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JPIN vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JPIN vs. YCS

Last updated Jun 5, 2026

JPIN (J.P. Morgan Diversified Return International Equity ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - JPIN is a Foreign Large Cap Equities fund tracking the JPMorgan Diversified Factor International Equity Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, JPIN returned 7.68%/yr vs 12.16%/yr for YCS. At a correlation of -0.07, they often move in opposite directions. JPIN charges 0.37%/yr vs 1.00%/yr for YCS.

Performance

JPIN vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J.P. Morgan Diversified Return International Equity ETF (JPIN) 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, JPIN achieves a 9.57% return, which is significantly higher than YCS's 7.17% return. Over the past 10 years, JPIN has underperformed YCS with an annualized return of 7.68%, while YCS has yielded a comparatively higher 12.16% annualized return.

JPIN

1D
0.12%
1M
0.92%
YTD
9.57%
6M
11.38%
1Y
23.16%
3Y*
18.06%
5Y*
7.91%
10Y*
7.68%

YCS

1D
0.00%
1M
3.39%
YTD
7.17%
6M
10.02%
1Y
34.99%
3Y*
20.03%
5Y*
23.54%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JPIN vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JPIN
J.P. Morgan Diversified Return International Equity ETF		9.57%33.27%2.66%17.45%-14.14%6.79%4.85%16.07%-13.12%25.32%
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 JPIN and YCS is -0.49, 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

-0.49

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

-0.37

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

-0.31

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

-0.13

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2014

-0.07

Over the past year, the inverse relationship between JPIN and YCS has strengthened: their correlation has moved from -0.07 to -0.49, meaning they now move in opposite directions more often than their long-term average.

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J.P. Morgan Diversified Return International Equity ETF

ProShares UltraShort Yen

Often compared with JPIN:
JPIN vs. IQDFJPIN vs. SCHDJPIN vs. VYMJPIN vs. WDIVJPIN vs. DIVOJPIN vs. VTIPJPIN vs. HYG
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

JPIN vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JPIN
JPIN Risk / Return Rank: 4949
Overall Rank
JPIN Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
JPIN Sortino Ratio Rank: 5050
Sortino Ratio Rank
JPIN Omega Ratio Rank: 5050
Omega Ratio Rank
JPIN Calmar Ratio Rank: 4646
Calmar Ratio Rank
JPIN Martin Ratio Rank: 4848
Martin Ratio Rank
YCS
YCS Risk / Return Rank: 6767
Overall Rank
YCS Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 5555
Sortino Ratio Rank
YCS Omega Ratio Rank: 6363
Omega Ratio Rank
YCS Calmar Ratio Rank: 8282
Calmar Ratio Rank
YCS Martin Ratio Rank: 7272
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.

JPIN vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Diversified Return International Equity ETF (JPIN) 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.

JPINYCSDifference
Sharpe ratioReturn per unit of total volatility
1.71
2.06

-0.35

Sortino ratioReturn per unit of downside risk
2.40
2.60

-0.19

Omega ratioGain probability vs. loss probability

1.31

1.38

-0.07

Calmar ratioReturn relative to maximum drawdown

2.23

4.23

-2.00

Martin ratioReturn relative to average drawdown

7.88

13.22

-5.34

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

JPIN vs. YCS - Sharpe Ratio Comparison

The current JPIN Sharpe Ratio is 1.71, which is comparable to the YCS Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of JPIN 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

JPINYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.71

2.06

-0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

1.12

-0.57

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.64

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.33

+0.11

Drawdowns

JPIN vs. YCS - Drawdown Comparison

The maximum JPIN drawdown since its inception was -36.69%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for JPIN and YCS.

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Drawdown Indicators

JPINYCSDifference

Max Drawdown

Largest peak-to-trough decline

-36.69%

-49.56%

+12.87%

Max Drawdown (1Y)

Largest decline over 1 year

-10.41%

-8.30%

-2.11%

Max Drawdown (3Y)

Largest decline over 3 years

-12.32%

-23.05%

+10.73%

Max Drawdown (5Y)

Largest decline over 5 years

-29.61%

-27.32%

-2.29%

Max Drawdown (10Y)

Largest decline over 10 years

-36.69%

-27.32%

-9.37%

Current Drawdown

Current decline from peak

-3.00%

0.00%

-3.00%

Average Drawdown

Average peak-to-trough decline

-7.02%

-19.93%

+12.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

2.65%

+0.30%

Volatility

JPIN vs. YCS - Volatility Comparison

J.P. Morgan Diversified Return International Equity ETF (JPIN) has a higher volatility of 4.37% compared to ProShares UltraShort Yen (YCS) at 2.62%. This indicates that JPIN'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

JPINYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.37%

2.62%

+1.75%

Volatility (6M)

Calculated over the trailing 6-month period

11.36%

12.31%

-0.95%

Volatility (1Y)

Calculated over the trailing 1-year period

13.60%

17.18%

-3.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

21.09%

-6.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.01%

19.01%

-3.00%

JPIN vs. YCS - Expense Ratio Comparison

JPIN has a 0.37% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

JPIN vs. YCS - Dividend Comparison

JPIN's dividend yield for the trailing twelve months is around 4.11%, while YCS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
JPIN
J.P. Morgan Diversified Return International Equity ETF		4.11%4.50%4.20%6.22%3.06%5.03%2.45%3.30%2.72%2.12%1.67%2.18%
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

JPIN and YCS have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JPIN has higher volatility (4.37%) compared to YCS (2.62%). In terms of maximum drawdown, JPIN dropped -36.69% vs YCS's -49.56%.

On 10-year performance, YCS leads with 12.16% vs 7.68% for JPIN. On fees, JPIN is cheaper at 0.37% per year. On volatility, YCS has been the lower-risk option at 2.62%. 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 12.16% return vs 7.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JPIN is cheaper with a 0.37% expense ratio, compared with 1.00% for YCS.

JPIN has the higher dividend yield at 4.11%, compared with 0.00% for YCS.

JPIN is categorized as Foreign Large Cap Equities, while YCS is Leveraged Currency. JPIN tracks JPMorgan Diversified Factor International Equity Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.37% for JPIN and 1.00% for YCS.

YCS currently has the higher Sharpe Ratio (2.06 vs 1.71), 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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