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IXUS vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXUS vs. YCS

Last updated Jun 4, 2026

IXUS (iShares Core MSCI Total International Stock ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IXUS is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA IMI Index (Net), while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, IXUS returned 9.78%/yr vs 12.34%/yr for YCS. At a 0.03 correlation, their price movements are largely independent. IXUS charges 0.07%/yr vs 1.00%/yr for YCS.

Performance

IXUS vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI Total International Stock ETF (IXUS) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IXUS achieves a 14.51% return, which is significantly higher than YCS's 7.17% return. Over the past 10 years, IXUS has underperformed YCS with an annualized return of 9.78%, while YCS has yielded a comparatively higher 12.34% annualized return.

IXUS

1D
-1.01%
1M
4.91%
YTD
14.51%
6M
17.16%
1Y
32.15%
3Y*
19.44%
5Y*
8.38%
10Y*
9.78%

YCS

1D
0.17%
1M
4.42%
YTD
7.17%
6M
10.05%
1Y
32.82%
3Y*
19.84%
5Y*
23.54%
10Y*
12.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXUS vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXUS
iShares Core MSCI Total International Stock ETF		14.51%32.40%5.19%15.83%-16.47%8.86%10.80%21.71%-14.41%28.12%
YCS
ProShares UltraShort Yen		7.17%9.04%35.41%28.70%29.09%22.38%-11.18%3.37%-1.49%-6.57%

Correlation

The correlation between IXUS and YCS is -0.42, 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

-0.42

Correlation (3Y)
Calculated over the trailing 3-year period

-0.28

Correlation (5Y)
Calculated over the trailing 5-year period

-0.22

Correlation (10Y)
Calculated over the trailing 10-year period

-0.07

Correlation (All Time)
Calculated using the full available price history since Oct 25, 2012

0.03

The correlation between IXUS and YCS shifts across timeframes, from -0.42 (1 year) to 0.03 (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.

iShares Core MSCI Total International Stock ETF

ProShares UltraShort Yen

Often compared with IXUS:
IXUS vs. VXUSIXUS vs. ITOTIXUS vs. VEAIXUS vs. SCHFIXUS vs. ACWXIXUS vs. IEFAIXUS vs. IEMG
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

IXUS vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXUS
IXUS Risk / Return Rank: 6060
Overall Rank
IXUS Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
IXUS Sortino Ratio Rank: 6060
Sortino Ratio Rank
IXUS Omega Ratio Rank: 6262
Omega Ratio Rank
IXUS Calmar Ratio Rank: 5656
Calmar Ratio Rank
IXUS Martin Ratio Rank: 6161
Martin Ratio Rank
YCS
YCS Risk / Return Rank: 6161
Overall Rank
YCS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 4949
Sortino Ratio Rank
YCS Omega Ratio Rank: 5656
Omega Ratio Rank
YCS Calmar Ratio Rank: 7878
Calmar Ratio Rank
YCS Martin Ratio Rank: 6767
Martin Ratio Rank
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.

IXUS vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Total International Stock ETF (IXUS) 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.

IXUSYCSDifference
Sharpe ratioReturn per unit of total volatility
2.10
1.92

+0.18

Sortino ratioReturn per unit of downside risk
2.89
2.44

+0.45

Omega ratioGain probability vs. loss probability

1.39

1.35

+0.04

Calmar ratioReturn relative to maximum drawdown

2.84

3.97

-1.13

Martin ratioReturn relative to average drawdown

11.13

12.40

-1.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IXUS vs. YCS - Sharpe Ratio Comparison

The current IXUS Sharpe Ratio is 2.10, which is comparable to the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of IXUS 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.

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Sharpe Ratios by Period

IXUSYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.10

1.92

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

1.12

-0.60

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.65

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.33

+0.16

Drawdowns

IXUS vs. YCS - Drawdown Comparison

The maximum IXUS drawdown since its inception was -36.22%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IXUS and YCS.

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Drawdown Indicators

IXUSYCSDifference

Max Drawdown

Largest peak-to-trough decline

-36.22%

-49.56%

+13.34%

Max Drawdown (1Y)

Largest decline over 1 year

-11.36%

-8.30%

-3.06%

Max Drawdown (3Y)

Largest decline over 3 years

-13.75%

-23.05%

+9.30%

Max Drawdown (5Y)

Largest decline over 5 years

-30.04%

-27.32%

-2.72%

Max Drawdown (10Y)

Largest decline over 10 years

-36.22%

-27.32%

-8.90%

Current Drawdown

Current decline from peak

-1.01%

0.00%

-1.01%

Average Drawdown

Average peak-to-trough decline

-7.50%

-19.93%

+12.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

2.66%

+0.24%

Volatility

IXUS vs. YCS - Volatility Comparison

iShares Core MSCI Total International Stock ETF (IXUS) has a higher volatility of 5.64% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that IXUS'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

IXUSYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.64%

2.75%

+2.89%

Volatility (6M)

Calculated over the trailing 6-month period

13.16%

12.32%

+0.84%

Volatility (1Y)

Calculated over the trailing 1-year period

15.37%

17.27%

-1.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.21%

21.10%

-4.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.07%

19.01%

-1.94%

IXUS vs. YCS - Expense Ratio Comparison

IXUS has a 0.07% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

IXUS vs. YCS - Dividend Comparison

IXUS's dividend yield for the trailing twelve months is around 2.83%, while YCS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IXUS
iShares Core MSCI Total International Stock ETF		2.83%3.24%3.33%3.13%2.48%3.12%1.85%3.09%3.00%2.41%2.58%2.81%
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

IXUS and YCS have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXUS has higher volatility (5.64%) compared to YCS (2.75%). In terms of maximum drawdown, IXUS dropped -36.22% vs YCS's -49.56%.

On 10-year performance, YCS leads with 12.34% vs 9.78% for IXUS. On fees, IXUS is cheaper at 0.07% per year. On volatility, YCS has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, YCS has performed better with a 12.34% return vs 9.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IXUS is cheaper with a 0.07% expense ratio, compared with 1.00% for YCS.

IXUS has the higher dividend yield at 2.83%, compared with 0.00% for YCS.

IXUS is categorized as Foreign Large Cap Equities, while YCS is Leveraged Currency. IXUS tracks MSCI ACWI ex USA IMI Index (Net), while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.07% for IXUS and 1.00% for YCS.

IXUS currently has the higher Sharpe Ratio (2.10 vs 1.92), 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.

Portfolio Optimizer

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