AGOX vs. YCS
AGOX (Adaptive Alpha Opportunities ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - AGOX is a Tactical Allocation fund actively managed by Adaptive Funds, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). AGOX is actively managed, while YCS is passively managed. Over the past 5 years, AGOX returned 9.25%/yr vs 23.50%/yr for YCS. At a correlation of -0.00, they often move in opposite directions. AGOX charges 1.33%/yr vs 1.00%/yr for YCS.
Performance
AGOX vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, AGOX achieves a 22.97% return, which is significantly higher than YCS's 9.78% return.
AGOX
- 1D
- -0.13%
- 1M
- 3.60%
- YTD
- 22.97%
- 6M
- 19.90%
- 1Y
- 30.39%
- 3Y*
- 18.22%
- 5Y*
- 9.25%
- 10Y*
- —
YCS
- 1D
- 0.40%
- 1M
- 3.71%
- YTD
- 9.78%
- 6M
- 9.63%
- 1Y
- 31.36%
- 3Y*
- 18.43%
- 5Y*
- 23.50%
- 10Y*
- 13.63%
AGOX vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 22.97% | 8.58% | 15.97% | 19.07% | -19.21% | 8.91% |
YCS ProShares UltraShort Yen | 9.78% | 9.04% | 35.41% | 28.70% | 29.09% | 11.18% |
Correlation
The correlation between AGOX and YCS is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 10, 2021 | -0.00 |
The correlation between AGOX and YCS shifts across timeframes, from -0.10 (1 year) to 0.02 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGOX vs. YCS — Risk / Return Rank
AGOX
YCS
AGOX vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adaptive Alpha Opportunities ETF (AGOX) 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.
| AGOX | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 3.79 | -1.80 |
| Martin ratioReturn relative to average drawdown | 7.27 | 11.86 | -4.59 |
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Drawdowns
AGOX vs. YCS - Drawdown Comparison
The maximum AGOX drawdown since its inception was -26.93%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for AGOX and YCS.
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Drawdown Indicators
| AGOX | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.93% | -49.56% | +22.63% |
Max Drawdown (1Y)Largest decline over 1 year | -15.32% | -8.30% | -7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -23.05% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -27.32% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -1.01% | 0.00% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -19.88% | +11.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 2.65% | +1.54% |
Volatility
AGOX vs. YCS - Volatility Comparison
Adaptive Alpha Opportunities ETF (AGOX) has a higher volatility of 4.71% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that AGOX'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
| AGOX | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 2.22% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 12.19% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 16.96% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 21.10% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.64% | 18.96% | +0.68% |
AGOX vs. YCS - Expense Ratio Comparison
AGOX has a 1.33% expense ratio, which is higher than YCS's 1.00% expense ratio.
Dividends
AGOX vs. YCS - Dividend Comparison
AGOX's dividend yield for the trailing twelve months is around 2.62%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 2.62% | 3.23% | 3.94% | 0.27% | 0.20% | 6.36% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGOX and YCS have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGOX has higher volatility (4.71%) compared to YCS (2.22%). In terms of maximum drawdown, AGOX dropped -26.93% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.50% vs 9.25% for AGOX. On fees, YCS is cheaper at 1.00% per year. On volatility, YCS has been the lower-risk option at 2.22%. 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 23.50% return vs 9.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YCS is cheaper with a 1.00% expense ratio, compared with 1.33% for AGOX.
AGOX has the higher dividend yield at 2.62%, compared with 0.00% for YCS.
AGOX is categorized as Tactical Allocation, while YCS is Leveraged Currency. They also come from different issuers: Adaptive Funds and ProShares. Their fees differ too: 1.33% for AGOX and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs 1.64), 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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