IRET vs. YCS

Last updated Aug 2, 2026

IRET (iREIT MarketVector Quality REIT Index ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IRET is a Quality Factor fund tracking the iREIT MarketVector Quality REIT Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Their -0.20 correlation means they have often moved in opposite directions in the past. IRET charges 0.60%/yr vs 1.00%/yr for YCS.

Performance

IRET vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iREIT MarketVector Quality REIT Index ETF (IRET) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IRET

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

YCS

• 1D: -0.84%
• 1M: -2.27%
• 6M: 9.33%
• YTD: 7.29%
• 1Y: 25.05%
• 3Y*: 17.34%
• 5Y*: 23.55%
• 10Y*: 13.76%
• ALL TIME*: 6.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
YCS ProShares UltraShort Yen	$1.53M	$2.43M	$1.42M

IRET vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IRET iREIT MarketVector Quality REIT Index ETF	14.33%	-0.94%	2.95%
YCS ProShares UltraShort Yen	7.29%	9.04%	17.28%

Correlation

The correlation between IRET and YCS is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.24
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024	-0.20

Return for Risk

IRET vs. YCS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IRET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

YCS

YCS Risk / Return Rank: 56
YCS Sharpe Ratio Rank: 47
YCS Sortino Ratio Rank: 41
YCS Omega Ratio Rank: 52
YCS Calmar Ratio Rank: 68
YCS Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IRET vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iREIT MarketVector Quality REIT Index ETF (IRET) 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.

	IRET	YCS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.16	—
Sortino ratio: Return per unit of downside risk	—	1.52	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.35	—
Martin ratio: Return relative to average drawdown	—	8.93	—

Drawdowns

Drawdown Indicators

	IRET	YCS	Difference
Max Drawdown Largest peak-to-trough decline	—	-49.56%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.30%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.32%	—
Current Drawdown Current decline from peak	—	-5.68%	—
Average Drawdown Average peak-to-trough decline	—	-19.75%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.64%	—

Volatility

Volatility by Period

	IRET	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.85%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	21.16%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.61%	—

IRET vs. YCS - Expense Ratio Comparison

IRET has a 0.60% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

IRET vs. YCS - Dividend Comparison

IRET's dividend yield for the trailing twelve months is around 3.41%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024
IRET iREIT MarketVector Quality REIT Index ETF	3.41%	5.14%	3.52%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IRET and YCS in my portfolio?

IRET and YCS have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IRET or YCS?

On fees, IRET is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IRET or YCS?

IRET is cheaper with a 0.60% expense ratio, compared with 1.00% for YCS.

Which ETF pays a higher dividend yield, IRET or YCS?

IRET has the higher dividend yield at 3.41%, compared with 0.00% for YCS.

What is the main difference between IRET and YCS?

IRET is categorized as Quality Factor, while YCS is Leveraged Currency. IRET tracks iREIT MarketVector Quality REIT Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Tidal and ProShares. Their fees differ too: 0.60% for IRET and 1.00% for YCS.