EOCT vs. YCS
EOCT (Innovator Emerging Markets Power Buffer ETF - October) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EOCT is a Options Trading fund actively managed by Innovator, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). EOCT is actively managed, while YCS is passively managed. Over the past 3 years, EOCT returned 13.41%/yr vs 20.03%/yr for YCS. At a correlation of -0.16, they often move in opposite directions. EOCT charges 0.89%/yr vs 1.00%/yr for YCS.
Performance
EOCT vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, EOCT achieves a 7.67% return, which is significantly higher than YCS's 7.17% return.
EOCT
- 1D
- -0.03%
- 1M
- 0.70%
- YTD
- 7.67%
- 6M
- 9.16%
- 1Y
- 24.21%
- 3Y*
- 13.41%
- 5Y*
- —
- 10Y*
- —
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%
EOCT vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EOCT Innovator Emerging Markets Power Buffer ETF - October | 7.67% | 22.03% | 9.66% | 6.26% | -10.75% | -0.50% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 28.70% | 29.09% | 7.00% |
Correlation
The correlation between EOCT and YCS is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2021 | -0.16 |
The correlation between EOCT and YCS shifts across timeframes, from -0.29 (1 year) to -0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EOCT vs. YCS — Risk / Return Rank
EOCT
YCS
EOCT vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF - October (EOCT) 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.
| EOCT | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.38 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 4.23 | -0.13 |
| Martin ratioReturn relative to average drawdown | 16.46 | 13.22 | +3.24 |
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
| EOCT | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 2.06 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.33 | +0.27 |
Drawdowns
EOCT vs. YCS - Drawdown Comparison
The maximum EOCT drawdown since its inception was -20.35%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EOCT and YCS.
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Drawdown Indicators
| EOCT | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.35% | -49.56% | +29.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -8.30% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -10.76% | -23.05% | +12.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -0.25% | 0.00% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -19.93% | +14.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 2.65% | -1.18% |
Volatility
EOCT vs. YCS - Volatility Comparison
The current volatility for Innovator Emerging Markets Power Buffer ETF - October (EOCT) is 1.70%, while ProShares UltraShort Yen (YCS) has a volatility of 2.62%. This indicates that EOCT 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.
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Volatility by Period
| EOCT | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 2.62% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.69% | 12.31% | -5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.06% | 17.18% | -8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.30% | 21.09% | -9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.30% | 19.01% | -7.71% |
EOCT vs. YCS - Expense Ratio Comparison
EOCT has a 0.89% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
EOCT vs. YCS - Dividend Comparison
Neither EOCT nor YCS has paid dividends to shareholders.
Frequently Asked Questions
EOCT and YCS have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (2.62%) compared to EOCT (1.70%). In terms of maximum drawdown, EOCT dropped -20.35% vs YCS's -49.56%.
On 3-year performance, YCS leads with 20.03% vs 13.41% for EOCT. On fees, EOCT is cheaper at 0.89% per year. On volatility, EOCT has been the lower-risk option at 1.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YCS has performed better with a 20.03% return vs 13.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EOCT is cheaper with a 0.89% expense ratio, compared with 1.00% for YCS.
EOCT and YCS have nearly identical dividend yields, around 0.00%.
EOCT is categorized as Options Trading, while YCS is Leveraged Currency. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.89% for EOCT and 1.00% for YCS.
EOCT currently has the higher Sharpe Ratio (2.69 vs 2.06), 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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