DFE vs. YCS
DFE (WisdomTree Europe SmallCap Dividend Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - DFE is a Europe Equities fund tracking the WisdomTree Europe SmallCap Dividend Index, while YCS is a Leveraged Currency fund tracking the JPY/USD 4:00 p.m. ET Cross Rate. Both are passively managed. Over the past 10 years, DFE returned 7.91%/yr vs 13.35%/yr for YCS. Their 0.00 correlation means their historical movements had little consistent relationship. DFE charges 0.58%/yr vs 0.95%/yr for YCS.
Performance
DFE vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DFE achieves a 8.86% return, which is significantly higher than YCS's 5.40% return. Over the past 10 years, DFE has underperformed YCS with an annualized return of 7.91%, while YCS has yielded a comparatively higher 13.35% annualized return.
DFE
- 1D
- 0.03%
- 1M
- 3.44%
- 6M
- 4.06%
- YTD
- 8.86%
- 1Y
- 14.34%
- 3Y*
- 15.45%
- 5Y*
- 4.87%
- 10Y*
- 7.91%
- ALL TIME*
- 6.52%
YCS
- 1D
- -0.02%
- 1M
- -4.94%
- 6M
- 4.42%
- YTD
- 5.40%
- 1Y
- 22.68%
- 3Y*
- 17.44%
- 5Y*
- 22.89%
- 10Y*
- 13.35%
- ALL TIME*
- 6.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $255.64K | $422.45K | $456.33K | |
| $2.59M | $2.15M | $1.60M |
DFE vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFE WisdomTree Europe SmallCap Dividend Fund | 8.86% | 32.85% | -0.61% | 14.94% | -22.15% | 18.44% | 2.15% | 27.15% | -21.23% | 32.71% |
YCS ProShares UltraShort Yen | 5.40% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between DFE and YCS is -0.41, 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. | -0.41 |
Correlation (3Y) Balances recent behavior with more history. | -0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | 0.00 |
The correlation between DFE and YCS shifts across timeframes, from -0.41 (1 year) to 0.00 (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.
Return for Risk
DFE vs. YCS — Risk / Return Rank
DFE
YCS
DFE vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend Fund (DFE) 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.
| DFE | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.69 | -1.43 |
| Martin ratioReturn relative to average drawdown | 4.03 | 9.73 | -5.70 |
Loading charts...
Drawdowns
DFE vs. YCS - Drawdown Comparison
The maximum DFE drawdown since its inception was -69.38%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for DFE and YCS.
Loading charts...
Drawdown Indicators
| DFE | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -49.56% | -19.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -8.48% | -2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -13.86% | -23.05% | +9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -27.32% | -13.02% |
Max Drawdown (10Y)Largest decline over 10 years | -49.66% | -27.32% | -22.34% |
Current DrawdownCurrent decline from peak | 0.00% | -7.34% | +7.34% |
Average DrawdownAverage peak-to-trough decline | -17.61% | -19.75% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.34% | +1.22% |
Volatility
DFE vs. YCS - Volatility Comparison
The current volatility for WisdomTree Europe SmallCap Dividend Fund (DFE) is 3.60%, while ProShares UltraShort Yen (YCS) has a volatility of 5.95%. This indicates that DFE 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.
Loading charts...
Volatility by Period
| DFE | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 5.95% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.68% | 11.87% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 16.43% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 21.21% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.21% | 18.61% | +0.60% |
DFE vs. YCS - Expense Ratio Comparison
DFE has a 0.58% expense ratio, which is lower than YCS's 0.95% expense ratio.
Dividends
DFE vs. YCS - Dividend Comparison
DFE's dividend yield for the trailing twelve months is around 3.89%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFE WisdomTree Europe SmallCap Dividend Fund | 3.89% | 4.38% | 4.93% | 4.97% | 5.84% | 2.56% | 2.43% | 3.39% | 4.97% | 2.53% | 4.05% | 2.78% |
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
DFE and YCS have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (5.95%) compared to DFE (3.60%). In terms of maximum drawdown, DFE dropped -69.38% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.35% vs 7.91% for DFE. On fees, DFE is cheaper at 0.58% per year. On volatility, DFE has been the lower-risk option at 3.60%. 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 13.35% return vs 7.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFE is cheaper with a 0.58% expense ratio, compared with 0.95% for YCS.
DFE has the higher dividend yield at 3.89%, compared with 0.00% for YCS.
DFE is categorized as Europe Equities, while YCS is Leveraged Currency. DFE tracks WisdomTree Europe SmallCap Dividend Index, while YCS tracks JPY/USD 4:00 p.m. ET Cross Rate. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.58% for DFE and 0.95% for YCS.
YCS currently has the higher Sharpe Ratio (1.39 vs 0.95), 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.
Find the right allocation for DFE 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