STCE vs. YCS
STCE (Schwab Crypto Thematic ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 3 years, STCE returned 58.04%/yr vs 19.84%/yr for YCS. At a correlation of -0.07, they often move in opposite directions. STCE charges 0.30%/yr vs 1.00%/yr for YCS.
Performance
STCE vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, STCE achieves a 32.00% return, which is significantly higher than YCS's 7.17% return.
STCE
- 1D
- -1.96%
- 1M
- 16.12%
- YTD
- 32.00%
- 6M
- 10.29%
- 1Y
- 84.98%
- 3Y*
- 58.04%
- 5Y*
- —
- 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%
STCE vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
STCE Schwab Crypto Thematic ETF | 32.00% | 36.12% | 41.76% | 108.65% | -38.86% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 28.70% | -2.05% |
Correlation
The correlation between STCE 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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2022 | -0.07 |
The correlation between STCE and YCS shifts across timeframes, from -0.14 (1 year) to -0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
STCE vs. YCS — Risk / Return Rank
STCE
YCS
STCE vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Crypto Thematic ETF (STCE) 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.
| STCE | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 3.97 | -2.39 |
| Martin ratioReturn relative to average drawdown | 2.85 | 12.40 | -9.54 |
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
| STCE | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.92 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.33 | +0.32 |
Drawdowns
STCE vs. YCS - Drawdown Comparison
The maximum STCE drawdown since its inception was -54.11%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for STCE and YCS.
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Drawdown Indicators
| STCE | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.11% | -49.56% | -4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -54.11% | -8.30% | -45.81% |
Max Drawdown (3Y)Largest decline over 3 years | -54.11% | -23.05% | -31.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -25.63% | 0.00% | -25.63% |
Average DrawdownAverage peak-to-trough decline | -21.98% | -19.93% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.87% | 2.66% | +27.21% |
Volatility
STCE vs. YCS - Volatility Comparison
Schwab Crypto Thematic ETF (STCE) has a higher volatility of 14.89% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that STCE'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
| STCE | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.89% | 2.75% | +12.14% |
Volatility (6M)Calculated over the trailing 6-month period | 42.80% | 12.32% | +30.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.14% | 17.27% | +43.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.86% | 21.10% | +34.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.86% | 19.01% | +36.85% |
STCE vs. YCS - Expense Ratio Comparison
STCE has a 0.30% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
STCE vs. YCS - Dividend Comparison
STCE's dividend yield for the trailing twelve months is around 1.49%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
STCE Schwab Crypto Thematic ETF | 1.49% | 1.96% | 0.64% | 0.31% | 1.46% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
STCE 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.
STCE has higher volatility (14.89%) compared to YCS (2.75%). In terms of maximum drawdown, STCE dropped -54.11% vs YCS's -49.56%.
On 3-year performance, STCE leads with 58.04% vs 19.84% for YCS. On fees, STCE is cheaper at 0.30% 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 3-year period, STCE has performed better with a 58.04% return vs 19.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STCE is cheaper with a 0.30% expense ratio, compared with 1.00% for YCS.
STCE has the higher dividend yield at 1.49%, compared with 0.00% for YCS.
STCE is categorized as Blockchain, while YCS is Leveraged Currency. STCE tracks Schwab Crypto Thematic Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Charles Schwab and ProShares. Their fees differ too: 0.30% for STCE and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.92 vs 1.40), 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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