NFTY vs. YCS
NFTY (First Trust India NIFTY 50 Equal Weight ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, NFTY returned 8.50%/yr vs 13.63%/yr for YCS. At a correlation of -0.01, they often move in opposite directions. NFTY charges 0.80%/yr vs 1.00%/yr for YCS.
Performance
NFTY vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NFTY achieves a -6.07% return, which is significantly lower than YCS's 9.78% return. Over the past 10 years, NFTY has underperformed YCS with an annualized return of 8.50%, while YCS has yielded a comparatively higher 13.63% annualized return.
NFTY
- 1D
- 0.94%
- 1M
- 2.35%
- YTD
- -6.07%
- 6M
- -6.17%
- 1Y
- -4.69%
- 3Y*
- 6.77%
- 5Y*
- 6.14%
- 10Y*
- 8.50%
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%
NFTY vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | -6.07% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
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 NFTY 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 | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012 | -0.01 |
The correlation between NFTY and YCS shifts across timeframes, from -0.19 (1 year) to -0.01 (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.
Return for Risk
NFTY vs. YCS — Risk / Return Rank
NFTY
YCS
NFTY vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust India NIFTY 50 Equal Weight ETF (NFTY) 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.
| NFTY | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 3.79 | -4.09 |
| Martin ratioReturn relative to average drawdown | -0.72 | 11.86 | -12.58 |
Loading charts...
Drawdowns
NFTY vs. YCS - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, roughly equal to the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for NFTY and YCS.
Loading charts...
Drawdown Indicators
| NFTY | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.67% | -49.56% | +1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.14% | -8.30% | -7.84% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -23.05% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | -27.32% | +5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -47.67% | -27.32% | -20.35% |
Current DrawdownCurrent decline from peak | -14.13% | 0.00% | -14.13% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -19.88% | +10.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 2.65% | +3.88% |
Volatility
NFTY vs. YCS - Volatility Comparison
First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a higher volatility of 3.99% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that NFTY'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.
Loading charts...
Volatility by Period
| NFTY | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.22% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 12.19% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 16.96% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 21.10% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 18.96% | +1.75% |
NFTY vs. YCS - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
NFTY vs. YCS - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 1.88%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.88% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
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
NFTY 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.
NFTY has higher volatility (3.99%) compared to YCS (2.22%). In terms of maximum drawdown, NFTY dropped -47.67% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.63% vs 8.50% for NFTY. On fees, NFTY is cheaper at 0.80% 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 10-year period, YCS has performed better with a 13.63% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFTY is cheaper with a 0.80% expense ratio, compared with 1.00% for YCS.
NFTY has the higher dividend yield at 1.88%, compared with 0.00% for YCS.
NFTY is categorized as Asia Pacific Equities, while YCS is Leveraged Currency. NFTY tracks NIFTY 50 Equal Weight Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.80% for NFTY and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -0.32), 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.
Find the right allocation for NFTY and YCS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer