XPP

ProShares Ultra FTSE China 50
*Unless otherwise stated, data provided by FactSet.

XPP Fund Description

XPP provides daily 2x exposure to a free-float-weighted index comprising 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange.

XPP Factset Analytics Insight

XPP is a leveraged play on Chinese large-caps, aiming for 2x the daily returns of the popular FTSE China 50 Index, which is also tracked by the huge iShares China Large-Cap ETF (FXI). The index targets the largest Chinese companies traded in Hong Kong, meaning XPP is mostly a bet on China's state-owned enterprises. Exposure to financials is particularly massive here. Since the fund rebalances its leverage on a daily basis, actual returns can significantly deviate from expected returns over the long term due to compounding effects, so XPP is meant as a short-term trading vehicle. That means its high fees, though standard for this space, are less of a concern than liquidity.

XPP Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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PERFORMANCE [as of 11/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
XPP 2.82% 16.34% 11.77% 8.23% 10.20% 1.00% -2.38%
XPP (NAV) 3.34% 16.50% 12.20% 8.99% 10.21% 1.05% -2.34%
FTSE China 50 Index-USD NET 1.12% 7.40% 7.20% 6.41% 8.25% 4.37% -2.34%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

XPP Summary Data

ProShares
06/04/09
Open-Ended Fund
0.95%
$33.06M
0.32%

XPP Portfolio Data

5.19%
12/24/19

XPP Index Data

Market Cap
Hong Kong-listed
N/A

XPP Fund Structure

Yes
No
No Policy
N/A
N/A
High
2
Daily

XPP Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

XPP Factset Analytics Block Liquidity

As of 11/12/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of XPP. XPP is rated a N/A out of 5.

XPP Tradability

7,708
$455.51K
4,922
$282.12K
0.32%
$0.19
0.00%
1.19% / -0.80%
None
0.00%
25,000
0.20
0.02%
--
333
$61.03
N/A