TBG vs. YCS
TBG (TBG Dividend Focus ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - TBG is a Large Cap Value Equities fund actively managed by EA Series Trust, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). TBG is actively managed, while YCS is passively managed. Over the past year, TBG returned 18.63% vs 32.82% for YCS. At a correlation of -0.09, they often move in opposite directions. TBG charges 0.59%/yr vs 1.00%/yr for YCS.
Performance
TBG vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, TBG achieves a 10.42% return, which is significantly higher than YCS's 7.17% return.
TBG
- 1D
- -0.97%
- 1M
- 2.01%
- YTD
- 10.42%
- 6M
- 9.88%
- 1Y
- 18.63%
- 3Y*
- —
- 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%
TBG vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TBG TBG Dividend Focus ETF | 10.42% | 7.50% | 20.58% | 9.66% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | -10.68% |
Correlation
The correlation between TBG and YCS is -0.22, 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 | -0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023 | -0.09 |
The correlation between TBG and YCS shifts across timeframes, from -0.22 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TBG vs. YCS — Risk / Return Rank
TBG
YCS
TBG vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TBG Dividend Focus ETF (TBG) 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.
| TBG | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.97 | -0.92 |
| Martin ratioReturn relative to average drawdown | 9.44 | 12.40 | -2.96 |
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
| TBG | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 1.92 | +0.05 |
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 | 1.58 | 0.33 | +1.25 |
Drawdowns
TBG vs. YCS - Drawdown Comparison
The maximum TBG drawdown since its inception was -14.76%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for TBG and YCS.
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Drawdown Indicators
| TBG | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.76% | -49.56% | +34.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -8.30% | +2.17% |
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 DrawdownCurrent decline from peak | -1.66% | 0.00% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -19.93% | +17.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.66% | -0.68% |
Volatility
TBG vs. YCS - Volatility Comparison
TBG Dividend Focus ETF (TBG) and ProShares UltraShort Yen (YCS) have volatilities of 2.65% and 2.75%, 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.
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Volatility by Period
| TBG | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.75% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 12.32% | -5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 17.27% | -7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 21.10% | -8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.22% | 19.01% | -6.79% |
TBG vs. YCS - Expense Ratio Comparison
TBG has a 0.59% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
TBG vs. YCS - Dividend Comparison
TBG's dividend yield for the trailing twelve months is around 2.69%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TBG TBG Dividend Focus ETF | 2.69% | 2.80% | 2.33% | 0.48% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TBG and YCS have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (2.75%) compared to TBG (2.65%). In terms of maximum drawdown, TBG dropped -14.76% vs YCS's -49.56%.
On 1-year performance, YCS leads with 32.82% vs 18.63% for TBG. On fees, TBG is cheaper at 0.59% per year. On volatility, TBG has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YCS has performed better with a 32.82% return vs 18.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBG is cheaper with a 0.59% expense ratio, compared with 1.00% for YCS.
TBG has the higher dividend yield at 2.69%, compared with 0.00% for YCS.
TBG is categorized as Large Cap Value Equities, while YCS is Leveraged Currency. They also come from different issuers: EA Series Trust and ProShares. Their fees differ too: 0.59% for TBG and 1.00% for YCS.
TBG currently has the higher Sharpe Ratio (1.97 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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