EQL vs. YCS
EQL (ALPS Equal Sector Weight ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EQL is a Large Cap Blend Equities fund tracking the NYSE Equal Sector Weight Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, EQL returned 12.47%/yr vs 12.34%/yr for YCS. At a 0.15 correlation, their price movements are largely independent. EQL charges 0.27%/yr vs 1.00%/yr for YCS.
Performance
EQL vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, EQL achieves a 8.83% return, which is significantly higher than YCS's 7.17% return. Both investments have delivered pretty close results over the past 10 years, with EQL having a 12.47% annualized return and YCS not far behind at 12.34%.
EQL
- 1D
- -0.16%
- 1M
- 0.96%
- YTD
- 8.83%
- 6M
- 9.12%
- 1Y
- 18.80%
- 3Y*
- 16.48%
- 5Y*
- 10.49%
- 10Y*
- 12.47%
YCS
- 1D
- 0.17%
- 1M
- 4.42%
- YTD
- 7.17%
- 6M
- 10.05%
- 1Y
- 32.82%
- 3Y*
- 19.84%
- 5Y*
- 23.54%
- 10Y*
- 12.34%
EQL vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQL ALPS Equal Sector Weight ETF | 8.83% | 13.09% | 16.44% | 16.87% | -10.72% | 29.32% | 10.87% | 27.87% | -6.12% | 18.37% |
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 EQL and YCS is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2009 | 0.15 |
The correlation between EQL and YCS shifts across timeframes, from -0.26 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EQL vs. YCS — Risk / Return Rank
EQL
YCS
EQL vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Equal Sector Weight ETF (EQL) 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.
| EQL | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.97 | -0.92 |
| Martin ratioReturn relative to average drawdown | 11.93 | 12.40 | -0.47 |
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
| EQL | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.92 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 1.12 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.65 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.33 | +0.52 |
Drawdowns
EQL vs. YCS - Drawdown Comparison
The maximum EQL drawdown since its inception was -35.65%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EQL and YCS.
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Drawdown Indicators
| EQL | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -49.56% | +13.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -8.30% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | -23.05% | +7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -19.24% | -27.32% | +8.08% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | -27.32% | -8.33% |
Current DrawdownCurrent decline from peak | -1.00% | 0.00% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -19.93% | +16.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 2.66% | -1.08% |
Volatility
EQL vs. YCS - Volatility Comparison
The current volatility for ALPS Equal Sector Weight ETF (EQL) is 2.21%, while ProShares UltraShort Yen (YCS) has a volatility of 2.75%. This indicates that EQL 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
| EQL | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 2.75% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 12.32% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.34% | 17.27% | -7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 21.10% | -6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 19.01% | -2.47% |
EQL vs. YCS - Expense Ratio Comparison
EQL has a 0.27% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
EQL vs. YCS - Dividend Comparison
EQL's dividend yield for the trailing twelve months is around 1.62%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQL ALPS Equal Sector Weight ETF | 1.62% | 1.73% | 1.78% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% |
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
EQL and YCS have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (2.75%) compared to EQL (2.21%). In terms of maximum drawdown, EQL dropped -35.65% vs YCS's -49.56%.
On 10-year performance, EQL leads with 12.47% vs 12.34% for YCS. On fees, EQL is cheaper at 0.27% per year. On volatility, EQL has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EQL has performed better with a 12.47% return vs 12.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EQL is cheaper with a 0.27% expense ratio, compared with 1.00% for YCS.
EQL has the higher dividend yield at 1.62%, compared with 0.00% for YCS.
EQL is categorized as Large Cap Blend Equities, while YCS is Leveraged Currency. EQL tracks NYSE Equal Sector Weight Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: SS&C and ProShares. Their fees differ too: 0.27% for EQL and 1.00% for YCS.
EQL currently has the higher Sharpe Ratio (2.02 vs 1.92), 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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