GDIV vs. YCS

Last updated Jun 23, 2026

GDIV (Harbor Dividend Growth Leaders ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - GDIV is a Large Cap Blend Equities fund actively managed by Harbor, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). GDIV is actively managed, while YCS is passively managed. Over the past 3 years, GDIV returned 16.81%/yr vs 18.43%/yr for YCS. At a correlation of -0.06, they often move in opposite directions. GDIV charges 0.50%/yr vs 1.00%/yr for YCS.

Performance

GDIV vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Dividend Growth Leaders ETF (GDIV) 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, GDIV achieves a 11.99% return, which is significantly higher than YCS's 9.78% return.

GDIV

• 1D: 0.07%
• 1M: 1.78%
• YTD: 11.99%
• 6M: 11.35%
• 1Y: 26.87%
• 3Y*: 16.81%
• 5Y*: —
• 10Y*: —

YCS

• 1D: 0.40%
• 1M: 3.71%
• YTD: 9.78%
• 6M: 9.63%
• 1Y: 31.36%
• 3Y*: 18.43%
• 5Y*: 23.50%
• 10Y*: 13.63%

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

GDIV vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GDIV Harbor Dividend Growth Leaders ETF	11.99%	10.81%	14.83%	16.45%	-1.01%
YCS ProShares UltraShort Yen	9.78%	9.04%	35.41%	28.70%	4.35%

Correlation

The correlation between GDIV 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 (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (All Time) Calculated using the full available price history since May 23, 2022	-0.06

The correlation between GDIV and YCS shifts across timeframes, from -0.19 (1 year) to -0.04 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GDIV vs. YCS — Risk / Return Rank

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

GDIV

GDIV Risk / Return Rank: 69
GDIV Sharpe Ratio Rank: 73
GDIV Sortino Ratio Rank: 76
GDIV Omega Ratio Rank: 73
GDIV Calmar Ratio Rank: 58
GDIV Martin Ratio Rank: 65

YCS

YCS Risk / Return Rank: 61
YCS Sharpe Ratio Rank: 57
YCS Sortino Ratio Rank: 49
YCS Omega Ratio Rank: 57
YCS Calmar Ratio Rank: 77
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.

GDIV vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Dividend Growth Leaders ETF (GDIV) 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.

	GDIV	YCS	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.86	+0.39
Sortino ratio: Return per unit of downside risk	3.23	2.37	+0.87
Omega ratio: Gain probability vs. loss probability	1.41	1.35	+0.07
Calmar ratio: Return relative to maximum drawdown	2.79	3.79	-1.00
Martin ratio: Return relative to average drawdown	11.60	11.86	-0.26

GDIV vs. YCS - Sharpe Ratio Comparison

The current GDIV Sharpe Ratio is 2.25, which is comparable to the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of GDIV 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

GDIV vs. YCS - Drawdown Comparison

The maximum GDIV drawdown since its inception was -18.93%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for GDIV and YCS.

Drawdown Indicators

	GDIV	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-18.93%	-49.56%	+30.63%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-8.30%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	-23.05%	+4.12%
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	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-3.15%	-19.88%	+16.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.65%	-0.33%

Volatility

GDIV vs. YCS - Volatility Comparison

Harbor Dividend Growth Leaders ETF (GDIV) has a higher volatility of 2.87% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that GDIV'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

	GDIV	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.22%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	12.19%	-2.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	16.96%	-4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	21.10%	-5.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	18.96%	-3.68%

GDIV vs. YCS - Expense Ratio Comparison

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

Dividends

GDIV vs. YCS - Dividend Comparison

GDIV's dividend yield for the trailing twelve months is around 1.12%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
GDIV Harbor Dividend Growth Leaders ETF	1.12%	1.19%	1.30%	2.27%	5.88%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GDIV and YCS in my portfolio?

GDIV 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, GDIV or YCS?

GDIV has higher volatility (2.87%) compared to YCS (2.22%). In terms of maximum drawdown, GDIV dropped -18.93% vs YCS's -49.56%.

Which ETF is better, GDIV or YCS?

On 3-year performance, YCS leads with 18.43% vs 16.81% for GDIV. On fees, GDIV is cheaper at 0.50% per year. On volatility, YCS has been the lower-risk option at 2.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDIV or YCS?

Over the 3-year period, YCS has performed better with a 18.43% return vs 16.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDIV or YCS?

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

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

GDIV has the higher dividend yield at 1.12%, compared with 0.00% for YCS.

What is the main difference between GDIV and YCS?

GDIV is categorized as Large Cap Blend Equities, while YCS is Leveraged Currency. They also come from different issuers: Harbor and ProShares. Their fees differ too: 0.50% for GDIV and 1.00% for YCS.

Which has better risk-adjusted returns?

GDIV currently has the higher Sharpe Ratio (2.25 vs 1.86), 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.