EFNL vs. YCS
EFNL (iShares MSCI Finland ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EFNL is a Europe Equities fund tracking the MSCI Finland IMI 25/50 Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, EFNL returned 10.11%/yr vs 13.62%/yr for YCS. At a 0.03 correlation, their price movements are largely independent. EFNL charges 0.53%/yr vs 1.00%/yr for YCS.
Performance
EFNL vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, EFNL achieves a 11.71% return, which is significantly higher than YCS's 9.63% return. Over the past 10 years, EFNL has underperformed YCS with an annualized return of 10.11%, while YCS has yielded a comparatively higher 13.62% annualized return.
EFNL
- 1D
- -2.56%
- 1M
- -5.85%
- YTD
- 11.71%
- 6M
- 12.28%
- 1Y
- 34.67%
- 3Y*
- 19.81%
- 5Y*
- 5.46%
- 10Y*
- 10.11%
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%
EFNL vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFNL iShares MSCI Finland ETF | 11.71% | 53.59% | -5.28% | -0.12% | -17.29% | 10.50% | 20.19% | 13.64% | -6.86% | 23.77% |
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 EFNL and YCS is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012 | 0.03 |
The correlation between EFNL and YCS shifts across timeframes, from -0.38 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EFNL vs. YCS — Risk / Return Rank
EFNL
YCS
EFNL vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Finland ETF (EFNL) 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.
| EFNL | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 3.78 | +0.37 |
| Martin ratioReturn relative to average drawdown | 13.42 | 11.93 | +1.50 |
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Drawdowns
EFNL vs. YCS - Drawdown Comparison
The maximum EFNL drawdown since its inception was -38.70%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EFNL and YCS.
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Drawdown Indicators
| EFNL | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -49.56% | +10.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -8.30% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | -23.05% | +7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -38.70% | -27.32% | -11.38% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | -27.32% | -11.38% |
Current DrawdownCurrent decline from peak | -8.22% | -0.14% | -8.08% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -19.87% | +8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.65% | -0.06% |
Volatility
EFNL vs. YCS - Volatility Comparison
iShares MSCI Finland ETF (EFNL) has a higher volatility of 8.82% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that EFNL'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
| EFNL | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 2.25% | +6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 15.81% | 12.19% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 16.93% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 21.10% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 18.82% | +1.11% |
EFNL vs. YCS - Expense Ratio Comparison
EFNL has a 0.53% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
EFNL vs. YCS - Dividend Comparison
EFNL's dividend yield for the trailing twelve months is around 1.02%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFNL iShares MSCI Finland ETF | 1.02% | 3.40% | 5.05% | 4.31% | 5.94% | 2.29% | 2.94% | 5.70% | 3.83% | 3.30% | 2.40% | 1.57% |
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% | 0.00% |
Frequently Asked Questions
EFNL and YCS have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFNL has higher volatility (8.82%) compared to YCS (2.25%). In terms of maximum drawdown, EFNL dropped -38.70% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.62% vs 10.11% for EFNL. On fees, EFNL is cheaper at 0.53% per year. On volatility, YCS has been the lower-risk option at 2.25%. 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 13.62% return vs 10.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EFNL is cheaper with a 0.53% expense ratio, compared with 1.00% for YCS.
EFNL has the higher dividend yield at 1.02%, compared with 0.00% for YCS.
EFNL is categorized as Europe Equities, while YCS is Leveraged Currency. EFNL tracks MSCI Finland IMI 25/50 Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.53% for EFNL and 1.00% for YCS.
EFNL currently has the higher Sharpe Ratio (1.86 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.
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