CEFA vs. YCS
CEFA (Global X S&P Catholic Values Developed ex-U.S. ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - CEFA is a Foreign Large Cap Equities fund tracking the S&P Developed ex-U.S. Catholic Values Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, CEFA returned 6.64%/yr vs 23.54%/yr for YCS. At a correlation of -0.22, they often move in opposite directions. CEFA charges 0.35%/yr vs 1.00%/yr for YCS.
Performance
CEFA vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, CEFA achieves a 7.81% return, which is significantly higher than YCS's 7.17% return.
CEFA
- 1D
- -0.77%
- 1M
- 3.62%
- YTD
- 7.81%
- 6M
- 9.59%
- 1Y
- 20.44%
- 3Y*
- 15.15%
- 5Y*
- 6.64%
- 10Y*
- —
YCS
- 1D
- 0.17%
- 1M
- 4.42%
- YTD
- 7.17%
- 6M
- 10.05%
- 1Y
- 32.82%
- 3Y*
- 19.84%
- 5Y*
- 23.54%
- 10Y*
- 12.34%
CEFA vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF | 7.81% | 26.46% | 5.03% | 17.40% | -16.66% | 7.97% | 21.61% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -7.46% |
Correlation
The correlation between CEFA and YCS is -0.44, 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 | -0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020 | -0.22 |
Over the past year, the inverse relationship between CEFA and YCS has strengthened: their correlation has moved from -0.22 to -0.44, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
CEFA vs. YCS — Risk / Return Rank
CEFA
YCS
CEFA vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) 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.
| CEFA | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 3.97 | -2.19 |
| Martin ratioReturn relative to average drawdown | 6.54 | 12.40 | -5.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEFA | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.92 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 1.12 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.33 | +0.30 |
Drawdowns
CEFA vs. YCS - Drawdown Comparison
The maximum CEFA drawdown since its inception was -31.97%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for CEFA and YCS.
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Drawdown Indicators
| CEFA | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -49.56% | +17.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -8.30% | -3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -23.05% | +7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | -27.32% | -4.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -1.47% | 0.00% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -19.93% | +12.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.66% | +0.47% |
Volatility
CEFA vs. YCS - Volatility Comparison
Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) has a higher volatility of 5.01% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that CEFA'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.
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Volatility by Period
| CEFA | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 2.75% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 12.32% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 17.27% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.61% | 21.10% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.21% | 19.01% | -1.80% |
CEFA vs. YCS - Expense Ratio Comparison
CEFA has a 0.35% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
CEFA vs. YCS - Dividend Comparison
CEFA's dividend yield for the trailing twelve months is around 2.65%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF | 2.65% | 2.86% | 3.26% | 2.35% | 2.35% | 3.49% | 0.84% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CEFA and YCS have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEFA has higher volatility (5.01%) compared to YCS (2.75%). In terms of maximum drawdown, CEFA dropped -31.97% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.54% vs 6.64% for CEFA. On fees, CEFA is cheaper at 0.35% per year. On volatility, YCS has been the lower-risk option at 2.75%. 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 23.54% return vs 6.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CEFA is cheaper with a 0.35% expense ratio, compared with 1.00% for YCS.
CEFA has the higher dividend yield at 2.65%, compared with 0.00% for YCS.
CEFA is categorized as Foreign Large Cap Equities, while YCS is Leveraged Currency. CEFA tracks S&P Developed ex-U.S. Catholic Values Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Global X and ProShares. Their fees differ too: 0.35% for CEFA and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.92 vs 1.34), 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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