YCS vs. SVARX

Last updated Jun 7, 2026

YCS (ProShares UltraShort Yen) and SVARX (Spectrum Low Volatility Fund) are both funds - YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while SVARX is a Nontraditional Bonds fund managed by Advisors Preferred. Over the past 10 years, YCS returned 12.25%/yr vs 6.08%/yr for SVARX. At a correlation of -0.10, they often move in opposite directions. YCS charges 1.00%/yr vs 2.34%/yr for SVARX.

Performance

YCS vs. SVARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Yen (YCS) and Spectrum Low Volatility Fund (SVARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YCS achieves a 7.54% return, which is significantly higher than SVARX's 1.61% return. Over the past 10 years, YCS has outperformed SVARX with an annualized return of 12.25%, while SVARX has yielded a comparatively lower 6.08% annualized return.

YCS

• 1D: 0.35%
• 1M: 5.12%
• YTD: 7.54%
• 6M: 10.01%
• 1Y: 31.94%
• 3Y*: 20.09%
• 5Y*: 23.63%
• 10Y*: 12.25%

SVARX

• 1D: 0.17%
• 1M: 0.54%
• YTD: 1.61%
• 6M: 2.35%
• 1Y: 6.31%
• 3Y*: 6.96%
• 5Y*: 3.28%
• 10Y*: 6.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

YCS vs. SVARX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YCS ProShares UltraShort Yen	7.54%	9.04%	35.41%	28.70%	29.09%	22.38%	-11.18%	3.37%	-1.49%	-6.57%
SVARX Spectrum Low Volatility Fund	1.61%	6.22%	2.60%	9.67%	-4.35%	4.10%	19.50%	9.42%	-0.99%	8.25%

Correlation

The correlation between YCS and SVARX is -0.41, 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	-0.41
Correlation (3Y) Calculated over the trailing 3-year period	-0.33
Correlation (5Y) Calculated over the trailing 5-year period	-0.31
Correlation (10Y) Calculated over the trailing 10-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013	-0.10

Over the past year, the inverse relationship between YCS and SVARX has strengthened: their correlation has moved from -0.10 to -0.41, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

YCS vs. SVARX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YCS

YCS Risk / Return Rank: 67
YCS Sharpe Ratio Rank: 63
YCS Sortino Ratio Rank: 56
YCS Omega Ratio Rank: 63
YCS Calmar Ratio Rank: 82
YCS Martin Ratio Rank: 72

SVARX

SVARX Risk / Return Rank: 53
SVARX Sharpe Ratio Rank: 65
SVARX Sortino Ratio Rank: 57
SVARX Omega Ratio Rank: 76
SVARX Calmar Ratio Rank: 43
SVARX Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YCS vs. SVARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and Spectrum Low Volatility Fund (SVARX). 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	SVARX	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.30	-0.30
Sortino ratio: Return per unit of downside risk	2.54	3.08	-0.55
Omega ratio: Gain probability vs. loss probability	1.37	1.49	-0.12
Calmar ratio: Return relative to maximum drawdown	4.11	2.39	+1.72
Martin ratio: Return relative to average drawdown	12.84	5.64	+7.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YCS vs. SVARX - Sharpe Ratio Comparison

The current YCS Sharpe Ratio is 2.00, which is comparable to the SVARX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of YCS and SVARX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	YCS	SVARX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.30	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	1.07	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	1.66	-1.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	1.71	-1.38

Drawdowns

YCS vs. SVARX - Drawdown Comparison

The maximum YCS drawdown since its inception was -49.56%, which is greater than SVARX's maximum drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for YCS and SVARX.

Drawdown Indicators

	YCS	SVARX	Difference
Max Drawdown Largest peak-to-trough decline	-49.56%	-6.48%	-43.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-2.55%	-5.75%
Max Drawdown (3Y) Largest decline over 3 years	-23.05%	-2.55%	-20.50%
Max Drawdown (5Y) Largest decline over 5 years	-27.32%	-6.48%	-20.84%
Max Drawdown (10Y) Largest decline over 10 years	-27.32%	-6.48%	-20.84%
Current Drawdown Current decline from peak	0.00%	-1.19%	+1.19%
Average Drawdown Average peak-to-trough decline	-19.92%	-1.22%	-18.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	1.08%	+1.57%

Volatility

YCS vs. SVARX - Volatility Comparison

ProShares UltraShort Yen (YCS) has a higher volatility of 1.56% compared to Spectrum Low Volatility Fund (SVARX) at 0.63%. This indicates that YCS's price experiences larger fluctuations and is considered to be riskier than SVARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YCS	SVARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	0.63%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	12.27%	2.16%	+10.11%
Volatility (1Y) Calculated over the trailing 1-year period	17.09%	2.66%	+14.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.08%	3.09%	+17.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	3.68%	+15.32%

YCS vs. SVARX - Expense Ratio Comparison

YCS has a 1.00% expense ratio, which is lower than SVARX's 2.34% expense ratio.

Dividends

YCS vs. SVARX - Dividend Comparison

YCS has not paid dividends to shareholders, while SVARX's dividend yield for the trailing twelve months is around 5.85%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SVARX Spectrum Low Volatility Fund	5.85%	5.95%	9.35%	3.35%	0.00%	5.85%	0.71%	4.91%	2.41%	6.90%	9.07%	3.02%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YCS and SVARX in my portfolio?

YCS and SVARX have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YCS or SVARX?

YCS has higher volatility (1.56%) compared to SVARX (0.63%). In terms of maximum drawdown, YCS dropped -49.56% vs SVARX's -6.48%.

Which has better risk-adjusted returns?

SVARX currently has the higher Sharpe Ratio (2.30 vs 2.00), 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.