BOAT vs. YCS
BOAT (SonicShares Global Shipping ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - BOAT is a Transportation Equities fund tracking the Solactive Global Shipping Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 3 years, BOAT returned 28.90%/yr vs 18.37%/yr for YCS. At a correlation of -0.07, they often move in opposite directions. BOAT charges 0.69%/yr vs 1.00%/yr for YCS.
Performance
BOAT vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, BOAT achieves a 33.67% return, which is significantly higher than YCS's 9.63% return.
BOAT
- 1D
- 0.10%
- 1M
- -0.62%
- YTD
- 33.67%
- 6M
- 34.50%
- 1Y
- 49.12%
- 3Y*
- 28.90%
- 5Y*
- —
- 10Y*
- —
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%
BOAT vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 33.67% | 22.77% | 5.97% | 24.53% | 6.26% | 21.24% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 10.66% |
Correlation
The correlation between BOAT and YCS is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | -0.07 |
The correlation between BOAT and YCS shifts across timeframes, from -0.20 (1 year) to -0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BOAT vs. YCS — Risk / Return Rank
BOAT
YCS
BOAT vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) 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.
| BOAT | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.34 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 3.78 | +0.47 |
| Martin ratioReturn relative to average drawdown | 13.08 | 11.93 | +1.15 |
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Drawdowns
BOAT vs. YCS - Drawdown Comparison
The maximum BOAT drawdown since its inception was -33.94%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for BOAT and YCS.
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Drawdown Indicators
| BOAT | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -49.56% | +15.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -8.30% | -3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -33.94% | -23.05% | -10.89% |
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 | -3.87% | -0.14% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -19.87% | +10.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 2.65% | +1.15% |
Volatility
BOAT vs. YCS - Volatility Comparison
SonicShares Global Shipping ETF (BOAT) has a higher volatility of 6.09% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that BOAT'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
| BOAT | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 2.25% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 12.19% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.72% | 16.93% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.05% | 21.10% | +3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.05% | 18.82% | +6.23% |
BOAT vs. YCS - Expense Ratio Comparison
BOAT has a 0.69% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
BOAT vs. YCS - Dividend Comparison
BOAT's dividend yield for the trailing twelve months is around 6.13%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 6.13% | 8.08% | 13.89% | 13.65% | 13.57% | 1.36% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BOAT and YCS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOAT has higher volatility (6.09%) compared to YCS (2.25%). In terms of maximum drawdown, BOAT dropped -33.94% vs YCS's -49.56%.
On 3-year performance, BOAT leads with 28.90% vs 18.37% for YCS. On fees, BOAT 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 3-year period, BOAT has performed better with a 28.90% return vs 18.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BOAT is cheaper with a 0.69% expense ratio, compared with 1.00% for YCS.
BOAT has the higher dividend yield at 6.13%, compared with 0.00% for YCS.
BOAT is categorized as Transportation Equities, while YCS is Leveraged Currency. BOAT tracks Solactive Global Shipping Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Tidal Investments and ProShares. Their fees differ too: 0.69% for BOAT and 1.00% for YCS.
BOAT currently has the higher Sharpe Ratio (2.50 vs 1.86), 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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