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IGV vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGV vs. YCS

Last updated Jun 4, 2026

IGV (iShares Expanded Tech-Software Sector ET) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Technology-Software Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, IGV returned 16.89%/yr vs 12.34%/yr for YCS. At a 0.16 correlation, their price movements are largely independent. IGV charges 0.46%/yr vs 1.00%/yr for YCS.

Performance

IGV vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ET (IGV) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IGV achieves a -5.19% return, which is significantly lower than YCS's 7.17% return. Over the past 10 years, IGV has outperformed YCS with an annualized return of 16.89%, while YCS has yielded a comparatively lower 12.34% annualized return.

IGV

1D
-4.33%
1M
13.30%
YTD
-5.19%
6M
-6.07%
1Y
-4.56%
3Y*
14.91%
5Y*
6.80%
10Y*
16.89%

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

IGV vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGV
iShares Expanded Tech-Software Sector ET		-5.19%5.56%23.41%58.56%-35.65%12.30%52.86%34.33%12.44%42.16%
YCS
ProShares UltraShort Yen		7.17%9.04%35.41%28.70%29.09%22.38%-11.18%3.37%-1.49%-6.57%

Correlation

The correlation between IGV and YCS is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.00

Correlation (10Y)
Calculated over the trailing 10-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2008

0.16

The correlation between IGV and YCS shifts across timeframes, from -0.07 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Expanded Tech-Software Sector ET

ProShares UltraShort Yen

Often compared with IGV:
IGV vs. QQQIGV vs. XSWIGV vs. SOXXIGV vs. VGTIGV vs. XLKIGV vs. SMHXIGV vs. VOO
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

IGV vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGV
IGV Risk / Return Rank: 77
Overall Rank
IGV Sharpe Ratio Rank: 77
Sharpe Ratio Rank
IGV Sortino Ratio Rank: 77
Sortino Ratio Rank
IGV Omega Ratio Rank: 77
Omega Ratio Rank
IGV Calmar Ratio Rank: 77
Calmar Ratio Rank
IGV Martin Ratio Rank: 77
Martin Ratio Rank
YCS
YCS Risk / Return Rank: 6161
Overall Rank
YCS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 4949
Sortino Ratio Rank
YCS Omega Ratio Rank: 5656
Omega Ratio Rank
YCS Calmar Ratio Rank: 7878
Calmar Ratio Rank
YCS Martin Ratio Rank: 6767
Martin Ratio Rank
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.

IGV vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ET (IGV) 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.

IGVYCSDifference
Sharpe ratioReturn per unit of total volatility
-0.17
1.92

-2.09

Sortino ratioReturn per unit of downside risk
-0.04
2.44

-2.49

Omega ratioGain probability vs. loss probability

0.99

1.35

-0.36

Calmar ratioReturn relative to maximum drawdown

-0.13

3.97

-4.10

Martin ratioReturn relative to average drawdown

-0.27

12.40

-12.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGV vs. YCS - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.17, which is lower than the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of IGV and YCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IGVYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.17

1.92

-2.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.25

1.12

-0.88

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.65

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.33

+0.04

Drawdowns

IGV vs. YCS - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IGV and YCS.

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Drawdown Indicators

IGVYCSDifference

Max Drawdown

Largest peak-to-trough decline

-63.45%

-49.56%

-13.89%

Max Drawdown (1Y)

Largest decline over 1 year

-36.61%

-8.30%

-28.31%

Max Drawdown (3Y)

Largest decline over 3 years

-36.61%

-23.05%

-13.56%

Max Drawdown (5Y)

Largest decline over 5 years

-45.85%

-27.32%

-18.53%

Max Drawdown (10Y)

Largest decline over 10 years

-45.85%

-27.32%

-18.53%

Current Drawdown

Current decline from peak

-14.93%

0.00%

-14.93%

Average Drawdown

Average peak-to-trough decline

-14.44%

-19.93%

+5.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.22%

2.66%

+14.56%

Volatility

IGV vs. YCS - Volatility Comparison

iShares Expanded Tech-Software Sector ET (IGV) has a higher volatility of 11.63% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that IGV'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

IGVYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.63%

2.75%

+8.88%

Volatility (6M)

Calculated over the trailing 6-month period

24.39%

12.32%

+12.07%

Volatility (1Y)

Calculated over the trailing 1-year period

27.61%

17.27%

+10.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.86%

21.10%

+6.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.35%

19.01%

+7.34%

IGV vs. YCS - Expense Ratio Comparison

IGV has a 0.46% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

IGV vs. YCS - Dividend Comparison

Neither IGV nor YCS has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IGV
iShares Expanded Tech-Software Sector ET		0.00%0.00%0.00%0.01%0.01%0.00%0.35%0.02%0.16%0.09%0.82%0.22%
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

IGV and YCS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGV has higher volatility (11.63%) compared to YCS (2.75%). In terms of maximum drawdown, IGV dropped -63.45% vs YCS's -49.56%.

On 10-year performance, IGV leads with 16.89% vs 12.34% for YCS. On fees, IGV is cheaper at 0.46% 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 10-year period, IGV has performed better with a 16.89% return vs 12.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGV is cheaper with a 0.46% expense ratio, compared with 1.00% for YCS.

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

IGV is categorized as Technology Equities, while YCS is Leveraged Currency. IGV tracks S&P North American Technology-Software Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.46% for IGV and 1.00% for YCS.

YCS currently has the higher Sharpe Ratio (1.92 vs -0.17), 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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