IJS vs. YCS
IJS (iShares S&P SmallCap 600 Value ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, IJS returned 10.51%/yr vs 13.63%/yr for YCS. At a 0.17 correlation, their price movements are largely independent. IJS charges 0.25%/yr vs 1.00%/yr for YCS.
Performance
IJS vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, IJS achieves a 17.64% return, which is significantly higher than YCS's 9.78% return. Over the past 10 years, IJS has underperformed YCS with an annualized return of 10.51%, while YCS has yielded a comparatively higher 13.63% annualized return.
IJS
- 1D
- -0.23%
- 1M
- 3.17%
- YTD
- 17.64%
- 6M
- 15.52%
- 1Y
- 39.39%
- 3Y*
- 15.42%
- 5Y*
- 6.48%
- 10Y*
- 10.51%
YCS
- 1D
- 0.40%
- 1M
- 3.71%
- YTD
- 9.78%
- 6M
- 9.63%
- 1Y
- 31.36%
- 3Y*
- 18.43%
- 5Y*
- 23.50%
- 10Y*
- 13.63%
IJS vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJS iShares S&P SmallCap 600 Value ETF | 17.64% | 6.54% | 7.33% | 14.68% | -11.34% | 30.53% | 2.63% | 24.11% | -12.86% | 11.35% |
YCS ProShares UltraShort Yen | 9.78% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between IJS and YCS is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | 0.17 |
The correlation between IJS and YCS shifts across timeframes, from -0.18 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IJS vs. YCS — Risk / Return Rank
IJS
YCS
IJS vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) 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.
| IJS | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 3.79 | +0.47 |
| Martin ratioReturn relative to average drawdown | 14.04 | 11.86 | +2.18 |
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Drawdowns
IJS vs. YCS - Drawdown Comparison
The maximum IJS drawdown since its inception was -60.11%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IJS and YCS.
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Drawdown Indicators
| IJS | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.11% | -49.56% | -10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -8.30% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -28.65% | -23.05% | -5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -28.65% | -27.32% | -1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -47.68% | -27.32% | -20.36% |
Current DrawdownCurrent decline from peak | -1.42% | 0.00% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -19.88% | +10.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.65% | +0.16% |
Volatility
IJS vs. YCS - Volatility Comparison
iShares S&P SmallCap 600 Value ETF (IJS) has a higher volatility of 4.84% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that IJS'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
| IJS | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 2.22% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 12.19% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 16.96% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.94% | 21.10% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.62% | 18.96% | +4.66% |
IJS vs. YCS - Expense Ratio Comparison
IJS has a 0.25% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
IJS vs. YCS - Dividend Comparison
IJS's dividend yield for the trailing twelve months is around 1.35%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJS iShares S&P SmallCap 600 Value ETF | 1.35% | 1.62% | 1.78% | 1.42% | 1.46% | 1.52% | 1.00% | 1.66% | 1.75% | 1.41% | 1.22% | 1.59% |
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
IJS and YCS have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJS has higher volatility (4.84%) compared to YCS (2.22%). In terms of maximum drawdown, IJS dropped -60.11% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.63% vs 10.51% for IJS. On fees, IJS is cheaper at 0.25% per year. On volatility, YCS has been the lower-risk option at 2.22%. 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 13.63% return vs 10.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IJS is cheaper with a 0.25% expense ratio, compared with 1.00% for YCS.
IJS has the higher dividend yield at 1.35%, compared with 0.00% for YCS.
IJS is categorized as Small Cap Value Equities, while YCS is Leveraged Currency. IJS tracks S&P SmallCap 600 Value Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.25% for IJS and 1.00% for YCS.
IJS currently has the higher Sharpe Ratio (2.16 vs 1.86), 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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