EJUL vs. YCS
EJUL (Innovator Emerging Markets Power Buffer ETF - July) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EJUL is a Defined Outcome fund tracking the MSCI Emerging Markets Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, EJUL returned 2.71%/yr vs 24.30%/yr for YCS. At a correlation of -0.07, they often move in opposite directions. EJUL charges 0.89%/yr vs 1.00%/yr for YCS.
Performance
EJUL vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, EJUL achieves a 1.59% return, which is significantly lower than YCS's 11.45% return.
EJUL
- 1D
- -1.21%
- 1M
- -3.19%
- 6M
- 0.04%
- YTD
- 1.59%
- 1Y
- 8.63%
- 3Y*
- 8.75%
- 5Y*
- 2.71%
- 10Y*
- —
YCS
- 1D
- 0.42%
- 1M
- 3.09%
- 6M
- 8.08%
- YTD
- 11.45%
- 1Y
- 29.82%
- 3Y*
- 21.64%
- 5Y*
- 24.30%
- 10Y*
- 12.99%
EJUL vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EJUL Innovator Emerging Markets Power Buffer ETF - July | 1.59% | 20.20% | 4.38% | 3.50% | -10.92% | -2.43% | 1.06% | 3.17% |
YCS ProShares UltraShort Yen | 11.45% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.93% |
Correlation
The correlation between EJUL and YCS is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019 | -0.07 |
The correlation between EJUL and YCS shifts across timeframes, from -0.27 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EJUL vs. YCS — Risk / Return Rank
EJUL
YCS
EJUL vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF - July (EJUL) 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.
| EJUL | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.61 | -1.33 |
| Martin ratioReturn relative to average drawdown | 8.89 | 11.41 | -2.52 |
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Drawdowns
EJUL vs. YCS - Drawdown Comparison
The maximum EJUL drawdown since its inception was -21.61%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EJUL and YCS.
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Drawdown Indicators
| EJUL | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.61% | -49.56% | +27.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -8.30% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -8.36% | -23.05% | +14.69% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -27.32% | +7.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -3.58% | 0.00% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -19.80% | +13.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.62% | -1.65% |
Volatility
EJUL vs. YCS - Volatility Comparison
Innovator Emerging Markets Power Buffer ETF - July (EJUL) has a higher volatility of 4.43% compared to ProShares UltraShort Yen (YCS) at 2.47%. This indicates that EJUL'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
| EJUL | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 2.47% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 6.30% | 11.85% | -5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.58% | 16.54% | -8.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.81% | 21.09% | -10.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.47% | 18.70% | -7.23% |
EJUL vs. YCS - Expense Ratio Comparison
EJUL has a 0.89% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
EJUL vs. YCS - Dividend Comparison
Neither EJUL nor YCS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EJUL Innovator Emerging Markets Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.64% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EJUL and YCS have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EJUL has higher volatility (4.43%) compared to YCS (2.47%). In terms of maximum drawdown, EJUL dropped -21.61% vs YCS's -49.56%.
On 5-year performance, YCS leads with 24.30% vs 2.71% for EJUL. On fees, EJUL is cheaper at 0.89% per year. On volatility, YCS has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YCS has performed better with a 24.30% return vs 2.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EJUL is cheaper with a 0.89% expense ratio, compared with 1.00% for YCS.
EJUL and YCS have nearly identical dividend yields, around 0.00%.
EJUL is categorized as Defined Outcome, while YCS is Leveraged Currency. EJUL tracks MSCI Emerging Markets Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.89% for EJUL and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.82 vs 1.14), 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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