LCTU vs. YCS
LCTU (BlackRock U.S. Carbon Transition Readiness ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - LCTU is a ESG fund actively managed by BlackRock, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). LCTU is actively managed, while YCS is passively managed. Over the past 5 years, LCTU returned 11.64%/yr vs 23.52%/yr for YCS. At a correlation of -0.02, they often move in opposite directions. LCTU charges 0.15%/yr vs 1.00%/yr for YCS.
Performance
LCTU vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, LCTU achieves a 6.71% return, which is significantly lower than YCS's 9.63% return.
LCTU
- 1D
- -1.15%
- 1M
- -0.76%
- YTD
- 6.71%
- 6M
- 5.72%
- 1Y
- 22.01%
- 3Y*
- 19.65%
- 5Y*
- 11.64%
- 10Y*
- —
YCS
- 1D
- -0.14%
- 1M
- 3.57%
- YTD
- 9.63%
- 6M
- 10.44%
- 1Y
- 31.27%
- 3Y*
- 18.37%
- 5Y*
- 23.52%
- 10Y*
- 13.62%
LCTU vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LCTU BlackRock U.S. Carbon Transition Readiness ETF | 6.71% | 16.96% | 24.00% | 25.38% | -20.02% | 17.74% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 8.60% |
Correlation
The correlation between LCTU and YCS is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021 | -0.02 |
The correlation between LCTU and YCS shifts across timeframes, from -0.18 (1 year) to -0.02 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LCTU vs. YCS — Risk / Return Rank
LCTU
YCS
LCTU vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Carbon Transition Readiness ETF (LCTU) 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.
| LCTU | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.78 | -1.43 |
| Martin ratioReturn relative to average drawdown | 10.18 | 11.93 | -1.75 |
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Drawdowns
LCTU vs. YCS - Drawdown Comparison
The maximum LCTU drawdown since its inception was -25.93%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for LCTU and YCS.
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Drawdown Indicators
| LCTU | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.93% | -49.56% | +23.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -8.30% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -23.05% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -25.93% | -27.32% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -2.85% | -0.14% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -19.87% | +13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.65% | -0.48% |
Volatility
LCTU vs. YCS - Volatility Comparison
BlackRock U.S. Carbon Transition Readiness ETF (LCTU) has a higher volatility of 4.59% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that LCTU'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
| LCTU | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 2.25% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 12.19% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 16.93% | -4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 21.10% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 18.82% | -1.79% |
LCTU vs. YCS - Expense Ratio Comparison
LCTU has a 0.15% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
LCTU vs. YCS - Dividend Comparison
LCTU's dividend yield for the trailing twelve months is around 0.98%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LCTU BlackRock U.S. Carbon Transition Readiness ETF | 0.98% | 1.02% | 1.27% | 1.46% | 1.63% | 2.20% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LCTU and YCS have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LCTU has higher volatility (4.59%) compared to YCS (2.25%). In terms of maximum drawdown, LCTU dropped -25.93% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs 11.64% for LCTU. On fees, LCTU is cheaper at 0.15% per year. On volatility, YCS has been the lower-risk option at 2.25%. 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 23.52% return vs 11.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LCTU is cheaper with a 0.15% expense ratio, compared with 1.00% for YCS.
LCTU has the higher dividend yield at 0.98%, compared with 0.00% for YCS.
LCTU is categorized as ESG, while YCS is Leveraged Currency. They also come from different issuers: BlackRock and ProShares. Their fees differ too: 0.15% for LCTU and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs 1.73), 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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