ABLS vs. YCS

Last updated Jun 23, 2026

ABLS (Abacus FCF Small Cap Leaders ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - ABLS is a Small Cap Blend Equities fund tracking the Abacus FCF Small Cap Leaders Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past year, ABLS returned 9.52% vs 31.36% for YCS. At a 0.02 correlation, their price movements are largely independent. ABLS charges 0.39%/yr vs 1.00%/yr for YCS.

Performance

ABLS vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abacus FCF Small Cap Leaders ETF (ABLS) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABLS achieves a 11.02% return, which is significantly higher than YCS's 9.78% return.

ABLS

• 1D: 0.78%
• 1M: 7.96%
• YTD: 11.02%
• 6M: 7.56%
• 1Y: 9.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YCS

• 1D: 0.40%
• 1M: 3.71%
• YTD: 9.78%
• 6M: 9.63%
• 1Y: 31.36%
• 3Y*: 18.43%
• 5Y*: 23.50%
• 10Y*: 13.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABLS vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
ABLS Abacus FCF Small Cap Leaders ETF	11.02%	-8.72%
YCS ProShares UltraShort Yen	9.78%	13.06%

Correlation

The correlation between ABLS and YCS is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.02

The correlation between ABLS and YCS shifts across timeframes, from -0.17 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ABLS vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABLS

ABLS Risk / Return Rank: 16
ABLS Sharpe Ratio Rank: 17
ABLS Sortino Ratio Rank: 17
ABLS Omega Ratio Rank: 16
ABLS Calmar Ratio Rank: 15
ABLS Martin Ratio Rank: 16

YCS

YCS Risk / Return Rank: 61
YCS Sharpe Ratio Rank: 57
YCS Sortino Ratio Rank: 49
YCS Omega Ratio Rank: 57
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABLS vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abacus FCF Small Cap Leaders ETF (ABLS) and ProShares UltraShort Yen (YCS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ABLS	YCS	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.86	-1.32
Sortino ratio: Return per unit of downside risk	0.88	2.37	-1.48
Omega ratio: Gain probability vs. loss probability	1.10	1.35	-0.24
Calmar ratio: Return relative to maximum drawdown	0.59	3.79	-3.20
Martin ratio: Return relative to average drawdown	1.64	11.86	-10.22

ABLS vs. YCS - Sharpe Ratio Comparison

The current ABLS Sharpe Ratio is 0.54, which is lower than the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of ABLS and YCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABLS vs. YCS - Drawdown Comparison

The maximum ABLS drawdown since its inception was -19.28%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for ABLS and YCS.

Drawdown Indicators

	ABLS	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-19.28%	-49.56%	+30.28%
Max Drawdown (1Y) Largest decline over 1 year	-16.19%	-8.30%	-7.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.32%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.21%	-19.88%	+11.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	2.65%	+3.16%

Volatility

ABLS vs. YCS - Volatility Comparison

Abacus FCF Small Cap Leaders ETF (ABLS) has a higher volatility of 4.64% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that ABLS's price experiences larger fluctuations and is considered to be riskier than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABLS	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	2.22%	+2.42%
Volatility (6M) Calculated over the trailing 6-month period	13.12%	12.19%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.75%	16.96%	+0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	21.10%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	18.96%	+2.24%

ABLS vs. YCS - Expense Ratio Comparison

ABLS has a 0.39% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

ABLS vs. YCS - Dividend Comparison

ABLS's dividend yield for the trailing twelve months is around 12.66%, while YCS has not paid dividends to shareholders.

Position	TTM	2025
ABLS Abacus FCF Small Cap Leaders ETF	12.66%	14.04%
YCS ProShares UltraShort Yen	0.00%	0.00%

Frequently Asked Questions

Can I hold both ABLS and YCS in my portfolio?

ABLS and YCS have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABLS or YCS?

ABLS has higher volatility (4.64%) compared to YCS (2.22%). In terms of maximum drawdown, ABLS dropped -19.28% vs YCS's -49.56%.

Which ETF is better, ABLS or YCS?

On 1-year performance, YCS leads with 31.36% vs 9.52% for ABLS. On fees, ABLS is cheaper at 0.39% per year. On volatility, YCS has been the lower-risk option at 2.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ABLS or YCS?

Over the 1-year period, YCS has performed better with a 31.36% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ABLS or YCS?

ABLS is cheaper with a 0.39% expense ratio, compared with 1.00% for YCS.

Which ETF pays a higher dividend yield, ABLS or YCS?

ABLS has the higher dividend yield at 12.66%, compared with 0.00% for YCS.

What is the main difference between ABLS and YCS?

ABLS is categorized as Small Cap Blend Equities, while YCS is Leveraged Currency. ABLS tracks Abacus FCF Small Cap Leaders Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Abacus and ProShares. Their fees differ too: 0.39% for ABLS and 1.00% for YCS.

Which has better risk-adjusted returns?

YCS currently has the higher Sharpe Ratio (1.86 vs 0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.