STAX vs FXP
Comparison between MACQUARIE TAX-FREE USA SHORT TERM ETF (STAX, ETF) and ProShares UltraShort FTSE China 50 -2x Shares (FXP, ETF).
STAX vs FXP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
STAX
$6.30M
FXP
$6.30M
Expense Ratio
STAX
0.29%
FXP
N/A
Max Drawdown
Winner
STAX
2.09%
FXP
99.95%
Sharpe Ratio
Winner
STAX
0.33
FXP
0.20
5Y Beta
STAX
0.00
Winner
FXP
-1.39
5Y Dividends CAGR
STAX
N/A
FXP
113.86%
STAX vs FXP - Historical Returns
Returns include dividend reinvestment.
1M
STAX
+0.58%
Winner
FXP
+10.53%
3M
STAX
+0.49%
Winner
FXP
+4.31%
6M
STAX
+1.63%
Winner
FXP
+18.07%
1Y
Winner
STAX
+4.12%
FXP
+3.78%
5Y(CAGR)
STAX
N/A
FXP
-16.63%
10Y(CAGR)
STAX
N/A
FXP
-23.27%
Max(CAGR)
Winner
STAX
+3.78%
FXP
-28.52%
STAX vs FXP - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | STAX | FXP |
|---|---|---|
| 2026 | +1.32% | +25.20% |
| 2025 | +4.06% | -47.40% |
| 2024 | +2.58% | -55.34% |
| 2023 | +1.45% | +21.39% |
| 2022 | N/A | -11.90% |
| 2021 | N/A | +22.73% |
| 2020 | N/A | -35.99% |
| 2019 | N/A | -30.31% |
| 2018 | N/A | +20.64% |
| 2017 | N/A | -48.45% |
| 2016 | N/A | -23.92% |
| 2015 | N/A | -0.52% |
| 2014 | N/A | -35.05% |
| 2013 | N/A | -6.77% |
| 2012 | N/A | -38.25% |
| 2011 | N/A | +4.01% |
| 2010 | N/A | -24.99% |
| 2009 | N/A | -72.69% |
| 2008 | N/A | -54.86% |
| 2007 | N/A | -2.90% |
STAX vs FXP Drawdown Comparison
The maximum drawdown for STAX was -1.42%, occurring on Apr 11, 2025. Recovery took 42 trading sessions.
The maximum drawdown for FXP was -99.94%, occurring on Oct 2, 2025. This drawdown has not yet recovered.
The current FXP drawdown is -99.92%.
| Rank | STAX | FXP |
|---|---|---|
| #1 | -1.42% Apr 4, 2025 - Jun 5, 2025 | -99.94% Oct 27, 2008 - Oct 2, 2025 |
| #2 | -1.05% Feb 27, 2026 - Jun 11, 2026 | -48.23% Mar 19, 2008 - Sep 15, 2008 |
| #3 | -0.86% Mar 20, 2024 - Jun 14, 2024 | -45.03% Oct 9, 2008 - Oct 27, 2008 |
| #4 | -0.65% Sep 27, 2024 - Nov 25, 2024 | -42.71% Sep 17, 2008 - Oct 9, 2008 |
| #5 | -0.55% Dec 6, 2024 - Jan 27, 2025 | -33.23% Nov 12, 2007 - Jan 17, 2008 |
| #6 | -0.55% Dec 27, 2023 - Feb 1, 2024 | -21.02% Feb 6, 2008 - Mar 10, 2008 |
| #7 | -0.51% Feb 28, 2025 - Apr 3, 2025 | -19.18% Mar 10, 2008 - Mar 14, 2008 |
| #8 | -0.44% Feb 1, 2024 - Mar 5, 2024 | -14.43% Jan 30, 2008 - Feb 6, 2008 |
| #9 | -0.42% Sep 16, 2025 - Dec 18, 2025 | -10.30% Mar 17, 2008 - Mar 19, 2008 |
| #10 | -0.18% Feb 10, 2025 - Feb 21, 2025 | -9.19% Jan 17, 2008 - Jan 22, 2008 |
| #11 | -0.17% Jun 25, 2024 - Jul 3, 2024 | -6.67% Jan 22, 2008 - Jan 30, 2008 |
| #12 | -0.15% Aug 2, 2024 - Aug 14, 2024 | -3.14% Sep 15, 2008 - Sep 17, 2008 |
| #13 | -0.13% Mar 13, 2024 - Mar 20, 2024 | N/A |
| #14 | -0.08% Aug 14, 2024 - Aug 20, 2024 | N/A |
| #15 | -0.08% Aug 29, 2025 - Sep 4, 2025 | N/A |
Correlation
Correlation between STAX and FXP is -0.88 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.88
-101
Dividend Comparison (2007 - 2026)
STAX vs FXP dividend yield comparison.
| Year | STAX | FXP |
|---|---|---|
| 2026 | 1.34% | 0.47% |
| 2025 | 3.16% | 9.57% |
| 2024 | 3.43% | 3.55% |
| 2023 | 0.00% | 2.20% |
| 2022 | 0.00% | 0.06% |
| 2020 | 0.00% | 0.06% |
| 2019 | 0.00% | 1.20% |
| 2018 | 0.00% | 0.16% |
| 2008 | 0.00% | 2.18% |
| 2007 | 0.00% | 0.43% |
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