EUAD vs. YCS

Last updated Jun 4, 2026

EUAD (Select STOXX Europe Aerospace & Defense ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past year, EUAD returned -3.68% vs 32.82% for YCS. At a correlation of -0.13, they often move in opposite directions. EUAD charges 0.50%/yr vs 1.00%/yr for YCS.

Performance

EUAD vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Select STOXX Europe Aerospace & Defense ETF (EUAD) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUAD achieves a -5.41% return, which is significantly lower than YCS's 7.17% return.

EUAD

• 1D: -1.53%
• 1M: -1.14%
• YTD: -5.41%
• 6M: -1.74%
• 1Y: -3.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUAD vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EUAD Select STOXX Europe Aerospace & Defense ETF	-5.41%	74.51%	-3.62%
YCS ProShares UltraShort Yen	7.17%	9.04%	7.98%

Correlation

The correlation between EUAD 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 (All Time) Calculated using the full available price history since Oct 23, 2024	-0.13

Return for Risk

EUAD vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUAD

EUAD Risk / Return Rank: 7
EUAD Sharpe Ratio Rank: 7
EUAD Sortino Ratio Rank: 7
EUAD Omega Ratio Rank: 7
EUAD Calmar Ratio Rank: 7
EUAD Martin Ratio Rank: 7

YCS

YCS Risk / Return Rank: 61
YCS Sharpe Ratio Rank: 56
YCS Sortino Ratio Rank: 49
YCS Omega Ratio Rank: 56
YCS Calmar Ratio Rank: 78
YCS Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUAD vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) 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.

	EUAD	YCS	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	1.92	-2.05
Sortino ratio: Return per unit of downside risk	0.02	2.44	-2.42
Omega ratio: Gain probability vs. loss probability	1.00	1.35	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.17	3.97	-4.14
Martin ratio: Return relative to average drawdown	-0.41	12.40	-12.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUAD vs. YCS - Sharpe Ratio Comparison

The current EUAD Sharpe Ratio is -0.13, which is lower than the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of EUAD and YCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUAD	YCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	1.92	-2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.12	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.33	+0.80

Drawdowns

EUAD vs. YCS - Drawdown Comparison

The maximum EUAD drawdown since its inception was -22.04%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EUAD and YCS.

Drawdown Indicators

	EUAD	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-49.56%	+27.52%
Max Drawdown (1Y) Largest decline over 1 year	-22.04%	-8.30%	-13.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.32%	—
Current Drawdown Current decline from peak	-17.46%	0.00%	-17.46%
Average Drawdown Average peak-to-trough decline	-5.62%	-19.93%	+14.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.99%	2.66%	+6.33%

Volatility

EUAD vs. YCS - Volatility Comparison

Select STOXX Europe Aerospace & Defense ETF (EUAD) has a higher volatility of 11.32% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that EUAD'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.

Volatility by Period

	EUAD	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.32%	2.75%	+8.57%
Volatility (6M) Calculated over the trailing 6-month period	24.20%	12.32%	+11.88%
Volatility (1Y) Calculated over the trailing 1-year period	29.14%	17.27%	+11.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.84%	21.10%	+8.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.84%	19.01%	+10.83%

EUAD vs. YCS - Expense Ratio Comparison

EUAD has a 0.50% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

EUAD vs. YCS - Dividend Comparison

EUAD's dividend yield for the trailing twelve months is around 0.42%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024
EUAD Select STOXX Europe Aerospace & Defense ETF	0.42%	0.40%	0.10%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUAD and YCS in my portfolio?

EUAD 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.

Which is riskier, EUAD or YCS?

EUAD has higher volatility (11.32%) compared to YCS (2.75%). In terms of maximum drawdown, EUAD dropped -22.04% vs YCS's -49.56%.

Which ETF is better, EUAD or YCS?

On 1-year performance, YCS leads with 32.82% vs -3.68% for EUAD. On fees, EUAD is cheaper at 0.50% per year. On volatility, YCS has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUAD or YCS?

Over the 1-year period, YCS has performed better with a 32.82% return vs -3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUAD or YCS?

EUAD is cheaper with a 0.50% expense ratio, compared with 1.00% for YCS.

Which ETF pays a higher dividend yield, EUAD or YCS?

EUAD has the higher dividend yield at 0.42%, compared with 0.00% for YCS.

What is the main difference between EUAD and YCS?

EUAD is categorized as Aerospace & Defense, while YCS is Leveraged Currency. EUAD tracks STOXX Europe Total Market Aerospace & Defense Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Select Funds and ProShares. Their fees differ too: 0.50% for EUAD and 1.00% for YCS.

Which has better risk-adjusted returns?

YCS currently has the higher Sharpe Ratio (1.92 vs -0.13), 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.