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 5.52%/yr vs 23.54%/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 0.86% return, which is significantly lower than YCS's 7.17% return.
HUSV
- 1D
- -0.19%
- 1M
- 0.13%
- YTD
- 0.86%
- 6M
- 0.60%
- 1Y
- -1.99%
- 3Y*
- 8.18%
- 5Y*
- 5.52%
- 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%
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 | 0.86% | 4.96% | 12.64% | 3.51% | -6.31% | 26.04% | 5.39% | 26.98% | -1.92% | 16.07% |
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 HUSV and YCS is -0.19, 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 | -0.19 |
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 26, 2016 | 0.04 |
The correlation between HUSV and YCS shifts across timeframes, from -0.19 (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.
| HUSV | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.35 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 3.97 | -4.26 |
| Martin ratioReturn relative to average drawdown | -0.71 | 12.40 | -13.11 |
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
| HUSV | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | 1.92 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.12 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.33 | +0.26 |
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 | -3.95% | 0.00% | -3.95% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -19.93% | +16.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.66% | +0.14% |
Volatility
HUSV vs. YCS - Volatility Comparison
The current volatility for First Trust Horizon Managed Volatility Domestic ETF (HUSV) is 2.36%, while ProShares UltraShort Yen (YCS) has a volatility of 2.75%. This indicates that HUSV 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
| HUSV | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 2.75% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 6.30% | 12.32% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.07% | 17.27% | -8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.02% | 21.10% | -9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.49% | 19.01% | -4.52% |
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 -0.19, 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 HUSV (2.36%). In terms of maximum drawdown, HUSV dropped -35.72% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.54% vs 5.52% for HUSV. On fees, HUSV is cheaper at 0.70% per year. On volatility, HUSV has been the lower-risk option at 2.36%. 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 23.54% return vs 5.52%. 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 (1.92 vs -0.22), 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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