NANR vs. YCS
NANR (SPDR S&P North American Natural Resources ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - NANR is a Commodity Producers Equities fund tracking the S&P BMI North American Natural Resources Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, NANR returned 12.52%/yr vs 12.34%/yr for YCS. At a correlation of -0.02, they often move in opposite directions. NANR charges 0.35%/yr vs 1.00%/yr for YCS.
Performance
NANR vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NANR achieves a 24.07% return, which is significantly higher than YCS's 7.17% return. Both investments have delivered pretty close results over the past 10 years, with NANR having a 12.52% annualized return and YCS not far behind at 12.34%.
NANR
- 1D
- -0.54%
- 1M
- 2.37%
- YTD
- 24.07%
- 6M
- 26.38%
- 1Y
- 53.70%
- 3Y*
- 20.80%
- 5Y*
- 16.21%
- 10Y*
- 12.52%
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%
NANR vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NANR SPDR S&P North American Natural Resources ETF | 24.07% | 35.35% | 2.31% | -3.23% | 26.49% | 36.43% | 1.03% | 18.99% | -16.77% | 8.03% |
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 NANR and YCS is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2015 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NANR vs. YCS — Risk / Return Rank
NANR
YCS
NANR vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P North American Natural Resources ETF (NANR) 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.
| NANR | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.35 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.04 | 3.97 | +2.07 |
| Martin ratioReturn relative to average drawdown | 21.31 | 12.40 | +8.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NANR | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.98 | 1.92 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 1.12 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.65 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.33 | +0.30 |
Drawdowns
NANR vs. YCS - Drawdown Comparison
The maximum NANR drawdown since its inception was -49.15%, roughly equal to the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for NANR and YCS.
Loading charts...
Drawdown Indicators
| NANR | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.15% | -49.56% | +0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -8.30% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | -23.05% | +4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -27.32% | +0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -49.15% | -27.32% | -21.83% |
Current DrawdownCurrent decline from peak | -2.35% | 0.00% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -19.93% | +11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.66% | -0.13% |
Volatility
NANR vs. YCS - Volatility Comparison
SPDR S&P North American Natural Resources ETF (NANR) has a higher volatility of 4.92% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that NANR'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.
Loading charts...
Volatility by Period
| NANR | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 2.75% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.38% | 12.32% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 17.27% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.89% | 21.10% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 19.01% | +4.53% |
NANR vs. YCS - Expense Ratio Comparison
NANR has a 0.35% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
NANR vs. YCS - Dividend Comparison
NANR's dividend yield for the trailing twelve months is around 1.69%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NANR SPDR S&P North American Natural Resources ETF | 1.69% | 1.77% | 2.20% | 2.78% | 2.70% | 2.61% | 2.73% | 2.02% | 1.95% | 1.83% | 5.01% | 0.01% |
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% | 0.00% |
Frequently Asked Questions
NANR and YCS have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NANR has higher volatility (4.92%) compared to YCS (2.75%). In terms of maximum drawdown, NANR dropped -49.15% vs YCS's -49.56%.
On 10-year performance, NANR leads with 12.52% vs 12.34% for YCS. On fees, NANR is cheaper at 0.35% 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, NANR has performed better with a 12.52% return vs 12.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NANR is cheaper with a 0.35% expense ratio, compared with 1.00% for YCS.
NANR has the higher dividend yield at 1.69%, compared with 0.00% for YCS.
NANR is categorized as Commodity Producers Equities, while YCS is Leveraged Currency. NANR tracks S&P BMI North American Natural Resources Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: State Street and ProShares. Their fees differ too: 0.35% for NANR and 1.00% for YCS.
NANR currently has the higher Sharpe Ratio (2.98 vs 1.92), 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.
Find the right allocation for NANR and YCS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer