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AOM vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AOM vs. YCS

Last updated Jun 3, 2026

AOM (iShares Core Moderate Allocation ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - AOM is a Diversified Portfolio fund tracking the S&P Target Risk Moderate, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, AOM returned 6.27%/yr vs 12.32%/yr for YCS. At a correlation of -0.00, they often move in opposite directions. AOM charges 0.25%/yr vs 1.00%/yr for YCS.

Performance

AOM vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Moderate Allocation ETF (AOM) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AOM achieves a 5.49% return, which is significantly lower than YCS's 6.99% return. Over the past 10 years, AOM has underperformed YCS with an annualized return of 6.27%, while YCS has yielded a comparatively higher 12.32% annualized return.

AOM

1D
0.22%
1M
2.21%
YTD
5.49%
6M
6.11%
1Y
15.19%
3Y*
11.04%
5Y*
5.00%
10Y*
6.27%

YCS

1D
0.03%
1M
4.27%
YTD
6.99%
6M
8.81%
1Y
35.19%
3Y*
19.77%
5Y*
23.16%
10Y*
12.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AOM vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AOM
iShares Core Moderate Allocation ETF		5.49%13.28%7.95%12.38%-14.54%6.93%10.02%15.58%-3.88%11.63%
YCS
ProShares UltraShort Yen		6.99%9.04%35.41%28.70%29.09%22.38%-11.18%3.37%-1.49%-6.57%

Correlation

The correlation between AOM and YCS is -0.40, 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

-0.40

Correlation (3Y)
Calculated over the trailing 3-year period

-0.29

Correlation (5Y)
Calculated over the trailing 5-year period

-0.28

Correlation (10Y)
Calculated over the trailing 10-year period

-0.14

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2008

-0.00

Over the past year, the inverse relationship between AOM and YCS has strengthened: their correlation has moved from -0.00 to -0.40, meaning they now move in opposite directions more often than their long-term average.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core Moderate Allocation ETF

ProShares UltraShort Yen

Often compared with AOM:
AOM vs. AORAOM vs. AOKAOM vs. AOAAOM vs. VSMGXAOM vs. VOOAOM vs. VSCGXAOM vs. ABALX
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

AOM vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AOM
AOM Risk / Return Rank: 6969
Overall Rank
AOM Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
AOM Sortino Ratio Rank: 7474
Sortino Ratio Rank
AOM Omega Ratio Rank: 7373
Omega Ratio Rank
AOM Calmar Ratio Rank: 5959
Calmar Ratio Rank
AOM Martin Ratio Rank: 6969
Martin Ratio Rank
YCS
YCS Risk / Return Rank: 6363
Overall Rank
YCS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 5353
Sortino Ratio Rank
YCS Omega Ratio Rank: 6060
Omega Ratio Rank
YCS Calmar Ratio Rank: 7777
Calmar Ratio Rank
YCS Martin Ratio Rank: 6666
Martin Ratio Rank
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.

AOM vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Moderate Allocation ETF (AOM) 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.

AOMYCSDifference

Sharpe ratio

Return per unit of total volatility

2.34

2.05

+0.29

Sortino ratio

Return per unit of downside risk

3.38

2.59

+0.80

Omega ratio

Gain probability vs. loss probability

1.44

1.37

+0.07

Calmar ratio

Return relative to maximum drawdown

2.99

3.95

-0.96

Martin ratio

Return relative to average drawdown

13.07

12.35

+0.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AOM vs. YCS - Sharpe Ratio Comparison

The current AOM Sharpe Ratio is 2.34, which is comparable to the YCS Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of AOM and YCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AOMYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.34

2.05

+0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

1.10

-0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.65

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.33

+0.37

Drawdowns

AOM vs. YCS - Drawdown Comparison

The maximum AOM drawdown since its inception was -19.96%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for AOM and YCS.

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Drawdown Indicators

AOMYCSDifference

Max Drawdown

Largest peak-to-trough decline

-19.96%

-49.56%

+29.60%

Max Drawdown (1Y)

Largest decline over 1 year

-5.11%

-8.30%

+3.19%

Max Drawdown (3Y)

Largest decline over 3 years

-6.85%

-23.05%

+16.20%

Max Drawdown (5Y)

Largest decline over 5 years

-19.96%

-27.32%

+7.36%

Max Drawdown (10Y)

Largest decline over 10 years

-19.96%

-27.32%

+7.36%

Current Drawdown

Current decline from peak

0.00%

-0.04%

+0.04%

Average Drawdown

Average peak-to-trough decline

-2.70%

-19.94%

+17.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.17%

2.66%

-1.49%

Volatility

AOM vs. YCS - Volatility Comparison

The current volatility for iShares Core Moderate Allocation ETF (AOM) is 2.15%, while ProShares UltraShort Yen (YCS) has a volatility of 2.75%. This indicates that AOM experiences smaller price fluctuations and is considered to be less risky 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

AOMYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.15%

2.75%

-0.60%

Volatility (6M)

Calculated over the trailing 6-month period

5.21%

12.36%

-7.15%

Volatility (1Y)

Calculated over the trailing 1-year period

6.53%

17.38%

-10.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.14%

21.11%

-12.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.93%

19.02%

-11.09%

AOM vs. YCS - Expense Ratio Comparison

AOM has a 0.25% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

AOM vs. YCS - Dividend Comparison

AOM's dividend yield for the trailing twelve months is around 2.97%, while YCS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
AOM
iShares Core Moderate Allocation ETF		2.97%2.98%3.10%2.79%2.27%1.56%2.02%2.66%2.53%3.31%2.14%1.98%
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

AOM and YCS have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

YCS has higher volatility (2.75%) compared to AOM (2.15%). In terms of maximum drawdown, AOM dropped -19.96% vs YCS's -49.56%.

On 10-year performance, YCS leads with 12.32% vs 6.27% for AOM. On fees, AOM is cheaper at 0.25% per year. On volatility, AOM has been the lower-risk option at 2.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, YCS has performed better with a 12.32% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AOM is cheaper with a 0.25% expense ratio, compared with 1.00% for YCS.

AOM has the higher dividend yield at 2.97%, compared with 0.00% for YCS.

AOM is categorized as Diversified Portfolio, while YCS is Leveraged Currency. AOM tracks S&P Target Risk Moderate, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.25% for AOM and 1.00% for YCS.

AOM currently has the higher Sharpe Ratio (2.34 vs 2.05), 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.

Portfolio Optimizer

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