GLCR vs. YCS

Last updated Jun 4, 2026

GLCR (GlacierShares Nasdaq Iceland ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - GLCR is a Europe Equities fund tracking the MarketVector Iceland Global Total Return Net Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past year, GLCR returned -7.32% vs 32.82% for YCS. At a correlation of -0.22, they often move in opposite directions. GLCR charges 0.95%/yr vs 1.00%/yr for YCS.

Performance

GLCR vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GlacierShares Nasdaq Iceland ETF (GLCR) 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, GLCR achieves a -10.49% return, which is significantly lower than YCS's 7.17% return.

GLCR

• 1D: -0.67%
• 1M: -9.07%
• YTD: -10.49%
• 6M: -3.88%
• 1Y: -7.32%
• 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)

GLCR vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
GLCR GlacierShares Nasdaq Iceland ETF	-10.49%	8.04%
YCS ProShares UltraShort Yen	7.17%	13.41%

Correlation

The correlation between GLCR and YCS is -0.29, 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	-0.29
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025	-0.22

Return for Risk

GLCR vs. YCS — Risk / Return Rank

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

GLCR

GLCR Risk / Return Rank: 5
GLCR Sharpe Ratio Rank: 5
GLCR Sortino Ratio Rank: 5
GLCR Omega Ratio Rank: 5
GLCR Calmar Ratio Rank: 5
GLCR Martin Ratio Rank: 3

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.

GLCR vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GlacierShares Nasdaq Iceland ETF (GLCR) 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.

	GLCR	YCS	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	1.92	-2.37
Sortino ratio: Return per unit of downside risk	-0.50	2.44	-2.94
Omega ratio: Gain probability vs. loss probability	0.94	1.35	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.44	3.97	-4.41
Martin ratio: Return relative to average drawdown	-1.22	12.40	-13.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLCR vs. YCS - Sharpe Ratio Comparison

The current GLCR Sharpe Ratio is -0.45, which is lower than the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of GLCR 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

	GLCR	YCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	1.92	-2.37
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	-0.15	0.33	-0.48

Drawdowns

GLCR vs. YCS - Drawdown Comparison

The maximum GLCR drawdown since its inception was -16.79%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for GLCR and YCS.

Drawdown Indicators

	GLCR	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-16.79%	-49.56%	+32.77%
Max Drawdown (1Y) Largest decline over 1 year	-16.79%	-8.30%	-8.49%
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	-16.79%	0.00%	-16.79%
Average Drawdown Average peak-to-trough decline	-4.54%	-19.93%	+15.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.02%	2.66%	+3.36%

Volatility

GLCR vs. YCS - Volatility Comparison

GlacierShares Nasdaq Iceland ETF (GLCR) has a higher volatility of 7.93% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that GLCR'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

	GLCR	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	2.75%	+5.18%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	12.32%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	17.27%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	21.10%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	19.01%	-0.39%

GLCR vs. YCS - Expense Ratio Comparison

GLCR has a 0.95% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

GLCR vs. YCS - Dividend Comparison

GLCR's dividend yield for the trailing twelve months is around 1.08%, while YCS has not paid dividends to shareholders.

Position	TTM	2025
GLCR GlacierShares Nasdaq Iceland ETF	1.08%	0.97%
YCS ProShares UltraShort Yen	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLCR and YCS in my portfolio?

GLCR and YCS have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLCR or YCS?

GLCR has higher volatility (7.93%) compared to YCS (2.75%). In terms of maximum drawdown, GLCR dropped -16.79% vs YCS's -49.56%.

Which ETF is better, GLCR or YCS?

On 1-year performance, YCS leads with 32.82% vs -7.32% for GLCR. On fees, GLCR is cheaper at 0.95% 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, GLCR or YCS?

Over the 1-year period, YCS has performed better with a 32.82% return vs -7.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLCR or YCS?

GLCR is cheaper with a 0.95% expense ratio, compared with 1.00% for YCS.

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

GLCR has the higher dividend yield at 1.08%, compared with 0.00% for YCS.

What is the main difference between GLCR and YCS?

GLCR is categorized as Europe Equities, while YCS is Leveraged Currency. GLCR tracks MarketVector Iceland Global Total Return Net Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Teucrium and ProShares. Their fees differ too: 0.95% for GLCR and 1.00% for YCS.

Which has better risk-adjusted returns?

YCS currently has the higher Sharpe Ratio (1.92 vs -0.45), 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.