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 Asset Management Inc.. It was launched on May 10, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YCS or PFIX.
Key characteristics
| YCS | PFIX | |
|---|---|---|
| YTD Return | 22.29% | 29.10% |
| 1Y Return | 46.02% | 39.12% |
| Sharpe Ratio | 2.37 | 1.05 |
| Daily Std Dev | 18.62% | 39.96% |
| Max Drawdown | -49.56% | -39.17% |
| Current Drawdown | -6.38% | -18.93% |
Correlation
The correlation between YCS and PFIX is 0.36, 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.
Performance
YCS vs. PFIX - Performance Comparison
In the year-to-date period, YCS achieves a 22.29% return, which is significantly lower than PFIX's 29.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
YCS vs. PFIX - Risk-Adjusted Performance 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.
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 63.61%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% |
PFIX Simplify Interest Rate Hedge ETF | 63.61% | 80.99% | 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 -39.17%. Use the drawdown chart below to compare losses from any high point for YCS and PFIX. For additional features, visit the drawdowns tool.
Volatility
YCS vs. PFIX - Volatility Comparison
The current volatility for ProShares UltraShort Yen (YCS) is 7.86%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 13.56%. 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.