EZET vs. YCS

Last updated Jun 24, 2026

EZET (Franklin Ethereum ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - EZET is a Cryptocurrency fund tracking the CME CF Ether-Dollar Reference Rate - New York Variant, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past year, EZET returned -28.46% vs 31.27% for YCS. At a 0.02 correlation, their price movements are largely independent. EZET charges 0.19%/yr vs 1.00%/yr for YCS.

Performance

EZET vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Ethereum ETF (EZET) 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, EZET achieves a -44.18% return, which is significantly lower than YCS's 9.63% return.

EZET

• 1D: -4.27%
• 1M: -19.67%
• YTD: -44.18%
• 6M: -44.13%
• 1Y: -28.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

EZET vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EZET Franklin Ethereum ETF	-44.18%	-11.23%	-4.77%
YCS ProShares UltraShort Yen	9.63%	9.04%	2.08%

Correlation

The correlation between EZET and YCS is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.02

Return for Risk

EZET vs. YCS — Risk / Return Rank

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

EZET

EZET Risk / Return Rank: 6
EZET Sharpe Ratio Rank: 5
EZET Sortino Ratio Rank: 6
EZET Omega Ratio Rank: 6
EZET Calmar Ratio Rank: 5
EZET Martin Ratio Rank: 6

YCS

YCS Risk / Return Rank: 63
YCS Sharpe Ratio Rank: 58
YCS Sortino Ratio Rank: 51
YCS Omega Ratio Rank: 59
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 69

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.

EZET vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Ethereum ETF (EZET) 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.

	EZET	YCS	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	1.86	-2.27
Sortino ratio: Return per unit of downside risk	-0.20	2.36	-2.57
Omega ratio: Gain probability vs. loss probability	0.98	1.34	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.42	3.78	-4.21
Martin ratio: Return relative to average drawdown	-0.71	11.93	-12.63

EZET vs. YCS - Sharpe Ratio Comparison

The current EZET Sharpe Ratio is -0.41, which is lower than the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of EZET 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.

Drawdowns

EZET vs. YCS - Drawdown Comparison

The maximum EZET drawdown since its inception was -67.56%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EZET and YCS.

Drawdown Indicators

	EZET	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-67.56%	-49.56%	-18.00%
Max Drawdown (1Y) Largest decline over 1 year	-67.56%	-8.30%	-59.26%
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	-65.79%	-0.14%	-65.65%
Average Drawdown Average peak-to-trough decline	-33.64%	-19.87%	-13.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.40%	2.65%	+37.75%

Volatility

EZET vs. YCS - Volatility Comparison

Franklin Ethereum ETF (EZET) has a higher volatility of 19.85% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that EZET'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

	EZET	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.85%	2.25%	+17.60%
Volatility (6M) Calculated over the trailing 6-month period	46.99%	12.19%	+34.80%
Volatility (1Y) Calculated over the trailing 1-year period	69.14%	16.93%	+52.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.49%	21.10%	+51.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.49%	18.82%	+53.67%

EZET vs. YCS - Expense Ratio Comparison

EZET has a 0.19% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

EZET vs. YCS - Dividend Comparison

Neither EZET nor YCS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EZET and YCS in my portfolio?

EZET and YCS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EZET or YCS?

EZET has higher volatility (19.85%) compared to YCS (2.25%). In terms of maximum drawdown, EZET dropped -67.56% vs YCS's -49.56%.

Which ETF is better, EZET or YCS?

On 1-year performance, YCS leads with 31.27% vs -28.46% for EZET. On fees, EZET is cheaper at 0.19% 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.

Which ETF has performed better, EZET or YCS?

Over the 1-year period, YCS has performed better with a 31.27% return vs -28.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EZET or YCS?

EZET is cheaper with a 0.19% expense ratio, compared with 1.00% for YCS.

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

EZET and YCS have nearly identical dividend yields, around 0.00%.

What is the main difference between EZET and YCS?

EZET is categorized as Cryptocurrency, while YCS is Leveraged Currency. EZET tracks CME CF Ether-Dollar Reference Rate - New York Variant, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Franklin Templeton and ProShares. Their fees differ too: 0.19% for EZET and 1.00% for YCS.

Which has better risk-adjusted returns?

YCS currently has the higher Sharpe Ratio (1.86 vs -0.41), 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.