JHMD vs. YCS
JHMD (John Hancock Multifactor Developed International ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - JHMD is a Foreign Large Cap Equities fund tracking the John Hancock Dimensional Developed International Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, JHMD returned 9.45%/yr vs 23.10%/yr for YCS. Their -0.09 correlation means they have often moved in opposite directions in the past. JHMD charges 0.39%/yr vs 1.00%/yr for YCS.
Performance
JHMD vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, JHMD achieves a 13.16% return, which is significantly higher than YCS's 5.42% return.
JHMD
- 1D
- 1.14%
- 1M
- 2.87%
- 6M
- 6.88%
- YTD
- 13.16%
- 1Y
- 25.32%
- 3Y*
- 17.73%
- 5Y*
- 9.45%
- 10Y*
- —
- ALL TIME*
- 9.74%
YCS
- 1D
- 1.26%
- 1M
- -3.97%
- 6M
- 6.17%
- YTD
- 5.42%
- 1Y
- 23.44%
- 3Y*
- 17.45%
- 5Y*
- 23.10%
- 10Y*
- 13.35%
- ALL TIME*
- 6.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.03M | $3.93M | $4.41M | |
| $2.54M | $2.29M | $1.59M |
JHMD vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHMD John Hancock Multifactor Developed International ETF | 13.16% | 33.91% | 1.78% | 19.43% | -13.95% | 11.83% | 7.25% | 19.83% | -14.54% | 25.02% |
YCS ProShares UltraShort Yen | 5.42% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between JHMD and YCS is -0.38, 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. | -0.38 |
Correlation (3Y) Balances recent behavior with more history. | -0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2016 | -0.09 |
Over the past year, the inverse relationship between JHMD and YCS has strengthened: their correlation has moved from -0.09 to -0.38, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
JHMD vs. YCS — Risk / Return Rank
JHMD
YCS
JHMD vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Developed International ETF (JHMD) 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.
| JHMD | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.78 | -0.51 |
| Martin ratioReturn relative to average drawdown | 8.36 | 10.25 | -1.89 |
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Drawdowns
JHMD vs. YCS - Drawdown Comparison
The maximum JHMD drawdown since its inception was -35.67%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for JHMD and YCS.
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Drawdown Indicators
| JHMD | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -49.56% | +13.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -8.48% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -13.38% | -23.05% | +9.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | -27.32% | -2.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.32% | +7.32% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -19.75% | +13.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.29% | +0.74% |
Volatility
JHMD vs. YCS - Volatility Comparison
The current volatility for John Hancock Multifactor Developed International ETF (JHMD) is 4.17%, while ProShares UltraShort Yen (YCS) has a volatility of 5.95%. This indicates that JHMD 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.
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Volatility by Period
| JHMD | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 5.95% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 11.87% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 16.44% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 21.21% | -4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 18.61% | -1.44% |
JHMD vs. YCS - Expense Ratio Comparison
JHMD has a 0.39% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
JHMD vs. YCS - Dividend Comparison
JHMD's dividend yield for the trailing twelve months is around 2.95%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JHMD John Hancock Multifactor Developed International ETF | 2.95% | 3.19% | 3.55% | 3.01% | 2.85% | 3.22% | 1.89% | 3.19% | 2.09% | 2.27% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JHMD and YCS have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (5.95%) compared to JHMD (4.17%). In terms of maximum drawdown, JHMD dropped -35.67% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.10% vs 9.45% for JHMD. On fees, JHMD is cheaper at 0.39% per year. On volatility, JHMD has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YCS has performed better with a 23.10% return vs 9.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHMD is cheaper with a 0.39% expense ratio, compared with 1.00% for YCS.
JHMD has the higher dividend yield at 2.95%, compared with 0.00% for YCS.
JHMD is categorized as Foreign Large Cap Equities, while YCS is Leveraged Currency. JHMD tracks John Hancock Dimensional Developed International Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Manulife and ProShares. Their fees differ too: 0.39% for JHMD and 1.00% for YCS.
JHMD currently has the higher Sharpe Ratio (1.68 vs 1.43), 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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