FTHF vs. YCS
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 109.33% vs 32.82% 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
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Returns By Period
In the year-to-date period, FTHF achieves a 51.24% return, which is significantly higher than YCS's 7.17% return.
FTHF
- 1D
- -1.84%
- 1M
- 15.16%
- YTD
- 51.24%
- 6M
- 61.52%
- 1Y
- 109.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YCS
- 1D
- 0.17%
- 1M
- 4.42%
- YTD
- 7.17%
- 6M
- 10.05%
- 1Y
- 32.82%
- 3Y*
- 19.84%
- 5Y*
- 23.54%
- 10Y*
- 12.34%
FTHF vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTHF First Trust Emerging Markets Human Flourishing ETF | 51.24% | 65.30% | -8.14% | 18.14% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | -11.81% |
Correlation
The correlation between FTHF and YCS is -0.32, 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 | -0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | -0.21 |
The correlation between FTHF and YCS shifts across timeframes, from -0.32 (1 year) to -0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTHF vs. YCS — Risk / Return Rank
FTHF
YCS
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.
| FTHF | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.35 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 6.74 | 3.97 | +2.77 |
| Martin ratioReturn relative to average drawdown | 18.95 | 12.40 | +6.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTHF | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.36 | 1.92 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.86 | 0.33 | +1.53 |
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.
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Drawdown Indicators
| FTHF | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -1.84% | 0.00% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -19.93% | +15.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 2.66% | +3.13% |
Volatility
FTHF vs. YCS - Volatility Comparison
First Trust Emerging Markets Human Flourishing ETF (FTHF) has a higher volatility of 12.15% compared to ProShares UltraShort Yen (YCS) at 2.75%. 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.
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Volatility by Period
| FTHF | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.15% | 2.75% | +9.40% |
Volatility (6M)Calculated over the trailing 6-month period | 24.47% | 12.32% | +12.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.76% | 17.27% | +15.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.45% | 21.10% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.45% | 19.01% | +6.44% |
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 2.98%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTHF First Trust Emerging Markets Human Flourishing ETF | 2.98% | 4.40% | 3.34% | 0.51% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTHF and YCS have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTHF has higher volatility (12.15%) compared to YCS (2.75%). In terms of maximum drawdown, FTHF dropped -17.36% vs YCS's -49.56%.
On 1-year performance, FTHF leads with 109.33% vs 32.82% for YCS. On fees, FTHF is cheaper at 0.75% per year. On volatility, YCS has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTHF has performed better with a 109.33% return vs 32.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTHF is cheaper with a 0.75% expense ratio, compared with 1.00% for YCS.
FTHF has the higher dividend yield at 2.98%, compared with 0.00% for 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.
FTHF currently has the higher Sharpe Ratio (3.36 vs 1.92), 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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