DDTS vs. YCS

Last updated Aug 1, 2026

DDTS (Innovator Equity Dual Directional 10 Buffer ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - DDTS is a Defined Outcome fund actively managed by Innovator, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). DDTS is actively managed, while YCS is passively managed. Their -0.13 correlation means they have often moved in opposite directions in the past. DDTS charges 0.79%/yr vs 1.00%/yr for YCS.

Performance

DDTS vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 10 Buffer ETF (DDTS) 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, DDTS achieves a 6.59% return, which is significantly lower than YCS's 7.29% return.

DDTS

• 1D: 0.31%
• 1M: 0.90%
• 6M: 5.81%
• YTD: 6.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDTS Innovator Equity Dual Directional 10 Buffer ETF	$86.44K	$63.95K	$163.16K
YCS ProShares UltraShort Yen	$1.53M	$2.43M	$1.42M

DDTS vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
DDTS Innovator Equity Dual Directional 10 Buffer ETF	6.59%	4.57%
YCS ProShares UltraShort Yen	7.29%	16.74%

Correlation

The correlation between DDTS and YCS is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 2, 2025	-0.13

Return for Risk

DDTS vs. YCS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDTS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

YCS

YCS Risk / Return Rank: 56
YCS Sharpe Ratio Rank: 47
YCS Sortino Ratio Rank: 41
YCS Omega Ratio Rank: 52
YCS Calmar Ratio Rank: 68
YCS Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDTS vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 10 Buffer ETF (DDTS) 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.

	DDTS	YCS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.16	—
Sortino ratio: Return per unit of downside risk	—	1.52	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.35	—
Martin ratio: Return relative to average drawdown	—	8.93	—

Drawdowns

DDTS vs. YCS - Drawdown Comparison

The maximum DDTS drawdown since its inception was -4.28%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for DDTS and YCS.

Drawdown Indicators

	DDTS	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-4.28%	-49.56%	+45.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.30%	—
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	0.00%	-5.68%	+5.68%
Average Drawdown Average peak-to-trough decline	-0.48%	-19.75%	+19.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.64%	—

Volatility

Volatility by Period

	DDTS	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.35%	16.85%	-10.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.35%	21.16%	-14.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.35%	18.61%	-12.26%

DDTS vs. YCS - Expense Ratio Comparison

DDTS has a 0.79% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

DDTS vs. YCS - Dividend Comparison

Neither DDTS nor YCS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDTS and YCS in my portfolio?

DDTS and YCS have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDTS or YCS?

On fees, DDTS is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDTS or YCS?

DDTS is cheaper with a 0.79% expense ratio, compared with 1.00% for YCS.

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

DDTS and YCS have nearly identical dividend yields, around 0.00%.

What is the main difference between DDTS and YCS?

DDTS is categorized as Defined Outcome, while YCS is Leveraged Currency. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for DDTS and 1.00% for YCS.