FTXO vs. YCS
FTXO (First Trust Nasdaq Bank ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - FTXO is a Financials Equities fund tracking the NASDAQ US Banks Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, FTXO returned 8.64%/yr vs 23.50%/yr for YCS. At a 0.18 correlation, their price movements are largely independent. FTXO charges 0.60%/yr vs 1.00%/yr for YCS.
Performance
FTXO vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, FTXO achieves a 8.60% return, which is significantly lower than YCS's 9.78% return.
FTXO
- 1D
- 1.29%
- 1M
- 7.19%
- YTD
- 8.60%
- 6M
- 6.28%
- 1Y
- 32.49%
- 3Y*
- 28.73%
- 5Y*
- 8.64%
- 10Y*
- —
YCS
- 1D
- 0.40%
- 1M
- 3.71%
- YTD
- 9.78%
- 6M
- 9.63%
- 1Y
- 31.36%
- 3Y*
- 18.43%
- 5Y*
- 23.50%
- 10Y*
- 13.63%
FTXO vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTXO First Trust Nasdaq Bank ETF | 8.60% | 21.32% | 29.05% | 0.05% | -17.93% | 40.53% | -12.53% | 30.11% | -21.79% | 14.25% |
YCS ProShares UltraShort Yen | 9.78% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between FTXO and YCS is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2016 | 0.18 |
The correlation between FTXO and YCS shifts across timeframes, from -0.10 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTXO vs. YCS — Risk / Return Rank
FTXO
YCS
FTXO vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Bank ETF (FTXO) 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.
| FTXO | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 3.79 | -1.84 |
| Martin ratioReturn relative to average drawdown | 5.40 | 11.86 | -6.46 |
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Drawdowns
FTXO vs. YCS - Drawdown Comparison
The maximum FTXO drawdown since its inception was -55.26%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for FTXO and YCS.
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Drawdown Indicators
| FTXO | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.26% | -49.56% | -5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -16.69% | -8.30% | -8.39% |
Max Drawdown (3Y)Largest decline over 3 years | -25.84% | -23.05% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -46.55% | -27.32% | -19.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -0.99% | 0.00% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -15.80% | -19.88% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | 2.65% | +3.38% |
Volatility
FTXO vs. YCS - Volatility Comparison
First Trust Nasdaq Bank ETF (FTXO) has a higher volatility of 5.82% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that FTXO'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
| FTXO | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 2.22% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 12.19% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.88% | 16.96% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 21.10% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.94% | 18.96% | +10.98% |
FTXO vs. YCS - Expense Ratio Comparison
FTXO has a 0.60% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
FTXO vs. YCS - Dividend Comparison
FTXO's dividend yield for the trailing twelve months is around 1.65%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTXO First Trust Nasdaq Bank ETF | 1.65% | 1.92% | 2.18% | 3.20% | 2.94% | 1.64% | 2.74% | 2.53% | 3.51% | 1.09% | 0.16% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTXO and YCS have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTXO has higher volatility (5.82%) compared to YCS (2.22%). In terms of maximum drawdown, FTXO dropped -55.26% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.50% vs 8.64% for FTXO. On fees, FTXO is cheaper at 0.60% per year. On volatility, YCS has been the lower-risk option at 2.22%. 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 23.50% return vs 8.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTXO is cheaper with a 0.60% expense ratio, compared with 1.00% for YCS.
FTXO has the higher dividend yield at 1.65%, compared with 0.00% for YCS.
FTXO is categorized as Financials Equities, while YCS is Leveraged Currency. FTXO tracks NASDAQ US Banks Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.60% for FTXO and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs 1.57), 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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