YXIProShares Short FTSE China 50
YXI Fund Description
YXI provides inverse exposure to a market-cap-weighted index comprising 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange.
YXI Factset Analytics Insight
YXI provides daily inverse (-1x) exposure to the FTSE China 50 Index. It’s the less-leveraged, less popular and less liquid brother of FXP, which tracks the same index but with a -2x leverage factor. YXI charges 95 bps and gains its exposure by holding swaps on the iShares FTSE China Large-Cap ETF (FXI). The underlying index is heavily exposed to financials, energy and telecom companies, making the fund somewhat of a bet against these sectors that are dominated by state-owned enterprises. Despite tracking the same index as FXP, YXI is far less popular and liquid. YXI trades poorly, with less than $100K in median daily volume and 45 bps in average spreads. Competitor FXP trades much better. In short, if you’re seeking inverse exposure to China, YXI might not be your best bet.
YXI CHARTS AND PERFORMANCE
YXI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of YXI. YXI is rated a 5 out of 5.