BIZD vs. YCS
BIZD (VanEck BDC Income ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, BIZD returned 7.56%/yr vs 13.62%/yr for YCS. At a 0.11 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 1.00%/yr for YCS.
Performance
BIZD vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, BIZD achieves a -9.87% return, which is significantly lower than YCS's 9.63% return. Over the past 10 years, BIZD has underperformed YCS with an annualized return of 7.56%, while YCS has yielded a comparatively higher 13.62% annualized return.
BIZD
- 1D
- 0.65%
- 1M
- -0.65%
- YTD
- -9.87%
- 6M
- -8.40%
- 1Y
- -12.75%
- 3Y*
- 5.35%
- 5Y*
- 3.92%
- 10Y*
- 7.56%
YCS
- 1D
- -0.14%
- 1M
- 3.57%
- YTD
- 9.63%
- 6M
- 10.44%
- 1Y
- 31.27%
- 3Y*
- 18.37%
- 5Y*
- 23.52%
- 10Y*
- 13.62%
BIZD vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | -9.87% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between BIZD and YCS is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.11 |
The correlation between BIZD and YCS shifts across timeframes, from -0.08 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BIZD vs. YCS — Risk / Return Rank
BIZD
YCS
BIZD vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) 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.
| BIZD | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.34 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 3.78 | -4.36 |
| Martin ratioReturn relative to average drawdown | -0.96 | 11.93 | -12.89 |
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Drawdowns
BIZD vs. YCS - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for BIZD and YCS.
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Drawdown Indicators
| BIZD | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -49.56% | -5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -8.30% | -13.92% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -23.05% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -27.32% | +4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | -27.32% | -28.12% |
Current DrawdownCurrent decline from peak | -20.05% | -0.14% | -19.91% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -19.87% | +13.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.30% | 2.65% | +10.65% |
Volatility
BIZD vs. YCS - Volatility Comparison
VanEck BDC Income ETF (BIZD) has a higher volatility of 5.60% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that BIZD'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
| BIZD | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 2.25% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.19% | 12.19% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 16.93% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 21.10% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 18.82% | +2.96% |
BIZD vs. YCS - Expense Ratio Comparison
BIZD has a 12.86% expense ratio, which is higher than YCS's 1.00% expense ratio.
Dividends
BIZD vs. YCS - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 14.01%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 14.01% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIZD and YCS have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.60%) compared to YCS (2.25%). In terms of maximum drawdown, BIZD dropped -55.44% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.62% vs 7.56% for BIZD. On fees, YCS is cheaper at 1.00% per year. On volatility, YCS has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YCS has performed better with a 13.62% return vs 7.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YCS is cheaper with a 1.00% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 14.01%, compared with 0.00% for YCS.
BIZD is categorized as Financials Equities, while YCS is Leveraged Currency. BIZD tracks MVIS US Business Development Companies Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: VanEck and ProShares. Their fees differ too: 12.86% for BIZD and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -0.69), 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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