CHIQ vs. YCS
CHIQ (Global X MSCI China Consumer Discretionary ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - CHIQ is a China Equities fund tracking the MSCI China Consumer Discretionary 10/50 Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, CHIQ returned 6.32%/yr vs 13.35%/yr for YCS. Their 0.09 correlation means their historical movements had little consistent relationship. CHIQ charges 0.65%/yr vs 1.00%/yr for YCS.
Performance
CHIQ vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, CHIQ achieves a -12.61% return, which is significantly lower than YCS's 5.42% return. Over the past 10 years, CHIQ has underperformed YCS with an annualized return of 6.32%, while YCS has yielded a comparatively higher 13.35% annualized return.
CHIQ
- 1D
- -0.78%
- 1M
- 13.46%
- 6M
- -11.03%
- YTD
- -12.61%
- 1Y
- -11.86%
- 3Y*
- -1.64%
- 5Y*
- -8.27%
- 10Y*
- 6.32%
- ALL TIME*
- 2.17%
YCS
- 1D
- 1.26%
- 1M
- -3.97%
- 6M
- 6.17%
- YTD
- 5.42%
- 1Y
- 23.44%
- 3Y*
- 17.45%
- 5Y*
- 23.10%
- 10Y*
- 13.35%
- ALL TIME*
- 6.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.03M | $735.04K | $809.72K | |
| $2.54M | $2.29M | $1.59M |
CHIQ vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | -12.61% | 13.69% | 10.74% | -10.70% | -22.01% | -27.07% | 92.61% | 44.19% | -28.65% | 67.74% |
YCS ProShares UltraShort Yen | 5.42% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between CHIQ and YCS is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | -0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2009 | 0.09 |
The correlation between CHIQ and YCS shifts across timeframes, from -0.18 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CHIQ vs. YCS — Risk / Return Rank
CHIQ
YCS
CHIQ vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) 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.
| CHIQ | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.28 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 2.78 | -3.11 |
| Martin ratioReturn relative to average drawdown | -0.71 | 10.25 | -10.96 |
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Drawdowns
CHIQ vs. YCS - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for CHIQ and YCS.
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Drawdown Indicators
| CHIQ | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.04% | -49.56% | -17.48% |
Max Drawdown (1Y)Largest decline over 1 year | -35.53% | -8.48% | -27.05% |
Max Drawdown (3Y)Largest decline over 3 years | -35.53% | -23.05% | -12.48% |
Max Drawdown (5Y)Largest decline over 5 years | -54.89% | -27.32% | -27.57% |
Max Drawdown (10Y)Largest decline over 10 years | -67.04% | -27.32% | -39.72% |
Current DrawdownCurrent decline from peak | -54.15% | -7.32% | -46.83% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -19.75% | -11.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.85% | 2.29% | +14.56% |
Volatility
CHIQ vs. YCS - Volatility Comparison
Global X MSCI China Consumer Discretionary ETF (CHIQ) has a higher volatility of 6.69% compared to ProShares UltraShort Yen (YCS) at 5.95%. This indicates that CHIQ'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
| CHIQ | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 5.95% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 11.87% | +4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.16% | 16.44% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.29% | 21.21% | +16.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.47% | 18.61% | +13.86% |
CHIQ vs. YCS - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
CHIQ vs. YCS - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 1.54%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 1.54% | 1.48% | 2.65% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% |
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
CHIQ 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.
CHIQ has higher volatility (6.69%) compared to YCS (5.95%). In terms of maximum drawdown, CHIQ dropped -67.04% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.35% vs 6.32% for CHIQ. On fees, CHIQ is cheaper at 0.65% per year. On volatility, YCS has been the lower-risk option at 5.95%. 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 13.35% return vs 6.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CHIQ is cheaper with a 0.65% expense ratio, compared with 1.00% for YCS.
CHIQ has the higher dividend yield at 1.54%, compared with 0.00% for YCS.
CHIQ is categorized as China Equities, while YCS is Leveraged Currency. CHIQ tracks MSCI China Consumer Discretionary 10/50 Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Global X and ProShares. Their fees differ too: 0.65% for CHIQ and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.43 vs -0.52), 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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