BNDC vs. YCS
BNDC (FlexShares Core Select Bond Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - BNDC is a Intermediate Core Bond fund actively managed by Northern Trust, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). BNDC is actively managed, while YCS is passively managed. Over the past 5 years, BNDC returned -0.30%/yr vs 23.52%/yr for YCS. At a correlation of -0.41, they often move in opposite directions. BNDC charges 0.35%/yr vs 1.00%/yr for YCS.
Performance
BNDC vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, BNDC achieves a 0.15% return, which is significantly lower than YCS's 9.63% return.
BNDC
- 1D
- 0.11%
- 1M
- 0.68%
- YTD
- 0.15%
- 6M
- 0.20%
- 1Y
- 3.93%
- 3Y*
- 3.72%
- 5Y*
- -0.30%
- 10Y*
- —
YCS
- 1D
- -0.14%
- 1M
- 3.57%
- YTD
- 9.63%
- 6M
- 10.44%
- 1Y
- 31.27%
- 3Y*
- 18.37%
- 5Y*
- 23.52%
- 10Y*
- 13.62%
BNDC vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNDC FlexShares Core Select Bond Fund | 0.15% | 7.29% | 0.86% | 5.36% | -13.54% | -2.01% | 8.66% | 9.57% | -1.49% | 3.97% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between BNDC and YCS is -0.50, 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 | -0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2016 | -0.41 |
The correlation between BNDC and YCS shifts across timeframes, from -0.51 (5 years) to -0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BNDC vs. YCS — Risk / Return Rank
BNDC
YCS
BNDC vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Core Select Bond Fund (BNDC) 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.
| BNDC | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 3.78 | -2.41 |
| Martin ratioReturn relative to average drawdown | 3.79 | 11.93 | -8.14 |
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Drawdowns
BNDC vs. YCS - Drawdown Comparison
The maximum BNDC drawdown since its inception was -18.80%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for BNDC and YCS.
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Drawdown Indicators
| BNDC | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -49.56% | +30.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -8.30% | +5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -6.30% | -23.05% | +16.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -27.32% | +8.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -3.27% | -0.14% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -19.87% | +12.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.65% | -1.61% |
Volatility
BNDC vs. YCS - Volatility Comparison
The current volatility for FlexShares Core Select Bond Fund (BNDC) is 1.02%, while ProShares UltraShort Yen (YCS) has a volatility of 2.25%. This indicates that BNDC experiences smaller price fluctuations and is considered to be less risky than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDC | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 2.25% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 12.19% | -9.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 16.93% | -13.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 21.10% | -15.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 18.82% | -10.78% |
BNDC vs. YCS - Expense Ratio Comparison
BNDC has a 0.35% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
BNDC vs. YCS - Dividend Comparison
BNDC's dividend yield for the trailing twelve months is around 4.14%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BNDC FlexShares Core Select Bond Fund | 4.14% | 4.16% | 3.81% | 3.19% | 2.64% | 1.72% | 2.61% | 2.89% | 2.86% | 2.50% | 0.64% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BNDC and YCS have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (2.25%) compared to BNDC (1.02%). In terms of maximum drawdown, BNDC dropped -18.80% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs -0.30% for BNDC. On fees, BNDC is cheaper at 0.35% per year. On volatility, BNDC has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YCS has performed better with a 23.52% return vs -0.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDC is cheaper with a 0.35% expense ratio, compared with 1.00% for YCS.
BNDC has the higher dividend yield at 4.14%, compared with 0.00% for YCS.
BNDC is categorized as Intermediate Core Bond, while YCS is Leveraged Currency. They also come from different issuers: Northern Trust and ProShares. Their fees differ too: 0.35% for BNDC and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs 1.03), 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.
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