CNXT vs. YCS
CNXT (VanEck ChiNext Innovators ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - CNXT is a China Equities fund tracking the ChiNext Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, CNXT returned 4.87%/yr vs 13.21%/yr for YCS. Their 0.00 correlation means their historical movements had little consistent relationship. CNXT charges 0.65%/yr vs 1.00%/yr for YCS.
Performance
CNXT vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CNXT achieves a 8.75% return, which is significantly higher than YCS's 4.11% return. Over the past 10 years, CNXT has underperformed YCS with an annualized return of 4.87%, while YCS has yielded a comparatively higher 13.21% annualized return.
CNXT
- 1D
- -0.48%
- 1M
- -16.02%
- 6M
- 4.07%
- YTD
- 8.75%
- 1Y
- 55.74%
- 3Y*
- 17.90%
- 5Y*
- -0.73%
- 10Y*
- 4.87%
- ALL TIME*
- 6.39%
YCS
- 1D
- -2.97%
- 1M
- -5.17%
- 6M
- 5.08%
- YTD
- 4.11%
- 1Y
- 21.34%
- 3Y*
- 16.96%
- 5Y*
- 22.90%
- 10Y*
- 13.21%
- ALL TIME*
- 6.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.48M | $5.02M | $7.74M | |
| $2.37M | $2.29M | $1.56M |
CNXT vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck ChiNext Innovators ETF | 8.75% | 59.31% | 12.42% | -21.47% | -35.58% | 8.78% | 63.30% | 42.66% | -39.48% | 20.19% |
YCS ProShares UltraShort Yen | 4.11% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between CNXT and YCS is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2014 | 0.00 |
The correlation between CNXT and YCS shifts across timeframes, from -0.11 (5 years) to 0.00 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 ChiNext Innovators 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.
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.
| CNXT | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.53 | -0.22 |
| Martin ratioReturn relative to average drawdown | 8.37 | 9.53 | -1.16 |
Loading charts...
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.
Loading charts...
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 | -24.23% | -8.48% | -15.75% |
Max Drawdown (3Y)Largest decline over 3 years | -48.60% | -23.05% | -25.55% |
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 | -23.73% | -8.48% | -15.25% |
Average DrawdownAverage peak-to-trough decline | -42.49% | -19.75% | -22.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 2.24% | +4.44% |
Volatility
CNXT vs. YCS - Volatility Comparison
VanEck ChiNext Innovators ETF (CNXT) has a higher volatility of 16.11% compared to ProShares UltraShort Yen (YCS) at 5.88%. 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.
Loading charts...
Volatility by Period
| CNXT | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 5.88% | +10.23% |
Volatility (6M)Calculated over the trailing 6-month period | 28.24% | 11.84% | +16.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.83% | 16.43% | +20.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.10% | 21.21% | +14.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.24% | 18.61% | +13.63% |
CNXT vs. YCS - Expense Ratio Comparison
CNXT has a 0.65% expense ratio, which is lower than YCS's 1.00% expense ratio.
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck ChiNext Innovators 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% |
Frequently Asked Questions
CNXT and YCS have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNXT has higher volatility (16.11%) compared to YCS (5.88%). In terms of maximum drawdown, CNXT dropped -68.98% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.21% vs 4.87% for CNXT. On fees, CNXT is cheaper at 0.65% per year. On volatility, YCS has been the lower-risk option at 5.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YCS has performed better with a 13.21% return vs 4.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CNXT is cheaper with a 0.65% expense ratio, compared with 1.00% for YCS.
CNXT has the higher dividend yield at 0.17%, compared with 0.00% for YCS.
CNXT is categorized as China Equities, while YCS is Leveraged Currency. CNXT tracks ChiNext Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: VanEck and ProShares. Their fees differ too: 0.65% for CNXT and 1.00% for YCS.
CNXT currently has the higher Sharpe Ratio (1.52 vs 1.31), 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.
Find the right allocation for CNXT and YCS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer