GQRE vs. YCS
GQRE (FlexShares Global Quality Real Estate Index Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - GQRE is a REIT 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 3.78%/yr vs 12.34%/yr for YCS. At a correlation of -0.04, they often move in opposite directions. GQRE charges 0.45%/yr vs 1.00%/yr for YCS.
Performance
GQRE vs. YCS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GQRE having a 7.34% return and YCS slightly lower at 7.17%. Over the past 10 years, GQRE has underperformed YCS with an annualized return of 3.78%, while YCS has yielded a comparatively higher 12.34% annualized return.
GQRE
- 1D
- -0.36%
- 1M
- -1.32%
- YTD
- 7.34%
- 6M
- 7.63%
- 1Y
- 11.71%
- 3Y*
- 10.30%
- 5Y*
- 1.99%
- 10Y*
- 3.78%
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%
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 | 7.34% | 8.27% | 6.09% | 9.21% | -27.22% | 32.01% | -9.17% | 21.84% | -8.88% | 13.60% |
YCS ProShares UltraShort Yen | 7.17% | 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 -0.45, 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 | -0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013 | -0.04 |
Over the past year, the inverse relationship between GQRE and YCS has strengthened: their correlation has moved from -0.04 to -0.45, meaning they now move in opposite directions more often than their long-term average.
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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.
| GQRE | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 3.97 | -2.81 |
| Martin ratioReturn relative to average drawdown | 4.42 | 12.40 | -7.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GQRE | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.92 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 1.12 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.65 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.33 | -0.03 |
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.
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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% | -8.30% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -23.05% | +6.88% |
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 | -3.43% | 0.00% | -3.43% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -19.93% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.66% | 0.00% |
Volatility
GQRE vs. YCS - Volatility Comparison
FlexShares Global Quality Real Estate Index Fund (GQRE) has a higher volatility of 3.53% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that GQRE'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
| GQRE | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 2.75% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 12.32% | -3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 17.27% | -5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 21.10% | -4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 19.01% | -1.35% |
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 4.36%, 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 | 4.36% | 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 -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GQRE has higher volatility (3.53%) compared to YCS (2.75%). In terms of maximum drawdown, GQRE dropped -41.87% vs YCS's -49.56%.
On 10-year performance, YCS leads with 12.34% vs 3.78% for GQRE. On fees, GQRE is cheaper at 0.45% 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.
Over the 10-year period, YCS has performed better with a 12.34% return vs 3.78%. 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 4.36%, compared with 0.00% for YCS.
GQRE is categorized as REIT, 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 (1.92 vs 1.01), 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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