PSCI vs. YCS
PSCI (Invesco S&P SmallCap Industrials ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - PSCI is a Industrials Equities fund tracking the S&P SmallCap 600 Industrials Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, PSCI returned 15.82%/yr vs 13.62%/yr for YCS. At a 0.17 correlation, their price movements are largely independent. PSCI charges 0.29%/yr vs 1.00%/yr for YCS.
Performance
PSCI vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, PSCI achieves a 18.77% return, which is significantly higher than YCS's 9.63% return. Over the past 10 years, PSCI has outperformed YCS with an annualized return of 15.82%, while YCS has yielded a comparatively lower 13.62% annualized return.
PSCI
- 1D
- -1.73%
- 1M
- 5.91%
- YTD
- 18.77%
- 6M
- 15.85%
- 1Y
- 40.48%
- 3Y*
- 22.48%
- 5Y*
- 14.78%
- 10Y*
- 15.82%
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%
PSCI vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSCI Invesco S&P SmallCap Industrials ETF | 18.77% | 13.50% | 16.68% | 31.64% | -9.02% | 24.44% | 12.02% | 29.80% | -13.20% | 17.52% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between PSCI and YCS is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010 | 0.17 |
The correlation between PSCI and YCS shifts across timeframes, from -0.14 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSCI vs. YCS — Risk / Return Rank
PSCI
YCS
PSCI vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Industrials ETF (PSCI) 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.
| PSCI | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 3.78 | -1.05 |
| Martin ratioReturn relative to average drawdown | 9.29 | 11.93 | -2.63 |
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Drawdowns
PSCI vs. YCS - Drawdown Comparison
The maximum PSCI drawdown since its inception was -45.55%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for PSCI and YCS.
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Drawdown Indicators
| PSCI | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.55% | -49.56% | +4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -8.30% | -6.58% |
Max Drawdown (3Y)Largest decline over 3 years | -29.36% | -23.05% | -6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -29.36% | -27.32% | -2.04% |
Max Drawdown (10Y)Largest decline over 10 years | -45.55% | -27.32% | -18.23% |
Current DrawdownCurrent decline from peak | -1.73% | -0.14% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -19.87% | +12.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.65% | +1.72% |
Volatility
PSCI vs. YCS - Volatility Comparison
Invesco S&P SmallCap Industrials ETF (PSCI) has a higher volatility of 5.81% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that PSCI'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
| PSCI | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 2.25% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.80% | 12.19% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.44% | 16.93% | +4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 21.10% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.25% | 18.82% | +6.43% |
PSCI vs. YCS - Expense Ratio Comparison
PSCI has a 0.29% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
PSCI vs. YCS - Dividend Comparison
PSCI's dividend yield for the trailing twelve months is around 1.33%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCI Invesco S&P SmallCap Industrials ETF | 1.33% | 1.56% | 0.65% | 0.72% | 0.87% | 0.69% | 0.59% | 0.64% | 0.67% | 0.71% | 0.74% | 1.02% |
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
PSCI and YCS have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCI has higher volatility (5.81%) compared to YCS (2.25%). In terms of maximum drawdown, PSCI dropped -45.55% vs YCS's -49.56%.
On 10-year performance, PSCI leads with 15.82% vs 13.62% for YCS. On fees, PSCI is cheaper at 0.29% 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 10-year period, PSCI has performed better with a 15.82% return vs 13.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCI is cheaper with a 0.29% expense ratio, compared with 1.00% for YCS.
PSCI has the higher dividend yield at 1.33%, compared with 0.00% for YCS.
PSCI is categorized as Industrials Equities, while YCS is Leveraged Currency. PSCI tracks S&P SmallCap 600 Industrials Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.29% for PSCI and 1.00% for YCS.
PSCI currently has the higher Sharpe Ratio (1.90 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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