DFAR vs. YCS
DFAR (Dimensional US Real Estate ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - DFAR is a REIT fund actively managed by Dimensional, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). DFAR is actively managed, while YCS is passively managed. Over the past 3 years, DFAR returned 11.02%/yr vs 16.96%/yr for YCS. Their -0.20 correlation means they have often moved in opposite directions in the past. DFAR charges 0.19%/yr vs 1.00%/yr for YCS.
Performance
DFAR vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, DFAR achieves a 17.78% return, which is significantly higher than YCS's 4.11% return.
DFAR
- 1D
- -0.04%
- 1M
- 0.79%
- 6M
- 15.96%
- YTD
- 17.78%
- 1Y
- 19.56%
- 3Y*
- 11.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.68%
YCS
- 1D
- -2.97%
- 1M
- -5.17%
- 6M
- 5.08%
- YTD
- 4.11%
- 1Y
- 21.34%
- 3Y*
- 16.96%
- 5Y*
- 22.90%
- 10Y*
- 13.21%
- ALL TIME*
- 6.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $67.51M | $62.78M | $64.52M | |
| $2.37M | $2.29M | $1.56M |
DFAR vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFAR Dimensional US Real Estate ETF | 17.78% | 1.31% | 5.25% | 11.04% | -12.16% |
YCS ProShares UltraShort Yen | 4.11% | 9.04% | 35.41% | 28.70% | 29.04% |
Correlation
The correlation between DFAR and YCS is -0.30, 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. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | -0.20 |
The correlation between DFAR and YCS shifts across timeframes, from -0.30 (1 year) to -0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFAR vs. YCS — Risk / Return Rank
DFAR
YCS
DFAR vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional US Real Estate ETF (DFAR) 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.
| DFAR | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.53 | -0.20 |
| Martin ratioReturn relative to average drawdown | 7.87 | 9.53 | -1.66 |
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Drawdowns
DFAR vs. YCS - Drawdown Comparison
The maximum DFAR drawdown since its inception was -32.27%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for DFAR and YCS.
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Drawdown Indicators
| DFAR | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.27% | -49.56% | +17.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -8.48% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -23.05% | +5.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -2.26% | -8.48% | +6.22% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -19.75% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.24% | +0.25% |
Volatility
DFAR vs. YCS - Volatility Comparison
The current volatility for Dimensional US Real Estate ETF (DFAR) is 4.32%, while ProShares UltraShort Yen (YCS) has a volatility of 5.88%. This indicates that DFAR 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
| DFAR | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 5.88% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 11.84% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 16.43% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 21.21% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 18.61% | +0.47% |
DFAR vs. YCS - Expense Ratio Comparison
DFAR has a 0.19% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
DFAR vs. YCS - Dividend Comparison
DFAR's dividend yield for the trailing twelve months is around 2.63%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DFAR Dimensional US Real Estate ETF | 2.63% | 2.97% | 2.89% | 3.06% | 1.69% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFAR and YCS have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (5.88%) compared to DFAR (4.32%). In terms of maximum drawdown, DFAR dropped -32.27% vs YCS's -49.56%.
On 3-year performance, YCS leads with 16.96% vs 11.02% for DFAR. On fees, DFAR is cheaper at 0.19% per year. On volatility, DFAR has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YCS has performed better with a 16.96% return vs 11.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFAR is cheaper with a 0.19% expense ratio, compared with 1.00% for YCS.
DFAR has the higher dividend yield at 2.63%, compared with 0.00% for YCS.
DFAR is categorized as REIT, while YCS is Leveraged Currency. They also come from different issuers: Dimensional and ProShares. Their fees differ too: 0.19% for DFAR and 1.00% for YCS.
DFAR currently has the higher Sharpe Ratio (1.44 vs 1.31), 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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