CORP vs. YCS
CORP (PIMCO Investment Grade Corporate Bond Index ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - CORP is a Corporate Bonds fund tracking the ICE BofA US Corporate, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, CORP returned 2.46%/yr vs 13.76%/yr for YCS. Their -0.39 correlation means they have often moved in opposite directions in the past. CORP charges 0.20%/yr vs 1.00%/yr for YCS.
Performance
CORP vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, CORP achieves a -0.47% return, which is significantly lower than YCS's 7.29% return. Over the past 10 years, CORP has underperformed YCS with an annualized return of 2.46%, while YCS has yielded a comparatively higher 13.76% annualized return.
CORP
- 1D
- -0.20%
- 1M
- -1.49%
- 6M
- -0.82%
- YTD
- -0.47%
- 1Y
- 2.13%
- 3Y*
- 5.11%
- 5Y*
- 0.17%
- 10Y*
- 2.46%
- ALL TIME*
- 3.46%
YCS
- 1D
- -0.84%
- 1M
- -2.27%
- 6M
- 9.33%
- YTD
- 7.29%
- 1Y
- 25.05%
- 3Y*
- 17.34%
- 5Y*
- 23.55%
- 10Y*
- 13.76%
- ALL TIME*
- 6.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.28M | $6.24M | $6.70M | |
| $1.53M | $2.43M | $1.42M |
CORP vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | -0.47% | 7.96% | 2.47% | 9.13% | -14.96% | -1.18% | 9.70% | 14.80% | -3.29% | 6.56% |
YCS ProShares UltraShort Yen | 7.29% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between CORP and YCS is -0.43, 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. | -0.43 |
Correlation (3Y) Balances recent behavior with more history. | -0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2010 | -0.39 |
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Return for Risk
CORP vs. YCS — Risk / Return Rank
CORP
YCS
CORP vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Corporate Bond Index ETF (CORP) 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.
| CORP | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 2.35 | -1.32 |
| Martin ratioReturn relative to average drawdown | 2.92 | 8.93 | -6.00 |
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Drawdowns
CORP vs. YCS - Drawdown Comparison
The maximum CORP drawdown since its inception was -21.21%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for CORP and YCS.
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Drawdown Indicators
| CORP | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.21% | -49.56% | +28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -8.30% | +5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -23.05% | +18.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -27.32% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | -27.32% | +6.11% |
Current DrawdownCurrent decline from peak | -2.08% | -5.68% | +3.60% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -19.75% | +16.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.64% | -1.63% |
Volatility
CORP vs. YCS - Volatility Comparison
The current volatility for PIMCO Investment Grade Corporate Bond Index ETF (CORP) is 1.12%, while ProShares UltraShort Yen (YCS) has a volatility of 5.30%. This indicates that CORP experiences smaller price fluctuations and is considered to be less risky 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
| CORP | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 5.30% | -4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 11.65% | -8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 16.85% | -12.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.89% | 21.16% | -14.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 18.61% | -11.53% |
CORP vs. YCS - Expense Ratio Comparison
CORP has a 0.20% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
CORP vs. YCS - Dividend Comparison
CORP's dividend yield for the trailing twelve months is around 4.94%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | 4.53% | 4.77% | 4.74% | 4.12% | 3.28% | 2.51% | 2.90% | 3.25% | 3.18% | 3.08% | 2.91% | 3.14% |
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
CORP and YCS have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (5.30%) compared to CORP (1.12%). In terms of maximum drawdown, CORP dropped -21.21% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.76% vs 2.46% for CORP. On fees, CORP is cheaper at 0.20% per year. On volatility, CORP has been the lower-risk option at 1.12%. 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 13.76% return vs 2.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CORP is cheaper with a 0.20% expense ratio, compared with 1.00% for YCS.
CORP has the higher dividend yield at 4.53%, compared with 0.00% for YCS.
CORP is categorized as Corporate Bonds, while YCS is Leveraged Currency. CORP tracks ICE BofA US Corporate, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: PIMCO and ProShares. Their fees differ too: 0.20% for CORP and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.16 vs 0.72), 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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