RPAR vs. YCS
RPAR (RPAR Risk Parity ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - RPAR is a Hedge Fund fund actively managed by Toroso Investments, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). RPAR is actively managed, while YCS is passively managed. Over the past 5 years, RPAR returned 1.76%/yr vs 23.54%/yr for YCS. At a correlation of -0.38, they often move in opposite directions. RPAR charges 0.51%/yr vs 1.00%/yr for YCS.
Performance
RPAR vs. YCS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RPAR having a 7.53% return and YCS slightly lower at 7.17%.
RPAR
- 1D
- -0.47%
- 1M
- 1.78%
- YTD
- 7.53%
- 6M
- 7.10%
- 1Y
- 21.22%
- 3Y*
- 9.22%
- 5Y*
- 1.76%
- 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%
RPAR vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RPAR RPAR Risk Parity ETF | 7.53% | 17.91% | 0.06% | 6.03% | -22.82% | 7.56% | 19.40% | 0.11% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | -0.88% |
Correlation
The correlation between RPAR and YCS is -0.46, 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 | -0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019 | -0.38 |
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Return for Risk
RPAR vs. YCS — Risk / Return Rank
RPAR
YCS
RPAR vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RPAR Risk Parity ETF (RPAR) 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.
| RPAR | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 3.97 | -1.34 |
| Martin ratioReturn relative to average drawdown | 8.71 | 12.40 | -3.69 |
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
| RPAR | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.92 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 1.12 | -0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.33 | +0.03 |
Drawdowns
RPAR vs. YCS - Drawdown Comparison
The maximum RPAR drawdown since its inception was -30.16%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for RPAR and YCS.
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Drawdown Indicators
| RPAR | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.16% | -49.56% | +19.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -8.30% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -13.20% | -23.05% | +9.85% |
Max Drawdown (5Y)Largest decline over 5 years | -30.16% | -27.32% | -2.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -2.64% | 0.00% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -11.61% | -19.93% | +8.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.66% | -0.22% |
Volatility
RPAR vs. YCS - Volatility Comparison
RPAR Risk Parity ETF (RPAR) has a higher volatility of 3.56% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that RPAR'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
| RPAR | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 2.75% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 12.32% | -3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 17.27% | -7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.40% | 21.10% | -8.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.69% | 19.01% | -6.32% |
RPAR vs. YCS - Expense Ratio Comparison
RPAR has a 0.51% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
RPAR vs. YCS - Dividend Comparison
RPAR's dividend yield for the trailing twelve months is around 2.07%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RPAR RPAR Risk Parity ETF | 2.07% | 2.55% | 2.51% | 3.16% | 4.01% | 2.02% | 0.76% | 0.23% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RPAR and YCS have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPAR has higher volatility (3.56%) compared to YCS (2.75%). In terms of maximum drawdown, RPAR dropped -30.16% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.54% vs 1.76% for RPAR. On fees, RPAR is cheaper at 0.51% 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 1.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RPAR is cheaper with a 0.51% expense ratio, compared with 1.00% for YCS.
RPAR has the higher dividend yield at 2.07%, compared with 0.00% for YCS.
RPAR is categorized as Hedge Fund, while YCS is Leveraged Currency. They also come from different issuers: Toroso Investments and ProShares. Their fees differ too: 0.51% for RPAR and 1.00% for YCS.
RPAR currently has the higher Sharpe Ratio (2.09 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.
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