PLTM vs. YCS
PLTM (GraniteShares Platinum Trust) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, PLTM returned 9.22%/yr vs 23.54%/yr for YCS. At a correlation of -0.17, they often move in opposite directions. PLTM charges 0.50%/yr vs 1.00%/yr for YCS.
Performance
PLTM vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, PLTM achieves a -9.33% return, which is significantly lower than YCS's 7.17% return.
PLTM
- 1D
- -3.82%
- 1M
- -4.28%
- YTD
- -9.33%
- 6M
- 11.67%
- 1Y
- 71.85%
- 3Y*
- 22.22%
- 5Y*
- 9.22%
- 10Y*
- —
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%
PLTM vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PLTM GraniteShares Platinum Trust | -9.33% | 124.46% | -8.91% | -8.10% | 10.83% | -10.52% | 10.87% | 20.76% | -20.48% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | 4.80% |
Correlation
The correlation between PLTM 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 (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018 | -0.17 |
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Return for Risk
PLTM vs. YCS — Risk / Return Rank
PLTM
YCS
PLTM vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) 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.
| PLTM | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.97 | -1.88 |
| Martin ratioReturn relative to average drawdown | 4.43 | 12.40 | -7.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLTM | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.92 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 1.12 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.33 | -0.09 |
Drawdowns
PLTM vs. YCS - Drawdown Comparison
The maximum PLTM drawdown since its inception was -42.32%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for PLTM and YCS.
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Drawdown Indicators
| PLTM | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.32% | -49.56% | +7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -34.52% | -8.30% | -26.22% |
Max Drawdown (3Y)Largest decline over 3 years | -34.52% | -23.05% | -11.47% |
Max Drawdown (5Y)Largest decline over 5 years | -34.52% | -27.32% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -33.02% | 0.00% | -33.02% |
Average DrawdownAverage peak-to-trough decline | -18.55% | -19.93% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.28% | 2.66% | +13.62% |
Volatility
PLTM vs. YCS - Volatility Comparison
GraniteShares Platinum Trust (PLTM) has a higher volatility of 10.88% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that PLTM'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
| PLTM | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.88% | 2.75% | +8.13% |
Volatility (6M)Calculated over the trailing 6-month period | 45.45% | 12.32% | +33.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.40% | 17.27% | +34.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.83% | 21.10% | +11.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.98% | 19.01% | +11.97% |
PLTM vs. YCS - Expense Ratio Comparison
PLTM has a 0.50% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
PLTM vs. YCS - Dividend Comparison
Neither PLTM nor YCS has paid dividends to shareholders.
Frequently Asked Questions
PLTM 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.
PLTM has higher volatility (10.88%) compared to YCS (2.75%). In terms of maximum drawdown, PLTM dropped -42.32% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.54% vs 9.22% for PLTM. On fees, PLTM is cheaper at 0.50% 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 5-year period, YCS has performed better with a 23.54% return vs 9.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PLTM is cheaper with a 0.50% expense ratio, compared with 1.00% for YCS.
PLTM and YCS have nearly identical dividend yields, around 0.00%.
PLTM is categorized as Precious Metals, while YCS is Leveraged Currency. PLTM tracks Platinum London PM Fix ($/ozt), while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: GraniteShares and ProShares. Their fees differ too: 0.50% for PLTM and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.92 vs 1.41), 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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