IWV vs. YCS
IWV (iShares Russell 3000 ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IWV is a Large Cap Blend Equities fund tracking the Russell 3000 Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, IWV returned 15.13%/yr vs 13.63%/yr for YCS. At a 0.20 correlation, their price movements are largely independent. IWV charges 0.20%/yr vs 1.00%/yr for YCS.
Performance
IWV vs. YCS - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with IWV having a 10.01% return and YCS slightly lower at 9.78%. Over the past 10 years, IWV has outperformed YCS with an annualized return of 15.13%, while YCS has yielded a comparatively lower 13.63% annualized return.
IWV
- 1D
- -0.27%
- 1M
- 0.53%
- YTD
- 10.01%
- 6M
- 9.26%
- 1Y
- 26.55%
- 3Y*
- 20.91%
- 5Y*
- 12.24%
- 10Y*
- 15.13%
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%
IWV vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWV iShares Russell 3000 ETF | 10.01% | 16.96% | 23.49% | 25.82% | -19.28% | 25.54% | 20.55% | 30.66% | -5.43% | 20.97% |
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 IWV and YCS is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
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 | 0.20 |
The correlation between IWV and YCS shifts across timeframes, from -0.20 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWV vs. YCS — Risk / Return Rank
IWV
YCS
IWV vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) 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.
| IWV | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.79 | -0.79 |
| Martin ratioReturn relative to average drawdown | 13.42 | 11.86 | +1.56 |
Loading charts...
Drawdowns
IWV vs. YCS - Drawdown Comparison
The maximum IWV drawdown since its inception was -55.61%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IWV and YCS.
Loading charts...
Drawdown Indicators
| IWV | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -49.56% | -6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.30% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -23.05% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -27.32% | +2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | -27.32% | -7.90% |
Current DrawdownCurrent decline from peak | -1.46% | 0.00% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -19.88% | +9.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.65% | -0.67% |
Volatility
IWV vs. YCS - Volatility Comparison
iShares Russell 3000 ETF (IWV) has a higher volatility of 4.65% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that IWV'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.
Loading charts...
Volatility by Period
| IWV | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 2.22% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 12.19% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 16.96% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 21.10% | -3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 18.96% | -0.51% |
IWV vs. YCS - Expense Ratio Comparison
IWV has a 0.20% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
IWV vs. YCS - Dividend Comparison
IWV's dividend yield for the trailing twelve months is around 0.88%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWV iShares Russell 3000 ETF | 0.88% | 0.96% | 1.08% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% |
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
IWV and YCS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWV has higher volatility (4.65%) compared to YCS (2.22%). In terms of maximum drawdown, IWV dropped -55.61% vs YCS's -49.56%.
On 10-year performance, IWV leads with 15.13% vs 13.63% for YCS. On fees, IWV is cheaper at 0.20% 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, IWV has performed better with a 15.13% return vs 13.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWV is cheaper with a 0.20% expense ratio, compared with 1.00% for YCS.
IWV has the higher dividend yield at 0.88%, compared with 0.00% for YCS.
IWV is categorized as Large Cap Blend Equities, while YCS is Leveraged Currency. IWV tracks Russell 3000 Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.20% for IWV and 1.00% for YCS.
IWV currently has the higher Sharpe Ratio (2.11 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.
Find the right allocation for IWV and YCS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer