USVM vs. YCS
USVM (VictoryShares US Small Mid Cap Value Momentum ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, USVM returned 10.06%/yr vs 23.52%/yr for YCS. At a 0.06 correlation, their price movements are largely independent. USVM charges 0.29%/yr vs 1.00%/yr for YCS.
Performance
USVM vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, USVM achieves a 18.75% return, which is significantly higher than YCS's 9.63% return.
USVM
- 1D
- 0.05%
- 1M
- 4.06%
- YTD
- 18.75%
- 6M
- 16.97%
- 1Y
- 32.76%
- 3Y*
- 20.77%
- 5Y*
- 10.06%
- 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%
USVM vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 18.75% | 10.56% | 16.59% | 18.90% | -13.23% | 24.44% | 11.56% | 21.65% | -9.39% | 2.06% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -1.24% |
Correlation
The correlation between USVM and YCS is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.06 |
The correlation between USVM and YCS shifts across timeframes, from -0.21 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USVM vs. YCS — Risk / Return Rank
USVM
YCS
USVM vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Small Mid Cap Value Momentum ETF (USVM) 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.
| USVM | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 3.78 | +0.15 |
| Martin ratioReturn relative to average drawdown | 14.82 | 11.93 | +2.89 |
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Drawdowns
USVM vs. YCS - Drawdown Comparison
The maximum USVM drawdown since its inception was -42.38%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for USVM and YCS.
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Drawdown Indicators
| USVM | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.38% | -49.56% | +7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -8.30% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -24.34% | -23.05% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -25.27% | -27.32% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.14% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -19.87% | +12.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.65% | -0.43% |
Volatility
USVM vs. YCS - Volatility Comparison
VictoryShares US Small Mid Cap Value Momentum ETF (USVM) has a higher volatility of 4.10% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that USVM'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
| USVM | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 2.25% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 12.19% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 16.93% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.64% | 21.10% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 18.82% | +3.15% |
USVM vs. YCS - Expense Ratio Comparison
USVM has a 0.29% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
USVM vs. YCS - Dividend Comparison
USVM's dividend yield for the trailing twelve months is around 1.77%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 1.77% | 1.84% | 1.75% | 1.63% | 1.43% | 0.70% | 1.21% | 1.77% | 1.43% | 0.65% |
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
USVM and YCS have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USVM has higher volatility (4.10%) compared to YCS (2.25%). In terms of maximum drawdown, USVM dropped -42.38% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs 10.06% for USVM. On fees, USVM 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 10.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USVM is cheaper with a 0.29% expense ratio, compared with 1.00% for YCS.
USVM has the higher dividend yield at 1.77%, compared with 0.00% for YCS.
USVM is categorized as Momentum, while YCS is Leveraged Currency. USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Victory Capital and ProShares. Their fees differ too: 0.29% for USVM and 1.00% for YCS.
USVM currently has the higher Sharpe Ratio (2.20 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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