IBGL vs. YCS
IBGL (iShares iBonds Dec 2055 Term Treasury ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IBGL is a Government Bonds fund tracking the ICE 2055 Maturity US Treasury Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past year, IBGL returned -1.93% vs 21.34% for YCS. Their -0.31 correlation means they have often moved in opposite directions in the past. IBGL charges 0.07%/yr vs 1.00%/yr for YCS.
Performance
IBGL vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, IBGL achieves a -3.05% return, which is significantly lower than YCS's 4.11% return.
IBGL
- 1D
- 0.39%
- 1M
- -3.47%
- 6M
- -2.70%
- YTD
- -3.05%
- 1Y
- -1.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.55%
YCS
- 1D
- -2.97%
- 1M
- -5.17%
- 6M
- 5.08%
- YTD
- 4.11%
- 1Y
- 21.34%
- 3Y*
- 16.96%
- 5Y*
- 22.90%
- 10Y*
- 13.21%
- ALL TIME*
- 6.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.65K | $17.90K | $15.83K | |
| $2.37M | $2.29M | $1.56M |
IBGL vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBGL iShares iBonds Dec 2055 Term Treasury ETF | -3.05% | 0.99% |
YCS ProShares UltraShort Yen | 4.11% | 15.29% |
Correlation
The correlation between IBGL and YCS is -0.34, 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. | -0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | -0.31 |
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Return for Risk
IBGL vs. YCS — Risk / Return Rank
IBGL
YCS
IBGL vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2055 Term Treasury ETF (IBGL) 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.
| IBGL | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.26 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.53 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.57 | 9.53 | -10.10 |
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Drawdowns
IBGL vs. YCS - Drawdown Comparison
The maximum IBGL drawdown since its inception was -9.37%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IBGL and YCS.
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Drawdown Indicators
| IBGL | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -49.56% | +40.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.44% | -8.48% | +1.04% |
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 DrawdownCurrent decline from peak | -7.08% | -8.48% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -19.75% | +15.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 2.24% | +1.17% |
Volatility
IBGL vs. YCS - Volatility Comparison
The current volatility for iShares iBonds Dec 2055 Term Treasury ETF (IBGL) is 2.43%, while ProShares UltraShort Yen (YCS) has a volatility of 5.88%. This indicates that IBGL 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.
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Volatility by Period
| IBGL | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 5.88% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 11.84% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 16.43% | -7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.35% | 21.21% | -10.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.35% | 18.61% | -8.26% |
IBGL vs. YCS - Expense Ratio Comparison
IBGL has a 0.07% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
IBGL vs. YCS - Dividend Comparison
IBGL's dividend yield for the trailing twelve months is around 4.88%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IBGL iShares iBonds Dec 2055 Term Treasury ETF | 4.88% | 3.52% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% |
Frequently Asked Questions
IBGL and YCS have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (5.88%) compared to IBGL (2.43%). In terms of maximum drawdown, IBGL dropped -9.37% vs YCS's -49.56%.
On 1-year performance, YCS leads with 21.34% vs -1.93% for IBGL. On fees, IBGL is cheaper at 0.07% per year. On volatility, IBGL has been the lower-risk option at 2.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YCS has performed better with a 21.34% return vs -1.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGL is cheaper with a 0.07% expense ratio, compared with 1.00% for YCS.
IBGL has the higher dividend yield at 4.88%, compared with 0.00% for YCS.
IBGL is categorized as Government Bonds, while YCS is Leveraged Currency. IBGL tracks ICE 2055 Maturity US Treasury Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.07% for IBGL and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.31 vs -0.22), 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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