EDV vs. YCS
EDV (Vanguard Extended Duration Treasury ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, EDV returned -3.32%/yr vs 12.34%/yr for YCS. At a correlation of -0.42, they often move in opposite directions. EDV charges 0.05%/yr vs 1.00%/yr for YCS.
Performance
EDV vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a -0.72% return, which is significantly lower than YCS's 7.17% return. Over the past 10 years, EDV has underperformed YCS with an annualized return of -3.32%, while YCS has yielded a comparatively higher 12.34% annualized return.
EDV
- 1D
- -0.48%
- 1M
- 1.42%
- YTD
- -0.72%
- 6M
- -3.69%
- 1Y
- 4.85%
- 3Y*
- -5.25%
- 5Y*
- -10.02%
- 10Y*
- -3.32%
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%
EDV vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -0.72% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
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 EDV and YCS is -0.41, 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 | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2008 | -0.42 |
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Return for Risk
EDV vs. YCS — Risk / Return Rank
EDV
YCS
EDV vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) 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.
| EDV | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.35 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 3.97 | -3.58 |
| Martin ratioReturn relative to average drawdown | 0.90 | 12.40 | -11.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDV | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.92 | -1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 1.12 | -1.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | 0.65 | -0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.33 | -0.21 |
Drawdowns
EDV vs. YCS - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EDV and YCS.
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Drawdown Indicators
| EDV | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -49.56% | -10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -8.30% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -26.99% | -23.05% | -3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -27.32% | -27.71% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -27.32% | -32.64% |
Current DrawdownCurrent decline from peak | -54.45% | 0.00% | -54.45% |
Average DrawdownAverage peak-to-trough decline | -23.43% | -19.93% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 2.66% | +2.72% |
Volatility
EDV vs. YCS - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 4.06% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that EDV'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.
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Volatility by Period
| EDV | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 2.75% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 12.32% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 17.27% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 21.10% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 19.01% | +0.80% |
EDV vs. YCS - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
EDV vs. YCS - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 4.99%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.99% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
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
EDV 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.
EDV has higher volatility (4.06%) compared to YCS (2.75%). In terms of maximum drawdown, EDV dropped -59.96% vs YCS's -49.56%.
On 10-year performance, YCS leads with 12.34% vs -3.32% for EDV. On fees, EDV is cheaper at 0.05% 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 10-year period, YCS has performed better with a 12.34% return vs -3.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 1.00% for YCS.
EDV has the higher dividend yield at 4.99%, compared with 0.00% for YCS.
EDV is categorized as Government Bonds, while YCS is Leveraged Currency. EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.05% for EDV and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.92 vs 0.33), 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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