ISVBF vs. YCS
ISVBF (iShares MSCI China A UCITS ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - ISVBF is a China Equities fund tracking the MSCI China A Inclusion Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, ISVBF returned -6.16%/yr vs 23.52%/yr for YCS. At a correlation of -0.09, they often move in opposite directions. ISVBF charges 0.40%/yr vs 1.00%/yr for YCS.
Performance
ISVBF vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -12.61% return, which is significantly lower than YCS's 9.63% return.
ISVBF
- 1D
- -1.91%
- 1M
- -3.63%
- YTD
- -12.61%
- 6M
- -13.33%
- 1Y
- -0.84%
- 3Y*
- 8.82%
- 5Y*
- -6.16%
- 10Y*
- —
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%
ISVBF vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -12.61% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 9.71% |
Correlation
The correlation between ISVBF and YCS is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | -0.09 |
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Return for Risk
ISVBF vs. YCS — Risk / Return Rank
ISVBF
YCS
ISVBF vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) 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.
| ISVBF | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.34 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 3.78 | -3.82 |
| Martin ratioReturn relative to average drawdown | -0.09 | 11.93 | -12.02 |
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Drawdowns
ISVBF vs. YCS - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for ISVBF and YCS.
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Drawdown Indicators
| ISVBF | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -49.56% | -4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -20.64% | -8.30% | -12.34% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -23.05% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -27.32% | -25.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -29.16% | -0.14% | -29.02% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -19.87% | -12.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 2.65% | +6.52% |
Volatility
ISVBF vs. YCS - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 8.35% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that ISVBF'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
| ISVBF | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.35% | 2.25% | +6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 27.04% | 12.19% | +14.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.91% | 16.93% | +13.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.31% | 21.10% | +9.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.15% | 18.82% | +11.33% |
ISVBF vs. YCS - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
ISVBF vs. YCS - Dividend Comparison
Neither ISVBF nor YCS has paid dividends to shareholders.
Frequently Asked Questions
ISVBF and YCS have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (8.35%) compared to YCS (2.25%). In terms of maximum drawdown, ISVBF dropped -53.78% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs -6.16% for ISVBF. On fees, ISVBF is cheaper at 0.40% 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 5-year period, YCS has performed better with a 23.52% return vs -6.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 1.00% for YCS.
ISVBF and YCS have nearly identical dividend yields, around 0.00%.
ISVBF is categorized as China Equities, while YCS is Leveraged Currency. ISVBF tracks MSCI China A Inclusion Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.40% for ISVBF and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -0.03), 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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