PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
DEW vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DEW vs. YCS

Last updated Jun 4, 2026

DEW (WisdomTree Global High Dividend Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - DEW is a Large Cap Value Equities fund tracking the WisdomTree Global High Dividend Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, DEW returned 9.30%/yr vs 12.34%/yr for YCS. At a 0.09 correlation, their price movements are largely independent. DEW charges 0.58%/yr vs 1.00%/yr for YCS.

Performance

DEW vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global High Dividend Fund (DEW) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, DEW achieves a 11.59% return, which is significantly higher than YCS's 7.17% return. Over the past 10 years, DEW has underperformed YCS with an annualized return of 9.30%, while YCS has yielded a comparatively higher 12.34% annualized return.

DEW

1D
-0.19%
1M
0.84%
YTD
11.59%
6M
12.75%
1Y
25.31%
3Y*
18.77%
5Y*
10.67%
10Y*
9.30%

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)

DEW vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DEW
WisdomTree Global High Dividend Fund		11.59%22.39%11.58%9.39%-2.73%21.29%-7.32%20.45%-10.58%15.38%
YCS
ProShares UltraShort Yen		7.17%9.04%35.41%28.70%29.09%22.38%-11.18%3.37%-1.49%-6.57%

Correlation

The correlation between DEW and YCS is -0.35, 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

-0.35

Correlation (3Y)
Calculated over the trailing 3-year period

-0.22

Correlation (5Y)
Calculated over the trailing 5-year period

-0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.01

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2008

0.09

The correlation between DEW and YCS shifts across timeframes, from -0.35 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Global High Dividend Fund

ProShares UltraShort Yen

Often compared with DEW:
DEW vs. DTDDEW vs. IDVODEW vs. SPYDEW vs. ^GSPCDEW vs. SCHDDEW vs. NTSXDEW vs. PEY
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

DEW vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DEW
DEW Risk / Return Rank: 8080
Overall Rank
DEW Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
DEW Sortino Ratio Rank: 8282
Sortino Ratio Rank
DEW Omega Ratio Rank: 7878
Omega Ratio Rank
DEW Calmar Ratio Rank: 7878
Calmar Ratio Rank
DEW Martin Ratio Rank: 8080
Martin Ratio Rank
YCS
YCS Risk / Return Rank: 6161
Overall Rank
YCS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 4949
Sortino Ratio Rank
YCS Omega Ratio Rank: 5656
Omega Ratio Rank
YCS Calmar Ratio Rank: 7878
Calmar Ratio Rank
YCS Martin Ratio Rank: 6767
Martin Ratio Rank
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.

DEW vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global High Dividend Fund (DEW) 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.

DEWYCSDifference
Sharpe ratioReturn per unit of total volatility
2.64
1.92

+0.73

Sortino ratioReturn per unit of downside risk
3.70
2.44

+1.26

Omega ratioGain probability vs. loss probability

1.47

1.35

+0.12

Calmar ratioReturn relative to maximum drawdown

4.01

3.97

+0.04

Martin ratioReturn relative to average drawdown

15.80

12.40

+3.41

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEW vs. YCS - Sharpe Ratio Comparison

The current DEW Sharpe Ratio is 2.64, which is higher than the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of DEW 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.

Loading charts...

Sharpe Ratios by Period

DEWYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.64

1.92

+0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

1.12

-0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.65

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.33

-0.05

Drawdowns

DEW vs. YCS - Drawdown Comparison

The maximum DEW drawdown since its inception was -65.55%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for DEW and YCS.

Loading charts...

Drawdown Indicators

DEWYCSDifference

Max Drawdown

Largest peak-to-trough decline

-65.55%

-49.56%

-15.99%

Max Drawdown (1Y)

Largest decline over 1 year

-6.34%

-8.30%

+1.96%

Max Drawdown (3Y)

Largest decline over 3 years

-11.80%

-23.05%

+11.25%

Max Drawdown (5Y)

Largest decline over 5 years

-18.86%

-27.32%

+8.46%

Max Drawdown (10Y)

Largest decline over 10 years

-38.77%

-27.32%

-11.45%

Current Drawdown

Current decline from peak

-1.29%

0.00%

-1.29%

Average Drawdown

Average peak-to-trough decline

-12.44%

-19.93%

+7.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

2.66%

-1.05%

Volatility

DEW vs. YCS - Volatility Comparison

WisdomTree Global High Dividend Fund (DEW) and ProShares UltraShort Yen (YCS) have volatilities of 2.79% and 2.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

DEWYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.79%

2.75%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

7.16%

12.32%

-5.16%

Volatility (1Y)

Calculated over the trailing 1-year period

9.61%

17.27%

-7.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.99%

21.10%

-8.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.53%

19.01%

-3.48%

DEW vs. YCS - Expense Ratio Comparison

DEW has a 0.58% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

DEW vs. YCS - Dividend Comparison

DEW's dividend yield for the trailing twelve months is around 3.22%, while YCS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
DEW
WisdomTree Global High Dividend Fund		3.22%3.71%4.02%4.55%3.82%3.55%4.10%3.74%4.17%3.18%3.42%4.32%
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

DEW and YCS have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DEW has higher volatility (2.79%) compared to YCS (2.75%). In terms of maximum drawdown, DEW dropped -65.55% vs YCS's -49.56%.

On 10-year performance, YCS leads with 12.34% vs 9.30% for DEW. On fees, DEW is cheaper at 0.58% per year. Their volatility is very similar. 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 12.34% return vs 9.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DEW is cheaper with a 0.58% expense ratio, compared with 1.00% for YCS.

DEW has the higher dividend yield at 3.22%, compared with 0.00% for YCS.

DEW is categorized as Large Cap Value Equities, while YCS is Leveraged Currency. DEW tracks WisdomTree Global High Dividend Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.58% for DEW and 1.00% for YCS.

DEW currently has the higher Sharpe Ratio (2.64 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.

Portfolio Optimizer

Find the right allocation for DEW and YCS

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer