TDTF vs. YCS
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - TDTF is a Inflation-Protected Bonds fund tracking the iBoxx 5-Year Target Duration TIPS, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, TDTF returned 2.82%/yr vs 13.35%/yr for YCS. Their -0.41 correlation means they have often moved in opposite directions in the past. TDTF charges 0.18%/yr vs 1.00%/yr for YCS.
Performance
TDTF vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, TDTF achieves a 1.01% return, which is significantly lower than YCS's 5.42% return. Over the past 10 years, TDTF has underperformed YCS with an annualized return of 2.82%, while YCS has yielded a comparatively higher 13.35% annualized return.
TDTF
- 1D
- 0.11%
- 1M
- -0.12%
- 6M
- 0.53%
- YTD
- 1.01%
- 1Y
- 2.01%
- 3Y*
- 4.41%
- 5Y*
- 1.18%
- 10Y*
- 2.82%
- ALL TIME*
- 2.23%
YCS
- 1D
- 1.26%
- 1M
- -3.97%
- 6M
- 6.17%
- YTD
- 5.42%
- 1Y
- 23.44%
- 3Y*
- 17.45%
- 5Y*
- 23.10%
- 10Y*
- 13.35%
- ALL TIME*
- 6.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.31M | $3.20M | $4.11M | |
| $2.54M | $2.29M | $1.59M |
TDTF vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.01% | 7.83% | 2.40% | 4.10% | -9.73% | 5.54% | 9.98% | 7.99% | -0.82% | 1.93% |
YCS ProShares UltraShort Yen | 5.42% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between TDTF and YCS is -0.30, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2011 | -0.41 |
The correlation between TDTF and YCS shifts across timeframes, from -0.45 (10 years) to -0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TDTF vs. YCS — Risk / Return Rank
TDTF
YCS
TDTF vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) 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.
| TDTF | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.78 | -1.50 |
| Martin ratioReturn relative to average drawdown | 3.21 | 10.25 | -7.04 |
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Drawdowns
TDTF vs. YCS - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for TDTF and YCS.
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Drawdown Indicators
| TDTF | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -49.56% | +37.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -8.48% | +6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -23.05% | +19.65% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -27.32% | +15.30% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | -27.32% | +15.30% |
Current DrawdownCurrent decline from peak | -1.07% | -7.32% | +6.25% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -19.75% | +16.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.29% | -1.66% |
Volatility
TDTF vs. YCS - Volatility Comparison
The current volatility for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is 0.71%, while ProShares UltraShort Yen (YCS) has a volatility of 5.95%. This indicates that TDTF experiences smaller price fluctuations and is considered to be less risky 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
| TDTF | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 5.95% | -5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.27% | 11.87% | -9.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 16.44% | -13.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 21.21% | -15.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 18.61% | -13.54% |
TDTF vs. YCS - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
TDTF vs. YCS - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 5.84%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 5.84% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDTF and YCS have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (5.95%) compared to TDTF (0.71%). In terms of maximum drawdown, TDTF dropped -12.02% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.35% vs 2.82% for TDTF. On fees, TDTF is cheaper at 0.18% per year. On volatility, TDTF has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YCS has performed better with a 13.35% return vs 2.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTF is cheaper with a 0.18% expense ratio, compared with 1.00% for YCS.
TDTF has the higher dividend yield at 5.84%, compared with 0.00% for YCS.
TDTF is categorized as Inflation-Protected Bonds, while YCS is Leveraged Currency. TDTF tracks iBoxx 5-Year Target Duration TIPS, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Northern Trust and ProShares. Their fees differ too: 0.18% for TDTF and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.43 vs 0.67), 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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