ARKW vs. YCS
ARKW (ARK Next Generation Internet ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - ARKW is a Mid Cap Growth Equities fund actively managed by ARK, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). ARKW is actively managed, while YCS is passively managed. Over the past 10 years, ARKW returned 22.53%/yr vs 13.62%/yr for YCS. At a 0.07 correlation, their price movements are largely independent. ARKW charges 0.76%/yr vs 1.00%/yr for YCS.
Performance
ARKW vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, ARKW achieves a -4.76% return, which is significantly lower than YCS's 9.63% return. Over the past 10 years, ARKW has outperformed YCS with an annualized return of 22.53%, while YCS has yielded a comparatively lower 13.62% annualized return.
ARKW
- 1D
- -1.79%
- 1M
- -3.15%
- YTD
- -4.76%
- 6M
- -7.39%
- 1Y
- -0.64%
- 3Y*
- 36.73%
- 5Y*
- -1.21%
- 10Y*
- 22.53%
YCS
- 1D
- -0.14%
- 1M
- 3.57%
- YTD
- 9.63%
- 6M
- 10.44%
- 1Y
- 31.27%
- 3Y*
- 18.37%
- 5Y*
- 23.52%
- 10Y*
- 13.62%
ARKW vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | -4.76% | 38.93% | 42.27% | 96.89% | -67.49% | -18.85% | 157.44% | 35.76% | 4.24% | 87.29% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between ARKW and YCS is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.07 |
The correlation between ARKW and YCS shifts across timeframes, from -0.12 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARKW vs. YCS — Risk / Return Rank
ARKW
YCS
ARKW vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) 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.
| ARKW | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.34 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.78 | -3.80 |
| Martin ratioReturn relative to average drawdown | -0.04 | 11.93 | -11.96 |
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Drawdowns
ARKW vs. YCS - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.52%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for ARKW and YCS.
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Drawdown Indicators
| ARKW | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.52% | -49.56% | -30.96% |
Max Drawdown (1Y)Largest decline over 1 year | -36.21% | -8.30% | -27.91% |
Max Drawdown (3Y)Largest decline over 3 years | -36.21% | -23.05% | -13.16% |
Max Drawdown (5Y)Largest decline over 5 years | -77.36% | -27.32% | -50.04% |
Max Drawdown (10Y)Largest decline over 10 years | -80.52% | -27.32% | -53.20% |
Current DrawdownCurrent decline from peak | -23.67% | -0.14% | -23.53% |
Average DrawdownAverage peak-to-trough decline | -23.97% | -19.87% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.14% | 2.65% | +15.49% |
Volatility
ARKW vs. YCS - Volatility Comparison
ARK Next Generation Internet ETF (ARKW) has a higher volatility of 11.08% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that ARKW'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
| ARKW | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.08% | 2.25% | +8.83% |
Volatility (6M)Calculated over the trailing 6-month period | 24.74% | 12.19% | +12.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.81% | 16.93% | +15.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.66% | 21.10% | +22.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.78% | 18.82% | +18.96% |
ARKW vs. YCS - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
ARKW vs. YCS - Dividend Comparison
ARKW's dividend yield for the trailing twelve months is around 1.67%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 1.67% | 1.59% | 0.00% | 0.00% | 0.00% | 0.17% | 1.29% | 0.00% | 13.05% | 2.05% | 0.00% | 2.29% |
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
ARKW and YCS have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARKW has higher volatility (11.08%) compared to YCS (2.25%). In terms of maximum drawdown, ARKW dropped -80.52% vs YCS's -49.56%.
On 10-year performance, ARKW leads with 22.53% vs 13.62% for YCS. On fees, ARKW is cheaper at 0.76% per year. On volatility, YCS has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ARKW has performed better with a 22.53% return vs 13.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARKW is cheaper with a 0.76% expense ratio, compared with 1.00% for YCS.
ARKW has the higher dividend yield at 1.67%, compared with 0.00% for YCS.
ARKW is categorized as Mid Cap Growth Equities, while YCS is Leveraged Currency. They also come from different issuers: ARK and ProShares. Their fees differ too: 0.76% for ARKW and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -0.02), 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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