IVEP vs. YCS

Last updated Jun 23, 2026

IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. At a correlation of -0.25, they often move in opposite directions. IVEP charges 0.75%/yr vs 1.00%/yr for YCS.

Performance

IVEP vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IVEP

• 1D: 1.42%
• 1M: 3.12%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

IVEP vs. YCS - Yearly Performance Comparison

	2026 (YTD)
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	11.64%
YCS ProShares UltraShort Yen	4.02%

Correlation

The correlation between IVEP and YCS is -0.25, 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 (All Time) Calculated using the full available price history since Apr 8, 2026	-0.25

Return for Risk

IVEP vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVEP

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

YCS

YCS Risk / Return Rank: 61
YCS Sharpe Ratio Rank: 57
YCS Sortino Ratio Rank: 49
YCS Omega Ratio Rank: 57
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVEP vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) 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.

	IVEP	YCS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.86	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.79	—
Martin ratio: Return relative to average drawdown	—	11.86	—

Drawdowns

IVEP vs. YCS - Drawdown Comparison

The maximum IVEP drawdown since its inception was -10.90%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IVEP and YCS.

Drawdown Indicators

	IVEP	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-10.90%	-49.56%	+38.66%
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.75%	-19.88%	+17.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.65%	—

Volatility

Volatility by Period

	IVEP	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.05%	16.96%	+11.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.05%	21.10%	+6.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.05%	18.96%	+9.09%

IVEP vs. YCS - Expense Ratio Comparison

IVEP has a 0.75% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

IVEP vs. YCS - Dividend Comparison

Neither IVEP nor YCS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IVEP and YCS in my portfolio?

IVEP and YCS have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVEP or YCS?

On fees, IVEP is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVEP or YCS?

IVEP is cheaper with a 0.75% expense ratio, compared with 1.00% for YCS.

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

IVEP and YCS have nearly identical dividend yields, around 0.00%.

What is the main difference between IVEP and YCS?

IVEP is categorized as Industrials Equities, while YCS is Leveraged Currency. IVEP tracks Solactive Wedbush AI Power & Infrastructure Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Wedbush and ProShares. Their fees differ too: 0.75% for IVEP and 1.00% for YCS.