FLIN vs. YCS
FLIN (Franklin FTSE India ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - FLIN is a Asia Pacific Equities fund tracking the FTSE India 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, FLIN returned 4.72%/yr vs 23.52%/yr for YCS. At a correlation of -0.05, they often move in opposite directions. FLIN charges 0.19%/yr vs 1.00%/yr for YCS.
Performance
FLIN vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, FLIN achieves a -8.37% return, which is significantly lower than YCS's 9.63% return.
FLIN
- 1D
- -1.64%
- 1M
- 1.99%
- YTD
- -8.37%
- 6M
- -8.98%
- 1Y
- -8.50%
- 3Y*
- 6.53%
- 5Y*
- 4.72%
- 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%
FLIN vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | -8.37% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 14.50% | 4.77% | -7.13% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | 3.97% |
Correlation
The correlation between FLIN 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018 | -0.05 |
The correlation between FLIN and YCS shifts across timeframes, from -0.20 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLIN vs. YCS — Risk / Return Rank
FLIN
YCS
FLIN vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) 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.
| FLIN | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.34 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 3.78 | -4.24 |
| Martin ratioReturn relative to average drawdown | -1.05 | 11.93 | -12.98 |
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Drawdowns
FLIN vs. YCS - Drawdown Comparison
The maximum FLIN drawdown since its inception was -41.90%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for FLIN and YCS.
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Drawdown Indicators
| FLIN | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.90% | -49.56% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -18.79% | -8.30% | -10.49% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -23.05% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -22.85% | -27.32% | +4.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -15.64% | -0.14% | -15.50% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -19.87% | +11.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.10% | 2.65% | +5.45% |
Volatility
FLIN vs. YCS - Volatility Comparison
Franklin FTSE India ETF (FLIN) has a higher volatility of 4.61% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that FLIN'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
| FLIN | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 2.25% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.22% | 12.19% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 16.93% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.78% | 21.10% | -5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.43% | 18.82% | +1.61% |
FLIN vs. YCS - Expense Ratio Comparison
FLIN has a 0.19% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
FLIN vs. YCS - Dividend Comparison
FLIN's dividend yield for the trailing twelve months is around 0.43%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | 0.43% | 0.56% | 1.58% | 0.73% | 0.73% | 2.26% | 0.68% | 0.90% | 0.92% |
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
FLIN 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.
FLIN has higher volatility (4.61%) compared to YCS (2.25%). In terms of maximum drawdown, FLIN dropped -41.90% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs 4.72% for FLIN. On fees, FLIN is cheaper at 0.19% 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 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLIN is cheaper with a 0.19% expense ratio, compared with 1.00% for YCS.
FLIN has the higher dividend yield at 0.43%, compared with 0.00% for YCS.
FLIN is categorized as Asia Pacific Equities, while YCS is Leveraged Currency. FLIN tracks FTSE India 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: 0.19% for FLIN and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -0.56), 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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