IHI vs. YCS
IHI (iShares U.S. Medical Devices ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IHI is a Health & Biotech Equities fund tracking the Dow Jones U.S. Select Medical Equipment Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, IHI returned 8.88%/yr vs 13.62%/yr for YCS. At a 0.13 correlation, their price movements are largely independent. IHI charges 0.38%/yr vs 1.00%/yr for YCS.
Performance
IHI vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IHI achieves a -20.78% return, which is significantly lower than YCS's 9.63% return. Over the past 10 years, IHI has underperformed YCS with an annualized return of 8.88%, while YCS has yielded a comparatively higher 13.62% annualized return.
IHI
- 1D
- 1.61%
- 1M
- -2.72%
- YTD
- -20.78%
- 6M
- -21.40%
- 1Y
- -18.62%
- 3Y*
- -3.57%
- 5Y*
- -3.41%
- 10Y*
- 8.88%
YCS
- 1D
- -0.14%
- 1M
- 3.57%
- YTD
- 9.63%
- 6M
- 10.44%
- 1Y
- 31.27%
- 3Y*
- 18.37%
- 5Y*
- 23.52%
- 10Y*
- 13.62%
IHI vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | -20.78% | 6.88% | 8.62% | 3.24% | -19.80% | 21.03% | 24.17% | 32.75% | 15.45% | 30.81% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between IHI and YCS is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | 0.13 |
The correlation between IHI and YCS shifts across timeframes, from -0.28 (1 year) to 0.13 (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.
Return for Risk
IHI vs. YCS — Risk / Return Rank
IHI
YCS
IHI vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) 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.
| IHI | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.34 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 3.78 | -4.50 |
| Martin ratioReturn relative to average drawdown | -1.63 | 11.93 | -13.56 |
Loading charts...
Drawdowns
IHI vs. YCS - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.65%, roughly equal to the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IHI and YCS.
Loading charts...
Drawdown Indicators
| IHI | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.65% | -49.56% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -26.11% | -8.30% | -17.81% |
Max Drawdown (3Y)Largest decline over 3 years | -26.64% | -23.05% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | -27.32% | -5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -27.32% | -5.93% |
Current DrawdownCurrent decline from peak | -25.20% | -0.14% | -25.06% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -19.87% | +11.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.44% | 2.65% | +8.79% |
Volatility
IHI vs. YCS - Volatility Comparison
iShares U.S. Medical Devices ETF (IHI) has a higher volatility of 6.75% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that IHI'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.
Loading charts...
Volatility by Period
| IHI | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 2.25% | +4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.82% | 12.19% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.62% | 16.93% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 21.10% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.82% | 18.82% | +1.00% |
IHI vs. YCS - Expense Ratio Comparison
IHI has a 0.38% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
IHI vs. YCS - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.49%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.49% | 0.34% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% |
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
IHI and YCS have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IHI has higher volatility (6.75%) compared to YCS (2.25%). In terms of maximum drawdown, IHI dropped -49.65% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.62% vs 8.88% for IHI. On fees, IHI is cheaper at 0.38% per year. On volatility, YCS has been the lower-risk option at 2.25%. 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 13.62% return vs 8.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IHI is cheaper with a 0.38% expense ratio, compared with 1.00% for YCS.
IHI has the higher dividend yield at 0.49%, compared with 0.00% for YCS.
IHI is categorized as Health & Biotech Equities, while YCS is Leveraged Currency. IHI tracks Dow Jones U.S. Select Medical Equipment Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.38% for IHI and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 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.
Find the right allocation for IHI and YCS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer