HUSV vs. YCS
HUSV (First Trust Horizon Managed Volatility Domestic ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - HUSV is a Volatility Hedged Equity fund actively managed by First Trust, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). HUSV is actively managed, while YCS is passively managed. Over the past 5 years, HUSV returned 5.76%/yr vs 23.65%/yr for YCS. At a 0.04 correlation, their price movements are largely independent. HUSV charges 0.70%/yr vs 1.00%/yr for YCS.
Performance
HUSV vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, HUSV achieves a 1.49% return, which is significantly lower than YCS's 10.06% return.
HUSV
- 1D
- 0.66%
- 1M
- -1.88%
- YTD
- 1.49%
- 6M
- 0.70%
- 1Y
- -0.72%
- 3Y*
- 8.02%
- 5Y*
- 5.76%
- 10Y*
- —
YCS
- 1D
- 0.39%
- 1M
- 3.97%
- YTD
- 10.06%
- 6M
- 11.27%
- 1Y
- 34.18%
- 3Y*
- 18.53%
- 5Y*
- 23.65%
- 10Y*
- 13.66%
HUSV vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HUSV First Trust Horizon Managed Volatility Domestic ETF | 1.49% | 4.96% | 12.64% | 3.51% | -6.31% | 26.04% | 5.39% | 26.98% | -1.92% | 16.07% |
YCS ProShares UltraShort Yen | 10.06% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between HUSV and YCS is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2016 | 0.04 |
The correlation between HUSV and YCS shifts across timeframes, from -0.18 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HUSV vs. YCS — Risk / Return Rank
HUSV
YCS
HUSV vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Horizon Managed Volatility Domestic ETF (HUSV) 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.
| HUSV | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.38 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 4.14 | -4.24 |
| Martin ratioReturn relative to average drawdown | -0.25 | 13.04 | -13.28 |
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Drawdowns
HUSV vs. YCS - Drawdown Comparison
The maximum HUSV drawdown since its inception was -35.72%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for HUSV and YCS.
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Drawdown Indicators
| HUSV | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.72% | -49.56% | +13.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -8.30% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -9.35% | -23.05% | +13.70% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -27.32% | +10.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -3.35% | 0.00% | -3.35% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -19.87% | +16.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.63% | +0.28% |
Volatility
HUSV vs. YCS - Volatility Comparison
First Trust Horizon Managed Volatility Domestic ETF (HUSV) has a higher volatility of 3.07% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that HUSV'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
| HUSV | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.25% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 11.91% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 16.93% | -7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.04% | 21.10% | -9.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 18.82% | -4.35% |
HUSV vs. YCS - Expense Ratio Comparison
HUSV has a 0.70% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
HUSV vs. YCS - Dividend Comparison
HUSV's dividend yield for the trailing twelve months is around 1.37%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HUSV First Trust Horizon Managed Volatility Domestic ETF | 1.37% | 1.38% | 1.14% | 1.80% | 1.68% | 1.35% | 1.29% | 1.36% | 1.48% | 1.31% | 0.35% |
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
HUSV and YCS have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUSV has higher volatility (3.07%) compared to YCS (2.25%). In terms of maximum drawdown, HUSV dropped -35.72% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.65% vs 5.76% for HUSV. On fees, HUSV is cheaper at 0.70% 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.
Over the 5-year period, YCS has performed better with a 23.65% return vs 5.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HUSV is cheaper with a 0.70% expense ratio, compared with 1.00% for YCS.
HUSV has the higher dividend yield at 1.37%, compared with 0.00% for YCS.
HUSV is categorized as Volatility Hedged Equity, while YCS is Leveraged Currency. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.70% for HUSV and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (2.04 vs -0.08), 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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