FDNI vs. YCS
FDNI (First Trust Dow Jones International Internet ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - FDNI is a Large Cap Growth Equities fund tracking the Dow Jones International Internet Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, FDNI returned -8.90%/yr vs 24.30%/yr for YCS. At a correlation of -0.06, they often move in opposite directions. FDNI charges 0.65%/yr vs 1.00%/yr for YCS.
Performance
FDNI vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, FDNI achieves a -19.13% return, which is significantly lower than YCS's 11.45% return.
FDNI
- 1D
- -0.09%
- 1M
- 3.22%
- 6M
- -21.17%
- YTD
- -19.13%
- 1Y
- -17.73%
- 3Y*
- 4.82%
- 5Y*
- -8.90%
- 10Y*
- —
YCS
- 1D
- 0.42%
- 1M
- 3.09%
- 6M
- 8.08%
- YTD
- 11.45%
- 1Y
- 29.82%
- 3Y*
- 21.64%
- 5Y*
- 24.30%
- 10Y*
- 12.99%
FDNI vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | -19.13% | 25.64% | 22.46% | 1.78% | -38.38% | -20.59% | 85.27% | 38.38% | -8.39% |
YCS ProShares UltraShort Yen | 11.45% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -5.83% |
Correlation
The correlation between FDNI and YCS is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2018 | -0.06 |
The correlation between FDNI and YCS shifts across timeframes, from -0.20 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDNI vs. YCS — Risk / Return Rank
FDNI
YCS
FDNI vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet ETF (FDNI) 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.
| FDNI | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.35 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 3.61 | -4.08 |
| Martin ratioReturn relative to average drawdown | -0.86 | 11.41 | -12.27 |
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Drawdowns
FDNI vs. YCS - Drawdown Comparison
The maximum FDNI drawdown since its inception was -71.08%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for FDNI and YCS.
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Drawdown Indicators
| FDNI | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.08% | -49.56% | -21.52% |
Max Drawdown (1Y)Largest decline over 1 year | -37.42% | -8.30% | -29.12% |
Max Drawdown (3Y)Largest decline over 3 years | -37.42% | -23.05% | -14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -64.26% | -27.32% | -36.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -49.98% | 0.00% | -49.98% |
Average DrawdownAverage peak-to-trough decline | -34.79% | -19.80% | -14.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.59% | 2.62% | +17.97% |
Volatility
FDNI vs. YCS - Volatility Comparison
First Trust Dow Jones International Internet ETF (FDNI) has a higher volatility of 6.71% compared to ProShares UltraShort Yen (YCS) at 2.47%. This indicates that FDNI'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
| FDNI | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 2.47% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 19.35% | 11.85% | +7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.56% | 16.54% | +8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.71% | 21.09% | +15.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.42% | 18.70% | +15.72% |
FDNI vs. YCS - Expense Ratio Comparison
FDNI has a 0.65% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
FDNI vs. YCS - Dividend Comparison
FDNI's dividend yield for the trailing twelve months is around 1.38%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | 1.38% | 1.12% | 1.07% | 0.40% | 0.00% | 0.00% | 0.16% | 3.12% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDNI and YCS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDNI has higher volatility (6.71%) compared to YCS (2.47%). In terms of maximum drawdown, FDNI dropped -71.08% vs YCS's -49.56%.
On 5-year performance, YCS leads with 24.30% vs -8.90% for FDNI. On fees, FDNI is cheaper at 0.65% per year. On volatility, YCS has been the lower-risk option at 2.47%. 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 24.30% return vs -8.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDNI is cheaper with a 0.65% expense ratio, compared with 1.00% for YCS.
FDNI has the higher dividend yield at 1.38%, compared with 0.00% for YCS.
FDNI is categorized as Large Cap Growth Equities, while YCS is Leveraged Currency. FDNI tracks Dow Jones International Internet 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 FDNI and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.82 vs -0.72), 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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