CCNR vs. YCS

Last updated Jun 4, 2026

CCNR (ALPS/CoreCommodity Natural Resources ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - CCNR is a Commodity Producers Equities fund actively managed by ALPS, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). CCNR is actively managed, while YCS is passively managed. Over the past year, CCNR returned 69.39% vs 32.82% for YCS. At a correlation of -0.12, they often move in opposite directions. CCNR charges 0.39%/yr vs 1.00%/yr for YCS.

Performance

CCNR vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/CoreCommodity Natural Resources ETF (CCNR) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCNR achieves a 27.16% return, which is significantly higher than YCS's 7.17% return.

CCNR

• 1D: -0.85%
• 1M: 1.95%
• YTD: 27.16%
• 6M: 30.28%
• 1Y: 69.39%
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCNR vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CCNR ALPS/CoreCommodity Natural Resources ETF	27.16%	46.48%	-8.12%
YCS ProShares UltraShort Yen	7.17%	9.04%	0.83%

Correlation

The correlation between CCNR and YCS is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Jul 12, 2024	-0.12

Return for Risk

CCNR vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCNR

CCNR Risk / Return Rank: 95
CCNR Sharpe Ratio Rank: 95
CCNR Sortino Ratio Rank: 93
CCNR Omega Ratio Rank: 93
CCNR Calmar Ratio Rank: 97
CCNR Martin Ratio Rank: 96

YCS

YCS Risk / Return Rank: 61
YCS Sharpe Ratio Rank: 56
YCS Sortino Ratio Rank: 49
YCS Omega Ratio Rank: 56
YCS Calmar Ratio Rank: 78
YCS Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCNR vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/CoreCommodity Natural Resources ETF (CCNR) 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.

	CCNR	YCS	Difference
Sharpe ratio: Return per unit of total volatility	3.94	1.92	+2.02
Sortino ratio: Return per unit of downside risk	4.76	2.44	+2.32
Omega ratio: Gain probability vs. loss probability	1.65	1.35	+0.30
Calmar ratio: Return relative to maximum drawdown	10.78	3.97	+6.81
Martin ratio: Return relative to average drawdown	35.10	12.40	+22.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCNR vs. YCS - Sharpe Ratio Comparison

The current CCNR Sharpe Ratio is 3.94, which is higher than the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of CCNR and YCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CCNR	YCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.94	1.92	+2.02
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	1.66	0.33	+1.33

Drawdowns

CCNR vs. YCS - Drawdown Comparison

The maximum CCNR drawdown since its inception was -20.06%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for CCNR and YCS.

Drawdown Indicators

	CCNR	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-20.06%	-49.56%	+29.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-8.30%	+1.83%
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 Drawdown Current decline from peak	-1.14%	0.00%	-1.14%
Average Drawdown Average peak-to-trough decline	-3.56%	-19.93%	+16.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.66%	-0.68%

Volatility

CCNR vs. YCS - Volatility Comparison

ALPS/CoreCommodity Natural Resources ETF (CCNR) has a higher volatility of 4.48% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that CCNR'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.

Volatility by Period

	CCNR	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	2.75%	+1.73%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	12.32%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	17.74%	17.27%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	21.10%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.85%	19.01%	+0.84%

CCNR vs. YCS - Expense Ratio Comparison

CCNR has a 0.39% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

CCNR vs. YCS - Dividend Comparison

CCNR's dividend yield for the trailing twelve months is around 2.74%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024
CCNR ALPS/CoreCommodity Natural Resources ETF	2.74%	3.48%	1.27%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CCNR and YCS in my portfolio?

CCNR and YCS have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCNR or YCS?

CCNR has higher volatility (4.48%) compared to YCS (2.75%). In terms of maximum drawdown, CCNR dropped -20.06% vs YCS's -49.56%.

Which ETF is better, CCNR or YCS?

On 1-year performance, CCNR leads with 69.39% vs 32.82% for YCS. On fees, CCNR is cheaper at 0.39% 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.

Which ETF has performed better, CCNR or YCS?

Over the 1-year period, CCNR has performed better with a 69.39% return vs 32.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCNR or YCS?

CCNR is cheaper with a 0.39% expense ratio, compared with 1.00% for YCS.

Which ETF pays a higher dividend yield, CCNR or YCS?

CCNR has the higher dividend yield at 2.74%, compared with 0.00% for YCS.

What is the main difference between CCNR and YCS?

CCNR is categorized as Commodity Producers Equities, while YCS is Leveraged Currency. They also come from different issuers: ALPS and ProShares. Their fees differ too: 0.39% for CCNR and 1.00% for YCS.

Which has better risk-adjusted returns?

CCNR currently has the higher Sharpe Ratio (3.94 vs 1.92), 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.