IGLD vs. YCS
IGLD (FT Cboe Vest Gold Strategy Target Income ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IGLD is a Precious Metals fund actively managed by First Trust, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). IGLD is actively managed, while YCS is passively managed. Over the past 5 years, IGLD returned 13.02%/yr vs 23.54%/yr for YCS. At a correlation of -0.34, they often move in opposite directions. IGLD charges 0.85%/yr vs 1.00%/yr for YCS.
Performance
IGLD vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD achieves a 1.69% return, which is significantly lower than YCS's 7.17% return.
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
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%
IGLD vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 28.70% | 29.09% | 14.24% |
Correlation
The correlation between IGLD and YCS is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | -0.34 |
The correlation between IGLD and YCS shifts across timeframes, from -0.34 (all time) to -0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLD vs. YCS — Risk / Return Rank
IGLD
YCS
IGLD vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) 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.
| IGLD | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 3.97 | -2.57 |
| Martin ratioReturn relative to average drawdown | 3.82 | 12.40 | -8.57 |
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
| IGLD | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.92 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 1.12 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.33 | +0.61 |
Drawdowns
IGLD vs. YCS - Drawdown Comparison
The maximum IGLD drawdown since its inception was -18.59%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IGLD and YCS.
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Drawdown Indicators
| IGLD | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -49.56% | +30.97% |
Max Drawdown (1Y)Largest decline over 1 year | -17.56% | -8.30% | -9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -23.05% | +5.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -27.32% | +8.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -15.16% | 0.00% | -15.16% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -19.93% | +14.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 2.66% | +3.77% |
Volatility
IGLD vs. YCS - Volatility Comparison
FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a higher volatility of 5.12% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that IGLD'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
| IGLD | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 2.75% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 21.01% | 12.32% | +8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.24% | 17.27% | +5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 21.10% | -5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 19.01% | -4.01% |
IGLD vs. YCS - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
IGLD vs. YCS - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 17.92%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLD and YCS have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (5.12%) compared to YCS (2.75%). In terms of maximum drawdown, IGLD dropped -18.59% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.54% vs 13.02% for IGLD. On fees, IGLD is cheaper at 0.85% 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 5-year period, YCS has performed better with a 23.54% return vs 13.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGLD is cheaper with a 0.85% expense ratio, compared with 1.00% for YCS.
IGLD has the higher dividend yield at 17.92%, compared with 0.00% for YCS.
IGLD is categorized as Precious Metals, while YCS is Leveraged Currency. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.85% for IGLD and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.92 vs 1.06), 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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