PortfoliosLab logo
TBT vs. YCS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TBT and YCS is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.4

Performance

TBT vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort 20+ Year Treasury (TBT) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%100.00%150.00%NovemberDecember2025FebruaryMarchApril
-81.00%
145.03%
TBT
YCS

Key characteristics

Sharpe Ratio

TBT:

0.05

YCS:

0.33

Sortino Ratio

TBT:

0.27

YCS:

0.59

Omega Ratio

TBT:

1.03

YCS:

1.08

Calmar Ratio

TBT:

0.02

YCS:

0.34

Martin Ratio

TBT:

0.12

YCS:

0.78

Ulcer Index

TBT:

12.07%

YCS:

10.13%

Daily Std Dev

TBT:

27.49%

YCS:

24.06%

Max Drawdown

TBT:

-94.99%

YCS:

-49.56%

Current Drawdown

TBT:

-87.13%

YCS:

-8.15%

Returns By Period

In the year-to-date period, TBT achieves a -8.97% return, which is significantly lower than YCS's -4.88% return. Over the past 10 years, TBT has underperformed YCS with an annualized return of -0.84%, while YCS has yielded a comparatively higher 7.21% annualized return.


TBT

YTD

-8.97%

1M

2.54%

6M

12.87%

1Y

0.34%

5Y*

19.20%

10Y*

-0.84%

YCS

YTD

-4.88%

1M

2.85%

6M

9.16%

1Y

7.98%

5Y*

18.80%

10Y*

7.21%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TBT vs. YCS - Expense Ratio Comparison

TBT has a 0.92% expense ratio, which is lower than YCS's 1.00% expense ratio.


Expense ratio chart for YCS: current value is 1.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
YCS: 1.00%
Expense ratio chart for TBT: current value is 0.92%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TBT: 0.92%

Risk-Adjusted Performance

TBT vs. YCS — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TBT
The Risk-Adjusted Performance Rank of TBT is 2222
Overall Rank
The Sharpe Ratio Rank of TBT is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of TBT is 2424
Sortino Ratio Rank
The Omega Ratio Rank of TBT is 2323
Omega Ratio Rank
The Calmar Ratio Rank of TBT is 2020
Calmar Ratio Rank
The Martin Ratio Rank of TBT is 2121
Martin Ratio Rank

YCS
The Risk-Adjusted Performance Rank of YCS is 3636
Overall Rank
The Sharpe Ratio Rank of YCS is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of YCS is 3636
Sortino Ratio Rank
The Omega Ratio Rank of YCS is 3838
Omega Ratio Rank
The Calmar Ratio Rank of YCS is 3939
Calmar Ratio Rank
The Martin Ratio Rank of YCS is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TBT vs. YCS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 20+ Year Treasury (TBT) 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.


The chart of Sharpe ratio for TBT, currently valued at 0.05, compared to the broader market0.002.004.00
TBT: 0.05
YCS: 0.33
The chart of Sortino ratio for TBT, currently valued at 0.27, compared to the broader market-2.000.002.004.006.008.0010.00
TBT: 0.27
YCS: 0.59
The chart of Omega ratio for TBT, currently valued at 1.03, compared to the broader market0.501.001.502.002.503.00
TBT: 1.03
YCS: 1.08
The chart of Calmar ratio for TBT, currently valued at 0.02, compared to the broader market0.005.0010.0015.00
TBT: 0.02
YCS: 0.34
The chart of Martin ratio for TBT, currently valued at 0.12, compared to the broader market0.0020.0040.0060.0080.00100.00
TBT: 0.12
YCS: 0.78

The current TBT Sharpe Ratio is 0.05, which is lower than the YCS Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of TBT and YCS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50NovemberDecember2025FebruaryMarchApril
0.05
0.33
TBT
YCS

Dividends

TBT vs. YCS - Dividend Comparison

TBT's dividend yield for the trailing twelve months is around 4.81%, while YCS has not paid dividends to shareholders.


TTM2024202320222021202020192018
TBT
ProShares UltraShort 20+ Year Treasury
4.81%4.64%4.98%0.42%0.00%0.32%2.12%0.99%
YCS
ProShares UltraShort Yen
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TBT vs. YCS - Drawdown Comparison

The maximum TBT drawdown since its inception was -94.99%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for TBT and YCS. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-83.72%
-8.15%
TBT
YCS

Volatility

TBT vs. YCS - Volatility Comparison

ProShares UltraShort 20+ Year Treasury (TBT) has a higher volatility of 6.64% compared to ProShares UltraShort Yen (YCS) at 5.05%. This indicates that TBT'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.


5.00%6.00%7.00%8.00%9.00%10.00%11.00%NovemberDecember2025FebruaryMarchApril
6.64%
5.05%
TBT
YCS