BINV vs. YCS
BINV (Brandes International ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - BINV is a Foreign Large Cap Equities fund actively managed by Brandes, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). BINV is actively managed, while YCS is passively managed. Over the past year, BINV returned 22.43% vs 32.82% for YCS. At a correlation of -0.28, they often move in opposite directions. BINV charges 0.70%/yr vs 1.00%/yr for YCS.
Performance
BINV vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, BINV achieves a 5.45% return, which is significantly lower than YCS's 7.17% return.
BINV
- 1D
- -1.21%
- 1M
- 0.62%
- YTD
- 5.45%
- 6M
- 7.37%
- 1Y
- 22.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YCS
- 1D
- 0.17%
- 1M
- 4.42%
- YTD
- 7.17%
- 6M
- 10.05%
- 1Y
- 32.82%
- 3Y*
- 19.84%
- 5Y*
- 23.54%
- 10Y*
- 12.34%
BINV vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BINV Brandes International ETF | 5.45% | 37.84% | 7.71% | 12.66% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | -7.15% |
Correlation
The correlation between BINV and YCS is -0.47, 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 | -0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2023 | -0.28 |
The correlation between BINV and YCS shifts across timeframes, from -0.47 (1 year) to -0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BINV vs. YCS — Risk / Return Rank
BINV
YCS
BINV vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes International ETF (BINV) 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.
| BINV | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 3.97 | -2.01 |
| Martin ratioReturn relative to average drawdown | 6.79 | 12.40 | -5.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BINV | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.92 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.33 | +1.29 |
Drawdowns
BINV vs. YCS - Drawdown Comparison
The maximum BINV drawdown since its inception was -14.91%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for BINV and YCS.
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Drawdown Indicators
| BINV | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.91% | -49.56% | +34.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.50% | -8.30% | -3.20% |
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 | -5.31% | 0.00% | -5.31% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -19.93% | +17.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.66% | +0.65% |
Volatility
BINV vs. YCS - Volatility Comparison
Brandes International ETF (BINV) has a higher volatility of 4.15% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that BINV'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
| BINV | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 2.75% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 12.32% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 17.27% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 21.10% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 19.01% | -4.24% |
BINV vs. YCS - Expense Ratio Comparison
BINV has a 0.70% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
BINV vs. YCS - Dividend Comparison
BINV's dividend yield for the trailing twelve months is around 2.08%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BINV Brandes International ETF | 2.08% | 2.23% | 2.40% | 0.28% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BINV and YCS have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BINV has higher volatility (4.15%) compared to YCS (2.75%). In terms of maximum drawdown, BINV dropped -14.91% vs YCS's -49.56%.
On 1-year performance, YCS leads with 32.82% vs 22.43% for BINV. On fees, BINV is cheaper at 0.70% per year. On volatility, YCS has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YCS has performed better with a 32.82% return vs 22.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BINV is cheaper with a 0.70% expense ratio, compared with 1.00% for YCS.
BINV has the higher dividend yield at 2.08%, compared with 0.00% for YCS.
BINV is categorized as Foreign Large Cap Equities, while YCS is Leveraged Currency. They also come from different issuers: Brandes and ProShares. Their fees differ too: 0.70% for BINV and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.92 vs 1.62), 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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