BAR vs. YCS
BAR (GraniteShares Gold Trust) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, BAR returned 17.26%/yr vs 22.90%/yr for YCS. Their -0.41 correlation means they have often moved in opposite directions in the past. BAR charges 0.17%/yr vs 1.00%/yr for YCS.
Performance
BAR vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, BAR achieves a -6.10% return, which is significantly lower than YCS's 4.11% return.
BAR
- 1D
- 0.13%
- 1M
- -1.60%
- 6M
- -12.98%
- YTD
- -6.10%
- 1Y
- 20.54%
- 3Y*
- 27.61%
- 5Y*
- 17.26%
- 10Y*
- —
- ALL TIME*
- 13.26%
YCS
- 1D
- -2.97%
- 1M
- -5.17%
- 6M
- 5.08%
- YTD
- 4.11%
- 1Y
- 21.34%
- 3Y*
- 16.96%
- 5Y*
- 22.90%
- 10Y*
- 13.21%
- ALL TIME*
- 6.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.15M | $7.49M | $9.63M | |
| $2.37M | $2.29M | $1.56M |
BAR vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAR GraniteShares Gold Trust | -6.10% | 64.12% | 26.97% | 12.96% | -0.55% | -3.92% | 25.02% | 18.16% | -1.87% | -0.79% |
YCS ProShares UltraShort Yen | 4.11% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | 5.01% |
Correlation
The correlation between BAR and YCS is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | -0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2017 | -0.41 |
Over the past year, the inverse relationship between BAR and YCS has weakened: their correlation has moved from -0.41 to -0.21, meaning they move in opposite directions less often than they have historically.
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Return for Risk
BAR vs. YCS — Risk / Return Rank
BAR
YCS
BAR vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Trust (BAR) 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.
| BAR | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.53 | -1.74 |
| Martin ratioReturn relative to average drawdown | 1.68 | 9.53 | -7.85 |
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Drawdowns
BAR vs. YCS - Drawdown Comparison
The maximum BAR drawdown since its inception was -26.32%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for BAR and YCS.
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Drawdown Indicators
| BAR | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.32% | -49.56% | +23.24% |
Max Drawdown (1Y)Largest decline over 1 year | -26.32% | -8.48% | -17.84% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | -23.05% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.32% | -27.32% | +1.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -24.94% | -8.48% | -16.46% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -19.75% | +12.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.26% | 2.24% | +10.02% |
Volatility
BAR vs. YCS - Volatility Comparison
GraniteShares Gold Trust (BAR) and ProShares UltraShort Yen (YCS) have volatilities of 5.98% and 5.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAR | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 5.88% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 11.84% | +8.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.90% | 16.43% | +11.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 21.21% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 18.61% | -2.00% |
BAR vs. YCS - Expense Ratio Comparison
BAR has a 0.17% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
BAR vs. YCS - Dividend Comparison
Neither BAR nor YCS has paid dividends to shareholders.
Frequently Asked Questions
BAR and YCS have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAR has higher volatility (5.98%) compared to YCS (5.88%). In terms of maximum drawdown, BAR dropped -26.32% vs YCS's -49.56%.
On 5-year performance, YCS leads with 22.90% vs 17.26% for BAR. On fees, BAR is cheaper at 0.17% per year. On volatility, YCS has been the lower-risk option at 5.88%. 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 22.90% return vs 17.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BAR is cheaper with a 0.17% expense ratio, compared with 1.00% for YCS.
BAR and YCS have nearly identical dividend yields, around 0.00%.
BAR is categorized as Gold, while YCS is Leveraged Currency. BAR tracks LBMA Gold Price PM ($/ozt), while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: GraniteShares and ProShares. Their fees differ too: 0.17% for BAR and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.31 vs 0.74), 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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