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 -11.29%/yr vs 23.52%/yr for YCS. At a correlation of -0.07, 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 -25.93% return, which is significantly lower than YCS's 9.63% return.
FDNI
- 1D
- -2.49%
- 1M
- -7.71%
- YTD
- -25.93%
- 6M
- -26.55%
- 1Y
- -23.20%
- 3Y*
- 4.77%
- 5Y*
- -11.29%
- 10Y*
- —
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%
FDNI vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | -25.93% | 25.64% | 22.46% | 1.78% | -38.38% | -20.59% | 85.27% | 38.38% | -8.39% |
YCS ProShares UltraShort Yen | 9.63% | 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 | -0.12 |
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 | -0.07 |
The correlation between FDNI and YCS shifts across timeframes, from -0.20 (1 year) to -0.07 (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 | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.34 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 3.78 | -4.43 |
| Martin ratioReturn relative to average drawdown | -1.24 | 11.93 | -13.17 |
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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 | -36.22% | -8.30% | -27.92% |
Max Drawdown (3Y)Largest decline over 3 years | -36.22% | -23.05% | -13.17% |
Max Drawdown (5Y)Largest decline over 5 years | -65.86% | -27.32% | -38.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -54.18% | -0.14% | -54.04% |
Average DrawdownAverage peak-to-trough decline | -34.65% | -19.87% | -14.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.78% | 2.65% | +16.13% |
Volatility
FDNI vs. YCS - Volatility Comparison
First Trust Dow Jones International Internet ETF (FDNI) has a higher volatility of 7.77% compared to ProShares UltraShort Yen (YCS) at 2.25%. 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 | 7.77% | 2.25% | +5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 19.38% | 12.19% | +7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.32% | 16.93% | +7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.70% | 21.10% | +15.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.51% | 18.82% | +15.69% |
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 1.51%, 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 | 1.51% | 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 (7.77%) compared to YCS (2.25%). In terms of maximum drawdown, FDNI dropped -71.08% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs -11.29% for FDNI. On fees, FDNI 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 23.52% return vs -11.29%. 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 1.51%, 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 (1.86 vs -0.96), 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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