AFSC vs. YCS

Last updated Jun 23, 2026

AFSC (abrdn Focused U.S. Small Cap Active ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - AFSC is a Small Cap Blend Equities fund actively managed by Aberdeen, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). AFSC is actively managed, while YCS is passively managed. Over the past year, AFSC returned 38.50% vs 31.36% for YCS. At a 0.01 correlation, their price movements are largely independent. AFSC charges 0.65%/yr vs 1.00%/yr for YCS.

Performance

AFSC vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Focused U.S. Small Cap Active ETF (AFSC) 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, AFSC achieves a 26.03% return, which is significantly higher than YCS's 9.78% return.

AFSC

• 1D: 0.38%
• 1M: 8.13%
• YTD: 26.03%
• 6M: 20.70%
• 1Y: 38.50%
• 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)

AFSC vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
AFSC abrdn Focused U.S. Small Cap Active ETF	26.03%	2.33%
YCS ProShares UltraShort Yen	9.78%	12.56%

Correlation

The correlation between AFSC and YCS is -0.15, 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	-0.15
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025	0.01

The correlation between AFSC and YCS shifts across timeframes, from -0.15 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AFSC vs. YCS — Risk / Return Rank

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

AFSC

AFSC Risk / Return Rank: 67
AFSC Sharpe Ratio Rank: 64
AFSC Sortino Ratio Rank: 63
AFSC Omega Ratio Rank: 56
AFSC Calmar Ratio Rank: 76
AFSC Martin Ratio Rank: 77

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.

AFSC vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Focused U.S. Small Cap Active ETF (AFSC) 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.

	AFSC	YCS	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.86	+0.18
Sortino ratio: Return per unit of downside risk	2.84	2.37	+0.47
Omega ratio: Gain probability vs. loss probability	1.34	1.35	-0.01
Calmar ratio: Return relative to maximum drawdown	3.76	3.79	-0.03
Martin ratio: Return relative to average drawdown	14.29	11.86	+2.43

AFSC vs. YCS - Sharpe Ratio Comparison

The current AFSC Sharpe Ratio is 2.04, which is comparable to the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of AFSC 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

AFSC vs. YCS - Drawdown Comparison

The maximum AFSC drawdown since its inception was -21.93%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for AFSC and YCS.

Drawdown Indicators

	AFSC	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-21.93%	-49.56%	+27.63%
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	-8.30%	-1.99%
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	-4.13%	-19.88%	+15.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	2.65%	+0.05%

Volatility

AFSC vs. YCS - Volatility Comparison

abrdn Focused U.S. Small Cap Active ETF (AFSC) has a higher volatility of 5.19% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that AFSC'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

	AFSC	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	2.22%	+2.97%
Volatility (6M) Calculated over the trailing 6-month period	14.53%	12.19%	+2.34%
Volatility (1Y) Calculated over the trailing 1-year period	19.00%	16.96%	+2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.52%	21.10%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.52%	18.96%	+3.56%

AFSC vs. YCS - Expense Ratio Comparison

AFSC has a 0.65% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

AFSC vs. YCS - Dividend Comparison

AFSC's dividend yield for the trailing twelve months is around 0.06%, while YCS has not paid dividends to shareholders.

Position	TTM	2025
AFSC abrdn Focused U.S. Small Cap Active ETF	0.06%	0.08%
YCS ProShares UltraShort Yen	0.00%	0.00%

Frequently Asked Questions

Can I hold both AFSC and YCS in my portfolio?

AFSC and YCS have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFSC or YCS?

AFSC has higher volatility (5.19%) compared to YCS (2.22%). In terms of maximum drawdown, AFSC dropped -21.93% vs YCS's -49.56%.

Which ETF is better, AFSC or YCS?

On 1-year performance, AFSC leads with 38.50% vs 31.36% for YCS. On fees, AFSC is cheaper at 0.65% 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, AFSC or YCS?

Over the 1-year period, AFSC has performed better with a 38.50% return vs 31.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AFSC or YCS?

AFSC is cheaper with a 0.65% expense ratio, compared with 1.00% for YCS.

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

AFSC has the higher dividend yield at 0.06%, compared with 0.00% for YCS.

What is the main difference between AFSC and YCS?

AFSC is categorized as Small Cap Blend Equities, while YCS is Leveraged Currency. They also come from different issuers: Aberdeen and ProShares. Their fees differ too: 0.65% for AFSC and 1.00% for YCS.

Which has better risk-adjusted returns?

AFSC currently has the higher Sharpe Ratio (2.04 vs 1.86), 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.