GOLY vs. YCS
GOLY (Strategy Shares Gold-Hedged Bond ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, GOLY returned 5.64%/yr vs 23.52%/yr for YCS. At a correlation of -0.41, they often move in opposite directions. GOLY charges 0.79%/yr vs 1.00%/yr for YCS.
Performance
GOLY vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, GOLY achieves a -24.89% return, which is significantly lower than YCS's 9.63% return.
GOLY
- 1D
- -1.69%
- 1M
- -8.50%
- YTD
- -24.89%
- 6M
- -27.50%
- 1Y
- -9.04%
- 3Y*
- 15.20%
- 5Y*
- 5.64%
- 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%
GOLY vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | -24.89% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 10.01% |
Correlation
The correlation between GOLY and YCS is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | -0.41 |
The correlation between GOLY and YCS shifts across timeframes, from -0.41 (5 years) to -0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOLY vs. YCS — Risk / Return Rank
GOLY
YCS
GOLY vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) 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.
| GOLY | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.34 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.78 | -4.03 |
| Martin ratioReturn relative to average drawdown | -0.60 | 11.93 | -12.53 |
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Drawdowns
GOLY vs. YCS - Drawdown Comparison
The maximum GOLY drawdown since its inception was -36.08%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for GOLY and YCS.
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Drawdown Indicators
| GOLY | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.08% | -49.56% | +13.48% |
Max Drawdown (1Y)Largest decline over 1 year | -36.08% | -8.30% | -27.78% |
Max Drawdown (3Y)Largest decline over 3 years | -36.08% | -23.05% | -13.03% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | -27.32% | -8.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -35.19% | -0.14% | -35.05% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -19.87% | +7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.99% | 2.65% | +12.34% |
Volatility
GOLY vs. YCS - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 9.36% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that GOLY'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
| GOLY | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 2.25% | +7.11% |
Volatility (6M)Calculated over the trailing 6-month period | 30.58% | 12.19% | +18.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.78% | 16.93% | +16.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 21.10% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.42% | 18.82% | +3.60% |
GOLY vs. YCS - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
GOLY vs. YCS - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.80%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.80% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOLY and YCS have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (9.36%) compared to YCS (2.25%). In terms of maximum drawdown, GOLY dropped -36.08% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs 5.64% for GOLY. On fees, GOLY is cheaper at 0.79% 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.
Over the 5-year period, YCS has performed better with a 23.52% return vs 5.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GOLY is cheaper with a 0.79% expense ratio, compared with 1.00% for YCS.
GOLY has the higher dividend yield at 9.80%, compared with 0.00% for YCS.
GOLY is categorized as Nontraditional Bonds, while YCS is Leveraged Currency. GOLY tracks Solactive Gold-Backed Bond Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Strategy Shares and ProShares. Their fees differ too: 0.79% for GOLY and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -0.27), 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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