GBLD vs. YCS

Last updated Jun 4, 2026

GBLD (Invesco MSCI Green Building ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - GBLD is a Sustainable fund tracking the MSCI Global Green Building Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. At a correlation of -0.28, they often move in opposite directions. GBLD charges 0.39%/yr vs 1.00%/yr for YCS.

Performance

GBLD vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Green Building ETF (GBLD) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GBLD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 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)

GBLD vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GBLD Invesco MSCI Green Building ETF	4.52%	17.95%	-5.63%	6.39%	-21.69%	-2.45%
YCS ProShares UltraShort Yen	7.17%	9.04%	35.41%	28.70%	29.09%	12.25%

Correlation

The correlation between GBLD and YCS is -0.44, 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	-0.44
Correlation (3Y) Calculated over the trailing 3-year period	-0.35
Correlation (5Y) Calculated over the trailing 5-year period	-0.28
Correlation (All Time) Calculated using the full available price history since Apr 23, 2021	-0.28

The correlation between GBLD and YCS shifts across timeframes, from -0.44 (1 year) to -0.28 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GBLD vs. YCS — Risk / Return Rank

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

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.

GBLD vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Green Building ETF (GBLD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GBLD	YCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.92	—
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	—	0.33	—

Drawdowns

Drawdown Indicators

	GBLD	YCS	Difference
Max Drawdown Largest peak-to-trough decline	—	-49.56%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.30%	—
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	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-19.93%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.66%	—

Volatility

Volatility by Period

	GBLD	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	17.27%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	21.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.01%	—

GBLD vs. YCS - Expense Ratio Comparison

GBLD has a 0.39% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

GBLD vs. YCS - Dividend Comparison

GBLD's dividend yield for the trailing twelve months is around 3.45%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
GBLD Invesco MSCI Green Building ETF	3.45%	3.27%	5.34%	6.60%	3.79%	3.16%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GBLD and YCS in my portfolio?

GBLD and YCS have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBLD or YCS?

On fees, GBLD is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBLD or YCS?

GBLD is cheaper with a 0.39% expense ratio, compared with 1.00% for YCS.

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

GBLD has the higher dividend yield at 3.45%, compared with 0.00% for YCS.

What is the main difference between GBLD and YCS?

GBLD is categorized as Sustainable, while YCS is Leveraged Currency. GBLD tracks MSCI Global Green Building Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.39% for GBLD and 1.00% for YCS.