JMSI vs. YCS
JMSI (J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - JMSI is a Municipal Bonds fund actively managed by JPMorgan, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). JMSI is actively managed, while YCS is passively managed. Over the past year, JMSI returned 6.08% vs 32.82% for YCS. At a correlation of -0.32, they often move in opposite directions. JMSI charges 0.18%/yr vs 1.00%/yr for YCS.
Performance
JMSI vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, JMSI achieves a 1.06% return, which is significantly lower than YCS's 7.17% return.
JMSI
- 1D
- -0.13%
- 1M
- 0.57%
- YTD
- 1.06%
- 6M
- 1.41%
- 1Y
- 6.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
JMSI vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund | 1.06% | 4.40% | 2.77% | 2.70% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 9.38% |
Correlation
The correlation between JMSI and YCS is -0.35, 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 | -0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2023 | -0.32 |
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Return for Risk
JMSI vs. YCS — Risk / Return Rank
JMSI
YCS
JMSI vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) 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.
| JMSI | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.35 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 3.97 | -1.92 |
| Martin ratioReturn relative to average drawdown | 7.06 | 12.40 | -5.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JMSI | YCS | Difference | |
|---|---|---|---|
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 | — | 1.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.33 | +0.70 |
Drawdowns
JMSI vs. YCS - Drawdown Comparison
The maximum JMSI drawdown since its inception was -4.57%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for JMSI and YCS.
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Drawdown Indicators
| JMSI | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.57% | -49.56% | +44.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -8.30% | +5.32% |
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 DrawdownCurrent decline from peak | -0.87% | 0.00% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -19.93% | +19.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.66% | -1.80% |
Volatility
JMSI vs. YCS - Volatility Comparison
The current volatility for J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) is 0.96%, while ProShares UltraShort Yen (YCS) has a volatility of 2.75%. This indicates that JMSI 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
| JMSI | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 2.75% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 12.32% | -10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 17.27% | -14.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.73% | 21.10% | -17.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.73% | 19.01% | -15.28% |
JMSI vs. YCS - Expense Ratio Comparison
JMSI has a 0.18% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
JMSI vs. YCS - Dividend Comparison
JMSI's dividend yield for the trailing twelve months is around 3.65%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund | 3.65% | 3.65% | 3.66% | 1.79% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMSI and YCS have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (2.75%) compared to JMSI (0.96%). In terms of maximum drawdown, JMSI dropped -4.57% vs YCS's -49.56%.
On 1-year performance, YCS leads with 32.82% vs 6.08% for JMSI. On fees, JMSI is cheaper at 0.18% per year. On volatility, JMSI has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YCS has performed better with a 32.82% return vs 6.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JMSI is cheaper with a 0.18% expense ratio, compared with 1.00% for YCS.
JMSI has the higher dividend yield at 3.65%, compared with 0.00% for YCS.
JMSI is categorized as Municipal Bonds, while YCS is Leveraged Currency. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.18% for JMSI and 1.00% for YCS.
JMSI 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.
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