BBLB vs. YCS
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - BBLB is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 3 years, BBLB returned -0.80%/yr vs 17.45%/yr for YCS. Their -0.41 correlation means they have often moved in opposite directions in the past. BBLB charges 0.04%/yr vs 1.00%/yr for YCS.
Performance
BBLB vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBLB achieves a -2.53% return, which is significantly lower than YCS's 5.42% return.
BBLB
- 1D
- 0.72%
- 1M
- -2.86%
- 6M
- -2.32%
- YTD
- -2.53%
- 1Y
- -1.51%
- 3Y*
- -0.80%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.81%
YCS
- 1D
- 1.26%
- 1M
- -3.97%
- 6M
- 6.17%
- YTD
- 5.42%
- 1Y
- 23.44%
- 3Y*
- 17.45%
- 5Y*
- 23.10%
- 10Y*
- 13.35%
- ALL TIME*
- 6.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $2.54M | $2.29M | $1.59M |
BBLB vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -2.53% | 4.26% | -7.84% | -2.80% |
YCS ProShares UltraShort Yen | 5.42% | 9.04% | 35.41% | 18.71% |
Correlation
The correlation between BBLB and YCS is -0.34, 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. | -0.34 |
Correlation (3Y) Balances recent behavior with more history. | -0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | -0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBLB vs. YCS — Risk / Return Rank
BBLB
YCS
BBLB vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) 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.
| BBLB | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.28 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.78 | -2.97 |
| Martin ratioReturn relative to average drawdown | -0.42 | 10.25 | -10.68 |
Loading charts...
Drawdowns
BBLB vs. YCS - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for BBLB and YCS.
Loading charts...
Drawdown Indicators
| BBLB | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -49.56% | +28.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -8.48% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -23.05% | +8.38% |
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 | -10.92% | -7.32% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -19.75% | +10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.29% | +1.29% |
Volatility
BBLB vs. YCS - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) is 2.67%, while ProShares UltraShort Yen (YCS) has a volatility of 5.95%. This indicates that BBLB 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.
Loading charts...
Volatility by Period
| BBLB | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 5.95% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 11.87% | -4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 16.44% | -7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 21.21% | -7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 18.61% | -4.99% |
BBLB vs. YCS - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
BBLB vs. YCS - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.99% | 5.03% | 5.34% | 2.82% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBLB and YCS have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (5.95%) compared to BBLB (2.67%). In terms of maximum drawdown, BBLB dropped -21.06% vs YCS's -49.56%.
On 3-year performance, YCS leads with 17.45% vs -0.80% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, BBLB has been the lower-risk option at 2.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YCS has performed better with a 17.45% return vs -0.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBLB is cheaper with a 0.04% expense ratio, compared with 1.00% for YCS.
BBLB has the higher dividend yield at 4.99%, compared with 0.00% for YCS.
BBLB is categorized as Government Bonds, while YCS is Leveraged Currency. BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.04% for BBLB and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.43 vs -0.16), 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.
Find the right allocation for BBLB and YCS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer