ITDD vs. YCS

Last updated Aug 6, 2026

ITDD (Ishares Lifepath Target Date 2040 ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - ITDD is a Target Retirement Date fund actively managed by iShares, while YCS is a Leveraged Currency fund tracking the JPY/USD 4:00 p.m. ET Cross Rate. ITDD is actively managed, while YCS is passively managed. Over the past year, ITDD returned 19.43% vs 22.68% for YCS. Their -0.21 correlation means they have often moved in opposite directions in the past. ITDD charges 0.11%/yr vs 0.95%/yr for YCS.

Performance

ITDD vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lifepath Target Date 2040 ETF (ITDD) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITDD achieves a 11.08% return, which is significantly higher than YCS's 5.40% return.

ITDD

• 1D: -0.09%
• 1M: 1.01%
• 6M: 8.43%
• YTD: 11.08%
• 1Y: 19.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.09%

YCS

• 1D: -0.02%
• 1M: -4.94%
• 6M: 4.42%
• YTD: 5.40%
• 1Y: 22.68%
• 3Y*: 17.44%
• 5Y*: 22.89%
• 10Y*: 13.35%
• ALL TIME*: 6.33%

*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)
ITDD Ishares Lifepath Target Date 2040 ETF	$733.64K	$567.99K	$679.84K
YCS ProShares UltraShort Yen	$2.59M	$2.15M	$1.60M

ITDD vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ITDD Ishares Lifepath Target Date 2040 ETF	11.08%	17.66%	13.08%	12.87%
YCS ProShares UltraShort Yen	5.40%	9.04%	35.41%	-9.38%

Correlation

The correlation between ITDD and YCS is -0.29, 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.	-0.29
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	-0.21

Return for Risk

ITDD vs. YCS — Risk / Return Rank

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

ITDD

ITDD Risk / Return Rank: 70
ITDD Sharpe Ratio Rank: 71
ITDD Sortino Ratio Rank: 70
ITDD Omega Ratio Rank: 70
ITDD Calmar Ratio Rank: 64
ITDD Martin Ratio Rank: 76

YCS

YCS Risk / Return Rank: 56
YCS Sharpe Ratio Rank: 49
YCS Sortino Ratio Rank: 43
YCS Omega Ratio Rank: 52
YCS Calmar Ratio Rank: 68
YCS Martin Ratio Rank: 70

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.

ITDD vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) 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.

	ITDD	YCS	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.39	+0.45
Sortino ratio: Return per unit of downside risk	2.59	1.80	+0.79
Omega ratio: Gain probability vs. loss probability	1.33	1.27	+0.06
Calmar ratio: Return relative to maximum drawdown	2.58	2.69	-0.11
Martin ratio: Return relative to average drawdown	10.86	9.73	+1.13

ITDD vs. YCS - Sharpe Ratio Comparison

The current ITDD Sharpe Ratio is 1.84, which is higher than the YCS Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of ITDD 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.

Drawdowns

ITDD vs. YCS - Drawdown Comparison

The maximum ITDD drawdown since its inception was -12.46%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for ITDD and YCS.

Drawdown Indicators

	ITDD	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-49.56%	+37.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-8.48%	+0.92%
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	-0.09%	-7.34%	+7.25%
Average Drawdown Average peak-to-trough decline	-1.24%	-19.75%	+18.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	2.34%	-0.55%

Volatility

ITDD vs. YCS - Volatility Comparison

The current volatility for Ishares Lifepath Target Date 2040 ETF (ITDD) is 3.26%, while ProShares UltraShort Yen (YCS) has a volatility of 5.95%. This indicates that ITDD experiences smaller price fluctuations and is considered to be less risky than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITDD	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	5.95%	-2.69%
Volatility (6M) Calculated over the trailing 6-month period	9.01%	11.87%	-2.86%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	16.43%	-5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.50%	21.21%	-9.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.50%	18.61%	-7.11%

ITDD vs. YCS - Expense Ratio Comparison

ITDD has a 0.11% expense ratio, which is lower than YCS's 0.95% expense ratio.

Dividends

ITDD vs. YCS - Dividend Comparison

ITDD's dividend yield for the trailing twelve months is around 1.64%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ITDD Ishares Lifepath Target Date 2040 ETF	1.64%	1.82%	1.56%	0.89%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ITDD and YCS in my portfolio?

ITDD and YCS have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITDD or YCS?

YCS has higher volatility (5.95%) compared to ITDD (3.26%). In terms of maximum drawdown, ITDD dropped -12.46% vs YCS's -49.56%.

Which ETF is better, ITDD or YCS?

On 1-year performance, YCS leads with 22.68% vs 19.43% for ITDD. On fees, ITDD is cheaper at 0.11% per year. On volatility, ITDD has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITDD or YCS?

Over the 1-year period, YCS has performed better with a 22.68% return vs 19.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITDD or YCS?

ITDD is cheaper with a 0.11% expense ratio, compared with 0.95% for YCS.

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

ITDD has the higher dividend yield at 1.64%, compared with 0.00% for YCS.

What is the main difference between ITDD and YCS?

ITDD is categorized as Target Retirement Date, while YCS is Leveraged Currency. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.11% for ITDD and 0.95% for YCS.

Which has better risk-adjusted returns?

ITDD currently has the higher Sharpe Ratio (1.84 vs 1.39), 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.