YCS vs. PFIX
Compare and contrast key facts about ProShares UltraShort Yen (YCS) and Simplify Interest Rate Hedge ETF (PFIX).
YCS and PFIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YCS is a passively managed fund by ProShares that tracks the performance of the USD/JPY Exchange Rate (-200%). It was launched on Nov 25, 2008. PFIX is an actively managed fund by Simplify. It was launched on May 10, 2021.
Performance
YCS vs. PFIX - Performance Comparison
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YCS vs. PFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 4.09% | 9.04% | 35.41% | 28.70% | 29.09% | 11.02% |
PFIX Simplify Interest Rate Hedge ETF | -2.90% | 0.42% | 35.94% | 5.67% | 92.05% | -24.95% |
Returns By Period
In the year-to-date period, YCS achieves a 4.09% return, which is significantly higher than PFIX's -2.90% return.
YCS
- 1D
- -1.38%
- 1M
- 3.58%
- YTD
- 4.09%
- 6M
- 18.84%
- 1Y
- 19.59%
- 3Y*
- 23.69%
- 5Y*
- 22.26%
- 10Y*
- 10.90%
PFIX
- 1D
- -3.95%
- 1M
- 11.53%
- YTD
- -2.90%
- 6M
- 2.03%
- 1Y
- 4.58%
- 3Y*
- 17.99%
- 5Y*
- —
- 10Y*
- —
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YCS vs. PFIX - Expense Ratio Comparison
YCS has a 1.00% expense ratio, which is higher than PFIX's 0.50% expense ratio.
Return for Risk
YCS vs. PFIX — Risk / Return Rank
YCS
PFIX
YCS vs. PFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and Simplify Interest Rate Hedge ETF (PFIX). 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 | PFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.13 | +0.81 |
Sortino ratioReturn per unit of downside risk | 1.36 | 0.46 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.10 | +1.56 |
Martin ratioReturn relative to average drawdown | 4.52 | 0.17 | +4.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YCS | PFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.13 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.40 | -0.08 |
Correlation
The correlation between YCS and PFIX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
YCS vs. PFIX - Dividend Comparison
YCS has not paid dividends to shareholders, while PFIX's dividend yield for the trailing twelve months is around 10.17%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFIX Simplify Interest Rate Hedge ETF | 10.17% | 9.92% | 3.40% | 87.92% | 0.63% | 0.00% |
Drawdowns
YCS vs. PFIX - Drawdown Comparison
The maximum YCS drawdown since its inception was -49.56%, which is greater than PFIX's maximum drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for YCS and PFIX.
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Drawdown Indicators
| YCS | PFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.56% | -36.17% | -13.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -28.22% | +16.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.32% | — | — |
Current DrawdownCurrent decline from peak | -1.87% | -19.94% | +18.07% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -17.07% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 17.44% | -12.99% |
Volatility
YCS vs. PFIX - Volatility Comparison
The current volatility for ProShares UltraShort Yen (YCS) is 4.81%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 13.71%. This indicates that YCS experiences smaller price fluctuations and is considered to be less risky than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCS | PFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 13.71% | -8.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 20.26% | -7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.84% | 35.00% | -14.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 38.75% | -17.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 38.75% | -19.52% |