FTHF vs. YCS

Last updated Jun 24, 2026

FTHF (First Trust Emerging Markets Human Flourishing ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - FTHF is a Emerging Markets Diversified fund tracking the Emerging Markets Human Flourishing Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past year, FTHF returned 99.98% vs 31.27% for YCS. At a correlation of -0.21, they often move in opposite directions. FTHF charges 0.75%/yr vs 1.00%/yr for YCS.

Performance

FTHF vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Emerging Markets Human Flourishing ETF (FTHF) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTHF achieves a 48.98% return, which is significantly higher than YCS's 9.63% return.

FTHF

• 1D: -6.80%
• 1M: 6.57%
• YTD: 48.98%
• 6M: 51.53%
• 1Y: 99.98%
• 3Y*: —
• 5Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTHF vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTHF First Trust Emerging Markets Human Flourishing ETF	48.98%	65.30%	-8.14%	18.14%
YCS ProShares UltraShort Yen	9.63%	9.04%	35.41%	-8.80%

Correlation

The correlation between FTHF and YCS is -0.31, 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	-0.31
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023	-0.21

The correlation between FTHF and YCS shifts across timeframes, from -0.31 (1 year) to -0.21 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FTHF vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTHF

FTHF Risk / Return Rank: 87
FTHF Sharpe Ratio Rank: 89
FTHF Sortino Ratio Rank: 79
FTHF Omega Ratio Rank: 89
FTHF Calmar Ratio Rank: 93
FTHF Martin Ratio Rank: 86

YCS

YCS Risk / Return Rank: 63
YCS Sharpe Ratio Rank: 58
YCS Sortino Ratio Rank: 51
YCS Omega Ratio Rank: 59
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTHF vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Human Flourishing ETF (FTHF) 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.

	FTHF	YCS	Difference
Sharpe ratio: Return per unit of total volatility	2.79	1.86	+0.93
Sortino ratio: Return per unit of downside risk	3.22	2.36	+0.86
Omega ratio: Gain probability vs. loss probability	1.52	1.34	+0.18
Calmar ratio: Return relative to maximum drawdown	6.16	3.78	+2.38
Martin ratio: Return relative to average drawdown	16.85	11.93	+4.92

FTHF vs. YCS - Sharpe Ratio Comparison

The current FTHF Sharpe Ratio is 2.79, which is higher than the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of FTHF and YCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTHF vs. YCS - Drawdown Comparison

The maximum FTHF drawdown since its inception was -17.36%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for FTHF and YCS.

Drawdown Indicators

	FTHF	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-17.36%	-49.56%	+32.20%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-8.30%	-8.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.32%	—
Current Drawdown Current decline from peak	-6.80%	-0.14%	-6.66%
Average Drawdown Average peak-to-trough decline	-4.22%	-19.87%	+15.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	2.65%	+3.30%

Volatility

FTHF vs. YCS - Volatility Comparison

First Trust Emerging Markets Human Flourishing ETF (FTHF) has a higher volatility of 17.38% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that FTHF'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.

Volatility by Period

	FTHF	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.38%	2.25%	+15.13%
Volatility (6M) Calculated over the trailing 6-month period	28.89%	12.19%	+16.70%
Volatility (1Y) Calculated over the trailing 1-year period	36.06%	16.93%	+19.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.89%	21.10%	+5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.89%	18.82%	+8.07%

FTHF vs. YCS - Expense Ratio Comparison

FTHF has a 0.75% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

FTHF vs. YCS - Dividend Comparison

FTHF's dividend yield for the trailing twelve months is around 3.03%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FTHF First Trust Emerging Markets Human Flourishing ETF	3.03%	4.40%	3.34%	0.51%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTHF and YCS in my portfolio?

FTHF and YCS have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTHF or YCS?

FTHF has higher volatility (17.38%) compared to YCS (2.25%). In terms of maximum drawdown, FTHF dropped -17.36% vs YCS's -49.56%.

Which ETF is better, FTHF or YCS?

On 1-year performance, FTHF leads with 99.98% vs 31.27% for YCS. On fees, FTHF is cheaper at 0.75% 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.

Which ETF has performed better, FTHF or YCS?

Over the 1-year period, FTHF has performed better with a 99.98% return vs 31.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTHF or YCS?

FTHF is cheaper with a 0.75% expense ratio, compared with 1.00% for YCS.

Which ETF pays a higher dividend yield, FTHF or YCS?

FTHF has the higher dividend yield at 3.03%, compared with 0.00% for YCS.

What is the main difference between FTHF and YCS?

FTHF is categorized as Emerging Markets Diversified, while YCS is Leveraged Currency. FTHF tracks Emerging Markets Human Flourishing Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.75% for FTHF and 1.00% for YCS.

Which has better risk-adjusted returns?

FTHF currently has the higher Sharpe Ratio (2.79 vs 1.86), 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.