DFEV vs. YCS
DFEV (Dimensional Emerging Markets Value ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - DFEV is a Emerging Markets Diversified fund actively managed by Dimensional, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). DFEV is actively managed, while YCS is passively managed. Over the past 3 years, DFEV returned 25.84%/yr vs 19.84%/yr for YCS. At a correlation of -0.21, they often move in opposite directions. DFEV charges 0.43%/yr vs 1.00%/yr for YCS.
Performance
DFEV vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DFEV achieves a 29.46% return, which is significantly higher than YCS's 7.17% return.
DFEV
- 1D
- -1.36%
- 1M
- 9.10%
- YTD
- 29.46%
- 6M
- 32.40%
- 1Y
- 57.15%
- 3Y*
- 25.84%
- 5Y*
- —
- 10Y*
- —
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%
DFEV vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFEV Dimensional Emerging Markets Value ETF | 29.46% | 32.54% | 7.26% | 15.52% | -6.71% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 28.70% | 4.11% |
Correlation
The correlation between DFEV and YCS is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | -0.21 |
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
DFEV vs. YCS — Risk / Return Rank
DFEV
YCS
DFEV vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets Value ETF (DFEV) 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.
| DFEV | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.35 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 3.97 | +1.09 |
| Martin ratioReturn relative to average drawdown | 19.06 | 12.40 | +6.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DFEV | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.32 | 1.92 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.33 | +0.78 |
Drawdowns
DFEV vs. YCS - Drawdown Comparison
The maximum DFEV drawdown since its inception was -18.49%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for DFEV and YCS.
Loading charts...
Drawdown Indicators
| DFEV | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.49% | -49.56% | +31.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -8.30% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.94% | -23.05% | +5.11% |
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 | -1.36% | 0.00% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -19.93% | +15.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.66% | +0.35% |
Volatility
DFEV vs. YCS - Volatility Comparison
Dimensional Emerging Markets Value ETF (DFEV) has a higher volatility of 7.73% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that DFEV'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.
Loading charts...
Volatility by Period
| DFEV | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 2.75% | +4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 12.32% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 17.27% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.42% | 21.10% | -4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 19.01% | -2.59% |
DFEV vs. YCS - Expense Ratio Comparison
DFEV has a 0.43% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
DFEV vs. YCS - Dividend Comparison
DFEV's dividend yield for the trailing twelve months is around 2.02%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DFEV Dimensional Emerging Markets Value ETF | 2.02% | 2.69% | 3.17% | 3.47% | 3.35% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFEV 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.
DFEV has higher volatility (7.73%) compared to YCS (2.75%). In terms of maximum drawdown, DFEV dropped -18.49% vs YCS's -49.56%.
On 3-year performance, DFEV leads with 25.84% vs 19.84% for YCS. On fees, DFEV is cheaper at 0.43% 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 3-year period, DFEV has performed better with a 25.84% return vs 19.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFEV is cheaper with a 0.43% expense ratio, compared with 1.00% for YCS.
DFEV has the higher dividend yield at 2.02%, compared with 0.00% for YCS.
DFEV is categorized as Emerging Markets Diversified, while YCS is Leveraged Currency. They also come from different issuers: Dimensional and ProShares. Their fees differ too: 0.43% for DFEV and 1.00% for YCS.
DFEV currently has the higher Sharpe Ratio (3.32 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.
Find the right allocation for DFEV 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