EVMT vs. YCS
EVMT (Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EVMT is a Commodities fund actively managed by Invesco, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). EVMT is actively managed, while YCS is passively managed. Over the past 3 years, EVMT returned 4.71%/yr vs 19.84%/yr for YCS. At a correlation of -0.20, they often move in opposite directions. EVMT charges 0.59%/yr vs 1.00%/yr for YCS.
Performance
EVMT vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, EVMT achieves a 13.45% return, which is significantly higher than YCS's 7.17% return.
EVMT
- 1D
- -1.66%
- 1M
- 2.45%
- YTD
- 13.45%
- 6M
- 22.53%
- 1Y
- 41.86%
- 3Y*
- 4.71%
- 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%
EVMT vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF | 13.45% | 30.61% | -10.50% | -27.71% | -16.95% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 28.70% | 5.55% |
Correlation
The correlation between EVMT and YCS is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | -0.20 |
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Return for Risk
EVMT vs. YCS — Risk / Return Rank
EVMT
YCS
EVMT vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) 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.
| EVMT | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.35 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 3.97 | +1.31 |
| Martin ratioReturn relative to average drawdown | 17.86 | 12.40 | +5.47 |
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
| EVMT | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 1.92 | +0.87 |
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 | -0.26 | 0.33 | -0.60 |
Drawdowns
EVMT vs. YCS - Drawdown Comparison
The maximum EVMT drawdown since its inception was -48.34%, roughly equal to the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EVMT and YCS.
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Drawdown Indicators
| EVMT | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.34% | -49.56% | +1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -8.30% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -29.38% | -23.05% | -6.33% |
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 | -21.69% | 0.00% | -21.69% |
Average DrawdownAverage peak-to-trough decline | -34.74% | -19.93% | -14.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.66% | -0.31% |
Volatility
EVMT vs. YCS - Volatility Comparison
Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) has a higher volatility of 4.51% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that EVMT'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
| EVMT | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 2.75% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 12.32% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 17.27% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.51% | 21.10% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.51% | 19.01% | +1.50% |
EVMT vs. YCS - Expense Ratio Comparison
EVMT has a 0.59% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
EVMT vs. YCS - Dividend Comparison
EVMT's dividend yield for the trailing twelve months is around 10.40%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF | 10.40% | 11.80% | 3.62% | 5.49% | 0.86% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EVMT and YCS have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVMT has higher volatility (4.51%) compared to YCS (2.75%). In terms of maximum drawdown, EVMT dropped -48.34% vs YCS's -49.56%.
On 3-year performance, YCS leads with 19.84% vs 4.71% for EVMT. On fees, EVMT is cheaper at 0.59% 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.
Over the 3-year period, YCS has performed better with a 19.84% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVMT is cheaper with a 0.59% expense ratio, compared with 1.00% for YCS.
EVMT has the higher dividend yield at 10.40%, compared with 0.00% for YCS.
EVMT is categorized as Commodities, while YCS is Leveraged Currency. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.59% for EVMT and 1.00% for YCS.
EVMT currently has the higher Sharpe Ratio (2.79 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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