | +16.9% | −33.8% | −64.2 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 | -1.69 times, against -2 stated | ETFIQ |
| Underlying | FXI | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $6m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 17% annualized | ETFIQ |

## Questions

### Did FXP return -2 times FXI?

Over the window to Sep 30, 2026, FXI moved +6.4% and FXP returned −10.8%. −2 times that move is −12.8%, so the fund came out 2.0 points ahead 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 30, 2026. https://etfiq.com/funds/fxp
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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