TCAI vs. YCS

Last updated Jun 24, 2026

TCAI (Tortoise AI Infrastructure ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - TCAI is a Technology Equities fund actively managed by Tortoise, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). TCAI is actively managed, while YCS is passively managed. At a correlation of -0.09, they often move in opposite directions. TCAI charges 0.65%/yr vs 1.00%/yr for YCS.

Performance

TCAI vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCAI achieves a 86.83% return, which is significantly higher than YCS's 9.63% return.

TCAI

• 1D: -4.84%
• 1M: 10.54%
• YTD: 86.83%
• 6M: 82.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCAI vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
TCAI Tortoise AI Infrastructure ETF	86.83%	17.27%
YCS ProShares UltraShort Yen	9.63%	17.09%

Correlation

The correlation between TCAI and YCS is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	-0.09

Return for Risk

TCAI vs. YCS — Risk / Return Rank

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

TCAI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

YCS

YCS Risk / Return Rank: 63
YCS Sharpe Ratio Rank: 58
YCS Sortino Ratio Rank: 51
YCS Omega Ratio Rank: 59
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCAI vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) 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.

	TCAI	YCS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.86	—
Sortino ratio: Return per unit of downside risk	—	2.36	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	3.78	—
Martin ratio: Return relative to average drawdown	—	11.93	—

Drawdowns

TCAI vs. YCS - Drawdown Comparison

The maximum TCAI drawdown since its inception was -15.80%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for TCAI and YCS.

Drawdown Indicators

	TCAI	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-15.80%	-49.56%	+33.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.30%	—
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 Drawdown Current decline from peak	-4.84%	-0.14%	-4.70%
Average Drawdown Average peak-to-trough decline	-3.54%	-19.87%	+16.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.65%	—

Volatility

Volatility by Period

	TCAI	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.57%	16.93%	+20.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.57%	21.10%	+16.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.57%	18.82%	+18.75%

TCAI vs. YCS - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

TCAI vs. YCS - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, while YCS has not paid dividends to shareholders.

Position	TTM	2025
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%
YCS ProShares UltraShort Yen	0.00%	0.00%

Frequently Asked Questions

Can I hold both TCAI and YCS in my portfolio?

TCAI and YCS have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCAI or YCS?

On fees, TCAI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCAI or YCS?

TCAI is cheaper with a 0.65% expense ratio, compared with 1.00% for YCS.

Which ETF pays a higher dividend yield, TCAI or YCS?

TCAI has the higher dividend yield at 0.03%, compared with 0.00% for YCS.

What is the main difference between TCAI and YCS?

TCAI is categorized as Technology Equities, while YCS is Leveraged Currency. They also come from different issuers: Tortoise and ProShares. Their fees differ too: 0.65% for TCAI and 1.00% for YCS.