ELD vs. YCS
ELD (WisdomTree Emerging Markets Local Debt Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - ELD is a Emerging Markets Bonds fund actively managed by WisdomTree, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). ELD is actively managed, while YCS is passively managed. Over the past 10 years, ELD returned 2.78%/yr vs 12.16%/yr for YCS. At a correlation of -0.17, they often move in opposite directions. ELD charges 0.55%/yr vs 1.00%/yr for YCS.
Performance
ELD vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ELD achieves a 0.84% return, which is significantly lower than YCS's 7.17% return. Over the past 10 years, ELD has underperformed YCS with an annualized return of 2.78%, while YCS has yielded a comparatively higher 12.16% annualized return.
ELD
- 1D
- 0.10%
- 1M
- 0.51%
- YTD
- 0.84%
- 6M
- 2.40%
- 1Y
- 9.96%
- 3Y*
- 7.84%
- 5Y*
- 2.33%
- 10Y*
- 2.78%
YCS
- 1D
- 0.00%
- 1M
- 3.39%
- YTD
- 7.17%
- 6M
- 10.02%
- 1Y
- 34.99%
- 3Y*
- 20.03%
- 5Y*
- 23.54%
- 10Y*
- 12.16%
ELD vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 0.84% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -7.53% | 12.72% |
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 ELD 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 | -0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2010 | -0.17 |
Over the past year, the inverse relationship between ELD and YCS has strengthened: their correlation has moved from -0.17 to -0.41, meaning they now move in opposite directions more often than their long-term average.
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
ELD vs. YCS — Risk / Return Rank
ELD
YCS
ELD vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) 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.
| ELD | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 4.23 | -2.83 |
| Martin ratioReturn relative to average drawdown | 4.92 | 13.22 | -8.30 |
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
| ELD | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.06 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.12 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.64 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.33 | -0.21 |
Drawdowns
ELD vs. YCS - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for ELD and YCS.
Loading charts...
Drawdown Indicators
| ELD | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.92% | -49.56% | +17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -8.30% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -10.89% | -23.05% | +12.16% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -27.32% | +3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | -27.32% | +2.17% |
Current DrawdownCurrent decline from peak | -2.65% | 0.00% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -19.93% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.65% | -0.62% |
Volatility
ELD vs. YCS - Volatility Comparison
WisdomTree Emerging Markets Local Debt Fund (ELD) and ProShares UltraShort Yen (YCS) have volatilities of 2.72% and 2.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ELD | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.62% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 12.31% | -5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 17.18% | -8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 21.09% | -10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.27% | 19.01% | -7.74% |
ELD vs. YCS - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
ELD vs. YCS - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.81%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.81% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
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
ELD 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.
ELD has higher volatility (2.72%) compared to YCS (2.62%). In terms of maximum drawdown, ELD dropped -31.92% vs YCS's -49.56%.
On 10-year performance, YCS leads with 12.16% vs 2.78% for ELD. On fees, ELD is cheaper at 0.55% per year. Their volatility is very similar. 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 12.16% return vs 2.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ELD is cheaper with a 0.55% expense ratio, compared with 1.00% for YCS.
ELD has the higher dividend yield at 5.81%, compared with 0.00% for YCS.
ELD is categorized as Emerging Markets Bonds, while YCS is Leveraged Currency. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.55% for ELD and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (2.06 vs 1.18), 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 ELD 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