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FVD vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FVD vs. YCS

Last updated Jun 4, 2026

FVD (First Trust Value Line Dividend Index Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - FVD is a Mid Cap Value Equities fund tracking the Value Line Dividend Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, FVD returned 8.30%/yr vs 12.34%/yr for YCS. At a 0.13 correlation, their price movements are largely independent. FVD charges 0.61%/yr vs 1.00%/yr for YCS.

Performance

FVD vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Value Line Dividend Index Fund (FVD) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FVD achieves a 2.21% return, which is significantly lower than YCS's 7.17% return. Over the past 10 years, FVD has underperformed YCS with an annualized return of 8.30%, while YCS has yielded a comparatively higher 12.34% annualized return.

FVD

1D
-0.59%
1M
-1.04%
YTD
2.21%
6M
2.80%
1Y
6.84%
3Y*
8.25%
5Y*
5.20%
10Y*
8.30%

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

FVD vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FVD
First Trust Value Line Dividend Index Fund		2.21%8.16%10.04%4.11%-5.18%25.08%-0.02%26.58%-3.49%12.51%
YCS
ProShares UltraShort Yen		7.17%9.04%35.41%28.70%29.09%22.38%-11.18%3.37%-1.49%-6.57%

Correlation

The correlation between FVD and YCS is -0.30, 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

-0.30

Correlation (3Y)
Calculated over the trailing 3-year period

-0.16

Correlation (5Y)
Calculated over the trailing 5-year period

-0.11

Correlation (10Y)
Calculated over the trailing 10-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2008

0.13

The correlation between FVD and YCS shifts across timeframes, from -0.30 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Value Line Dividend Index Fund

ProShares UltraShort Yen

Often compared with FVD:
FVD vs. SCHDFVD vs. FTCSFVD vs. HDVFVD vs. VYMFVD vs. HERDFVD vs. SPHDFVD vs. VOO
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

FVD vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FVD
FVD Risk / Return Rank: 2121
Overall Rank
FVD Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
FVD Sortino Ratio Rank: 2121
Sortino Ratio Rank
FVD Omega Ratio Rank: 1919
Omega Ratio Rank
FVD Calmar Ratio Rank: 2121
Calmar Ratio Rank
FVD Martin Ratio Rank: 2121
Martin Ratio Rank
YCS
YCS Risk / Return Rank: 6161
Overall Rank
YCS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 4949
Sortino Ratio Rank
YCS Omega Ratio Rank: 5656
Omega Ratio Rank
YCS Calmar Ratio Rank: 7878
Calmar Ratio Rank
YCS Martin Ratio Rank: 6767
Martin Ratio Rank
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.

FVD vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Value Line Dividend Index Fund (FVD) 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.

FVDYCSDifference
Sharpe ratioReturn per unit of total volatility
0.72
1.92

-1.20

Sortino ratioReturn per unit of downside risk
1.12
2.44

-1.32

Omega ratioGain probability vs. loss probability

1.13

1.35

-0.23

Calmar ratioReturn relative to maximum drawdown

0.95

3.97

-3.02

Martin ratioReturn relative to average drawdown

2.58

12.40

-9.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FVD vs. YCS - Sharpe Ratio Comparison

The current FVD Sharpe Ratio is 0.72, which is lower than the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FVD 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.

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Sharpe Ratios by Period

FVDYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

1.92

-1.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.41

1.12

-0.71

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.65

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.33

+0.25

Drawdowns

FVD vs. YCS - Drawdown Comparison

The maximum FVD drawdown since its inception was -51.00%, roughly equal to the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for FVD and YCS.

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Drawdown Indicators

FVDYCSDifference

Max Drawdown

Largest peak-to-trough decline

-51.00%

-49.56%

-1.44%

Max Drawdown (1Y)

Largest decline over 1 year

-7.23%

-8.30%

+1.07%

Max Drawdown (3Y)

Largest decline over 3 years

-11.97%

-23.05%

+11.08%

Max Drawdown (5Y)

Largest decline over 5 years

-16.41%

-27.32%

+10.91%

Max Drawdown (10Y)

Largest decline over 10 years

-35.25%

-27.32%

-7.93%

Current Drawdown

Current decline from peak

-5.96%

0.00%

-5.96%

Average Drawdown

Average peak-to-trough decline

-5.44%

-19.93%

+14.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.66%

2.66%

0.00%

Volatility

FVD vs. YCS - Volatility Comparison

First Trust Value Line Dividend Index Fund (FVD) and ProShares UltraShort Yen (YCS) have volatilities of 2.62% and 2.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FVDYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.62%

2.75%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

6.73%

12.32%

-5.59%

Volatility (1Y)

Calculated over the trailing 1-year period

9.50%

17.27%

-7.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.76%

21.10%

-8.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.44%

19.01%

-3.57%

FVD vs. YCS - Expense Ratio Comparison

FVD has a 0.61% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

FVD vs. YCS - Dividend Comparison

FVD's dividend yield for the trailing twelve months is around 2.31%, while YCS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
FVD
First Trust Value Line Dividend Index Fund		2.31%2.36%2.23%2.34%2.20%1.75%2.31%2.03%2.50%2.10%2.04%2.34%
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%0.00%

Frequently Asked Questions

FVD and YCS have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

YCS has higher volatility (2.75%) compared to FVD (2.62%). In terms of maximum drawdown, FVD dropped -51.00% vs YCS's -49.56%.

On 10-year performance, YCS leads with 12.34% vs 8.30% for FVD. On fees, FVD is cheaper at 0.61% per year. On volatility, FVD has been the lower-risk option at 2.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, YCS has performed better with a 12.34% return vs 8.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FVD is cheaper with a 0.61% expense ratio, compared with 1.00% for YCS.

FVD has the higher dividend yield at 2.31%, compared with 0.00% for YCS.

FVD is categorized as Mid Cap Value Equities, while YCS is Leveraged Currency. FVD tracks Value Line Dividend Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.61% for FVD and 1.00% for YCS.

YCS currently has the higher Sharpe Ratio (1.92 vs 0.72), 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.

Portfolio Optimizer

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