AUGZ vs. YCS
AUGZ (TrueShares Structured Outcome (August) ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - AUGZ is a Defined Outcome fund tracking the S&P 500 Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, AUGZ returned 10.53%/yr vs 23.50%/yr for YCS. At a correlation of -0.03, they often move in opposite directions. AUGZ charges 0.79%/yr vs 1.00%/yr for YCS.
Performance
AUGZ vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, AUGZ achieves a 7.08% return, which is significantly lower than YCS's 9.78% return.
AUGZ
- 1D
- -0.39%
- 1M
- 0.08%
- YTD
- 7.08%
- 6M
- 6.74%
- 1Y
- 19.59%
- 3Y*
- 15.58%
- 5Y*
- 10.53%
- 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%
AUGZ vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 7.08% | 13.49% | 17.99% | 17.32% | -10.41% | 20.74% | 11.22% |
YCS ProShares UltraShort Yen | 9.78% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -5.30% |
Correlation
The correlation between AUGZ and YCS is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2020 | -0.03 |
The correlation between AUGZ and YCS shifts across timeframes, from -0.19 (1 year) to -0.02 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AUGZ vs. YCS — Risk / Return Rank
AUGZ
YCS
AUGZ vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (August) ETF (AUGZ) 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.
| AUGZ | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 3.79 | -1.07 |
| Martin ratioReturn relative to average drawdown | 11.29 | 11.86 | -0.57 |
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Drawdowns
AUGZ vs. YCS - Drawdown Comparison
The maximum AUGZ drawdown since its inception was -15.67%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for AUGZ and YCS.
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Drawdown Indicators
| AUGZ | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -49.56% | +33.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -8.30% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -23.05% | +8.53% |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | -27.32% | +11.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -1.64% | 0.00% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -19.88% | +16.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.65% | -0.91% |
Volatility
AUGZ vs. YCS - Volatility Comparison
TrueShares Structured Outcome (August) ETF (AUGZ) has a higher volatility of 3.84% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that AUGZ'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
| AUGZ | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 2.22% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 12.19% | -4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 16.96% | -6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.05% | 21.10% | -9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.14% | 18.96% | -6.82% |
AUGZ vs. YCS - Expense Ratio Comparison
AUGZ has a 0.79% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
AUGZ vs. YCS - Dividend Comparison
AUGZ's dividend yield for the trailing twelve months is around 3.39%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.39% | 3.63% | 4.08% | 3.42% | 0.41% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AUGZ and YCS have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AUGZ has higher volatility (3.84%) compared to YCS (2.22%). In terms of maximum drawdown, AUGZ dropped -15.67% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.50% vs 10.53% for AUGZ. On fees, AUGZ is cheaper at 0.79% 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 10.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AUGZ is cheaper with a 0.79% expense ratio, compared with 1.00% for YCS.
AUGZ has the higher dividend yield at 3.39%, compared with 0.00% for YCS.
AUGZ is categorized as Defined Outcome, while YCS is Leveraged Currency. AUGZ tracks S&P 500 Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: TrueShares and ProShares. Their fees differ too: 0.79% for AUGZ and 1.00% for YCS.
AUGZ currently has the higher Sharpe Ratio (1.97 vs 1.86), 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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