BALQ vs. YCS
BALQ (iShares Nasdaq Premium Income Active ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - BALQ is a Nasdaq-100 fund actively managed by iShares, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). BALQ is actively managed, while YCS is passively managed. At a correlation of -0.23, they often move in opposite directions. BALQ charges 0.35%/yr vs 1.00%/yr for YCS.
Performance
BALQ vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, BALQ achieves a 17.95% return, which is significantly higher than YCS's 10.06% return.
BALQ
- 1D
- -0.54%
- 1M
- -0.66%
- YTD
- 17.95%
- 6M
- 16.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YCS
- 1D
- 0.39%
- 1M
- 3.97%
- YTD
- 10.06%
- 6M
- 11.27%
- 1Y
- 34.18%
- 3Y*
- 18.53%
- 5Y*
- 23.65%
- 10Y*
- 13.66%
BALQ vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 17.95% | 0.04% |
YCS ProShares UltraShort Yen | 10.06% | 1.70% |
Correlation
The correlation between BALQ and YCS is -0.23, 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 (All Time) Calculated using the full available price history since Dec 3, 2025 | -0.23 |
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Return for Risk
BALQ vs. YCS — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
YCS
BALQ vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) 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.
| BALQ | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.14 | — |
| Martin ratioReturn relative to average drawdown | — | 13.04 | — |
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Drawdowns
BALQ vs. YCS - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for BALQ and YCS.
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Drawdown Indicators
| BALQ | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -49.56% | +37.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.30% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -4.23% | 0.00% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -19.87% | +17.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.63% | — |
Volatility
BALQ vs. YCS - Volatility Comparison
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Volatility by Period
| BALQ | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.56% | 16.93% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.56% | 21.10% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.56% | 18.82% | +1.74% |
BALQ vs. YCS - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
BALQ vs. YCS - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 4.78%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.78% | 0.95% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% |
Frequently Asked Questions
BALQ and YCS have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BALQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BALQ is cheaper with a 0.35% expense ratio, compared with 1.00% for YCS.
BALQ has the higher dividend yield at 4.78%, compared with 0.00% for YCS.
BALQ is categorized as Nasdaq-100, while YCS is Leveraged Currency. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.35% for BALQ and 1.00% for YCS.
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