YCS vs. AVSF
YCS (ProShares UltraShort Yen) and AVSF (Avantis Short-Term Fixed Income ETF) are both exchange-traded funds - YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while AVSF is a Short-Term Bond fund actively managed by Avantis. YCS is passively managed, while AVSF is actively managed. Over the past 5 years, YCS returned 23.54%/yr vs 1.85%/yr for AVSF. At a correlation of -0.52, they often move in opposite directions. YCS charges 1.00%/yr vs 0.15%/yr for AVSF.
Performance
YCS vs. AVSF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YCS achieves a 7.17% return, which is significantly higher than AVSF's 0.55% return.
YCS
- 1D
- 0.00%
- 1M
- 3.39%
- YTD
- 7.17%
- 6M
- 10.02%
- 1Y
- 34.99%
- 3Y*
- 20.03%
- 5Y*
- 23.54%
- 10Y*
- 12.16%
AVSF
- 1D
- 0.12%
- 1M
- 0.16%
- YTD
- 0.55%
- 6M
- 0.94%
- 1Y
- 3.99%
- 3Y*
- 4.84%
- 5Y*
- 1.85%
- 10Y*
- —
YCS vs. AVSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -4.35% |
AVSF Avantis Short-Term Fixed Income ETF | 0.55% | 6.57% | 3.81% | 5.25% | -5.52% | -1.17% | 0.53% |
Correlation
The correlation between YCS and AVSF is -0.55, 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 | -0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | -0.52 |
The correlation between YCS and AVSF has been stable across timeframes, ranging from -0.55 to -0.50 - a consistent structural relationship.
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
YCS vs. AVSF — Risk / Return Rank
YCS
AVSF
YCS vs. AVSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and Avantis Short-Term Fixed Income ETF (AVSF). 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.
| YCS | AVSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | 2.83 | +1.40 |
| Martin ratioReturn relative to average drawdown | 13.22 | 10.73 | +2.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| YCS | AVSF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.14 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.70 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.67 | -0.34 |
Drawdowns
YCS vs. AVSF - Drawdown Comparison
The maximum YCS drawdown since its inception was -49.56%, which is greater than AVSF's maximum drawdown of -8.85%. Use the drawdown chart below to compare losses from any high point for YCS and AVSF.
Loading charts...
Drawdown Indicators
| YCS | AVSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.56% | -8.85% | -40.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -1.42% | -6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -23.05% | -1.42% | -21.63% |
Max Drawdown (5Y)Largest decline over 5 years | -27.32% | -8.85% | -18.47% |
Max Drawdown (10Y)Largest decline over 10 years | -27.32% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.43% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -19.93% | -2.20% | -17.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 0.37% | +2.28% |
Volatility
YCS vs. AVSF - Volatility Comparison
ProShares UltraShort Yen (YCS) has a higher volatility of 2.62% compared to Avantis Short-Term Fixed Income ETF (AVSF) at 0.57%. This indicates that YCS's price experiences larger fluctuations and is considered to be riskier than AVSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| YCS | AVSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 0.57% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 1.35% | +10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 1.88% | +15.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.09% | 2.65% | +18.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 2.52% | +16.49% |
YCS vs. AVSF - Expense Ratio Comparison
YCS has a 1.00% expense ratio, which is higher than AVSF's 0.15% expense ratio.
Dividends
YCS vs. AVSF - Dividend Comparison
YCS has not paid dividends to shareholders, while AVSF's dividend yield for the trailing twelve months is around 4.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AVSF Avantis Short-Term Fixed Income ETF | 4.36% | 4.31% | 4.34% | 3.93% | 1.78% | 0.48% | 0.10% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YCS and AVSF have a correlation of -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (2.62%) compared to AVSF (0.57%). In terms of maximum drawdown, YCS dropped -49.56% vs AVSF's -8.85%.
On 5-year performance, YCS leads with 23.54% vs 1.85% for AVSF. On fees, AVSF is cheaper at 0.15% per year. On volatility, AVSF has been the lower-risk option at 0.57%. 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 1.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVSF is cheaper with a 0.15% expense ratio, compared with 1.00% for YCS.
AVSF has the higher dividend yield at 4.36%, compared with 0.00% for YCS.
YCS is categorized as Leveraged Currency, while AVSF is Short-Term Bond. They also come from different issuers: ProShares and Avantis. Their fees differ too: 1.00% for YCS and 0.15% for AVSF.
AVSF currently has the higher Sharpe Ratio (2.14 vs 2.06), 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 YCS and AVSF
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