GSUI vs. YCS

Last updated Jul 17, 2026

GSUI (Grayscale Sui Staking ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - GSUI is a Cryptocurrency fund tracking the CoinDesk SUI Reference Rate, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. At a correlation of -0.15, they often move in opposite directions. GSUI charges 0.00%/yr vs 1.00%/yr for YCS.

Performance

GSUI vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Sui Staking ETF (GSUI) 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, GSUI achieves a -44.62% return, which is significantly lower than YCS's 11.45% return.

GSUI

• 1D: 0.00%
• 1M: -5.65%
• 6M: -60.24%
• YTD: -44.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YCS

• 1D: 0.42%
• 1M: 3.09%
• 6M: 8.08%
• YTD: 11.45%
• 1Y: 29.82%
• 3Y*: 21.64%
• 5Y*: 24.30%
• 10Y*: 12.99%

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

GSUI vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
GSUI Grayscale Sui Staking ETF	-44.62%	-42.99%
YCS ProShares UltraShort Yen	11.45%	1.23%

Correlation

The correlation between GSUI and YCS is -0.15, 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 (All Time) Calculated using the full available price history since Nov 24, 2025	-0.15

Return for Risk

GSUI vs. YCS — Risk / Return Rank

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

GSUI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

YCS

YCS Risk / Return Rank: 73
YCS Sharpe Ratio Rank: 71
YCS Sortino Ratio Rank: 61
YCS Omega Ratio Rank: 74
YCS Calmar Ratio Rank: 84
YCS Martin Ratio Rank: 77

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.

GSUI vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Sui Staking ETF (GSUI) 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.

	GSUI	YCS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.82	—
Sortino ratio: Return per unit of downside risk	—	2.30	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.61	—
Martin ratio: Return relative to average drawdown	—	11.41	—

Drawdowns

GSUI vs. YCS - Drawdown Comparison

The maximum GSUI drawdown since its inception was -71.63%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for GSUI and YCS.

Drawdown Indicators

	GSUI	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-71.63%	-49.56%	-22.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.30%	—
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	-68.43%	0.00%	-68.43%
Average Drawdown Average peak-to-trough decline	-54.04%	-19.80%	-34.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.62%	—

Volatility

Volatility by Period

	GSUI	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	102.20%	16.54%	+85.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.20%	21.09%	+81.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.20%	18.70%	+83.50%

GSUI vs. YCS - Expense Ratio Comparison

GSUI has a 0.00% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

GSUI vs. YCS - Dividend Comparison

Neither GSUI nor YCS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GSUI and YCS in my portfolio?

GSUI and YCS have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GSUI or YCS?

On fees, GSUI is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSUI or YCS?

GSUI is cheaper with a 0.00% expense ratio, compared with 1.00% for YCS.

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

GSUI and YCS have nearly identical dividend yields, around 0.00%.

What is the main difference between GSUI and YCS?

GSUI is categorized as Cryptocurrency, while YCS is Leveraged Currency. GSUI tracks CoinDesk SUI Reference Rate, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Grayscale and ProShares. Their fees differ too: 0.00% for GSUI and 1.00% for YCS.