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JPME vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JPME vs. YCS

Last updated Jun 4, 2026

JPME (JPMorgan Diversified Return US Mid Cap Equity ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - JPME is a Mid Cap Blend Equities fund tracking the JPMorgan Diversified Factor US Mid Cap 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, JPME returned 11.01%/yr vs 12.34%/yr for YCS. At a 0.08 correlation, their price movements are largely independent. JPME charges 0.24%/yr vs 1.00%/yr for YCS.

Performance

JPME vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) 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, JPME achieves a 13.42% return, which is significantly higher than YCS's 7.17% return. Over the past 10 years, JPME has underperformed YCS with an annualized return of 11.01%, while YCS has yielded a comparatively higher 12.34% annualized return.

JPME

1D
0.14%
1M
2.14%
YTD
13.42%
6M
13.47%
1Y
22.44%
3Y*
15.41%
5Y*
8.63%
10Y*
11.01%

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)

JPME vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JPME
JPMorgan Diversified Return US Mid Cap Equity ETF		13.42%8.26%13.55%11.28%-10.12%28.90%8.46%25.87%-8.92%19.09%
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 JPME and YCS is -0.20, 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

-0.20

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

-0.09

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

-0.06

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

0.08

Correlation (All Time)
Calculated using the full available price history since May 19, 2016

0.08

The correlation between JPME and YCS shifts across timeframes, from -0.20 (1 year) to 0.08 (10 years), 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.

JPMorgan Diversified Return US Mid Cap Equity ETF

ProShares UltraShort Yen

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Often compared with YCS:
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Return for Risk

JPME vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JPME
JPME Risk / Return Rank: 5959
Overall Rank
JPME Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
JPME Sortino Ratio Rank: 5757
Sortino Ratio Rank
JPME Omega Ratio Rank: 5252
Omega Ratio Rank
JPME Calmar Ratio Rank: 6767
Calmar Ratio Rank
JPME Martin Ratio Rank: 6767
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.

JPME vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) 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.

JPMEYCSDifference
Sharpe ratioReturn per unit of total volatility
1.87
1.92

-0.04

Sortino ratioReturn per unit of downside risk
2.72
2.44

+0.28

Omega ratioGain probability vs. loss probability

1.32

1.35

-0.03

Calmar ratioReturn relative to maximum drawdown

3.30

3.97

-0.67

Martin ratioReturn relative to average drawdown

12.25

12.40

-0.14

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

JPME vs. YCS - Sharpe Ratio Comparison

The current JPME Sharpe Ratio is 1.87, which is comparable to the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of JPME 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

JPMEYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

1.92

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

1.12

-0.59

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.65

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.33

+0.31

Drawdowns

JPME vs. YCS - Drawdown Comparison

The maximum JPME drawdown since its inception was -41.01%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for JPME and YCS.

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Drawdown Indicators

JPMEYCSDifference

Max Drawdown

Largest peak-to-trough decline

-41.01%

-49.56%

+8.55%

Max Drawdown (1Y)

Largest decline over 1 year

-6.84%

-8.30%

+1.46%

Max Drawdown (3Y)

Largest decline over 3 years

-18.70%

-23.05%

+4.35%

Max Drawdown (5Y)

Largest decline over 5 years

-19.30%

-27.32%

+8.02%

Max Drawdown (10Y)

Largest decline over 10 years

-41.01%

-27.32%

-13.69%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.39%

-19.93%

+15.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.84%

2.66%

-0.82%

Volatility

JPME vs. YCS - Volatility Comparison

JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) has a higher volatility of 3.43% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that JPME'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

JPMEYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

2.75%

+0.68%

Volatility (6M)

Calculated over the trailing 6-month period

8.48%

12.32%

-3.84%

Volatility (1Y)

Calculated over the trailing 1-year period

12.05%

17.27%

-5.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.15%

21.10%

-4.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.70%

19.01%

-1.31%

JPME vs. YCS - Expense Ratio Comparison

JPME has a 0.24% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

JPME vs. YCS - Dividend Comparison

JPME's dividend yield for the trailing twelve months is around 1.82%, while YCS has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
JPME
JPMorgan Diversified Return US Mid Cap Equity ETF		1.82%2.03%1.77%1.84%1.84%1.44%1.51%1.68%1.80%1.17%0.91%
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%

Frequently Asked Questions

JPME and YCS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JPME has higher volatility (3.43%) compared to YCS (2.75%). In terms of maximum drawdown, JPME dropped -41.01% vs YCS's -49.56%.

On 10-year performance, YCS leads with 12.34% vs 11.01% for JPME. On fees, JPME is cheaper at 0.24% 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 11.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JPME is cheaper with a 0.24% expense ratio, compared with 1.00% for YCS.

JPME has the higher dividend yield at 1.82%, compared with 0.00% for YCS.

JPME is categorized as Mid Cap Blend Equities, while YCS is Leveraged Currency. JPME tracks JPMorgan Diversified Factor US Mid Cap Equity Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.24% for JPME and 1.00% for YCS.

YCS currently has the higher Sharpe Ratio (1.92 vs 1.87), 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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