FCTR vs. YCS
FCTR (First Trust Lunt U.S. Factor Rotation ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - FCTR is a Large Cap Growth Equities fund tracking the Lunt Capital Large Cap Factor Rotation Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, FCTR returned 3.73%/yr vs 23.65%/yr for YCS. At a 0.04 correlation, their price movements are largely independent. FCTR charges 0.65%/yr vs 1.00%/yr for YCS.
Performance
FCTR vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, FCTR achieves a 12.71% return, which is significantly higher than YCS's 10.06% return.
FCTR
- 1D
- 0.00%
- 1M
- 2.53%
- YTD
- 12.71%
- 6M
- 10.54%
- 1Y
- 20.02%
- 3Y*
- 17.59%
- 5Y*
- 3.73%
- 10Y*
- —
YCS
- 1D
- 0.39%
- 1M
- 3.97%
- YTD
- 10.06%
- 6M
- 11.27%
- 1Y
- 34.18%
- 3Y*
- 18.53%
- 5Y*
- 23.65%
- 10Y*
- 13.66%
FCTR vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCTR First Trust Lunt U.S. Factor Rotation ETF | 12.71% | 8.63% | 19.54% | 0.71% | -20.42% | 21.13% | 30.17% | 30.91% | -12.50% |
YCS ProShares UltraShort Yen | 10.06% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -0.19% |
Correlation
The correlation between FCTR and YCS is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | 0.04 |
The correlation between FCTR and YCS shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FCTR vs. YCS — Risk / Return Rank
FCTR
YCS
FCTR vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Lunt U.S. Factor Rotation ETF (FCTR) 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.
| FCTR | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.38 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 4.14 | -2.34 |
| Martin ratioReturn relative to average drawdown | 6.47 | 13.04 | -6.57 |
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Drawdowns
FCTR vs. YCS - Drawdown Comparison
The maximum FCTR drawdown since its inception was -37.10%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for FCTR and YCS.
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Drawdown Indicators
| FCTR | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.10% | -49.56% | +12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -8.30% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -22.63% | -23.05% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -37.10% | -27.32% | -9.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -2.88% | 0.00% | -2.88% |
Average DrawdownAverage peak-to-trough decline | -10.34% | -19.87% | +9.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.63% | +0.47% |
Volatility
FCTR vs. YCS - Volatility Comparison
First Trust Lunt U.S. Factor Rotation ETF (FCTR) has a higher volatility of 6.86% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that FCTR'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
| FCTR | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 2.25% | +4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.51% | 11.91% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 16.93% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 21.10% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 18.82% | +3.14% |
FCTR vs. YCS - Expense Ratio Comparison
FCTR has a 0.65% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
FCTR vs. YCS - Dividend Comparison
FCTR's dividend yield for the trailing twelve months is around 0.36%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCTR First Trust Lunt U.S. Factor Rotation ETF | 0.36% | 0.30% | 0.82% | 1.04% | 1.38% | 0.46% | 0.44% | 0.98% | 0.66% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCTR 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.
FCTR has higher volatility (6.86%) compared to YCS (2.25%). In terms of maximum drawdown, FCTR dropped -37.10% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.65% vs 3.73% for FCTR. On fees, FCTR is cheaper at 0.65% 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 5-year period, YCS has performed better with a 23.65% return vs 3.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FCTR is cheaper with a 0.65% expense ratio, compared with 1.00% for YCS.
FCTR has the higher dividend yield at 0.36%, compared with 0.00% for YCS.
FCTR is categorized as Large Cap Growth Equities, while YCS is Leveraged Currency. FCTR tracks Lunt Capital Large Cap Factor Rotation Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.65% for FCTR and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (2.04 vs 1.10), 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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