FLGR vs. YCS
FLGR (Franklin FTSE Germany ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - FLGR is a Europe Equities fund tracking the FTSE Germany RIC Capped Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, FLGR returned 6.63%/yr vs 24.01%/yr for YCS. At a correlation of -0.08, they often move in opposite directions. FLGR charges 0.09%/yr vs 1.00%/yr for YCS.
Performance
FLGR vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, FLGR achieves a -0.66% return, which is significantly lower than YCS's 10.29% return.
FLGR
- 1D
- -0.19%
- 1M
- -0.17%
- 6M
- -2.82%
- YTD
- -0.66%
- 1Y
- -0.72%
- 3Y*
- 16.66%
- 5Y*
- 6.63%
- 10Y*
- —
YCS
- 1D
- -0.78%
- 1M
- 2.50%
- 6M
- 8.31%
- YTD
- 10.29%
- 1Y
- 29.06%
- 3Y*
- 20.30%
- 5Y*
- 24.01%
- 10Y*
- 13.13%
FLGR vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLGR Franklin FTSE Germany ETF | -0.66% | 36.67% | 10.63% | 24.22% | -21.96% | 5.40% | 12.11% | 19.99% | -21.50% | -0.16% |
YCS ProShares UltraShort Yen | 10.29% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -1.94% |
Correlation
The correlation between FLGR and YCS is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | -0.08 |
Over the past year, the inverse relationship between FLGR and YCS has strengthened: their correlation has moved from -0.08 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
FLGR vs. YCS — Risk / Return Rank
FLGR
YCS
FLGR vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Germany ETF (FLGR) 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.
| FLGR | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 3.76 | -3.88 |
| Martin ratioReturn relative to average drawdown | -0.34 | 11.88 | -12.22 |
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Drawdowns
FLGR vs. YCS - Drawdown Comparison
The maximum FLGR drawdown since its inception was -46.21%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for FLGR and YCS.
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Drawdown Indicators
| FLGR | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.21% | -49.56% | +3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -8.30% | -6.14% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -23.05% | +7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -42.69% | -27.32% | -15.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -5.31% | -1.01% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -12.28% | -19.82% | +7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 2.62% | +2.53% |
Volatility
FLGR vs. YCS - Volatility Comparison
Franklin FTSE Germany ETF (FLGR) has a higher volatility of 5.69% compared to ProShares UltraShort Yen (YCS) at 3.05%. This indicates that FLGR'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
| FLGR | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 3.05% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.04% | 11.94% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 16.66% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 21.09% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.40% | 18.75% | +2.65% |
FLGR vs. YCS - Expense Ratio Comparison
FLGR has a 0.09% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
FLGR vs. YCS - Dividend Comparison
FLGR's dividend yield for the trailing twelve months is around 3.42%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLGR Franklin FTSE Germany ETF | 3.42% | 1.72% | 2.40% | 2.99% | 3.50% | 2.67% | 2.61% | 2.52% | 3.06% |
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
FLGR and YCS have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLGR has higher volatility (5.69%) compared to YCS (3.05%). In terms of maximum drawdown, FLGR dropped -46.21% vs YCS's -49.56%.
On 5-year performance, YCS leads with 24.01% vs 6.63% for FLGR. On fees, FLGR is cheaper at 0.09% per year. On volatility, YCS has been the lower-risk option at 3.05%. 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 24.01% return vs 6.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLGR is cheaper with a 0.09% expense ratio, compared with 1.00% for YCS.
FLGR has the higher dividend yield at 3.42%, compared with 0.00% for YCS.
FLGR is categorized as Europe Equities, while YCS is Leveraged Currency. FLGR tracks FTSE Germany RIC Capped Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Franklin Templeton and ProShares. Their fees differ too: 0.09% for FLGR and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.87 vs -0.10), 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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