KGLD vs. YCS

Last updated Aug 6, 2026

KGLD (Kurv Gold Enhanced Income ETF ) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - KGLD is a Derivative Income fund actively managed by Kurv, while YCS is a Leveraged Currency fund tracking the JPY/USD 4:00 p.m. ET Cross Rate. KGLD is actively managed, while YCS is passively managed. Over the past year, KGLD returned 23.87% vs 22.68% for YCS. Their -0.23 correlation means they have often moved in opposite directions in the past. KGLD charges 1.00%/yr vs 0.95%/yr for YCS.

Performance

KGLD vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Gold Enhanced Income ETF (KGLD) 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, KGLD achieves a -2.01% return, which is significantly lower than YCS's 5.40% return.

KGLD

• 1D: 4.43%
• 1M: 2.12%
• 6M: -15.72%
• YTD: -2.01%
• 1Y: 23.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.00%

YCS

• 1D: -0.02%
• 1M: -4.94%
• 6M: 4.42%
• YTD: 5.40%
• 1Y: 22.68%
• 3Y*: 17.44%
• 5Y*: 22.89%
• 10Y*: 13.35%
• ALL TIME*: 6.33%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KGLD Kurv Gold Enhanced Income ETF	$3.34M	$2.48M	$2.70M
YCS ProShares UltraShort Yen	$2.59M	$2.15M	$1.60M

KGLD vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
KGLD Kurv Gold Enhanced Income ETF	-2.01%	29.75%
YCS ProShares UltraShort Yen	5.40%	19.29%

Correlation

The correlation between KGLD and YCS is -0.20, 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.	-0.20
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	-0.23

Return for Risk

KGLD vs. YCS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KGLD

KGLD Risk / Return Rank: 27
KGLD Sharpe Ratio Rank: 30
KGLD Sortino Ratio Rank: 28
KGLD Omega Ratio Rank: 32
KGLD Calmar Ratio Rank: 24
KGLD Martin Ratio Rank: 22

YCS

YCS Risk / Return Rank: 56
YCS Sharpe Ratio Rank: 49
YCS Sortino Ratio Rank: 43
YCS Omega Ratio Rank: 52
YCS Calmar Ratio Rank: 68
YCS Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KGLD vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Gold Enhanced Income ETF (KGLD) 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.

	KGLD	YCS	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.39	-0.57
Sortino ratio: Return per unit of downside risk	1.19	1.80	-0.61
Omega ratio: Gain probability vs. loss probability	1.17	1.27	-0.10
Calmar ratio: Return relative to maximum drawdown	0.85	2.69	-1.84
Martin ratio: Return relative to average drawdown	1.77	9.73	-7.95

KGLD vs. YCS - Sharpe Ratio Comparison

The current KGLD Sharpe Ratio is 0.81, which is lower than the YCS Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of KGLD 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

KGLD vs. YCS - Drawdown Comparison

The maximum KGLD drawdown since its inception was -28.32%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for KGLD and YCS.

Drawdown Indicators

	KGLD	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-28.32%	-49.56%	+21.24%
Max Drawdown (1Y) Largest decline over 1 year	-28.32%	-8.48%	-19.84%
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	-23.31%	-7.34%	-15.97%
Average Drawdown Average peak-to-trough decline	-9.16%	-19.75%	+10.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.48%	2.34%	+11.14%

Volatility

KGLD vs. YCS - Volatility Comparison

Kurv Gold Enhanced Income ETF (KGLD) has a higher volatility of 7.25% compared to ProShares UltraShort Yen (YCS) at 5.95%. This indicates that KGLD'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

	KGLD	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	5.95%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	20.79%	11.87%	+8.92%
Volatility (1Y) Calculated over the trailing 1-year period	29.46%	16.43%	+13.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.55%	21.21%	+7.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.55%	18.61%	+9.94%

KGLD vs. YCS - Expense Ratio Comparison

KGLD has a 1.00% expense ratio, which is higher than YCS's 0.95% expense ratio.

Dividends

KGLD vs. YCS - Dividend Comparison

KGLD's dividend yield for the trailing twelve months is around 16.22%, while YCS has not paid dividends to shareholders.

Position	TTM	2025
KGLD Kurv Gold Enhanced Income ETF	16.22%	4.59%
YCS ProShares UltraShort Yen	0.00%	0.00%

Frequently Asked Questions

Can I hold both KGLD and YCS in my portfolio?

KGLD 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.

Which is riskier, KGLD or YCS?

KGLD has higher volatility (7.25%) compared to YCS (5.95%). In terms of maximum drawdown, KGLD dropped -28.32% vs YCS's -49.56%.

Which ETF is better, KGLD or YCS?

On 1-year performance, KGLD leads with 23.87% vs 22.68% for YCS. On fees, YCS is cheaper at 0.95% per year. On volatility, YCS has been the lower-risk option at 5.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KGLD or YCS?

Over the 1-year period, KGLD has performed better with a 23.87% return vs 22.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KGLD or YCS?

YCS is cheaper with a 0.95% expense ratio, compared with 1.00% for KGLD.

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

KGLD has the higher dividend yield at 16.22%, compared with 0.00% for YCS.

What is the main difference between KGLD and YCS?

KGLD is categorized as Derivative Income, while YCS is Leveraged Currency. They also come from different issuers: Kurv and ProShares. Their fees differ too: 1.00% for KGLD and 0.95% for YCS.

Which has better risk-adjusted returns?

YCS currently has the higher Sharpe Ratio (1.39 vs 0.81), 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.