KJUL vs. YCS
KJUL (Innovator Russell 2000 Power Buffer ETF - July) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - KJUL is a Defined Outcome fund tracking the iShares Russell 2000 ETF, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, KJUL returned 4.98%/yr vs 23.50%/yr for YCS. At a correlation of -0.04, they often move in opposite directions. KJUL charges 0.79%/yr vs 1.00%/yr for YCS.
Performance
KJUL vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, KJUL achieves a 6.91% return, which is significantly lower than YCS's 9.78% return.
KJUL
- 1D
- 0.10%
- 1M
- 0.77%
- YTD
- 6.91%
- 6M
- 6.11%
- 1Y
- 19.35%
- 3Y*
- 11.11%
- 5Y*
- 4.98%
- 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%
KJUL vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KJUL Innovator Russell 2000 Power Buffer ETF - July | 6.91% | 7.70% | 8.69% | 11.78% | -8.44% | 2.51% | 10.84% |
YCS ProShares UltraShort Yen | 9.78% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -9.07% |
Correlation
The correlation between KJUL and YCS is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | -0.04 |
The correlation between KJUL and YCS shifts across timeframes, from -0.22 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KJUL vs. YCS — Risk / Return Rank
KJUL
YCS
KJUL vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Russell 2000 Power Buffer ETF - July (KJUL) 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.
| KJUL | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.35 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.67 | 3.79 | +1.88 |
| Martin ratioReturn relative to average drawdown | 22.03 | 11.86 | +10.17 |
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Drawdowns
KJUL vs. YCS - Drawdown Comparison
The maximum KJUL drawdown since its inception was -16.69%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for KJUL and YCS.
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Drawdown Indicators
| KJUL | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -49.56% | +32.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -8.30% | +4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -23.05% | +8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -27.32% | +10.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -19.88% | +15.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.65% | -1.77% |
Volatility
KJUL vs. YCS - Volatility Comparison
The current volatility for Innovator Russell 2000 Power Buffer ETF - July (KJUL) is 0.41%, while ProShares UltraShort Yen (YCS) has a volatility of 2.22%. This indicates that KJUL 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
| KJUL | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 2.22% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.62% | 12.19% | -7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.76% | 16.96% | -9.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 21.10% | -8.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.63% | 18.96% | -7.33% |
KJUL vs. YCS - Expense Ratio Comparison
KJUL has a 0.79% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
KJUL vs. YCS - Dividend Comparison
Neither KJUL nor YCS has paid dividends to shareholders.
Frequently Asked Questions
KJUL and YCS have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (2.22%) compared to KJUL (0.41%). In terms of maximum drawdown, KJUL dropped -16.69% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.50% vs 4.98% for KJUL. On fees, KJUL is cheaper at 0.79% per year. On volatility, KJUL has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YCS has performed better with a 23.50% return vs 4.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KJUL is cheaper with a 0.79% expense ratio, compared with 1.00% for YCS.
KJUL and YCS have nearly identical dividend yields, around 0.00%.
KJUL is categorized as Defined Outcome, while YCS is Leveraged Currency. KJUL tracks iShares Russell 2000 ETF, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for KJUL and 1.00% for YCS.
KJUL currently has the higher Sharpe Ratio (2.51 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.
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