IGLB vs. YCS
IGLB (iShares 10+ Year Investment Grade Corporate Bond ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IGLB is a Corporate Bonds fund tracking the ICE BofAML10+ Year US Corporate Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, IGLB returned 1.63%/yr vs 13.13%/yr for YCS. At a correlation of -0.37, they often move in opposite directions. IGLB charges 0.06%/yr vs 1.00%/yr for YCS.
Performance
IGLB vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, IGLB achieves a -0.35% return, which is significantly lower than YCS's 10.29% return. Over the past 10 years, IGLB has underperformed YCS with an annualized return of 1.63%, while YCS has yielded a comparatively higher 13.13% annualized return.
IGLB
- 1D
- -0.29%
- 1M
- -1.62%
- 6M
- -1.06%
- YTD
- -0.35%
- 1Y
- 4.74%
- 3Y*
- 4.15%
- 5Y*
- -2.65%
- 10Y*
- 1.63%
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%
IGLB vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | -0.35% | 7.53% | -1.50% | 11.03% | -25.38% | -1.68% | 13.30% | 23.19% | -6.90% | 12.15% |
YCS ProShares UltraShort Yen | 10.29% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between IGLB and YCS is -0.42, 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 | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2009 | -0.37 |
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Return for Risk
IGLB vs. YCS — Risk / Return Rank
IGLB
YCS
IGLB vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) 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.
| IGLB | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.35 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 3.76 | -3.05 |
| Martin ratioReturn relative to average drawdown | 1.75 | 11.88 | -10.13 |
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Drawdowns
IGLB vs. YCS - Drawdown Comparison
The maximum IGLB drawdown since its inception was -34.12%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IGLB and YCS.
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Drawdown Indicators
| IGLB | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -49.56% | +15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -8.30% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -23.05% | +10.18% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -27.32% | -6.80% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | -27.32% | -6.80% |
Current DrawdownCurrent decline from peak | -14.72% | -1.01% | -13.71% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -19.82% | +11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.62% | -0.50% |
Volatility
IGLB vs. YCS - Volatility Comparison
The current volatility for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) is 2.18%, while ProShares UltraShort Yen (YCS) has a volatility of 3.05%. This indicates that IGLB 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
| IGLB | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 3.05% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 5.93% | 11.94% | -6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.70% | 16.66% | -8.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.38% | 21.09% | -8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 18.75% | -6.22% |
IGLB vs. YCS - Expense Ratio Comparison
IGLB has a 0.06% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
IGLB vs. YCS - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 5.34%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 5.34% | 5.14% | 5.10% | 4.59% | 4.56% | 3.16% | 3.22% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% |
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
IGLB and YCS have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (3.05%) compared to IGLB (2.18%). In terms of maximum drawdown, IGLB dropped -34.12% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.13% vs 1.63% for IGLB. On fees, IGLB is cheaper at 0.06% per year. On volatility, IGLB has been the lower-risk option at 2.18%. 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 13.13% return vs 1.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGLB is cheaper with a 0.06% expense ratio, compared with 1.00% for YCS.
IGLB has the higher dividend yield at 5.34%, compared with 0.00% for YCS.
IGLB is categorized as Corporate Bonds, while YCS is Leveraged Currency. IGLB tracks ICE BofAML10+ Year US Corporate Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.06% for IGLB and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.87 vs 0.48), 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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