OMAH vs. YCS

Last updated Jun 23, 2026

OMAH (VistaShares Target 15™ Berkshire Select Income ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - OMAH is a Derivative Income fund actively managed by VistaShares, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). OMAH is actively managed, while YCS is passively managed. Over the past year, OMAH returned 11.86% vs 31.36% for YCS. At a 0.05 correlation, their price movements are largely independent. OMAH charges 0.95%/yr vs 1.00%/yr for YCS.

Performance

OMAH vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15™ Berkshire Select Income ETF (OMAH) 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, OMAH achieves a 5.02% return, which is significantly lower than YCS's 9.78% return.

OMAH

• 1D: -0.54%
• 1M: -2.23%
• YTD: 5.02%
• 6M: 4.89%
• 1Y: 11.86%
• 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)

OMAH vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	5.02%	6.55%
YCS ProShares UltraShort Yen	9.78%	16.98%

Correlation

The correlation between OMAH and YCS is -0.13, 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	-0.13
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025	0.05

The correlation between OMAH and YCS shifts across timeframes, from -0.13 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OMAH vs. YCS — Risk / Return Rank

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

OMAH

OMAH Risk / Return Rank: 52
OMAH Sharpe Ratio Rank: 43
OMAH Sortino Ratio Rank: 42
OMAH Omega Ratio Rank: 40
OMAH Calmar Ratio Rank: 79
OMAH Martin Ratio Rank: 56

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.

OMAH vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) 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.

	OMAH	YCS	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.86	-0.38
Sortino ratio: Return per unit of downside risk	2.08	2.37	-0.29
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	3.97	3.79	+0.17
Martin ratio: Return relative to average drawdown	9.48	11.86	-2.37

OMAH vs. YCS - Sharpe Ratio Comparison

The current OMAH Sharpe Ratio is 1.48, which is comparable to the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of OMAH 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

OMAH vs. YCS - Drawdown Comparison

The maximum OMAH drawdown since its inception was -11.83%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for OMAH and YCS.

Drawdown Indicators

	OMAH	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-11.83%	-49.56%	+37.73%
Max Drawdown (1Y) Largest decline over 1 year	-3.00%	-8.30%	+5.30%
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	-2.23%	0.00%	-2.23%
Average Drawdown Average peak-to-trough decline	-1.27%	-19.88%	+18.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	2.65%	-1.40%

Volatility

OMAH vs. YCS - Volatility Comparison

VistaShares Target 15™ Berkshire Select Income ETF (OMAH) and ProShares UltraShort Yen (YCS) have volatilities of 2.23% and 2.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OMAH	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	2.22%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	5.58%	12.19%	-6.61%
Volatility (1Y) Calculated over the trailing 1-year period	8.06%	16.96%	-8.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	21.10%	-8.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	18.96%	-5.91%

OMAH vs. YCS - Expense Ratio Comparison

OMAH has a 0.95% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

OMAH vs. YCS - Dividend Comparison

OMAH's dividend yield for the trailing twelve months is around 15.38%, while YCS has not paid dividends to shareholders.

Position	TTM	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.38%	12.86%
YCS ProShares UltraShort Yen	0.00%	0.00%

Frequently Asked Questions

Can I hold both OMAH and YCS in my portfolio?

OMAH and YCS have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OMAH or YCS?

OMAH has higher volatility (2.23%) compared to YCS (2.22%). In terms of maximum drawdown, OMAH dropped -11.83% vs YCS's -49.56%.

Which ETF is better, OMAH or YCS?

On 1-year performance, YCS leads with 31.36% vs 11.86% for OMAH. On fees, OMAH is cheaper at 0.95% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OMAH or YCS?

Over the 1-year period, YCS has performed better with a 31.36% return vs 11.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OMAH or YCS?

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

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

OMAH has the higher dividend yield at 15.38%, compared with 0.00% for YCS.

What is the main difference between OMAH and YCS?

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

Which has better risk-adjusted returns?

YCS currently has the higher Sharpe Ratio (1.86 vs 1.48), 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.