FXP vs VYM
ProShares Ultrashort FTSE China 50 vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | FXP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.04% | |
| AUM | $6M | $81.6B | |
| Dividend Yield | 3.41% | 2.24% | |
| Holdings | 6 | 616 | |
| YTD Return | +22.24% | +14.84% | |
| 1Y Return | +11.38% | +20.88% | |
| 3Y Return (annualized) | -28.42% | +18.34% | |
| 5Y Return (annualized) | -20.50% | +12.04% | |
| Volatility (annualized) | 48.2% | 14.6% | |
| Max Drawdown | -99.9% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2007 | Nov 10, 2006 |
FXP vs VYM Performance
ProShares Ultrashort FTSE China 50 (FXP) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FXP returned +11.38% while VYM returned +20.88%. Year to date, FXP is up 22.24% versus a gain of 14.84% for VYM.
Over three years, FXP compounded at -28.42% per year against +18.34% for VYM; over five years the annualized figures are -20.50% and +12.04% respectively. Across the full 19-year window we track, VYM has the edge at +7.01% annualized vs -28.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXP has been the more volatile fund, with annualized monthly volatility of 48.2% compared with 14.6% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -99.9% for FXP and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FXP charges 0.95% per year while VYM charges 0.04%. On a $10,000 position that is $95 vs $4 annually, a gap of $91 per year that compounds over a long holding period. On income, FXP currently yields 3.41% against 2.24% for VYM.
Frequently Asked Questions
Which is cheaper, FXP or VYM?
FXP has an expense ratio of 0.95% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, FXP or VYM?
Over the past year FXP returned +11.38% vs +20.88% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (19 years), FXP annualized -28.45% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, FXP or VYM?
FXP has been the more volatile fund at 48.2% annualized versus 14.6% for VYM. Worst drawdown: FXP -99.9% vs VYM -58.8%.
Should I hold both FXP and VYM?
FXP and VYM have a monthly-return correlation of -0.37, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FXP or VYM?
FXP yields 3.41% while VYM yields 2.24%, so FXP currently pays the higher dividend yield.
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