EMQQ vs. YCS
EMQQ (EMQQ The Emerging Markets Internet ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, EMQQ returned 4.32%/yr vs 13.62%/yr for YCS. At a 0.04 correlation, their price movements are largely independent. EMQQ charges 0.86%/yr vs 1.00%/yr for YCS.
Performance
EMQQ vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMQQ achieves a -24.03% return, which is significantly lower than YCS's 9.63% return. Over the past 10 years, EMQQ has underperformed YCS with an annualized return of 4.32%, while YCS has yielded a comparatively higher 13.62% annualized return.
EMQQ
- 1D
- -2.14%
- 1M
- -5.28%
- YTD
- -24.03%
- 6M
- -23.90%
- 1Y
- -21.65%
- 3Y*
- 3.56%
- 5Y*
- -12.41%
- 10Y*
- 4.32%
YCS
- 1D
- -0.14%
- 1M
- 3.57%
- YTD
- 9.63%
- 6M
- 10.44%
- 1Y
- 31.27%
- 3Y*
- 18.37%
- 5Y*
- 23.52%
- 10Y*
- 13.62%
EMQQ vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMQQ EMQQ The Emerging Markets Internet ETF | -24.03% | 20.66% | 13.79% | 4.48% | -30.70% | -32.53% | 80.45% | 33.86% | -29.82% | 68.20% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between EMQQ and YCS is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.04 |
The correlation between EMQQ and YCS shifts across timeframes, from -0.20 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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
EMQQ vs. YCS — Risk / Return Rank
EMQQ
YCS
EMQQ vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EMQQ The Emerging Markets Internet ETF (EMQQ) 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.
| EMQQ | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.83 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.34 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 3.78 | -4.45 |
| Martin ratioReturn relative to average drawdown | -1.31 | 11.93 | -13.24 |
Loading charts...
Drawdowns
EMQQ vs. YCS - Drawdown Comparison
The maximum EMQQ drawdown since its inception was -73.24%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EMQQ and YCS.
Loading charts...
Drawdown Indicators
| EMQQ | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.24% | -49.56% | -23.68% |
Max Drawdown (1Y)Largest decline over 1 year | -32.55% | -8.30% | -24.25% |
Max Drawdown (3Y)Largest decline over 3 years | -32.55% | -23.05% | -9.50% |
Max Drawdown (5Y)Largest decline over 5 years | -66.31% | -27.32% | -38.99% |
Max Drawdown (10Y)Largest decline over 10 years | -73.24% | -27.32% | -45.92% |
Current DrawdownCurrent decline from peak | -59.98% | -0.14% | -59.84% |
Average DrawdownAverage peak-to-trough decline | -31.47% | -19.87% | -11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.56% | 2.65% | +13.91% |
Volatility
EMQQ vs. YCS - Volatility Comparison
EMQQ The Emerging Markets Internet ETF (EMQQ) has a higher volatility of 5.99% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that EMQQ'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
| EMQQ | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 2.25% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.76% | 12.19% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 16.93% | +3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.14% | 21.10% | +12.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.61% | 18.82% | +11.79% |
EMQQ vs. YCS - Expense Ratio Comparison
EMQQ has a 0.86% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
EMQQ vs. YCS - Dividend Comparison
EMQQ's dividend yield for the trailing twelve months is around 4.07%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMQQ EMQQ The Emerging Markets Internet ETF | 4.07% | 3.09% | 1.70% | 0.79% | 0.00% | 0.00% | 0.18% | 1.29% | 0.00% | 0.94% | 0.75% | 0.08% |
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
EMQQ and YCS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMQQ has higher volatility (5.99%) compared to YCS (2.25%). In terms of maximum drawdown, EMQQ dropped -73.24% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.62% vs 4.32% for EMQQ. On fees, EMQQ is cheaper at 0.86% per year. On volatility, YCS has been the lower-risk option at 2.25%. 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 13.62% return vs 4.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMQQ is cheaper with a 0.86% expense ratio, compared with 1.00% for YCS.
EMQQ has the higher dividend yield at 4.07%, compared with 0.00% for YCS.
EMQQ is categorized as Emerging Markets Equities, while YCS is Leveraged Currency. EMQQ tracks EMQQ The Emerging Markets Internet Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Exchange Traded Concepts and ProShares. Their fees differ too: 0.86% for EMQQ and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -1.05), 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 EMQQ 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