JUSA vs. YCS

Last updated Jun 23, 2026

JUSA (JPMorgan U.S. Research Enhanced Large Cap ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - JUSA is a Large Cap Blend Equities fund actively managed by JPMorgan, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). JUSA is actively managed, while YCS is passively managed. Over the past year, JUSA returned 25.55% vs 31.36% for YCS. At a correlation of -0.03, they often move in opposite directions. JUSA charges 0.20%/yr vs 1.00%/yr for YCS.

Performance

JUSA vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUSA achieves a 9.07% return, which is significantly lower than YCS's 9.78% return.

JUSA

• 1D: -0.43%
• 1M: 0.26%
• YTD: 9.07%
• 6M: 8.73%
• 1Y: 25.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JUSA vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	9.07%	22.30%
YCS ProShares UltraShort Yen	9.78%	19.04%

Correlation

The correlation between JUSA and YCS is -0.19, 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	-0.19
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	-0.03

The correlation between JUSA and YCS shifts across timeframes, from -0.19 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JUSA vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JUSA

JUSA Risk / Return Rank: 65
JUSA Sharpe Ratio Rank: 66
JUSA Sortino Ratio Rank: 63
JUSA Omega Ratio Rank: 65
JUSA Calmar Ratio Rank: 60
JUSA Martin Ratio Rank: 71

YCS

YCS Risk / Return Rank: 61
YCS Sharpe Ratio Rank: 57
YCS Sortino Ratio Rank: 49
YCS Omega Ratio Rank: 57
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 67

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.

JUSA vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) 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.

	JUSA	YCS	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.86	+0.22
Sortino ratio: Return per unit of downside risk	2.86	2.37	+0.50
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	2.87	3.79	-0.92
Martin ratio: Return relative to average drawdown	12.84	11.86	+0.98

JUSA vs. YCS - Sharpe Ratio Comparison

The current JUSA Sharpe Ratio is 2.08, which is comparable to the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of JUSA 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.

Drawdowns

JUSA vs. YCS - Drawdown Comparison

The maximum JUSA drawdown since its inception was -14.02%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for JUSA and YCS.

Drawdown Indicators

	JUSA	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-14.02%	-49.56%	+35.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-8.30%	-0.63%
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 Drawdown Current decline from peak	-1.56%	0.00%	-1.56%
Average Drawdown Average peak-to-trough decline	-1.52%	-19.88%	+18.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.65%	-0.66%

Volatility

JUSA vs. YCS - Volatility Comparison

JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) has a higher volatility of 4.48% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that JUSA'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.

Volatility by Period

	JUSA	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	2.22%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	12.19%	-2.50%
Volatility (1Y) Calculated over the trailing 1-year period	12.36%	16.96%	-4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	21.10%	-2.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	18.96%	-0.25%

JUSA vs. YCS - Expense Ratio Comparison

JUSA has a 0.20% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

JUSA vs. YCS - Dividend Comparison

JUSA's dividend yield for the trailing twelve months is around 0.87%, while YCS has not paid dividends to shareholders.

Position	TTM	2025
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	0.87%	0.77%
YCS ProShares UltraShort Yen	0.00%	0.00%

Frequently Asked Questions

Can I hold both JUSA and YCS in my portfolio?

JUSA and YCS have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JUSA or YCS?

JUSA has higher volatility (4.48%) compared to YCS (2.22%). In terms of maximum drawdown, JUSA dropped -14.02% vs YCS's -49.56%.

Which ETF is better, JUSA or YCS?

On 1-year performance, YCS leads with 31.36% vs 25.55% for JUSA. On fees, JUSA is cheaper at 0.20% 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.

Which ETF has performed better, JUSA or YCS?

Over the 1-year period, YCS has performed better with a 31.36% return vs 25.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUSA or YCS?

JUSA is cheaper with a 0.20% expense ratio, compared with 1.00% for YCS.

Which ETF pays a higher dividend yield, JUSA or YCS?

JUSA has the higher dividend yield at 0.87%, compared with 0.00% for YCS.

What is the main difference between JUSA and YCS?

JUSA is categorized as Large Cap Blend Equities, while YCS is Leveraged Currency. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.20% for JUSA and 1.00% for YCS.

Which has better risk-adjusted returns?

JUSA currently has the higher Sharpe Ratio (2.08 vs 1.86), 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.