SEIX vs. YCS

Last updated Jun 24, 2026

SEIX (Virtus Seix Senior Loan ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - SEIX is a Bank Loan fund tracking the Credit Suisse Leveraged Loan Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, SEIX returned 5.75%/yr vs 23.52%/yr for YCS. At a correlation of -0.03, they often move in opposite directions. SEIX charges 0.57%/yr vs 1.00%/yr for YCS.

Performance

SEIX vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Seix Senior Loan ETF (SEIX) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEIX achieves a 2.38% return, which is significantly lower than YCS's 9.63% return.

SEIX

• 1D: 0.04%
• 1M: 0.33%
• YTD: 2.38%
• 6M: 2.53%
• 1Y: 6.02%
• 3Y*: 7.78%
• 5Y*: 5.75%
• 10Y*: —

YCS

• 1D: -0.14%
• 1M: 3.57%
• YTD: 9.63%
• 6M: 10.44%
• 1Y: 31.27%
• 3Y*: 18.37%
• 5Y*: 23.52%
• 10Y*: 13.62%

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

SEIX vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SEIX Virtus Seix Senior Loan ETF	2.38%	5.10%	8.42%	12.51%	-1.77%	5.49%	3.17%	3.44%
YCS ProShares UltraShort Yen	9.63%	9.04%	35.41%	28.70%	29.09%	22.38%	-11.18%	-2.91%

Correlation

The correlation between SEIX and YCS is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Apr 25, 2019	-0.03

Return for Risk

SEIX vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEIX

SEIX Risk / Return Rank: 94
SEIX Sharpe Ratio Rank: 96
SEIX Sortino Ratio Rank: 97
SEIX Omega Ratio Rank: 97
SEIX Calmar Ratio Rank: 90
SEIX Martin Ratio Rank: 92

YCS

YCS Risk / Return Rank: 63
YCS Sharpe Ratio Rank: 58
YCS Sortino Ratio Rank: 51
YCS Omega Ratio Rank: 59
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 69

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.

SEIX vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Seix Senior Loan ETF (SEIX) 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.

	SEIX	YCS	Difference
Sharpe ratio: Return per unit of total volatility	3.78	1.86	+1.93
Sortino ratio: Return per unit of downside risk	6.14	2.36	+3.78
Omega ratio: Gain probability vs. loss probability	1.86	1.34	+0.51
Calmar ratio: Return relative to maximum drawdown	5.35	3.78	+1.57
Martin ratio: Return relative to average drawdown	21.39	11.93	+9.46

SEIX vs. YCS - Sharpe Ratio Comparison

The current SEIX Sharpe Ratio is 3.78, which is higher than the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of SEIX 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.

Drawdowns

SEIX vs. YCS - Drawdown Comparison

The maximum SEIX drawdown since its inception was -17.51%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for SEIX and YCS.

Drawdown Indicators

	SEIX	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-17.51%	-49.56%	+32.05%
Max Drawdown (1Y) Largest decline over 1 year	-1.13%	-8.30%	+7.17%
Max Drawdown (3Y) Largest decline over 3 years	-3.01%	-23.05%	+20.04%
Max Drawdown (5Y) Largest decline over 5 years	-6.69%	-27.32%	+20.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.32%	—
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.87%	-19.87%	+19.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	2.65%	-2.37%

Volatility

SEIX vs. YCS - Volatility Comparison

The current volatility for Virtus Seix Senior Loan ETF (SEIX) is 0.33%, while ProShares UltraShort Yen (YCS) has a volatility of 2.25%. This indicates that SEIX 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.

Volatility by Period

	SEIX	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	2.25%	-1.92%
Volatility (6M) Calculated over the trailing 6-month period	1.29%	12.19%	-10.90%
Volatility (1Y) Calculated over the trailing 1-year period	1.60%	16.93%	-15.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.92%	21.10%	-18.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.32%	18.82%	-14.50%

SEIX vs. YCS - Expense Ratio Comparison

SEIX has a 0.57% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

SEIX vs. YCS - Dividend Comparison

SEIX's dividend yield for the trailing twelve months is around 7.24%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SEIX Virtus Seix Senior Loan ETF	7.24%	7.52%	8.09%	8.74%	5.76%	4.16%	3.75%	3.82%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEIX and YCS in my portfolio?

SEIX and YCS have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEIX or YCS?

YCS has higher volatility (2.25%) compared to SEIX (0.33%). In terms of maximum drawdown, SEIX dropped -17.51% vs YCS's -49.56%.

Which ETF is better, SEIX or YCS?

On 5-year performance, YCS leads with 23.52% vs 5.75% for SEIX. On fees, SEIX is cheaper at 0.57% per year. On volatility, SEIX has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEIX or YCS?

Over the 5-year period, YCS has performed better with a 23.52% return vs 5.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEIX or YCS?

SEIX is cheaper with a 0.57% expense ratio, compared with 1.00% for YCS.

Which ETF pays a higher dividend yield, SEIX or YCS?

SEIX has the higher dividend yield at 7.24%, compared with 0.00% for YCS.

What is the main difference between SEIX and YCS?

SEIX is categorized as Bank Loan, while YCS is Leveraged Currency. SEIX tracks Credit Suisse Leveraged Loan Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Virtus and ProShares. Their fees differ too: 0.57% for SEIX and 1.00% for YCS.

Which has better risk-adjusted returns?

SEIX currently has the higher Sharpe Ratio (3.78 vs 1.86), 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.