FXH vs. YCS
FXH (First Trust Health Care AlphaDEX Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - FXH is a Health & Biotech Equities fund tracking the StrataQuant Health Care Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, FXH returned 7.76%/yr vs 13.21%/yr for YCS. Their 0.14 correlation means their historical movements had little consistent relationship. FXH charges 0.61%/yr vs 1.00%/yr for YCS.
Performance
FXH vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, FXH achieves a 12.75% return, which is significantly higher than YCS's 4.11% return. Over the past 10 years, FXH has underperformed YCS with an annualized return of 7.76%, while YCS has yielded a comparatively higher 13.21% annualized return.
FXH
- 1D
- 0.72%
- 1M
- 1.42%
- 6M
- 11.87%
- YTD
- 12.75%
- 1Y
- 30.98%
- 3Y*
- 7.54%
- 5Y*
- 1.03%
- 10Y*
- 7.76%
- ALL TIME*
- 10.27%
YCS
- 1D
- -2.97%
- 1M
- -5.17%
- 6M
- 5.08%
- YTD
- 4.11%
- 1Y
- 21.34%
- 3Y*
- 16.96%
- 5Y*
- 22.90%
- 10Y*
- 13.21%
- ALL TIME*
- 6.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.23M | $7.53M | $5.49M | |
| $2.37M | $2.29M | $1.56M |
FXH vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXH First Trust Health Care AlphaDEX Fund | 12.75% | 10.16% | 0.96% | -4.53% | -12.24% | 15.20% | 28.00% | 22.26% | -1.33% | 21.82% |
YCS ProShares UltraShort Yen | 4.11% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between FXH and YCS is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | 0.14 |
The correlation between FXH and YCS shifts across timeframes, from -0.23 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXH vs. YCS — Risk / Return Rank
FXH
YCS
FXH vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Health Care AlphaDEX Fund (FXH) 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.
| FXH | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.53 | +0.02 |
| Martin ratioReturn relative to average drawdown | 7.98 | 9.53 | -1.55 |
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Drawdowns
FXH vs. YCS - Drawdown Comparison
The maximum FXH drawdown since its inception was -43.70%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for FXH and YCS.
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Drawdown Indicators
| FXH | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -49.56% | +5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -8.48% | -3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -17.53% | -23.05% | +5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | -27.32% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -30.61% | -27.32% | -3.29% |
Current DrawdownCurrent decline from peak | -0.24% | -8.48% | +8.24% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -19.75% | +10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 2.24% | +1.65% |
Volatility
FXH vs. YCS - Volatility Comparison
The current volatility for First Trust Health Care AlphaDEX Fund (FXH) is 4.86%, while ProShares UltraShort Yen (YCS) has a volatility of 5.88%. This indicates that FXH experiences smaller price fluctuations and is considered to be less risky 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
| FXH | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 5.88% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 11.84% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 16.43% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 21.21% | -4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 18.61% | -0.10% |
FXH vs. YCS - Expense Ratio Comparison
FXH has a 0.61% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
FXH vs. YCS - Dividend Comparison
FXH's dividend yield for the trailing twelve months is around 0.80%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FXH First Trust Health Care AlphaDEX Fund | 0.80% | 0.75% | 0.41% | 0.24% | 0.20% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXH and YCS have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (5.88%) compared to FXH (4.86%). In terms of maximum drawdown, FXH dropped -43.70% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.21% vs 7.76% for FXH. On fees, FXH is cheaper at 0.61% per year. On volatility, FXH has been the lower-risk option at 4.86%. 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 13.21% return vs 7.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXH is cheaper with a 0.61% expense ratio, compared with 1.00% for YCS.
FXH has the higher dividend yield at 0.80%, compared with 0.00% for YCS.
FXH is categorized as Health & Biotech Equities, while YCS is Leveraged Currency. FXH tracks StrataQuant Health Care 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 FXH and 1.00% for YCS.
FXH currently has the higher Sharpe Ratio (1.92 vs 1.31), 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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