IYF vs. YCS
IYF (iShares U.S. Financials ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - IYF is a Financials Equities fund tracking the Dow Jones U.S. Financials Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, IYF returned 13.86%/yr vs 13.63%/yr for YCS. At a 0.23 correlation, their price movements are largely independent. IYF charges 0.42%/yr vs 1.00%/yr for YCS.
Performance
IYF vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, IYF achieves a 0.50% return, which is significantly lower than YCS's 9.78% return. Both investments have delivered pretty close results over the past 10 years, with IYF having a 13.86% annualized return and YCS not far behind at 13.63%.
IYF
- 1D
- 0.74%
- 1M
- 4.16%
- YTD
- 0.50%
- 6M
- -0.59%
- 1Y
- 12.56%
- 3Y*
- 22.98%
- 5Y*
- 11.62%
- 10Y*
- 13.86%
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%
IYF vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | 0.50% | 18.25% | 31.30% | 15.32% | -11.33% | 31.60% | -1.00% | 31.86% | -9.39% | 19.58% |
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 IYF and YCS is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | 0.23 |
The correlation between IYF and YCS shifts across timeframes, from -0.14 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IYF vs. YCS — Risk / Return Rank
IYF
YCS
IYF vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) 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.
| IYF | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 3.79 | -2.88 |
| Martin ratioReturn relative to average drawdown | 2.45 | 11.86 | -9.41 |
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Drawdowns
IYF vs. YCS - Drawdown Comparison
The maximum IYF drawdown since its inception was -79.09%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for IYF and YCS.
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Drawdown Indicators
| IYF | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.09% | -49.56% | -29.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -8.30% | -5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -23.05% | +6.45% |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | -27.32% | +2.26% |
Max Drawdown (10Y)Largest decline over 10 years | -42.57% | -27.32% | -15.25% |
Current DrawdownCurrent decline from peak | -2.57% | 0.00% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -19.88% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 2.65% | +2.49% |
Volatility
IYF vs. YCS - Volatility Comparison
iShares U.S. Financials ETF (IYF) has a higher volatility of 4.13% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that IYF'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
| IYF | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 2.22% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.19% | 12.19% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 16.96% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 21.10% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 18.96% | +1.95% |
IYF vs. YCS - Expense Ratio Comparison
IYF has a 0.42% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
IYF vs. YCS - Dividend Comparison
IYF's dividend yield for the trailing twelve months is around 1.49%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | 1.49% | 1.32% | 1.29% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% |
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
IYF and YCS have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYF has higher volatility (4.13%) compared to YCS (2.22%). In terms of maximum drawdown, IYF dropped -79.09% vs YCS's -49.56%.
On 10-year performance, IYF leads with 13.86% vs 13.63% for YCS. On fees, IYF is cheaper at 0.42% 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, IYF has performed better with a 13.86% return vs 13.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYF is cheaper with a 0.42% expense ratio, compared with 1.00% for YCS.
IYF has the higher dividend yield at 1.49%, compared with 0.00% for YCS.
IYF is categorized as Financials Equities, while YCS is Leveraged Currency. IYF tracks Dow Jones U.S. Financials Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.42% for IYF and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs 0.87), 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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