GQRE vs. YCS
GQRE (FlexShares Global Quality Real Estate Index Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - GQRE is a Quality Factor fund tracking the Northern Trust Global Quality Real Estate (NR), while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, GQRE returned 3.74%/yr vs 13.35%/yr for YCS. Their -0.04 correlation means they have often moved in opposite directions in the past. GQRE charges 0.45%/yr vs 1.00%/yr for YCS.
Performance
GQRE vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GQRE achieves a 11.97% return, which is significantly higher than YCS's 5.42% return. Over the past 10 years, GQRE has underperformed YCS with an annualized return of 3.74%, while YCS has yielded a comparatively higher 13.35% annualized return.
GQRE
- 1D
- -0.25%
- 1M
- 0.70%
- 6M
- 7.91%
- YTD
- 11.97%
- 1Y
- 15.04%
- 3Y*
- 11.26%
- 5Y*
- 2.21%
- 10Y*
- 3.74%
- ALL TIME*
- 5.21%
YCS
- 1D
- 1.26%
- 1M
- -3.97%
- 6M
- 6.17%
- YTD
- 5.42%
- 1Y
- 23.44%
- 3Y*
- 17.45%
- 5Y*
- 23.10%
- 10Y*
- 13.35%
- ALL TIME*
- 6.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.01M | $668.95K | $807.17K | |
| $2.54M | $2.29M | $1.59M |
GQRE vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 11.97% | 8.27% | 6.09% | 9.21% | -27.22% | 32.01% | -9.17% | 21.84% | -8.88% | 13.60% |
YCS ProShares UltraShort Yen | 5.42% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between GQRE and YCS is -0.37, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.37 |
Correlation (3Y) Balances recent behavior with more history. | -0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2013 | -0.04 |
Over the past year, the inverse relationship between GQRE and YCS has strengthened: their correlation has moved from -0.04 to -0.37, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GQRE vs. YCS — Risk / Return Rank
GQRE
YCS
GQRE vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) 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.
| GQRE | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.78 | -1.29 |
| Martin ratioReturn relative to average drawdown | 5.74 | 10.25 | -4.52 |
Loading charts...
Drawdowns
GQRE vs. YCS - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for GQRE and YCS.
Loading charts...
Drawdown Indicators
| GQRE | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -49.56% | +7.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -8.48% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -23.05% | +7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -35.08% | -27.32% | -7.76% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | -27.32% | -14.55% |
Current DrawdownCurrent decline from peak | -2.18% | -7.32% | +5.14% |
Average DrawdownAverage peak-to-trough decline | -9.13% | -19.75% | +10.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.29% | +0.34% |
Volatility
GQRE vs. YCS - Volatility Comparison
The current volatility for FlexShares Global Quality Real Estate Index Fund (GQRE) is 3.25%, while ProShares UltraShort Yen (YCS) has a volatility of 5.95%. This indicates that GQRE experiences smaller price fluctuations and is considered to be less risky than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GQRE | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 5.95% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 11.87% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 16.44% | -4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 21.21% | -4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 18.61% | -0.97% |
GQRE vs. YCS - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
GQRE vs. YCS - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 4.19%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 4.19% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GQRE and YCS have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (5.95%) compared to GQRE (3.25%). In terms of maximum drawdown, GQRE dropped -41.87% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.35% vs 3.74% for GQRE. On fees, GQRE is cheaper at 0.45% per year. On volatility, GQRE has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YCS has performed better with a 13.35% return vs 3.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GQRE is cheaper with a 0.45% expense ratio, compared with 1.00% for YCS.
GQRE has the higher dividend yield at 4.19%, compared with 0.00% for YCS.
GQRE is categorized as Quality Factor, while YCS is Leveraged Currency. GQRE tracks Northern Trust Global Quality Real Estate (NR), while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Northern Trust and ProShares. Their fees differ too: 0.45% for GQRE and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.43 vs 1.29), 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.
Find the right allocation for GQRE and YCS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer