BKF vs. YCS
BKF (iShares MSCI BRIC ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - BKF is a Asia Pacific Equities fund tracking the MSCI BRIC Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, BKF returned 4.92%/yr vs 13.62%/yr for YCS. At a 0.10 correlation, their price movements are largely independent. BKF charges 0.69%/yr vs 1.00%/yr for YCS.
Performance
BKF vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, BKF achieves a -10.85% return, which is significantly lower than YCS's 9.63% return. Over the past 10 years, BKF has underperformed YCS with an annualized return of 4.92%, while YCS has yielded a comparatively higher 13.62% annualized return.
BKF
- 1D
- -2.58%
- 1M
- -3.70%
- YTD
- -10.85%
- 6M
- -11.19%
- 1Y
- -2.61%
- 3Y*
- 6.90%
- 5Y*
- -4.53%
- 10Y*
- 4.92%
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%
BKF vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKF iShares MSCI BRIC ETF | -10.85% | 22.30% | 9.24% | 1.27% | -21.78% | -11.87% | 16.52% | 22.93% | -13.80% | 41.80% |
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 BKF 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 (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | 0.10 |
The correlation between BKF and YCS shifts across timeframes, from -0.23 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BKF vs. YCS — Risk / Return Rank
BKF
YCS
BKF vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI BRIC ETF (BKF) 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.
| BKF | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.34 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 3.78 | -3.96 |
| Martin ratioReturn relative to average drawdown | -0.44 | 11.93 | -12.37 |
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Drawdowns
BKF vs. YCS - Drawdown Comparison
The maximum BKF drawdown since its inception was -70.29%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for BKF and YCS.
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Drawdown Indicators
| BKF | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -49.56% | -20.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -8.30% | -6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -23.05% | +4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -44.94% | -27.32% | -17.62% |
Max Drawdown (10Y)Largest decline over 10 years | -49.20% | -27.32% | -21.88% |
Current DrawdownCurrent decline from peak | -27.80% | -0.14% | -27.66% |
Average DrawdownAverage peak-to-trough decline | -28.10% | -19.87% | -8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 2.65% | +3.26% |
Volatility
BKF vs. YCS - Volatility Comparison
iShares MSCI BRIC ETF (BKF) has a higher volatility of 5.42% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that BKF'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
| BKF | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 2.25% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 12.19% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 16.93% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.59% | 21.10% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 18.82% | +2.91% |
BKF vs. YCS - Expense Ratio Comparison
BKF has a 0.69% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
BKF vs. YCS - Dividend Comparison
BKF's dividend yield for the trailing twelve months is around 1.63%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKF iShares MSCI BRIC ETF | 1.63% | 1.79% | 2.37% | 1.68% | 2.04% | 2.93% | 1.02% | 1.66% | 2.33% | 1.51% | 1.82% | 3.15% |
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
BKF 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.
BKF has higher volatility (5.42%) compared to YCS (2.25%). In terms of maximum drawdown, BKF dropped -70.29% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.62% vs 4.92% for BKF. On fees, BKF is cheaper at 0.69% 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 4.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKF is cheaper with a 0.69% expense ratio, compared with 1.00% for YCS.
BKF has the higher dividend yield at 1.63%, compared with 0.00% for YCS.
BKF is categorized as Asia Pacific Equities, while YCS is Leveraged Currency. BKF tracks MSCI BRIC Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.69% for BKF and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 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.
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