CPER vs. YCS
CPER (United States Copper Index Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - CPER is a Metals fund tracking the SummerHaven Copper Index Total Return, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, CPER returned 11.24%/yr vs 12.32%/yr for YCS. At a correlation of -0.02, they often move in opposite directions. CPER charges 1.06%/yr vs 1.00%/yr for YCS.
Performance
CPER vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, CPER achieves a 16.13% return, which is significantly higher than YCS's 6.99% return. Over the past 10 years, CPER has underperformed YCS with an annualized return of 11.24%, while YCS has yielded a comparatively higher 12.32% annualized return.
CPER
- 1D
- 1.60%
- 1M
- 12.06%
- YTD
- 16.13%
- 6M
- 26.32%
- 1Y
- 33.68%
- 3Y*
- 20.89%
- 5Y*
- 8.13%
- 10Y*
- 11.24%
YCS
- 1D
- 0.03%
- 1M
- 4.27%
- YTD
- 6.99%
- 6M
- 8.81%
- 1Y
- 35.19%
- 3Y*
- 19.77%
- 5Y*
- 23.16%
- 10Y*
- 12.32%
CPER vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPER United States Copper Index Fund | 16.13% | 38.95% | 4.23% | 4.55% | -15.14% | 25.21% | 23.90% | 6.66% | -21.91% | 28.80% |
YCS ProShares UltraShort Yen | 6.99% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between CPER and YCS is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2011 | -0.02 |
Over the past year, the inverse relationship between CPER and YCS has strengthened: their correlation has moved from -0.02 to -0.22, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
CPER vs. YCS — Risk / Return Rank
CPER
YCS
CPER vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) 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.
| CPER | YCS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 2.05 | -1.06 |
Sortino ratioReturn per unit of downside risk | 1.34 | 2.59 | -1.25 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 3.95 | -2.40 |
Martin ratioReturn relative to average drawdown | 3.21 | 12.35 | -9.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPER | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 2.05 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 1.10 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.65 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.33 | -0.19 |
Drawdowns
CPER vs. YCS - Drawdown Comparison
The maximum CPER drawdown since its inception was -54.04%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for CPER and YCS.
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Drawdown Indicators
| CPER | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.04% | -49.56% | -4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -24.77% | -8.30% | -16.47% |
Max Drawdown (3Y)Largest decline over 3 years | -24.77% | -23.05% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -34.75% | -27.32% | -7.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.42% | -27.32% | -11.10% |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -25.41% | -19.94% | -5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.92% | 2.66% | +9.26% |
Volatility
CPER vs. YCS - Volatility Comparison
United States Copper Index Fund (CPER) has a higher volatility of 9.37% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that CPER'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
| CPER | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 2.75% | +6.62% |
Volatility (6M)Calculated over the trailing 6-month period | 22.64% | 12.36% | +10.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.51% | 17.38% | +17.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.97% | 21.11% | +5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 19.02% | +5.01% |
CPER vs. YCS - Expense Ratio Comparison
CPER has a 1.06% expense ratio, which is higher than YCS's 1.00% expense ratio.
Dividends
CPER vs. YCS - Dividend Comparison
Neither CPER nor YCS has paid dividends to shareholders.
Frequently Asked Questions
CPER and YCS have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPER has higher volatility (9.37%) compared to YCS (2.75%). In terms of maximum drawdown, CPER dropped -54.04% vs YCS's -49.56%.
On 10-year performance, YCS leads with 12.32% vs 11.24% for CPER. On fees, YCS is cheaper at 1.00% 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.
Over the 10-year period, YCS has performed better with a 12.32% return vs 11.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YCS is cheaper with a 1.00% expense ratio, compared with 1.06% for CPER.
CPER and YCS have nearly identical dividend yields, around 0.00%.
CPER is categorized as Metals, while YCS is Leveraged Currency. CPER tracks SummerHaven Copper Index Total Return, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: USCF and ProShares. Their fees differ too: 1.06% for CPER and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (2.05 vs 0.99), 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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