EPI vs. YCS
EPI (WisdomTree India Earnings Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EPI is a Emerging Markets Equities fund tracking the WisdomTree India Earnings Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, EPI returned 9.68%/yr vs 13.62%/yr for YCS. At a 0.09 correlation, their price movements are largely independent. EPI charges 0.84%/yr vs 1.00%/yr for YCS.
Performance
EPI vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, EPI achieves a -7.84% return, which is significantly lower than YCS's 9.63% return. Over the past 10 years, EPI has underperformed YCS with an annualized return of 9.68%, while YCS has yielded a comparatively higher 13.62% annualized return.
EPI
- 1D
- -1.80%
- 1M
- 0.68%
- YTD
- -7.84%
- 6M
- -8.06%
- 1Y
- -7.64%
- 3Y*
- 7.99%
- 5Y*
- 6.29%
- 10Y*
- 9.68%
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%
EPI vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | -7.84% | 2.25% | 10.70% | 26.03% | -4.74% | 26.41% | 18.55% | 1.53% | -9.88% | 39.14% |
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 EPI and YCS is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | 0.09 |
The correlation between EPI and YCS shifts across timeframes, from -0.19 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EPI vs. YCS — Risk / Return Rank
EPI
YCS
EPI vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) 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.
| EPI | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.34 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 3.78 | -4.24 |
| Martin ratioReturn relative to average drawdown | -1.05 | 11.93 | -12.97 |
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Drawdowns
EPI vs. YCS - Drawdown Comparison
The maximum EPI drawdown since its inception was -66.21%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EPI and YCS.
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Drawdown Indicators
| EPI | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.21% | -49.56% | -16.65% |
Max Drawdown (1Y)Largest decline over 1 year | -16.88% | -8.30% | -8.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.89% | -23.05% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.89% | -27.32% | +5.43% |
Max Drawdown (10Y)Largest decline over 10 years | -50.29% | -27.32% | -22.97% |
Current DrawdownCurrent decline from peak | -15.84% | -0.14% | -15.70% |
Average DrawdownAverage peak-to-trough decline | -18.64% | -19.87% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | 2.65% | +4.68% |
Volatility
EPI vs. YCS - Volatility Comparison
WisdomTree India Earnings Fund (EPI) has a higher volatility of 4.49% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that EPI'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
| EPI | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 2.25% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 12.19% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 16.93% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 21.10% | -4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 18.82% | +1.48% |
EPI vs. YCS - Expense Ratio Comparison
EPI has a 0.84% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
EPI vs. YCS - Dividend Comparison
Neither EPI nor YCS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | 0.00% | 0.00% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% |
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
EPI and YCS have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPI has higher volatility (4.49%) compared to YCS (2.25%). In terms of maximum drawdown, EPI dropped -66.21% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.62% vs 9.68% for EPI. On fees, EPI is cheaper at 0.84% 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 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EPI is cheaper with a 0.84% expense ratio, compared with 1.00% for YCS.
EPI and YCS have nearly identical dividend yields, around 0.00%.
EPI is categorized as Emerging Markets Equities, while YCS is Leveraged Currency. EPI tracks WisdomTree India Earnings Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.84% for EPI and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -0.50), 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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