FEDM vs. YCS
FEDM (FlexShares ESG & Climate Developed Markets ex-US Core Index Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - FEDM is a Foreign Large Cap Equities fund tracking the Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 3 years, FEDM returned 15.57%/yr vs 16.96%/yr for YCS. Their -0.23 correlation means they have often moved in opposite directions in the past. FEDM charges 0.12%/yr vs 1.00%/yr for YCS.
Performance
FEDM vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, FEDM achieves a 11.29% return, which is significantly higher than YCS's 4.11% return.
FEDM
- 1D
- 0.22%
- 1M
- 3.09%
- 6M
- 6.36%
- YTD
- 11.29%
- 1Y
- 23.54%
- 3Y*
- 15.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.18%
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) |
|---|---|---|---|
| $59.63K | $72.04K | $75.32K | |
| $2.37M | $2.29M | $1.56M |
FEDM vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 11.29% | 26.85% | 2.85% | 17.39% | -15.25% | 1.50% |
YCS ProShares UltraShort Yen | 4.11% | 9.04% | 35.41% | 28.70% | 29.09% | 10.14% |
Correlation
The correlation between FEDM and YCS is -0.30, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | -0.23 |
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Return for Risk
FEDM vs. YCS — Risk / Return Rank
FEDM
YCS
FEDM vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) 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.
| FEDM | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.53 | -0.54 |
| Martin ratioReturn relative to average drawdown | 7.24 | 9.53 | -2.29 |
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Drawdowns
FEDM vs. YCS - Drawdown Comparison
The maximum FEDM drawdown since its inception was -29.37%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for FEDM and YCS.
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Drawdown Indicators
| FEDM | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.37% | -49.56% | +20.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -8.48% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.24% | -23.05% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -0.63% | -8.48% | +7.85% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -19.75% | +12.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.24% | +1.02% |
Volatility
FEDM vs. YCS - Volatility Comparison
The current volatility for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is 4.08%, while ProShares UltraShort Yen (YCS) has a volatility of 5.88%. This indicates that FEDM experiences smaller price fluctuations and is considered to be less risky 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
| FEDM | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 5.88% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 11.84% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 16.43% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.41% | 21.21% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 18.61% | -2.20% |
FEDM vs. YCS - Expense Ratio Comparison
FEDM has a 0.12% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
FEDM vs. YCS - Dividend Comparison
FEDM's dividend yield for the trailing twelve months is around 2.87%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 2.87% | 2.97% | 2.94% | 2.61% | 2.53% | 0.62% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEDM and YCS have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (5.88%) compared to FEDM (4.08%). In terms of maximum drawdown, FEDM dropped -29.37% vs YCS's -49.56%.
On 3-year performance, YCS leads with 16.96% vs 15.57% for FEDM. On fees, FEDM is cheaper at 0.12% per year. On volatility, FEDM has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YCS has performed better with a 16.96% return vs 15.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEDM is cheaper with a 0.12% expense ratio, compared with 1.00% for YCS.
FEDM has the higher dividend yield at 2.87%, compared with 0.00% for YCS.
FEDM is categorized as Foreign Large Cap Equities, while YCS is Leveraged Currency. FEDM tracks Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: FlexShares and ProShares. Their fees differ too: 0.12% for FEDM and 1.00% for YCS.
FEDM currently has the higher Sharpe Ratio (1.43 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.
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