CNXT vs. YCS
Compare and contrast key facts about VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and ProShares UltraShort Yen (YCS).
CNXT and YCS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNXT is a passively managed fund by VanEck that tracks the performance of the SME-ChiNext 100 Index. It was launched on Jul 24, 2014. YCS is a passively managed fund by ProShares that tracks the performance of the USD/JPY Exchange Rate (-200%). It was launched on Nov 25, 2008. Both CNXT and YCS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CNXT vs. YCS - Performance Comparison
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CNXT vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 3.20% | 59.31% | 12.42% | -21.47% | -35.58% | 8.78% | 63.30% | 42.66% | -39.48% | 20.19% |
YCS ProShares UltraShort Yen | 4.36% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Returns By Period
In the year-to-date period, CNXT achieves a 3.20% return, which is significantly lower than YCS's 4.36% return. Over the past 10 years, CNXT has underperformed YCS with an annualized return of 3.87%, while YCS has yielded a comparatively higher 10.93% annualized return.
CNXT
- 1D
- -0.62%
- 1M
- -2.00%
- YTD
- 3.20%
- 6M
- 2.49%
- 1Y
- 65.33%
- 3Y*
- 12.24%
- 5Y*
- 1.47%
- 10Y*
- 3.87%
YCS
- 1D
- 0.26%
- 1M
- 2.19%
- YTD
- 4.36%
- 6M
- 20.43%
- 1Y
- 20.40%
- 3Y*
- 23.79%
- 5Y*
- 22.33%
- 10Y*
- 10.93%
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CNXT vs. YCS - Expense Ratio Comparison
CNXT has a 0.65% expense ratio, which is lower than YCS's 1.00% expense ratio.
Return for Risk
CNXT vs. YCS — Risk / Return Rank
CNXT
YCS
CNXT vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) 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.
| CNXT | YCS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 0.98 | +1.08 |
Sortino ratioReturn per unit of downside risk | 2.57 | 1.40 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 3.71 | 1.65 | +2.06 |
Martin ratioReturn relative to average drawdown | 13.62 | 4.48 | +9.14 |
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
| CNXT | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.98 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 1.07 | -1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.57 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.33 | -0.16 |
Correlation
The correlation between CNXT and YCS is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CNXT vs. YCS - Dividend Comparison
CNXT's dividend yield for the trailing twelve months is around 0.17%, while YCS has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.17% | 0.18% | 0.15% | 0.00% | 0.00% | 9.22% | 0.01% | 0.45% | 0.00% | 0.19% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNXT vs. YCS - Drawdown Comparison
The maximum CNXT drawdown since its inception was -68.98%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for CNXT and YCS.
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Drawdown Indicators
| CNXT | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.98% | -49.56% | -19.42% |
Max Drawdown (1Y)Largest decline over 1 year | -17.35% | -12.07% | -5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -61.21% | -27.32% | -33.89% |
Max Drawdown (10Y)Largest decline over 10 years | -63.30% | -27.32% | -35.98% |
Current DrawdownCurrent decline from peak | -24.37% | -1.61% | -22.76% |
Average DrawdownAverage peak-to-trough decline | -43.41% | -20.11% | -23.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 4.45% | +0.28% |
Volatility
CNXT vs. YCS - Volatility Comparison
VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) has a higher volatility of 7.46% compared to ProShares UltraShort Yen (YCS) at 4.81%. This indicates that CNXT'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
| CNXT | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.46% | 4.81% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 19.80% | 12.29% | +7.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.89% | 20.83% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.92% | 20.93% | +13.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.54% | 19.23% | +12.31% |