IEDI vs. YCS
IEDI (iShares Evolved U.S. Discretionary Spending ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IEDI is a Consumer Discretionary Equities fund actively managed by iShares, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). IEDI is actively managed, while YCS is passively managed. Over the past 5 years, IEDI returned 5.22%/yr vs 24.01%/yr for YCS. At a 0.03 correlation, their price movements are largely independent. IEDI charges 0.18%/yr vs 1.00%/yr for YCS.
Performance
IEDI vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, IEDI achieves a 0.16% return, which is significantly lower than YCS's 10.29% return.
IEDI
- 1D
- 0.72%
- 1M
- -1.21%
- 6M
- -4.88%
- YTD
- 0.16%
- 1Y
- 0.48%
- 3Y*
- 11.77%
- 5Y*
- 5.22%
- 10Y*
- —
YCS
- 1D
- -0.78%
- 1M
- 2.50%
- 6M
- 8.31%
- YTD
- 10.29%
- 1Y
- 29.06%
- 3Y*
- 20.30%
- 5Y*
- 24.01%
- 10Y*
- 13.13%
IEDI vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEDI iShares Evolved U.S. Discretionary Spending ETF | 0.16% | 4.05% | 22.11% | 24.32% | -23.17% | 21.19% | 29.83% | 31.07% | 0.42% |
YCS ProShares UltraShort Yen | 10.29% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | 12.11% |
Correlation
The correlation between IEDI 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 | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.03 |
The correlation between IEDI and YCS shifts across timeframes, from -0.24 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEDI vs. YCS — Risk / Return Rank
IEDI
YCS
IEDI vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Discretionary Spending ETF (IEDI) 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.
| IEDI | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.76 | -3.78 |
| Martin ratioReturn relative to average drawdown | -0.04 | 11.88 | -11.92 |
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Drawdowns
IEDI vs. YCS - Drawdown Comparison
The maximum IEDI drawdown since its inception was -30.60%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IEDI and YCS.
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Drawdown Indicators
| IEDI | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.60% | -49.56% | +18.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -8.30% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.64% | -23.05% | +4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -29.79% | -27.32% | -2.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -5.69% | -1.01% | -4.68% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -19.82% | +12.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 2.62% | +1.61% |
Volatility
IEDI vs. YCS - Volatility Comparison
iShares Evolved U.S. Discretionary Spending ETF (IEDI) has a higher volatility of 4.77% compared to ProShares UltraShort Yen (YCS) at 3.05%. This indicates that IEDI'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
| IEDI | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 3.05% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | 11.94% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 16.66% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.30% | 21.09% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 18.75% | +0.65% |
IEDI vs. YCS - Expense Ratio Comparison
IEDI has a 0.18% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
IEDI vs. YCS - Dividend Comparison
IEDI's dividend yield for the trailing twelve months is around 0.96%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IEDI iShares Evolved U.S. Discretionary Spending ETF | 0.96% | 0.95% | 0.90% | 1.13% | 3.38% | 0.70% | 0.83% | 2.07% | 1.57% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEDI 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.
IEDI has higher volatility (4.77%) compared to YCS (3.05%). In terms of maximum drawdown, IEDI dropped -30.60% vs YCS's -49.56%.
On 5-year performance, YCS leads with 24.01% vs 5.22% for IEDI. On fees, IEDI is cheaper at 0.18% per year. On volatility, YCS has been the lower-risk option at 3.05%. 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 24.01% return vs 5.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEDI is cheaper with a 0.18% expense ratio, compared with 1.00% for YCS.
IEDI has the higher dividend yield at 0.96%, compared with 0.00% for YCS.
IEDI is categorized as Consumer Discretionary Equities, while YCS is Leveraged Currency. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.18% for IEDI and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.87 vs -0.01), 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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