SPDV vs. YCS
SPDV (AAM S&P 500 High Dividend Value ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - SPDV is a Dividend fund tracking the S&P 500 Dividend and Free Cash Flow Yield Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, SPDV returned 9.01%/yr vs 23.52%/yr for YCS. At a 0.07 correlation, their price movements are largely independent. SPDV charges 0.29%/yr vs 1.00%/yr for YCS.
Performance
SPDV vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, SPDV achieves a 13.31% return, which is significantly higher than YCS's 9.63% return.
SPDV
- 1D
- 0.10%
- 1M
- -0.63%
- YTD
- 13.31%
- 6M
- 13.16%
- 1Y
- 24.69%
- 3Y*
- 16.36%
- 5Y*
- 9.01%
- 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%
SPDV vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPDV AAM S&P 500 High Dividend Value ETF | 13.31% | 10.90% | 14.40% | 5.45% | -2.27% | 29.54% | -6.09% | 20.46% | -6.59% | 4.64% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | 2.61% |
Correlation
The correlation between SPDV 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2017 | 0.07 |
The correlation between SPDV and YCS shifts across timeframes, from -0.19 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPDV vs. YCS — Risk / Return Rank
SPDV
YCS
SPDV vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AAM S&P 500 High Dividend Value ETF (SPDV) 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.
| SPDV | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 3.78 | +0.49 |
| Martin ratioReturn relative to average drawdown | 12.11 | 11.93 | +0.18 |
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Drawdowns
SPDV vs. YCS - Drawdown Comparison
The maximum SPDV drawdown since its inception was -43.81%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for SPDV and YCS.
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Drawdown Indicators
| SPDV | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -49.56% | +5.75% |
Max Drawdown (1Y)Largest decline over 1 year | -5.80% | -8.30% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.62% | -23.05% | +4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | -27.32% | +6.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -2.37% | -0.14% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -19.87% | +13.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.65% | -0.61% |
Volatility
SPDV vs. YCS - Volatility Comparison
AAM S&P 500 High Dividend Value ETF (SPDV) has a higher volatility of 3.66% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that SPDV'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
| SPDV | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 2.25% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 12.19% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 16.93% | -4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 21.10% | -4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 18.82% | +1.46% |
SPDV vs. YCS - Expense Ratio Comparison
SPDV has a 0.29% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
SPDV vs. YCS - Dividend Comparison
SPDV's dividend yield for the trailing twelve months is around 3.34%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SPDV AAM S&P 500 High Dividend Value ETF | 3.34% | 3.85% | 3.54% | 3.95% | 3.73% | 3.08% | 3.90% | 3.54% | 3.63% | 0.28% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPDV 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.
SPDV has higher volatility (3.66%) compared to YCS (2.25%). In terms of maximum drawdown, SPDV dropped -43.81% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs 9.01% for SPDV. On fees, SPDV is cheaper at 0.29% 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 23.52% return vs 9.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPDV is cheaper with a 0.29% expense ratio, compared with 1.00% for YCS.
SPDV has the higher dividend yield at 3.34%, compared with 0.00% for YCS.
SPDV is categorized as Dividend, while YCS is Leveraged Currency. SPDV tracks S&P 500 Dividend and Free Cash Flow Yield Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Advisors Asset Management and ProShares. Their fees differ too: 0.29% for SPDV and 1.00% for YCS.
SPDV currently has the higher Sharpe Ratio (2.02 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.
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