EBIT vs. YCS

Last updated Aug 2, 2026

EBIT (Harbor AlphaEdge Small Cap Earners ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EBIT is a Small Cap Value Equities fund tracking the Harbor AlphaEdge Small Cap Earners Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past year, EBIT returned 32.33% vs 25.05% for YCS. Their -0.03 correlation means they have often moved in opposite directions in the past. EBIT charges 0.29%/yr vs 1.00%/yr for YCS.

Performance

EBIT vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor AlphaEdge Small Cap Earners ETF (EBIT) 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, EBIT achieves a 18.92% return, which is significantly higher than YCS's 7.29% return.

EBIT

• 1D: -0.17%
• 1M: 0.56%
• 6M: 12.95%
• YTD: 18.92%
• 1Y: 32.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.17%

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)
EBIT Harbor AlphaEdge Small Cap Earners ETF	$44.42K	$33.07K	$33.60K
YCS ProShares UltraShort Yen	$1.53M	$2.43M	$1.42M

EBIT vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	18.92%	6.85%	9.01%
YCS ProShares UltraShort Yen	7.29%	9.04%	-2.77%

Correlation

The correlation between EBIT and YCS is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.09
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	-0.03

Return for Risk

EBIT vs. YCS — Risk / Return Rank

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

EBIT

EBIT Risk / Return Rank: 82
EBIT Sharpe Ratio Rank: 79
EBIT Sortino Ratio Rank: 83
EBIT Omega Ratio Rank: 77
EBIT Calmar Ratio Rank: 88
EBIT Martin Ratio Rank: 82

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.

EBIT vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Small Cap Earners ETF (EBIT) 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.

	EBIT	YCS	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.16	+0.65
Sortino ratio: Return per unit of downside risk	2.75	1.52	+1.22
Omega ratio: Gain probability vs. loss probability	1.33	1.23	+0.09
Calmar ratio: Return relative to maximum drawdown	3.58	2.35	+1.23
Martin ratio: Return relative to average drawdown	10.93	8.93	+2.01

EBIT vs. YCS - Sharpe Ratio Comparison

The current EBIT Sharpe Ratio is 1.81, which is higher than the YCS Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of EBIT 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.

Drawdowns

EBIT vs. YCS - Drawdown Comparison

The maximum EBIT drawdown since its inception was -26.64%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EBIT and YCS.

Drawdown Indicators

	EBIT	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-26.64%	-49.56%	+22.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.30%	-0.04%
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	-1.12%	-5.68%	+4.56%
Average Drawdown Average peak-to-trough decline	-6.10%	-19.75%	+13.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.64%	+0.09%

Volatility

EBIT vs. YCS - Volatility Comparison

The current volatility for Harbor AlphaEdge Small Cap Earners ETF (EBIT) is 3.04%, while ProShares UltraShort Yen (YCS) has a volatility of 5.30%. This indicates that EBIT 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.

Volatility by Period

	EBIT	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	5.30%	-2.26%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	11.65%	-1.62%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	16.85%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	21.16%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	18.61%	+2.07%

EBIT vs. YCS - Expense Ratio Comparison

EBIT has a 0.29% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

EBIT vs. YCS - Dividend Comparison

EBIT's dividend yield for the trailing twelve months is around 1.68%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	1.68%	2.00%	2.40%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EBIT and YCS in my portfolio?

EBIT and YCS have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBIT or YCS?

YCS has higher volatility (5.30%) compared to EBIT (3.04%). In terms of maximum drawdown, EBIT dropped -26.64% vs YCS's -49.56%.

Which ETF is better, EBIT or YCS?

On 1-year performance, EBIT leads with 32.33% vs 25.05% for YCS. On fees, EBIT is cheaper at 0.29% per year. On volatility, EBIT has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIT or YCS?

Over the 1-year period, EBIT has performed better with a 32.33% return vs 25.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIT or YCS?

EBIT is cheaper with a 0.29% expense ratio, compared with 1.00% for YCS.

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

EBIT has the higher dividend yield at 1.68%, compared with 0.00% for YCS.

What is the main difference between EBIT and YCS?

EBIT is categorized as Small Cap Value Equities, while YCS is Leveraged Currency. EBIT tracks Harbor AlphaEdge Small Cap Earners Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Harbor and ProShares. Their fees differ too: 0.29% for EBIT and 1.00% for YCS.

Which has better risk-adjusted returns?

EBIT currently has the higher Sharpe Ratio (1.81 vs 1.16), 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.